A former coal-fired power station in the UK could be turned into a ‘sustainable community’

Utility giant Engie has unveiled plans to turn the site of a former 1-gigawatt coal-fired power station into a “sustainable and smart community.” In a statement Tuesday, the French multinational said the planned redevelopment of the U.K.’s Rugeley Power Station site had the potential to include over 2,000 low carbon homes, as well as a “substantial number of commercial buildings.” The power station, located in Staffordshire in the mid-west of England, closed in 2016. Engie added that the Rugeley


Utility giant Engie has unveiled plans to turn the site of a former 1-gigawatt coal-fired power station into a “sustainable and smart community.” In a statement Tuesday, the French multinational said the planned redevelopment of the U.K.’s Rugeley Power Station site had the potential to include over 2,000 low carbon homes, as well as a “substantial number of commercial buildings.” The power station, located in Staffordshire in the mid-west of England, closed in 2016. Engie added that the Rugeley
A former coal-fired power station in the UK could be turned into a ‘sustainable community’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: anmar frangoul, paul ellis, afp, getty images
Keywords: news, cnbc, companies, turned, energy, smart, sustainable, community, uks, uk, power, engie, station, rugeley, petrie, coalfired, site, redevelopment


A former coal-fired power station in the UK could be turned into a 'sustainable community'

Utility giant Engie has unveiled plans to turn the site of a former 1-gigawatt coal-fired power station into a “sustainable and smart community.”

In a statement Tuesday, the French multinational said the planned redevelopment of the U.K.’s Rugeley Power Station site had the potential to include over 2,000 low carbon homes, as well as a “substantial number of commercial buildings.” The power station, located in Staffordshire in the mid-west of England, closed in 2016.

Engie added that the Rugeley site could be “entirely maintained” using renewable energy, with as much as 50 percent produced on site. The firm added it would seek to utilize a range of technologies and community energy solutions on the site, including smart homes incorporating battery storage and solar power.

“Today’s announcement is an exciting step forward for the redevelopment of a former coal fired power station,” Wilfrid Petrie, the CEO of Engie U.K. and Ireland, said in a statement.

“Engie’s decision to retain ownership and lead the repurposing of the site builds on our track record of going beyond energy and confirms our position at the forefront of the U.K.’s transition towards lower carbon, more energy efficient development,” Petrie added.

The public consultation phase for the project has now started. Once that is completed, Engie said it expected to start pre-planning for the development in March 2019.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: anmar frangoul, paul ellis, afp, getty images
Keywords: news, cnbc, companies, turned, energy, smart, sustainable, community, uks, uk, power, engie, station, rugeley, petrie, coalfired, site, redevelopment


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Google announces plans for a new data center in Denmark

Alphabet’s Google is to invest 600 million euros ($685.98 million) to build its first data center in Denmark. “The Fredericia data center will be among the most energy efficient data centers in Denmark to date, taking advantage of advanced machine learning to make sure every watt of electricity counts,” Kava added. Denmark is something of a world leader in wind energy. The Fredericia data center is set to be Google’s fifth in Europe. In October 2017, Amazon announced that its Amazon Wind Farm Te


Alphabet’s Google is to invest 600 million euros ($685.98 million) to build its first data center in Denmark. “The Fredericia data center will be among the most energy efficient data centers in Denmark to date, taking advantage of advanced machine learning to make sure every watt of electricity counts,” Kava added. Denmark is something of a world leader in wind energy. The Fredericia data center is set to be Google’s fifth in Europe. In October 2017, Amazon announced that its Amazon Wind Farm Te
Google announces plans for a new data center in Denmark Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: anmar frangoul, getty images news, getty images
Keywords: news, cnbc, companies, wind, center, million, energy, google, fredericia, solar, plans, amazon, announces, denmark, kava, data


Google announces plans for a new data center in Denmark

Alphabet’s Google is to invest 600 million euros ($685.98 million) to build its first data center in Denmark.

In a blog post Tuesday, Google’s Vice President for Global Data Centers, Joe Kava, said the facility would be located just outside Fredericia, in the west of the country. Kava added that Google was “committed to matching its energy use with 100 percent carbon-free energy” in Fredericia.

