Frack On! British Anti-Fracking Campaigners Lose High Court Battle

via The Global Warming Policy Forum (GWPF)
http://www.thegwpf.com

Shale company Cuadrilla originally made an application to drill up to four wells at Preston New Road.

The plan was supported by Lancashire County Council officials but turned down by the planning committee.

But following a public inquiry, the planning inspector recommended the scheme.

Environmentalists and local campaign groups reacted angrily to the decision, which they said went against the wishes of residents.

Full story

via The Global Warming Policy Forum (GWPF) http://www.thegwpf.com

April 11, 2017 at 09:25PM

Boom & Bust: Global Green Energy Investment Drops Nearly 20% Since 2016

via The Global Warming Policy Forum (GWPF)
http://www.thegwpf.com

Clean energy investment totaled $53.6 billion worldwide in the first quarter of this year, down 17% from Q1 2016 but only 7% down from the final quarter of last year. The data show a mix of strong and weak features in Q1 2017.

New Investment in Clean Energy by Region, Q1 2014 – Q1 2017 ($BN)

This report covers an overview of annual clean energy investment, quarterly trends in new investments and funds in circulation, clean energy indexes and renewable energy capacity investment.

Read the press release here.

via The Global Warming Policy Forum (GWPF) http://www.thegwpf.com

April 11, 2017 at 09:25PM

Tesla Is The Most Valuable US Carmaker Because Of Hype, Not Results

via The Global Warming Policy Forum (GWPF)
http://www.thegwpf.com

This week, Tesla passed Ford and General Motors in market capitalization to become the most valuable American carmaker. Tesla’s stock price is on a tear, up nearly 42 percent since the beginning of the year to more than $300 per share, and the company is currently valued around $53 billion.

Tesla is still well behind huge foreign automakers like Daimler and Toyota, but the news of upstart Tesla (which also is making significant investments in non-automotive spaces like solar panels and energy storage) moving past 100-year-old brands like Ford and GM is getting a lot of attention.

The question of why Tesla, which lost $675 million on $7 billion in revenue last year, is worth more than GM (with 2016 revenue of $166.4 billion and net income of $9.43 billion) and Ford (with 2016 sales of $151.8 billion and net income of $4.6 billion) is a complicated one. Elon Musk has told a story of hope around Tesla, convincing many investors that it will change the world and create massive profits down the road.

Still, Tesla investors see promise, especially if they value growth over profit. Over the past four years, the electric car firm has more than tripled its sales, while revenue at both Ford and GM have been largely flat over the same period.

“Elon has managed to tell a compelling story in how he’s positioned Tesla,” said Karl Brauer, executive publisher at Kelley Blue Book. “Between the Gigafactory, the solar panel company, and the autonomous technology embedded in every Model S and Model X being produced, Elon can claim to be ahead of traditional automakers on the road to self-driving cars powered by renewable energy.”

The idea, it seems, is that Tesla will eventually make lots of money by selling electric (and self-driving) cars and solar panels, as well as standalone energy storage to residential, commercial, and industrial users. All of these could make Tesla lots of money — though it’s not happening yet.

One report suggests that traditional automakers like GM, Ford, Daimler, and BMW remain ahead of upstart Silicon Valley firms like Waymo, Uber, and Tesla when it comes to self-driving tech — but investors don’t appear to care.

Full post

via The Global Warming Policy Forum (GWPF) http://www.thegwpf.com

April 11, 2017 at 09:25PM

Aboriginal Leader, Warren Mundine Demands End to the Madness: Australia’s Renewable Policy Punishing the Poorest & Most Vulnerable

via STOP THESE THINGS
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A few weeks back we reported on a very timely call by an Australian Aboriginal leader, Warren Mundine for Australians to grow up and go Nuclear. Warren isn’t about to let up. Clearly worried about the miserable future being laid out for the poorest and most vulnerable Australians, Warren is, quite rightly, demanding an end […]

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April 11, 2017 at 07:31PM