Environmental economics http://www.globalpost.com/taxonomy/term/27094/all en COLUMN-Peak oil and other fallacies: John Kemp http://www.globalpost.com/dispatch/news/thomson-reuters/130121/column-peak-oil-and-other-fallacies-john-kemp <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(John Kemp is a Reuters market analyst. The views expressed are his own)</p> <p>By John Kemp</p> <p>LONDON, Jan 21 (Reuters) - "The limit of production in this country (the United States) is being reached, and although new fields undoubtedly await discovery, the yearly (oil) output must inevitably decline, because the maintenance of output each year necessitates the drilling of an increasing number of wells.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/column-peak-oil-and-other-fallacies-john-kemp" target="_blank">read more</a></p> Environmental economics oil Petroleum Soft matter Technology Thomson Reuters Mon, 21 Jan 2013 13:30:28 +0000 5737210 at http://www.globalpost.com Curbing climate change will cost $700 bln a year-report http://www.globalpost.com/dispatch/news/thomson-reuters/130121/curbing-climate-change-will-cost-700-bln-year-report <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Says spending needed on buildings, energy, transport</p> <p>* Governments haggle over who should pay the bill</p> <p>* Recessions limit state resources to tackle climate change</p> <p>By Alister Doyle</p> <p>OSLO, Jan 21 (Reuters) - The world must spend an extra $700 billion a year to curb its addiction to fossil fuels blamed for worsening floods and heat waves and rising sea levels, a study issued by the World Economic Forum (WEF) showed on Monday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/curbing-climate-change-will-cost-700-bln-year-report" target="_blank">read more</a></p> Business Climate change policy Economics Environmental economics Thomson Reuters Mon, 21 Jan 2013 19:00:33 +0000 5737403 at http://www.globalpost.com FACTBOX-Mexico's oil giant Pemex at reform crossroads http://www.globalpost.com/dispatch/news/thomson-reuters/130201/factbox-mexicos-oil-giant-pemex-at-reform-crossroads <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Feb 1 (Reuters) - An explosion on Thursday at the headquarters of Mexican state oil giant Pemex killed at least 32 people, dealing a blow to the company's image as the government prepares a reform to draw in more private investment.</p> <p>The following are key facts about Pemex:</p> <p>* Mexico is the world's No. 7 oil producer and a top exporter to the United States. Output has slumped from a peak of 3.4 million barrels per day in 2004 as major fields aged to stabilize around 2.55 million bpd.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130201/factbox-mexicos-oil-giant-pemex-at-reform-crossroads" target="_blank">read more</a></p> Environmental economics Pemex Petroleum politics Thomson Reuters Fri, 01 Feb 2013 19:16:00 +0000 5743456 at http://www.globalpost.com UPDATE 1-UK economy to take 2013 oil hit before N.Sea recovery http://www.globalpost.com/dispatch/news/thomson-reuters/130225/update-1-uk-economy-take-2013-oil-hit-nsea-recovery <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Oil &amp; gas production to fall 3-6 pct in 2013 -Oil &amp; Gas UK</p> <p>* Industry body survey says output down 14 pct in 2012</p> <p>* Production seen rising in the period 2014 to 2017</p> <p>* Sluggish growth cited by Moody's in downgrade</p> <p>By Sarah Young</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130225/update-1-uk-economy-take-2013-oil-hit-nsea-recovery" target="_blank">read more</a></p> Disaster Entertainment Environmental economics Oil fields Petroleum Technology Thomson Reuters Mon, 25 Feb 2013 17:15:30 +0000 5766162 at http://www.globalpost.com U.S. manufacturers say carbon tax could cut factory output http://www.globalpost.com/dispatch/news/thomson-reuters/130226/us-manufacturers-say-carbon-tax-could-cut-factory-output <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Pre-emptive strike against any attempt to tax polluters</p> <p>* Group warns that energy prices would rise, wages fall</p> <p>* Some see carbon tax as solution to budget deficit</p> <p>WASHINGTON, Feb 26 (Reuters) - The largest U.S. manufacturers' association on Tuesday warned that a potential tax on carbon emissions to fight global warming would cut factory output and could hurt the U.S. economy in other ways.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130226/us-manufacturers-say-carbon-tax-could-cut-factory-output" target="_blank">read more</a></p> Business Climate change policy Entertainment Environment Environmental economics Health Politics Thomson Reuters Tue, 26 Feb 2013 22:30:13 +0000 5767833 at http://www.globalpost.com KESC’s Unique Transformation http://www.globalpost.com/dispatch/news/asianet/130412/kesc-s-unique-transformation <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> KESC’s Chairman, Tabish Gauhar, recently addressed two classes at the Harvard Business School and presented KESC’s turnaround story that revolves around a unique value creation model that ensures environmental, social and governance (ESG) gains as means to sustainable economic and financial value creation.