The business was therefore “pursuing new investment opportunities” in Danish renewable energy projects such as solar energy and onshore and offshore wind. It did not name any other companies that it would partner with.

“The Fredericia data center will be among the most energy efficient data centers in Denmark to date, taking advantage of advanced machine learning to make sure every watt of electricity counts,” Kava added.

Denmark is something of a world leader in wind energy. Over one third of the country’s electricity production comes from wind turbines, according to the Danish Energy Agency.

The Fredericia data center is set to be Google’s fifth in Europe. It currently has sites in Belgium, Finland, Ireland and the Netherlands. Google is among a number of tech giants turning to renewable energy as they look to green their operations.

In July, for example, Facebook said its Prineville Data Center in Oregon would be supported by 100 percent solar power under a new partnership with Pacific Power. In October 2017, Amazon announced that its Amazon Wind Farm Texas was operational. At the time, Amazon said that the facility, located in Scurry County, would add over 1 million megawatt hours of clean energy to the grid each year.


Company: cnbc, Activity: cnbc, Date: 2018-11-20  Authors: anmar frangoul, getty images news, getty images
Keywords: news, cnbc, companies, wind, center, million, energy, google, fredericia, solar, plans, amazon, announces, denmark, kava, data


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New designs unveiled for the ‘world’s most powerful’ tidal turbine

The designs for a commercial production tidal turbine have been unveiled by U.K.-based firm Orbital Marine Power, which claims it will be the “most powerful tidal generating platform in the world” when launched. In an announcement Friday, Orbital Marine Power said it planned to deploy its Orbital O2 2MW turbine at the European Marine Energy Centre, in Orkney, in 2020. The Orbital O2 will use a 73-meter-long “floating superstructure” to support two 1 megawatt (MW) turbines on each side and will h


The designs for a commercial production tidal turbine have been unveiled by U.K.-based firm Orbital Marine Power, which claims it will be the “most powerful tidal generating platform in the world” when launched. In an announcement Friday, Orbital Marine Power said it planned to deploy its Orbital O2 2MW turbine at the European Marine Energy Centre, in Orkney, in 2020. The Orbital O2 will use a 73-meter-long “floating superstructure” to support two 1 megawatt (MW) turbines on each side and will h
New designs unveiled for the ‘world’s most powerful’ tidal turbine Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: anmar frangoul, orbital marine power ltd
Keywords: news, cnbc, companies, orbital, world, designs, powerful, tidal, o2, unveiled, european, turbine, worlds, power, marine, sr2000, energy


New designs unveiled for the 'world's most powerful' tidal turbine

The designs for a commercial production tidal turbine have been unveiled by U.K.-based firm Orbital Marine Power, which claims it will be the “most powerful tidal generating platform in the world” when launched.

In an announcement Friday, Orbital Marine Power said it planned to deploy its Orbital O2 2MW turbine at the European Marine Energy Centre, in Orkney, in 2020.

The Orbital O2 will use a 73-meter-long “floating superstructure” to support two 1 megawatt (MW) turbines on each side and will have rotor diameters of 20 meters.

The device is set to have a nameplate power output — which refers to the maximum amount of power the turbine can produce — of 2 MW at tidal current speeds of 2.5 meters per second.

Formerly called Scotrenewables Tidal Power Ltd., Orbital Marine Power launched its SR2000 turbine in 2016. During its initial 12-month test program, the SR2000 generated more than 3 gigawatt hours of electricity.

“The Orbital O2 is a low-cost solution for future commercial projects and builds on the features which made the SR2000 an industry breakthrough,” Andrew Scott, Orbital Marine Power’s CEO, said in a statement.

“This optimized turbine will unlock tidal markets around the world at a competitive price point and provide regulators and investors with a new, predictable renewable energy option,” Scott added.

The European Commission, the legislative arm of the EU, has described “ocean energy” as being both abundant and renewable. Ocean energy could potentially contribute around 10 percent of the European Union’s power demand by 2050, according to the Commission.


