Sunday, May 20, 2018

Green Party News

Canada Ready to Cover Kinder Morgan Loss

File Image (CREDIT: AdobeStock / © Berkut 34)

Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday. The company has given…

Germany Says No More Credit Guarantees for Nuclear Exports

Germany's government has decided to stop issuing credit guarantees for exports of equipment used for nuclear power generation because the risks to public safety are too great, the Economy Ministry said on Thursday. The guarantees offer security to exporters…

Alberta Committed to Seeing Trans Mountain Pipeline to Completion

Alberta's provincial government said on Tuesday that it remained "steadfastly committed" to seeing the Trans Mountain crude oil pipeline through to completion. British Columbia's minority Green Party on Monday struck a deal with the left-leaning New Democrats to govern Canada's western-most province…

Can Brazil Finally Fulfil its Onshore Potential?

Petrobras has grown to become a major player in the global oil & gas industry following persistently high capital expenditure, especially on its deep water developments. But while the focus has been offshore, onshore activities have lagged behind and are not fulfilling their potential…

Petronas Scraps $29 bln Canada LNG Project

Decision widely expected after long delay, weak prices. Malaysian oil company Petronas has scrapped a proposed C$36 billion ($29 billion) liquefied natural gas (LNG) project in western Canada due to weak prices, in a blow to both its global ambitions and Canada's hopes of becoming a major LNG player.

DW Examines Brazil’s Onshore Energy Prospects

Can Brazil finally fulfil its onshore potential? Enquires Douglas Westwood in the latest DW Monday series. Petrobras has grown to become a major player in the global oil & gas industry following persistently high capital expenditure, especially on its deep water developments.

Sweden to Cut Taxes on Nuclear Power Generation

Sweden said on Friday it would phase out some taxes on nuclear power and build new reactors to replace aging plants and secure energy supplies for decades to come. Nuclear power providers in Sweden have said they would be forced to shut the country's loss-making…

Finland's Greens to Resign from Government if it Backs Nuclear Plant

The Green Party will exit Finland's five-party government if the coalition on Thursday decides to support Fennovoima's Finnish-Russian nuclear project, the party's leader said on Monday. Such move would not bring down the government, led by right-leaning Alexander Stubb…

Finland Puts New Nuclear Plant Plan in Doubt

Finland's economy minister has rejected an application from power utility Teollisuuden Voima (TVO) to extend the permit for a new nuclear reactor in the west of the country, throwing the project into doubt. Minister Jan Vapaavuori instead conditionally backed another nuclear project…

Norway's Labour Calls for Debate on Oil Tax Regime

© thierry / Adobe Stock

Norway should review its generous tax regime on oil drilling because of climate change, the opposition Labour party said on Monday, three weeks before a parliamentary election which opinion polls suggest it is on course to win. Labour's Marianne Marthinsen…

CNOOC Ends Feasibility Study for Western Canadian LNG Terminal

China's CNOOC Ltd said on Thursday it will end the feasibility study for its (LNG) export terminal on British Columbia's coast due to low global commodity prices, in the latest setback for Canada's energy industry. Nexen Energy, a unit of CNOOC, said in a statement…

Stein Faces Probe Over N. Dakota Pipeline Protest

Jill Stein (Photo: Official Jill Stein campaign website)

Authorities in North Dakota are investigating possible charges against U.S. Green Party presidential candidate for allegedly damaging equipment during protests on Tuesday over construction of an oil pipeline in the state. Jill Stein allegedly was part of a…

Vattenfall Puts Nuclear Plans on Hold

Nuclear Power Plant

Sweden's Vattenfall will drop plans to build new nuclear reactors because a new government, which includes the Green Party, doesn't support them, the company said on Friday. The previous centre-right government overturned a policy of phasing out nuclear power…

Oslo's Radical 'Climate Budget' Aims to Halve Carbon Emissions

Oslo's leftist city government issued its first "climate budget" on Wednesday aiming to halve greenhouse gas emission within four years in one of the world's most radical experiments to slow global warming. The budget, setting out annual goals to choke off emissions from cars…

Sweden Doubles Waste Fee for Nuclear Power Plants

Sweden's government has decided to almost double a fee nuclear power plant operators pay to the nuclear waste fund, in order to help it cover the rising costs of decommissioning, the environment ministry said on Thursday. Sweden's state-owned utility Vattenfall operates Forsmark and Ringhals power plants…

Oslo's Pension Fund to Pull Out From Oil, Gas Firms

The Norwegian capital's public pension fund will divest its holdings of companies producing oil and gas to give it a greener profile, the newly elected centre-left city council said on Monday. Oslo Pensjonsforsikring had already began divesting from coal under the outgoing right-wing council…

New EU Rules Phase out Renewable Subsidies

Funding green energy will become harder under EU rules published on Wednesday designed to replace subsidies with market-based schemes, just when the Ukraine crisis has heightened the need for alternatives to imported fossil fuel. The executive European Commission said the guidelines…

U.N. Climate Deal 'Quite Close' - Latvian President

Latvian President Raimonds Vejonis Photo Latvia.eu

World leaders are "quite close" to reaching a deal to fight climate change when they meet in Paris from Monday, Latvian President Raimonds Vejonis, Europe's first Green party head of state, said, adding any deal should be legally binding. Vejonis urged participants at the U.N. summit in Paris from Nov. 30-Dec.

France's Oldest Nuclear Plant Shut Down After Incident

France's Oldest Nuclear Reactor

France's oldest nuclear power plant, Fessenheim, was shut down on Saturday following an incident at the facility away from the reactor which did not pose any danger, operator EDF said. The accidental closing of a valve controlling the steam supply to the turbine generator automatically shut down Fessenheim's reactor 2.

Norway to Match EU on Climate Goals, Easing Oil Industry Fears

Norway will match a European Union goal of cutting greenhouse gas emissions at least 40 percent below 1990 levels by 2030 under a government plan announced on Wednesday, easing oil industry fears of tougher unilateral curbs. Norway's target will be part of a U.N.