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Tag: stranded
Chinas bursting coal bubble raises fear of stranded assets
2015-03-02 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Telegraph: China's love affair with coal has come to an abrupt end, with figures released last week showing that consumption fell in 2014 for the first time in 14 years. A combination of slowing industrial growth and a drive by the government in Beijing finally to take emissions and pollution seriously are the main drivers for the slump in the coal market. The shift in Chinas demand could signal that the worlds second-largest economy has reached peak coal, whereby the country will make a long-term...
Stranded assets and climate change on Bank of England agenda
2015-02-27 12:48:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: The Bank of England has acknowledged that climate change could have an impact on the financial markets in a research agenda. The paper also notes that the move to a low-carbon economy could leave fossil fuel assets stranded. The discussion paper One Bank Research Agenda aims to improve the coordination and openness of the Banks research. The research agenda states, Fundamental changes in the environment could affect economic and financial stability and the safety and soundness of financial...
Tags: change
bank
agenda
england
Problem fossil fuel stranded assets a real one, says Tim Yeo
2015-02-16 14:10:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: Conservative MP and chairman of the energy and climate change committee, Tim Yeo has said that the problem of stranded assets within the fossil fuel industry is real. The comments come as the chief executive of Shell said the current energy debate was nave. Speaking at the International Petroleum Week annual dinner, Ben van Beurden, head of Shell, claimed that the climate change debate often boiled down to fossil fuels out, renewables in, adding that this is a nave view of a sustainable...
Fossil fuel industry must take stranded assets seriously, says Tim Yeo
2015-02-15 19:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The chairman of parliaments energy and climate change committee has joined those warning the fossil fuel industry to take the threat of stranded assets seriously, and believes Shell is wrong to write off critics as naive. Tim Yeo, a veteran Conservative MP and nuclear enthusiast, also expressed alarm at the latest delays at the new Hinkley Point building project in Somerset, saying he hoped they would not lead to eventual cancellation. Shells chief executive, Ben van Beurden, told a dinner...
Tags: industry
tim
assets
fuel
US DOE sells Teapot Dome oilfield to Stranded Oil Resources
2015-02-02 01:00:00| Hydrocarbons Technology
The US Department of Energy (DOE) has sold the Teapot Dome oilfield to Stranded Oil Resources for $45.2m.
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