Company: cnbc, Activity: cnbc, Date: 2018-11-19  Authors: anmar frangoul, orbital marine power ltd
Keywords: news, cnbc, companies, orbital, world, designs, powerful, tidal, o2, unveiled, european, turbine, worlds, power, marine, sr2000, energy


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US shale firms offer $100 million to aid Texas, New Mexico

More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. “It’s a significant amount of money, but these are huge challenges,” said Evans, a former U.S. Secretary of Commerce who lives in Midland, Texas, the epicenter of the shale oil revolution. The group is assembling plans to hold meetings in communities across the region


More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. “It’s a significant amount of money, but these are huge challenges,” said Evans, a former U.S. Secretary of Commerce who lives in Midland, Texas, the epicenter of the shale oil revolution. The group is assembling plans to hold meetings in communities across the region
US shale firms offer $100 million to aid Texas, New Mexico Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-18  Authors: cavan images, cavan, getty images
Keywords: news, cnbc, companies, shale, companies, oil, group, mexico, firms, aid, million, texas, energy, permian, gas, offer, 100, evans


US shale firms offer $100 million to aid Texas, New Mexico

More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.

Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 companies backing the Permian Strategic Partnership, as the consortium is called, Don Evans, a former U.S. government official and energy executive helping launch the group, told Reuters on Saturday.

The group seeks to address labor and housing shortages, overtaxed healthcare and traffic congestion caused in part by companies descending on the Permian Basin, the nation’s largest oilfield, where they hope to pump billions of dollars’ worth of oil and gas in coming decades, experts said.

“It’s a significant amount of money, but these are huge challenges,” said Evans, a former U.S. Secretary of Commerce who lives in Midland, Texas, the epicenter of the shale oil revolution. “We don’t have enough teachers. We don’t have enough doctors.”

The group aims to work with regional and federal officials, companies, nonprofit groups and educators in New Mexico and Texas, said Evans, who started in the Permian and became CEO of producer Tom Brown Inc before joining the administration of former President George W. Bush.

The group is assembling plans to hold meetings in communities across the region, so “everyone have a voice” in the undertaking. There is no timetable or plan for how the initial contribution will be spent. The group is recruiting staff and searching for office space, he said.


Company: cnbc, Activity: cnbc, Date: 2018-11-18  Authors: cavan images, cavan, getty images
Keywords: news, cnbc, companies, shale, companies, oil, group, mexico, firms, aid, million, texas, energy, permian, gas, offer, 100, evans


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E.ON announces plans to build large onshore wind farm in Sweden

German utility E.ON is to build what it describes as one of Europe’s “largest onshore wind farms.” In an announcement Friday, the business said it had decided to invest in the 475-megawatt Nysater wind project in Sweden. “It is part of our strategy to expand our position for onshore wind energy in Europe,” Anja-Isabel Dotzenrath, CEO of E.ON Climate and Renewables, said in a statement. Europe added 4.5 gigawatts of wind energy capacity in the first half of 2018, according to trade body WindEurop


German utility E.ON is to build what it describes as one of Europe’s “largest onshore wind farms.” In an announcement Friday, the business said it had decided to invest in the 475-megawatt Nysater wind project in Sweden. “It is part of our strategy to expand our position for onshore wind energy in Europe,” Anja-Isabel Dotzenrath, CEO of E.ON Climate and Renewables, said in a statement. Europe added 4.5 gigawatts of wind energy capacity in the first half of 2018, according to trade body WindEurop
E.ON announces plans to build large onshore wind farm in Sweden Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, david clapp, the image bank, getty images
Keywords: news, cnbc, companies, onshore, project, farm, eon, facility, wind, large, dotzenrath, plans, energy, german, build, announces, sweden


E.ON announces plans to build large onshore wind farm in Sweden

German utility E.ON is to build what it describes as one of Europe’s “largest onshore wind farms.”

In an announcement Friday, the business said it had decided to invest in the 475-megawatt Nysater wind project in Sweden. The facility will be built jointly with Credit Suisse Energy Infrastructure Partners (CSEIP).