</p><P>Harvard Business School and Harvard Kennedy School recently did a joint Case Study on KESC’s turnaround strategy to holistically capture the unique public-private partnership model that was aimed at transforming the ailing power utility with a long public sector legacy.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130412/kesc-s-unique-transformation" target="_blank">read more</a></p> Business Environment Environmental economics Social responsibility Technology Asianet Fri, 12 Apr 2013 20:46:26 +0000 Asianet 5814294 at http://www.globalpost.com BOI approves P1.1-billion hydroelectric plant project in Davao del Sur http://www.globalpost.com/dispatch/news/asianet/130412/boi-approves-p11-billion-hydroelectric-plant-project-davao-del-sur <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Board of Investments (BOI) has approved the application of Hedcor Sibulan Inc. (HSI), the renewable energy developer of the Tudaya 1 Hydroelectric Power Plant in Sta. Cruz, Davao del Sur. With a capital investment of P1.165 million, the firm will operate the plant which is projected to provide additional 6.6 MW to the current supply of power in Mindanao. It will tap the waters of the Sibulan and Baroring river systems to generate power.</p><P>The amount of power to be produced is expected to be sold to Davao Light and Power Company, Inc.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130412/boi-approves-p11-billion-hydroelectric-plant-project-davao-del-sur" target="_blank">read more</a></p> Energy policy Environment Environmental economics Low-carbon economy Technology Asianet Fri, 12 Apr 2013 21:19:38 +0000 Asianet 5814432 at http://www.globalpost.com S. Korea renews 'firm commitment' to enriching uranium in talks with U.S. http://www.globalpost.com/dispatch/news/yonhap-news-agency/130603/s-korea-renews-firm-commitment-enriching-uranium-talks-us <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, June 3 (Yonhap) -- South Korea's chief negotiator renewed his "firm commitment" on Monday to enriching uranium and reprocessing nuclear fuel for the nation's civil nuclear energy program as Seoul resumed formal negotiations with Washington aimed at revising a bilateral nuclear accord.</p> <p>After more than two years of negotiations, South Korea failed to win U.S. permission to enrich uranium and reprocess spent nuclear fuel in the negotiations. Instead, the allies agreed in late April to extend the current agreement by two more years until March 2016.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p><span>Copyright Yonhap News Agency, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130603/s-korea-renews-firm-commitment-enriching-uranium-talks-us" target="_blank">read more</a></p> Chemistry Energy Environmental economics Technology Yonhap News Agency Mon, 03 Jun 2013 07:45:57 +0000 5850564 at http://www.globalpost.com US oil output soaring on shale boom http://www.globalpost.com/dispatch/news/afp/130612/us-oil-output-soaring-shale-boom <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The United States enjoyed a record surge in oil and gas production last year, boosted by a shale energy revolution, British energy giant BP said on Wednesday.</p> <p>"On the supply side, the most noticeable phenomenon remains the American shale revolution," said BP Chief Executive Bob Dudley in an introduction to the group's global outlook report.</p> <p>"In 2012, the US recorded the largest oil and natural gas production increases in the world, and saw the largest gain in oil production in its history."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130612/us-oil-output-soaring-shale-boom" target="_blank">read more</a></p> Energy Environmental economics Futurology AFP Wed, 12 Jun 2013 16:34:05 +0000 5856403 at http://www.globalpost.com Environment holds business risks and chances http://www.globalpost.com/dispatch/news/afp/130621/environment-holds-business-risks-and-chances <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Rising temperatures, storms linked to climate change and growing competition for water and land point to tough times ahead for the business sector, but also a chance for profitable innovation, the UN said Friday.</p> <p>Citing the ravages of floods in Australia in 2010-11 which cost insurer Munich Re $350 million (265 million euros) and mining group Rio Tinto another $245 million, the report said companies had no choice but to adapt.