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22.10.26 - 13:09
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EU Better Hope Global Warming Is Real As NatGas Withdrawals Begin With Dangerously Low Reserves (ZeroHedge)
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EU Better Hope Global Warming Is Real As NatGas Withdrawals Begin With Dangerously Low Reserves
European natural gas futures climbed for a second day as countries began drawing on stockpiles already at exceptionally low seasonal levels.
Brussels is now left hoping that Greta Thunberg's global warming narrative is real to ease pressure on the region's fragile energy balance. Even then, one or two severe cold snaps could accelerate inventory depletion, intensify competition for LNG cargoes and push the energy-stricken continent toward another winter crisis, particularly if disruptions around the Strait of Hormuz continue to constrain LNG supplies.
Gas Infrastructure Europe data showed that EU NatGas inventories declined for the first time this year.
Storage sites are about 74% full, well below the 15-year average for this time of year and, according to Bloomberg data, at the lowest seasonal level in records dating to 2009. Germany's gas storage sites are just 61% full.
Dutch front-month futur...
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21.10.26 - 19:36
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Burnham approves Jackdaw – and Labour′s unity on climate action is imperilled with the stroke of a pen | Zoe Williams (The Guardian)
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This foolish decision undermines hopes that this government will take the necessary steps the climate crisis demands When the news broke that the UK government had approved the Jackdaw gasfield, I was at a Guardian climate event at the Royal Geographical Society. Appropriately, the theme suggested by readers was what can the public actually do in the face of what feels like paralysing climate doom?There is so much going on that is hopeful: biodiversity tracking, river protection, rewilding. Shruti Suresh, from the independent watchdog Global Witness, told those in attendance that if they wanted to effect change, they should protest against Jackdaw and the Rosebank oilfield project. The message was so well understood that it didn't need labouring. The mood in the room when the news came in was one of audible dismay. People had just watched the minister for climate transition declare that she could see the challenges ahead and was ready for them. The Jackdaw announcement will face immediate protest and le...
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21.10.26 - 14:12
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CO2-Handel: EU will Preissprünge für Industrie verhindern (DPA-AFX)
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BRÜSSEL (dpa-AFX) - Um Preissprünge für die Industrie zu vermeiden, will die EU in das Treibhausgas-Handelssystem eingreifen und damit Klimaschutzregeln anfassen. Unterhändler von EU-Staaten und dem Europaparlament einigten sich darauf, eine Reserve für ......
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21.10.26 - 04:00
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Shipping giant Cosco launches new routes to ride out Iran war, climate risks (SCMP)
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China Cosco Shipping Holdings, the country's largest ocean carrier, has prioritised resilience as it rolls out an emergency response system to cope with rising geopolitical conflicts, infrastructure bottlenecks and climate-related disruptions.
The company is launching fresh capacity and new trade routes as part of the plan, as it looks to ensure its supply chains can withstand a mix of potential shocks, according to chairman Wan Min.
“We believe that true resilience is not merely restricted to a......
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21.10.26 - 00:30
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Why have countries been pushing for a vital global climate report to be delayed? (The Guardian)
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Saudi Arabia, Russia and China among those claiming developed countries have skewed findings of IPCC reviewThe Intergovernmental Panel on Climate Change suspended an important meeting on Friday in Addis Ababa without setting out a firm timetable for its next report. The world's governments are due to meet in less than a month for the Cop31 climate summit, and this leaves the future of scientific advice to governments on the climate in doubt. Continue reading......
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