Breaking down the deal, E.ON said that a fund advised by CSEIP would have 80 percent of the joint venture.

E.ON is to build and operate the project through a “long-term” operations and maintenance agreement, and will retain a 20 percent equity stake in the development. Total investment comes to approximately 500 million euros ($566.4 million).

“It is part of our strategy to expand our position for onshore wind energy in Europe,” Anja-Isabel Dotzenrath, CEO of E.ON Climate and Renewables, said in a statement.

“Nysater means a significant expansion of our Scandinavian portfolio,” Dotzenrath added.

Europe added 4.5 gigawatts of wind energy capacity in the first half of 2018, according to trade body WindEurope.

E.ON said its new project is situated in the Vasternorrland district of Sweden, an area the company described as having “excellent wind conditions.”

Construction is slated to begin this year and it’s expected the facility will be finished by the end of 2021. It will use 114 turbines from Nordex, a German manufacturer.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, david clapp, the image bank, getty images
Keywords: news, cnbc, companies, onshore, project, farm, eon, facility, wind, large, dotzenrath, plans, energy, german, build, announces, sweden


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Tesla cuts prices on solar power systems as it looks to entice customers

Tesla has reduced prices on its solar power systems as it looks to make sustainable energy use more affordable. This pricing change would help Tesla’s average customer make savings of between $3,000 and $4,000, the spokesperson added. “This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world’s transition to sustainable energy.” Shah added that the business wanted to become the lowest-cost solar provider in


Tesla has reduced prices on its solar power systems as it looks to make sustainable energy use more affordable. This pricing change would help Tesla’s average customer make savings of between $3,000 and $4,000, the spokesperson added. “This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world’s transition to sustainable energy.” Shah added that the business wanted to become the lowest-cost solar provider in
Tesla cuts prices on solar power systems as it looks to entice customers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, smith collection gado, archive photos, getty images
Keywords: news, cnbc, companies, prices, spokesperson, power, systems, sustainable, customers, tesla, entice, cuts, teslas, solar, energy, sales, looks


Tesla cuts prices on solar power systems as it looks to entice customers

Tesla has reduced prices on its solar power systems as it looks to make sustainable energy use more affordable.

“As a result of the vertical integration of our solar products into Tesla’s retail stores and the increased efficiencies we’ve realized over the past year by closing more expensive sales channels like door-to-door sales, we are now able to reduce prices for our solar power systems,” a Tesla spokesperson told CNBC in a statement Friday.

This pricing change would help Tesla’s average customer make savings of between $3,000 and $4,000, the spokesperson added. “This change, along with our push to continue shortening the time between sale to installation, will accelerate the adoption of solar and the world’s transition to sustainable energy.”

In an interview with Reuters on Thursday, Tesla’s senior vice president of energy operations, Sanjay Shah, said that the price reductions should make the firm “highly competitive.”

Shah added that the business wanted to become the lowest-cost solar provider in the U.S., Reuters reported.

Tesla deployed 93 megawatts of solar energy generation systems in the third quarter of 2018.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, smith collection gado, archive photos, getty images
Keywords: news, cnbc, companies, prices, spokesperson, power, systems, sustainable, customers, tesla, entice, cuts, teslas, solar, energy, sales, looks


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Energy powerhouse Equinor buys minority stake in Scatec Solar

Norwegian energy firm Equinor has acquired more than 11 million shares in renewable energy business Scatec Solar. The total purchase price is around 700 million Norwegian crowns ($82.66 million). Scatec Solar generates electricity from 357 megawatts of solar power plants across the world. “The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor’s portfolio with profitable solar energy,” Pal Eitrheim, Equinor’s executive vi


Norwegian energy firm Equinor has acquired more than 11 million shares in renewable energy business Scatec Solar. The total purchase price is around 700 million Norwegian crowns ($82.66 million). Scatec Solar generates electricity from 357 megawatts of solar power plants across the world. “The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor’s portfolio with profitable solar energy,” Pal Eitrheim, Equinor’s executive vi
Energy powerhouse Equinor buys minority stake in Scatec Solar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, holger weitzel, imagebroker, getty images
Keywords: news, cnbc, companies, buys, business, solar, scatec, equinors, renewable, energy, norwegian, million, equinor, state, powerhouse, minority, stake


Energy powerhouse Equinor buys minority stake in Scatec Solar

Norwegian energy firm Equinor has acquired more than 11 million shares in renewable energy business Scatec Solar.

