Tuesday, 22 June 2010
oil leak closer to home
"The Environment Agency have been called to Southampton to investigate a leak in a pipeline controlled by American oil giants Exxon (Esso to Brits). It is believed this Yankee oil could be seeping into the English channel. Will the coalition now embark on a sustained trashing of Exxon’s share price? Guido can’t quite see Dave going round demanding to know “whose ass to kick”.
UPDATE : Exxon have got in touch:
In view of your latest blog and comment that oil could be seeping into the English channel, please find attached a statement from Esso on the spill last night at Fawley marine terminal. The amount of oil released is estimated at 20 barrels.
Statement 5 – Oil Spill at Fawley Marine Terminal
Monday 21 June 2010
We can confirm that at 9.20 pm on Sunday 20 June there was a release of oil from a pipeline at the company’s Marine Terminal at Fawley.
The incident happened whilst a ship was being unloaded. The offloading was immediately stopped and the pipeline valve closed. We are collecting
any residual oil from the leak site until the pipe can be drained completely. The amount of oil released is estimated at 20 barrels.We immediately deployed our local oil spill response procedures and informed the Harbour Master and the relevant environmental agencies."
Wednesday, 2 June 2010
Visualizing the BP Oil Disaster
Friday, 28 May 2010
the price of good beaches
South West Water's pre-tax profits have risen by almost 9% over the past 12 months.
Profits went up by 8.7% to £132.5m.
A quick wild under-guesstimate.
4,000 CSOs each releasing 100,000 litres each stormy day (I imagine it's a lot more given that an Olympic pool holds 2.5 million litres), and guess that there are a minimum of 30 stormy days a year? Equals a rough 12,000,000,000 litres. Or a little over a European billion.
Even if you wildly under-guesstimate the amount of merdre being released by the CSO's around the coast, it adds up to a frightening amount of crap that really has no business being there at all and a huge saving to the companies' shareholders.
What to do? Simples as the meercat would say. Install flow metres on every CSO and charge the responsible company per litre that is released. Fair discounts will apply for the ratio of water to poo, but a base of 50p per litre would make the companies move pretty quickly I'd imagine (£6 billion by my spurious maths).
Reasons why not? None I can see.
Monday, 17 May 2010
Chris Huhne
"At the risk of sounding like a mini Alan Sugar, what the Department of Energy and Climate Change needs now is to get business savvy.
We've had just about all the bureaucracy we can stand with the likes, as worthy as they are, of the Carbon Trust's carbon labelling schemes and the Carbon Reduction Commitment. To keep DECC relevant, what we need now is an effective green investment bank to hand out smart loans swiftly to support projects for renewable energy and energy efficiency.
We also need government to help businesses, especially in the engineering and manufacturing sectors, to save energy and innovate with clean tech products via small loans and tax rebates. In addition, companies investing in renewable energy production need clarification on the Renewable Obligation Certificate subsidy system quickly.
The arrival of Chris Huhne as energy minister at DECC is a good sign. He is aware of the investment needs of cleantech and, after his stint in the City as vice chair of ratings agency Fitch, he'll know how business and investors work, and hopefully how the department can work with them.
Unsurprisingly, RenewableUK has told me it is "delighted by the proposal of the coalition government to increase renewable energy targets". But Richard Gledhill, global leader of climate change and carbon market services at PwC, took a more reserved stance, explaining: "Chris Huhne… has got to keep the lights on and to keep energy affordable, at a time when public expenditure is going to be under huge pressure."
We will no doubt see an upward trend to energy prices as a result of various climate change levies, and DECC will have to be fair and transparent about how the money will be raised and where it is going.
There is also a need to deal with EU carbon pricing realistically. If the carbon price is to be useful to compliant businesses it needs to be more stable and to rise predictably; but that's a matter to be dealt with at the European level, and will take time. Part of this shift may involve supporting a 30% reduction in EU emissions by 2020, to lower the emissions cap.
His experience in the investment community will make Huhne more likely than most to spot the wise bets in clean energy. His more challenging task may be in overcoming the political obstacles along his way."
The guardian sustainable business section also reports here on more from Chris and the new green government...



