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European Gas Limited (EGL) may be about to undergo another transformation. In 2005 the ASX-listed firm, then trading as Kimberley Oil, was a failed explorer in Australia’s remote Canning Basin. The following year it sold its
Full story...Last week, by a narrow margin, the US passed legislation to impose the nation’s first limits on greenhouse gas emissions. It was a victory for President Barack Obama. But the narrowness of the 219-212 vote, however, showed that
Full story...For a change in alternative power it was the turn of equity markets to dominate the action. Among major news for investors interested in commodities was news that Glencore International AG, the world’s largest commodity trader,
Full story...In the space of a week Aim-listed carbon trader EcoSecurities has received and rejected two bids. The first bid, on June 5th, came from EcoSecurities’ co-founder and former chief executive, Dr Pedro Moura Costa, who offered 60p a
Full story...The credit crunch is hurting wind power, as developers fail to secure finance for turbines. One of the affected turbine manufacturers is US-based, Aim-listed Clipper Windpower which has seen clients defer turbine orders into
Full story...The American Energy Act will cut in half the amount of time necessary to permit a new nuclear power plant. The current schedule for new plant permitting - which has already been streamlined - takes approximately four years,
Full story...Western countries are using climate change as an excuse to constrain palm oil production in Asia because it competes with Western interests, including conventional fuels, Indonesia's palm oil industry chief claimed last week. The
Full story...Last June UK-based TMO Renewables commissioned an £8 million demonstration plant in Surrey with the capacity to produce 1.4 million gallons of alcohol or “beer” a year. The plant uses proprietary technology that consists of
Full story...Commodities headed for the biggest monthly rally in 34 years last week, led by energy, as the slumping dollar and optimism about economic recovery boosted demand for raw materials. In May the Reuters/Jefferies CRB Index of 19
Full story...President Obama’s announcement last week of new tough fuel economy standards for American cars resolves a long-standing federal-state political arm-wrestle and makes a major contribution to reducing greenhouse gas emissions in
Full story...Finally there is some positive news for the wave power sector. The Obama administration has moved to simplify the complex permitting requirements for wave power farms and the US Department of Energy has earmarked US$40 million
Full story...A strong recovery in coal prices is being forecast, with London equity broker Evolution seeing an imminent end to the current glut. The seasonal winter rise in global coal demand for power generation, it says, should absorb the
Full story...Europe’s new anti-dumping duties have failed to make any impact on imports of US biodiesel as yet. Producers now fear that subsidised deliveries from Argentina, Malaysia and Indonesia could become just as damaging. Producers in
Full story...Uranium prices have hit bottom according to research out from RBC Capital Markets last week. RBC pointed to the recent purchases by Japanese and Korean utilities seeking to secure long-term supplies. “We believe that the uranium
Full story...The downturn in the biofuels industry has claimed another casualty. On April 14th Australia-based Natural Fuel Limited went into administration after it missed an interest payment. The renewable energy company, which owns a
Full story...Coal got a boost in the UK last week. The government announced plans for a new generation of coal-fired power stations, with the proviso that they must capture and bury at least 25 per cent of greenhouse gases immediately, and
Full story...After a number of years trying to find its feet, it seems that ASX-listed Victoria Petroleum is finally hitting its stride. The Perth-headquartered E&P has had its fair share of ups and, more often, downs, from bruising boardroom
Full story...It was an electric week – for cars, that is. The UK and the US both crept a little nearer to popularising them, though not yet catching up with Germany, Denmark, Australia, Israel and China. In the UK, Transport Secretary Jeff
Full story...Carbon trading investor Trading Emissions has produced the goods – a maiden dividend and promise of more to come. The London quoted closed-end investment company is returning some of its cash to shareholders, despite the recent
Full story...Aim-listed Novera Energy, which has a portfolio of land fill gas (LFG), wind power and waste-to-energy assets, is turning its primary focus to wind power. Chief executive David Fitzsimmons believes that in the current financial
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