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Goodbye To Cheap Air travel

Pete Smith @ May 16, 2008 # No Comment Yet

Shares in British Airways rose sharply this morning after preliminary results for the 12 months to March revealed annual pre-tax profits up by 44.5% to £883 million. These excellent figures are bucking the trend in airlines around the world, and particularly in the US, where the airline sector as a whole posted an $11 billion [...]

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U.S. Biofuel Dumping

Pete Smith @ March 10, 2008 # 3 Comments

Shares in AIM-listed biofuels outfit D1 Oils plc (LSE: DOO.L - news) are showing more sharp falls this morning after a 36% drop on Friday. The company said the influx of heavily subsidised US biodiesel is putting the entire EU green fuel industry at risk. The US government is promoting the production and use of [...]

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Polluter Pays

Pete Smith @ January 17, 2008 # One Comment

A court in Paris has found oil giant Total responsible for the sinking of the tanker Erika. The world’s fourth-largest oil company must pay a fine of €375,000 for negligence, plus €200 million in damages.
The incident, in December 1999, caused a 20,000 tonne slick of heavy oil which polluted 250 miles of the French Atlantic [...]

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Ceres Power Holdings

Pete Smith @ January 14, 2008 # No Comment Yet

Shares in Ceres Power Holdings (CWR.L) rose sharply this morning on the news that Centrica, the parent company of British Gas, has taken a 10% stake in the AIM-listed fuel cell company. The shares are being bought at £3.00 per share, substantially lower than the £3.25 they reached last September when Ceres announced successful trials [...]

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Pssst! Wanna Buy Some Green Energy?

Pete Smith @ December 10, 2007 # 4 Comments

The Observer reports that Britain is running out of renewable energy, as a surge in demand from businesses has outstripped the supply of electricity generated from ‘green’ sources. Firms’ interest in reducing their carbon footprint has far exceeded new capacity coming on-stream. This leaves companies which have pledged to become ‘carbon neutral’ with a sizeable [...]

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Greenwash: And The Winners Are…

Pete Smith @ December 7, 2007 # 2 Comments

Last month The Coffee House drew your attention to the
Worst EU Lobbying and Greenwash Awards 2007.
The winners were announced at a festive awards ceremony in the Witloof Cellar in Brussels on 4 December 2007.
Winner of the Worst EU Lobbying Award 2007
BMW, Daimler and Porsche – nominated together in the worst EU lobbying category – [...]

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Biofuels Issue Brief

Pete Smith @ November 17, 2007 # No Comment Yet

The World Business Council for Sustainable Development (WBCSD) has published an ‘Issue Brief’ on biofuels. The document, the first output from WBSCD’s new workstream on clean energy technology, provides an overview of biofuel production and use with a special focus on the transport sector. It describes first and second generation biofuels and explores their [...]

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Vote For Your Favourite Greenwash

Pete Smith @ November 16, 2007 # 2 Comments

Spinwatch, in conjunction with Corporate Europe Observatory, Friends of the Earth Europe and LobbyControl, are running The Worst EU Lobbying and Greenwash Awards 2007. This is your chance to vote for the “most deceptive, misleading, or otherwise problematic lobbying tactics in attempts to influence EU decision-making”.
Nominees in the ‘Worst EU Lobbying’ category are:

BMW, Daimler and [...]

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China Punishes Twelve Heavy Polluters Under New ‘Green Credit’ Policy

Pete Smith @ November 16, 2007 # 3 Comments

Twelve Chinese companies reported for environmental violations have had crucial bank loans recalled, suspended or rejected. The first list of thirty offending companies was submitted to the People’s Bank of China and the China Banking Regulatory Commission by the State Environmental Protection Administration (SEPA) in July this year. China’s new ‘Green Credit’ policy is intended [...]

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Solar Revolution Running Out Of Steam?

Pete Smith @ November 15, 2007 # No Comment Yet

It’s a good job someone’s looking at increasing the supply of silicon for the solar industry (“IBM Recycles Silicon”) . In his article “Profit from the End of Cheap Oil“, Ian Cooper describes how the hopes of the solar industry to provide a viable energy alternative to oil depend on a reliable and continuing supply [...]

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