Beijing Enterprises buy German waste-to-energy group

Beijing is surrounded by rubbish dumps so large that they have been described as the city’s “seventh ring”. On Thursday Beijing Enterprises completed the largest ever Chinese acquisition of a German business, purchasing a German waste management company for €1.44bn. The target company is regarded as an industry leader in advanced technologies for filtering emissions. The firm currently converts 4.7m […]

Obama proposes $10 per barrel oil tax — unlikely to happen

President Obama’s White House has proposed “bold” $10 per barrel tax on imports of oil. “The White House said that the tax would encourage a shift away from an oil-dependent transportation system and provide revenue that it would use to pay for much-needed infrastructure investment.” With a current price of $30-$40/bbl this represents a tax […]

The oil bubble: bursting in slow motion

Bubbles are created when buyers overpay in the hope of finding a ‘greater fool’ to sell to later. This has happened lately in the Chinese stock and property markets. Apartments were built on borrowed money, bought and left empty as prices rose, in the hope they could be offloaded later on to a greater fool before the bubble burst. The same approach was applied in the […]

Only one way to save the oceans

  Some people think we can keep extracting fossil fuels and later use some techno-fix to extract the carbon back out of the atmosphere. Researchers in Germany have found that even if we did that, the fact that the oceans absorb CO2, then transport it to the deep ocean, means that the oceans would stay […]

No change on Climate Change

The IPCC has released its latest report on climate change. In summary: Climate change has already impacted natural and human systems on every continent. Climate change is also damaging global food production, cutting our supply of fresh drinking water, and damaging our infrastructure. Coastal flooding could reduce global economic production by 10 percent by the end of the century. And the widespread damage already […]

IPCC and renewable energy — the view from Texas

So, the IPCC has concluded that averting climate change catastrophe is ’eminently affordable’. Of course it is — it always was. Quibbles about the ‘cost’ of averting climate change have always been spurious, partly because the cost of not taking action will always be greater (ie death), and partly because any ‘cost’ will always show […]