Markets reel as oil major opts to downgrade itself

Believe it or not….

16 June, – It’s all change as one oil major writes down its assets, seeing a possible 30-year slump ahead in global demand.
— Read on climatenewsnetwork.net/markets-reel-as-oil-major-opts-to-downgrade-itself/

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Delaying Energy Market Reform to Increase Costs, Slow Transition to Renewables:

Delaying Energy Market Reform to Increase Costs, Slow Transition to Renewables: Think Tank, Industry Leaders | The Australia Institute
— Read on www.tai.org.au/content/delaying-energy-market-reform-increase-costs-slow-transition-renewables-think-tank-industry

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Taylor allows jet fuel conversion to diesel, as oil offered lifeline and EVs ignored

Taylor allows refiners to convert excess jet fuel into diesel for vehicles as part of a broader oil industry package that once again ignores electric vehicles.

Australia was singled out for criticism from the International Energy Agency for allowing its fuel stocks to fall well below the 90-day minimum standard for IEA members.(standard established 1972, never complied with by Australia)
— Read on reneweconomy.com.au/taylor-allows-jet-fuel-to-be-converted-to-diesel-as-oil-offered-lifeline-and-evs-ignored-85945/

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Star of the South captures imagination in Latrobe Valley

Now that the licence has finally been approved, the Latrobe Valley has the chance to grasp the big economic opportunities on the horizon.

With Australia’s first offshore windfarm Star of the South capturing the community’s imagination, Yes 2 Renewables made a trip to the Latrobe Valley last week to get an update about the proposal and hear what people in the region think. At a Renewable Energy Network meeting hosted by the Gippsland Climate Change Network (GCCN), Star…
— Read on yes2renewables.org/2019/04/05/star-of-the-south-captures-imagination-in-latrobe-valley/

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One Quick Trick for Curbing the Fossil Fuel Industry’s Political Influence | Nationalise them

Its dual mandate—maintaining price stability and full employment—tasks it with addressing systemic risks to the economy. As a threat that could upend human civilization and cost trillions, climate change should qualify as one of those risks.
— Read on newrepublic.com/article/158167/one-quick-trick-curbing-fossil-fuel-industrys-political-influence

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Clever graphic warmest ever May

twitter.com/nickaberle/status/1272008697154134016

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Australia cannot expect China to import and burn coal it no longer needs | Coal | The Guardian

We have to prepare for this shift and our policymakers need to stop misleading coalmining communities that their exports will go on forever
— Read on amp.theguardian.com/commentisfree/2020/jun/11/australia-cannot-expect-china-to-import-and-burn-coal-it-no-longer-needs

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Millions of species face extinction emergency | Climate News Network

8 June, 2020 – An extinction emergency unparalleled in the history of life on Earth could soon overtake millions of species – thanks to us.
— Read on climatenewsnetwork.net/millions-of-species-face-extinction-emergency/

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‘For climate protesters, we are like filth’: the German village where coal is still king |The Guardian

Europe is going coal-free, but a vast lignite mine is expanding in eastern Germany and coronavirus has delayed new climate laws
— Read on www.theguardian.com/world/ng-interactive/2020/jun/01/climate-protesters-german-village-coal-still-king

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3 bn people may face Saharan heat levels by 2070 | Climate News Network

3 June, 2020 – For three billion people or more, heat levels could prove almost impossible for human civilisation – in half a century.
— Read on climatenewsnetwork.net/3-bn-people-may-face-saharan-heat-levels-by-2070/

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