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Tag: fossil
Attention investors: Climate policy could knock off half the value of fossil fuel companies
2013-02-08 18:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: A recent (subscriber-only) report from HSBC Global Research helps shed some light on what`s at stake in the fight over climate policy. Short answer: a hell of a lot, especially if you`re invested in fossil fuels. The International Energy Agency says that, to have a 50 percent chance of limiting global average temperature rise to 2 degrees Celsius, we can only afford to burn about a third of known fossil-fuel reserves between now and 2050. That means leaving around $20 trillion worth of assets...
Tags: policy
half
companies
attention
Australian wind farms undercut fossil fuel power prices
2013-02-08 05:37:13| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: New research from Bloomberg New Energy Finance (BNEF) has this week provided further evidence that renewable energy can increasingly compete on cost with fossil fuels, revealing that unsubsidised wind farms can undercut electricity sold by new coal or gas-fired power plants. The analysis suggests electricity can be provided from wind farms at a cost of A$80/MWh, while the cost of power from new coal or gas plants, which is now subject to a carbon tax, stands at A$143/MWh and A$116/MWh respectively....
Tags: power
prices
wind
australian
Wind Energy Now Cheaper Than Fossil Fuel Power Plants in Australia
2013-02-07 17:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Yale Environment 360: Unsubsidized wind power is now cheaper than electricity produced from new coal- and natural gas-fired power stations in Australia, according to an analysis by Bloomberg New Energy Finance. The study said that electricity can be supplied from a new wind farm at a cost of 80 Australian dollars per megawatt hour, compared to 143 Australian dollars from a new coal plant and 116 Australian dollars from a new natural gas plant. Even without a recently imposed carbon price, wind energy is 14 percent cheaper...
Tags: power
australia
energy
wind
Cowen Reaffirms "Outperform" Rating on Fossil
2013-02-07 14:19:19| Jewelry - Topix.net
Fossil opened at 104.63 on Thursday. Fossil has a 52-week low of $62.77 and a 52-week high of $139.20. The stock's 50-day moving average is currently $99.90. The company has a market cap of $6.280 billion and a price-to-earnings ratio of 20.94. A number of other firms have also recently commented on FOSL.
Tags: rating
fossil
outperform
cowen
IEA chief: 'Fossil fuel subsidies are public enemy number one' for green energy
2013-02-04 13:36:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The International Energy Agency (IEA)'s chief economist has today again urged governments around the world to end the $0.5tr of annual subsidies given to oil and gas production, while also warning that policy instability has become the greatest challenge facing renewable energy markets. Speaking to delegates at the annual European Wind Energy Association (EWEA) conference in Vienna, the IEA's Dr Fatih Birol described fossil fuel subsidies as "public enemy number one" for the production of sustainable...
Tags: number
public
green
energy
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