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130621/environment-holds-business-risks-and-chances" target="_blank">read more</a></p> Climate change Environment Environmental economics Health Labor Social Issues AFP Fri, 21 Jun 2013 14:21:52 +0000 5863278 at http://www.globalpost.com Technology vanquishes the peak-oilers, again http://www.globalpost.com/dispatch/news/thomson-reuters/130723/technology-vanquishes-the-peak-oilers-again <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By John Kemp</p> <p>LONDON (Reuters) - The decision to shutter "The Oil Drum", the leading website devoted to peak oil, has come to symbolize the end of an era - and sparked a furious debate about whether the theory was all along based on a fundamental mistake.</p> <p>The site's authors and editors blamed the decision to archive it on the "scarcity of new content caused by a dwindling number of contributors," according to a statement on July 3.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130723/technology-vanquishes-the-peak-oilers-again" target="_blank">read more</a></p> Business Disaster Environmental economics oil Peak oil Petroleum Technology War Thomson Reuters Tue, 23 Jul 2013 15:07:54 +0000 5891356 at http://www.globalpost.com Mexico proposes opening oil sector to foreign firms http://www.globalpost.com/dispatch/news/afp/130812/mexico-proposes-opening-oil-sector-foreign-firms-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Mexico's President Enrique Pena Nieto proposed sweeping reforms of the country's oil sector Monday that would allow foreign energy firms back into the industry 75 years after being thrown out.</p> <p>Pena Nieto proposed a constitutional reform that would allow state oil monopoly Pemex to partner with private energy companies in oil and gas exploration and production.</p> <p>The joint deals aim at tapping foreign oil company capital and technology to revive oil and gas production, which has sagged under Pemex in recent years.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130812/mexico-proposes-opening-oil-sector-foreign-firms-1" target="_blank">read more</a></p> Energy in Mexico Environmental economics oil Pemex AFP Tue, 13 Aug 2013 00:48:39 +0000 5908537 at http://www.globalpost.com Mexico proposes opening oil sector to foreign firms http://www.globalpost.com/dispatch/news/afp/130813/mexico-proposes-opening-oil-sector-foreign-firms <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Mexico's President Enrique Pena Nieto proposed sweeping reforms of the country's oil sector Monday that would allow foreign energy firms back into the industry 75 years after being thrown out.</p> <p>Pena Nieto proposed a constitutional reform that would allow state oil monopoly Pemex to partner with private energy companies in oil and gas exploration and production.</p> <p>The joint deals aim at tapping foreign oil company capital and technology to revive oil and gas production, which has sagged under Pemex in recent years.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130813/mexico-proposes-opening-oil-sector-foreign-firms" target="_blank">read more</a></p> Energy in Mexico Environmental economics oil Pemex AFP Tue, 13 Aug 2013 11:20:23 +0000 5908828 at http://www.globalpost.com Mexico aims to gradually cut Pemex tax burden, set royalty http://www.globalpost.com/dispatch/news/thomson-reuters/130826/mexico-aims-gradually-cut-pemex-tax-burden-set-royalty <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Luis Rojas, Ana Isabel Martinez and Alexandra Alper</p> <p>MEXICO CITY (Reuters) - Mexico aims to gradually reduce a crippling tax burden on state oil monopoly Pemex, replacing a high levy it currently pays with a royalty and a more flexible taxation scheme, a senior finance ministry official said on Monday.</p> <p>The plan details an energy reform proposal Mexican President Enrique Pena Nieto presented earlier this month, which aims to wean Mexico's government off its dependence on Pemex's aging oil fields for its tax revenue.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130826/mexico-aims-gradually-cut-pemex-tax-burden-set-royalty" target="_blank">read more</a></p> Energy in Mexico Environmental economics Pemex Politics Thomson Reuters Tue, 27 Aug 2013 01:15:56 +0000 5918411 at http://www.globalpost.com China to invest 80 billion yuan in oil and gas exploration this year http://www.globalpost.com/dispatch/news/thomson-reuters/130915/china-invest-80-billion-yuan-oil-and-gas-exploration-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>BEIJING (Reuters) - China will invest 80 billion yuan ($13.07 billion) in oil and gas exploration in 2013, state media said on Sunday, as it tries to boost energy supplies reduce its dependence on energy imports.</p> <p>Oil and gas investment in China has risen from 19 billion yuan in 2002 to 67.3 billion yuan in 2011, the official Xinhua news agency said, citing Ministry of Land and Resources figures.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130915/china-invest-80-billion-yuan-oil-and-gas-exploration-year" target="_blank">read more</a></p> Economy of Iran Energy in China Environmental economics Thomson Reuters Sun, 15 Sep 2013 10:31:18 +0000 5934502 at http://www.globalpost.com