The total purchase price is around 700 million Norwegian crowns ($82.66 million). Scatec Solar generates electricity from 357 megawatts of solar power plants across the world.

“The investment in Scatec Solar will increase Equinor’s exposure to a fast growing renewable sector, further complementing Equinor’s portfolio with profitable solar energy,” Pal Eitrheim, Equinor’s executive vice president for new energy solutions, said in a statement Thursday.

“This is in line with our strategy to develop into a broad energy company,” Eitrheim added, before going on to state that Equinor’s minority stake of around 10 percent was being made with a “long-term perspective.”

Formerly known as Statoil, Equinor is headquartered in Stavanger, Norway. The business employs more than 20,000 people and develops oil, gas, wind and solar in over 30 countries. The Norwegian state owns 67 percent of the business.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: anmar frangoul, holger weitzel, imagebroker, getty images
Keywords: news, cnbc, companies, buys, business, solar, scatec, equinors, renewable, energy, norwegian, million, equinor, state, powerhouse, minority, stake


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A software to use less energy

The energy with the least impact is the energy you don’t use. This maxim neatly sums up the whole idea of energy efficiency, which is to make industrial, commercial and personal activities less energy intensive. In its report entitled Energy Efficiency: A Straight Path Towards Energy Sustainability, the World Energy Council[1] lists the numerous ways to make energy production and use more efficient and thereby lower the carbon intensity of all industrialized countries. In the race to become more


The energy with the least impact is the energy you don’t use. This maxim neatly sums up the whole idea of energy efficiency, which is to make industrial, commercial and personal activities less energy intensive. In its report entitled Energy Efficiency: A Straight Path Towards Energy Sustainability, the World Energy Council[1] lists the numerous ways to make energy production and use more efficient and thereby lower the carbon intensity of all industrialized countries. In the race to become more
A software to use less energy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: presented
Keywords: news, cnbc, companies, efficiency, efficient, used, ways, products, transport, carbon, energy, world, software, transform


A software to use less energy

The energy with the least impact is the energy you don’t use. This maxim neatly sums up the whole idea of energy efficiency, which is to make industrial, commercial and personal activities less energy intensive. Total has set long-term objectives to support this ambition, spearheaded, among others, by R&D.

In its report entitled Energy Efficiency: A Straight Path Towards Energy Sustainability, the World Energy Council[1] lists the numerous ways to make energy production and use more efficient and thereby lower the carbon intensity of all industrialized countries. We need to initiate or step up measures to curb the consumption of energy by being smarter about how we use it.

In the race to become more energy efficient, energy companies have an even more critical role to play. On the one hand, they are responsible for the energy used (and emissions produced) by their own facilities when they import, produce, transport and transform primary energy. On the other, most of the carbon footprint left by their products is created when customers use the final energy[2] these products deliver.


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: presented
Keywords: news, cnbc, companies, efficiency, efficient, used, ways, products, transport, carbon, energy, world, software, transform


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At UN climate talks, Trump team plans sideshow on coal

The Trump administration plans to set up a side-event promoting fossil fuels at the annual U.N. climate talks next month, repeating a strategy that infuriated global-warming activists during last year’s talks, according to three people with knowledge of the matter. The White House and the State Department did not respond to requests for comment. The administration’s resistance has come against a backdrop of increasingly urgent warnings from scientists about the threats posed by greenhouse gas em


The Trump administration plans to set up a side-event promoting fossil fuels at the annual U.N. climate talks next month, repeating a strategy that infuriated global-warming activists during last year’s talks, according to three people with knowledge of the matter. The White House and the State Department did not respond to requests for comment. The administration’s resistance has come against a backdrop of increasingly urgent warnings from scientists about the threats posed by greenhouse gas em
At UN climate talks, Trump team plans sideshow on coal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: dominick reuter, afp, getty images
Keywords: news, cnbc, companies, team, trump, climate, fossil, energy, talks, plans, coal, department, sources, state, fuels, sideshow, administration, paris


At UN climate talks, Trump team plans sideshow on coal

The Trump administration plans to set up a side-event promoting fossil fuels at the annual U.N. climate talks next month, repeating a strategy that infuriated global-warming activists during last year’s talks, according to three people with knowledge of the matter.

