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Coal gas boom in China holds climate risks

Date:
August 22, 2014
Source:
AP / Powered by NewsLook.com
Summary:
China's energy revolution could do more harm than good for the environment, despite the country's commitment to reducing pollution and curbing its carbon emissions. (Aug. 22) Video provided by AP


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last updated on 2014-12-18 at 3:31 pm EST

Thailand Climate Protection Through Energy Efficiency

Thailand Climate Protection Through Energy Efficiency

Deutsche Welle (Mar. 13, 2012) — Thailand needs ever more energy for its industry. It already imports up to 10 percent of its electricity. The growth of industry is bringing a sharp rise in greenhouse gas emissions. Now a German-Thai project funded by the International Climate Protection Initiative is working for a more efficient use of energy, thereby contributing to climate protection.The Thai government has a long-term goal of "Low-Carbon Industry". It is collaborating with Germany in the umbrella organization "Energy Efficiency for Small and Medium Enterprises" on several pilot energy-efficiency projects in small and mid-sized companies. The Environment Ministry holds consultations regularly. The aim is to cooperate with German experts and develop an "Energy Use and Climate Protection Plan" for Thailand's economy.
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Coal Rush Ravages Borneo

Coal Rush Ravages Borneo

AFP (Dec. 4, 2013) — A coal rush that has drawn international miners to East Kalimantan province has ravaged the capital, Samarinda, which risks becoming one giant coal pit if mining expands any further.
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Possible Natural Gas Squeeze in Europe Won't Hurt U.S. Prices

Possible Natural Gas Squeeze in Europe Won't Hurt U.S. Prices

TheStreet (May 14, 2014) — While threats by Russia's Gazprom -- a majority state-controlled natural gas extractor -- to cut gas deliveries to Ukraine rise, American investors should know such action won't hurt prices in the United States. GFI Group senior energy derivative trader Elliot Warren tells TheStreet's Joe Deaux that traders aren't worried about U.S. prices because we can't export natural gas abroad and we can't make up for a European supply problem. Warren, speaking about the recent trade in natural gas, says prices have dipped back down to $4 after spiking during the winter. Warren says natural gas inventories will build during the summer, which will suppress price increases. Video provided by TheStreet
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Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

Gas Natural Sale Sidelined Until CEO Lawsuit Resolved

TheStreet (July 11, 2014) — Gas Natural, the Ohio-based company mired in scandal, was recently talking to prospective buyers about a sale, but talks came to a screeching halt when former CEO Richard Osborne filed a lawsuit against the company. The scandal started back in November when Ohio regulators ordered an investigation into Gas Natural. In May, the company announced that Osborne would be retiring and his son would take the reins. Late last month, Osborne Senior struck back, filing a lawsuit against the company. The suit has forced Gas Natural to put the sale on the back burner, but sources say that as soon as the matter is settled, the company will once again be on the prowl for a buyer. Even with the controversy surrounding the company, there will be no shortage of buyers as there is an intense level of interest in the gas local distribution space. Similar companies that have recently traded hands have fetched rich ebitda multiples of 10.5 times. With about $20 million in ebitda last year, Gas Natural could easily fetch north of $200 million in a sale. Video provided by TheStreet
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