Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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BJ did well in proposing a fixed date to phase out all coal-fired energy at the recent G7. Shame it didn't work out as planned; the Americans and Japanese (number 1 and 3 in world GDP) wouldn't play ball. Something to do with consumers not prepared to pay for their leader's rhetoric. Pure tokenism as usual. The fuel price escalator in the UK died in 2000. Heat pumps looking increasingly impractical and expensive.
Update on China - it has another 247 gigawatts of coal power in planning or development. "That addition alone is larger than the entire US coal-fired energy capacity and six times that of Germany (Europe's biggest coal producer). Beyond its own territory, Beijing is financing new coal-fired capacity across Asia as part of its Belt and Road initiative. The G7 did agree last week to cease financing any coal projects in the developing world. To which China says: thank you very much - we'll pick up the slack."
In fairness China's CO2 emissions per capita are still half those of America. Meanwhile as another one of the baddies we are now responsible for 1 per cent of emissions.
The article by Dominic Lawson in today's Sunday Times finishes with a much loved sketch from 'Beyond the Fringe': the British do love a futile gesture.
https://www.youtube.com/watch?v=Y5YW4qKOAVM
Hinkley Point is just a replacement for other nuclear power stations that are approaching end of productive life.
Its more of an insurance against running out of generating power in periods of high demand.
So the decision to go ahead with it, had little to do with any future energy policy and more to do with saving politicians skin if the power went off while the nation was cooking their Christmas Turkeys.
In the future, if we are to have an all electric world, nuclear will have a place - especially if Rolls Royce can get their small prefabricated nuclear power stations up and running.
As for hydrogen - we will have to wait and see but small scale investment is justified to prove the technology one way or the other. Heat pumps, to me, are bloody useless.
Back in 2008 EDF told us that if Hinkley Point nuclear power station wasn't up and running by 2017 there'd be no Christmas turkey as there'd be no electricity. The start date is now thoiught to be 2025 but I don't know about you lot but I had turkey last Christmas. This was omitted from the BBC2 programme 'Building Britain's Biggest Nuclear Power Station'. Hopefully it'll be corrected in later episodes. Mind you the paperwork only says that it is just an option on EDF's part as the deal doesn't actually commit it to completing the nuke at all. I'm sure these are just minor details as the extraordinarily high price (guaranteed by the government) is quite an incentive.
Hydrogen hype continues too. We know it has deficiences (cost, energy efficiency, safety) but back to cooking the turkey. In energy terms, the amount of gas used for heating and cooking (tends to be a bit chilly Christmas time) exceeds the total consumption of electricity FOR ALL USES - on cold days. The only outright technology being mooted to replace gas in homes is heat pumps. These come with huge problems for Britain; unfeasible costs being the largest. Private industry is ploughing on with hydrogen as even the government has stopped pouring money into the hole but I'm sure will return if there are votes in it.
There are even some philistines suggesting that hydrogen is a bubble and "Dutch tulip mania" all over again and bitcoin shows more promise. I'm agnostic here because unlike some I don't know what the future holds.
Bit of a fracas buiding in France as a campaign group called 40 Million Motorists https://www.40millionsdautomobilistes.com/
have decided that complying with EU emissions goals is discriminatory and are predicting an uprising. "The traffic restrictions imposed are discriminatory because they will most penalise low-income households." It is against a measure to ban all diesels from 2024 and 70 percent of vehicles from cities by 2025. Yellow vests are being taken out of the cupboard.
Comment on the G7 and climate change revolved around the fact that the rhetoric was more impressive than the substance. For example in the final communiqué the leaders did not set a specific date to phase out the use of coal, merely committing to "rapidly scale up technologies and policies that further further accelerate the transition away from unabated coal capacity."
source: today's Times.
There was plenty of other stuff regarding nuclear and oil. Iraq is going for 11 gigawatts of nuclear because of civil unrest over power cuts. Something to do wth problems getting gas from Iran. The Russians will be the likely providers and Iraq will pay for them by selling oil. I can't see this situation being resolved in the timescale that campaigners love to quote. 2025, 2030, 2050 etc...
Still, the expected breakthrough of unicorn tears acting as a catalyst for hydrogen is showing remarkable promise. I find it amazing that this stuff wasn't brought up at the recent G7 meeting. It's quite worrying that the world has other priorities and climate change may be slipping down the order.
We built it and the steady trickle to mEnQuest is growing fast.
Looks like the ban on gas boilers isn't gonna happen in 2025 because of a shortage of installers, limited domestic manufacturing capacity and a lack of consumer awareness. I count that as three so do I get the match ball for predicting they weren't gonna deliver?
The fact that they typically cost between £6,500 and £8,600 MORE than a new energy efficient gas boiler may have something to do with it but as usual price is treated as an irrelevance when you're saving the planet: source Today's Times.
They also mentioned that plans by UK companies to deliver a hydrogen network could mean that new homes built to the future homes standard would not be able to take advantage of hydrogen or other low-carbon fuels. (EY report)
It isn't all bad news for campaigners though. Humberside police have made considerable savings by converting their police cars to LPG. Naturally there have to be adjustments and catching criminals has suffered to some extent. Uphill car chases tend not to be so successful and the cars, as well as being covered for fire and theft, have additionally required cover for light drizzle. Still, their motto is "it is more important to be green than catch criminals."