As with the 2017 gathering in Bonn, Germany, the administration plans to highlight the benefits of technologies that more efficiently burn fuels including coal, the sources said.

This year’s talks in Katowice, Poland – located in a mining region that is among the most polluted in Europe – are intended to hammer out a rule book to the 2015 Paris agreement on climate change, which set a sweeping goal of ending the fossil-fuel era this century by spurring a trillion-dollar transition to cleaner energy sources such as solar and wind power.

Even as the Trump administration aims to promote energy strategies that could detract from those international goals, it also plans to let State Department officials continue negotiating the climate accord – a recognition that the next U.S. president may drop the nation’s opposition to the pact.

“The White House seems to have taken the view that it’s important to let technocrats complete the work of the rule book. It’s in the U.S. national interest to be at the table and see an outcome that emphasizes transparency, holds countries accountable,” said one of the sources, who is familiar with State Department plans.

The White House and the State Department did not respond to requests for comment.

The United States, the world’s top oil and gas producer, is the only country to have announced its intention to formally withdraw from the Paris accord.

The administration’s resistance has come against a backdrop of increasingly urgent warnings from scientists about the threats posed by greenhouse gas emissions from fossil fuels. The panel will come less than two months after the U.N.’s Intergovernmental Panel on Climate Change warned in a report that the world’s use of coal for generating power will need to be nearly eliminated by mid-century – to between 1 and 7 percent of the global mix, from around 40 percent now – to help prevent deadly droughts, storms and floods brought on by climate change.

“Quite frankly, the U.S. is the only party to the convention that appears to be willing to push a rational discussion on the role of cleaner, more efficient fossil (fuels) and the role of civilian nuclear energy,” said one of the sources, who is involved in the planning of the event for Katowice, likely to be held on Dec. 10.

The source, who did not want to be named due to the sensitive nature of the issue, said the event will be dominated by proponents of coal and natural gas and likely advanced nuclear power, too. The panel will also likely feature a U.S. Energy Department representative. At this point plans do not include a renewable power industry representative, the source said.

The event is expected to be led by Wells Griffith, Trump’s international energy and climate adviser, the sources added. Griffith’s main energy policy experience involves a year at a political job at the Department of Energy and helping to set up a deal last year to supply Ukraine with U.S. coal after the country lost control of mines to Russian-backed separatists.

Two-tiered approach

Trump last year announced his intent to leave the Paris agreement, calling it harmful to the U.S. economy and casting doubt on the climate science underpinning the accord.

As per U.N. rules, Trump’s administration will not be able to leave the pact until a day after the 2020 presidential election, and U.S. officials recognize that finishing the rule book and making sure developing countries such as China are held to verifiable emissions cuts are in the national interest.

Last year, the fossil fuels event set up by the White House drew widespread protest and condemnation from climate activists. Former New York Mayor Michael Bloomberg wrote on Twitter that “Promoting coal at a climate summit is like promoting tobacco at a cancer summit.”

At the same time, 40 career officials from the State Department and other agencies continued their work on the Paris pact’s rule book. U.S. envoys to the Bonn talks were viewed by their counterparts as constructive and helpful, feeding hopes that the United States could eventually be drawn back into the accord, a possibility that Trump has held open.

But much has changed since last year.

Several Trump administration officials who supported keeping the United States in the Paris pact, although under different terms, have left the administration. They include top economic adviser Gary Cohn, national security adviser H.R. McMaster, and climate and energy adviser George David Banks. Now, economic adviser Larry Kudlow and national security adviser John Bolton are opponents of the Paris agreement, and Banks has been replaced by Griffith.

