Kate Lanier offers selections from global mining, fracking and energy-related news including:
Chile: “Chile is now emerging as the southern hemisphere’s renewable energy giant, particularly in the mining sector.” They’re “building independent solar, solar thermal, wind and geothermal power plants” which are producing power at prices “competitive with or lower” than conventional producers. Chile’s latest renewable power costs are $80/megawatt hour—compared to $95 for coal.
Russia: Rosneft tried to buy “a Morgan Stanley oil-trading firm,” but the deal went poof! thanks to US authorities whose sanctions “have hurt Rosneft’s ability to finance the operations.” Those sanctions also mean ExxonMobil and other Rosneft partners won’t be developing offshore oil in the Arctic.
Texas: Gas flaring at the Eagle Ford Shale “burned off more than 20 billion cubic feet of natural gas,” producing as many tons of pollution in seven months as were produced in all of 2012. Not all the flaring was state permitted, either. The TX Railroad Commission (I know, I know, but they’re in charge of these things) has sent lots and lots of letters to the companies involved, reminding them they shouldn’t flare without permits, but with the price of oil so low, what’s a company to do?