Ex-CIA director Mike Pompeo, a vocal critic of efforts to combat global warming by past U.S. administrations, has become Secretary of State, replacing former Exxon Mobil CEO Rex Tillerson, who supported U.S. participation in the Paris agreement.

That places Trump’s team more squarely behind his “energy dominance” agenda of boosting U.S. fossil fuel output and exports, in part by promoting low-emission technology for fossil fuels to other nations.

The Energy Department has touted technologies including small scale “modular” coal plants that could burn the fuel more efficiently and step in when clouds and calm weather limit solar and wind power.

Environmentalists should not get excited that any State Department cooperation in Poland signals the Trump administration is eyeing a return to the Paris agreement, one of the sources said.

“It’s making sure U.S. interests are paramount, nothing more, nothing less.”


Company: cnbc, Activity: cnbc, Date: 2018-11-15  Authors: dominick reuter, afp, getty images
Keywords: news, cnbc, companies, team, trump, climate, fossil, energy, talks, plans, coal, department, sources, state, fuels, sideshow, administration, paris


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Stocks rise as oil rebounds after collapse

Stocks traded higher on Wednesday as oil was on track to snap a record losing streak. Oil rose 2.4 percent on Wednesday, rebounding from a 7 percent plunge in the previous session. Crude was also on pace to rise for the first time in 13 sessions. Both stocks rose more than 3 percent. These data come as a relief for investors as they have contended with worries of rising interest rates.


Stocks traded higher on Wednesday as oil was on track to snap a record losing streak. Oil rose 2.4 percent on Wednesday, rebounding from a 7 percent plunge in the previous session. Crude was also on pace to rise for the first time in 13 sessions. Both stocks rose more than 3 percent. These data come as a relief for investors as they have contended with worries of rising interest rates.
Stocks rise as oil rebounds after collapse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: fred imbert, chris goodney, bloomberg, getty images
Keywords: news, cnbc, companies, rising, previous, rose, energy, oil, collapse, crude, worries, rise, prices, relief, rates, stocks, rebounds


Stocks rise as oil rebounds after collapse

Stocks traded higher on Wednesday as oil was on track to snap a record losing streak.

The Dow Jones Industrial Average rose 54 points, led by gains in Nike. The S&P 500 gained 0.25 percent as energy outperformed. The Nasdaq Composite advanced 0.1 percent.

Oil rose 2.4 percent on Wednesday, rebounding from a 7 percent plunge in the previous session. Crude was also on pace to rise for the first time in 13 sessions. Prices have been under pressure recently amid fears of an abundance of supply and not enough demand.

President Donald Trump earlier this week sent another warning to producer cartel OPEC (Organization of Petroleum Exporting Countries), saying he hoped the group would not cut output in a move to buoy prices. The fall in crude has also sparked worries of a global economic slowdown.

“The crude crash has gotten extreme,” said Frank Cappelleri, executive director at Instinet. “While a mean reverting move is expected soon, the downturn has had negative effects on both the high yield bond market and credit spreads — all of which will be influential on any rally attempts for equities.”

The Energy Select Secotr SPDR Fund rose 1 percent, led by gains in Apache and ConocoPhillips. Both stocks rose more than 3 percent.

Investors also breathed a sigh of relief the latest data showed U.S. inflation is still tame.

The consumer price index rose 0.3 percent in October — in line with expectations — boosted by higher gasoline prices, used cars and housing. The so-called core CPI, which strips out food and energy costs, missed estimates on an annualized basis, coming in at 2.1 percent. This is also lower than a previous reading of 2.2 percent.

These data come as a relief for investors as they have contended with worries of rising interest rates. The Federal Reserve has raised rates three times this year, and is forecast to hike once more before year-end. Investors worry that rising inflation will lead the Fed to tighten policy at a faster-than-expected pace.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: fred imbert, chris goodney, bloomberg, getty images
Keywords: news, cnbc, companies, rising, previous, rose, energy, oil, collapse, crude, worries, rise, prices, relief, rates, stocks, rebounds


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