Energy Update

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New reports detailing big amounts of idle wind and solar plants, and Beijing’s plans for a new EV incentive scheme, reflect wasteful spending under earlier development plans, the result of China’s rush to quickly develop the new energy sectors.

OTTAWA, Sept 9 (Reuters) - Canada on Friday indicated it
would not press the country's energy regulator to remove members
from a three-person panel looking into TransCanada Corp's
proposed Energy East pipeline despite protests over
their actions.

Engineers in Germany are gearing up for pilot-scale testing of a promising new design for marine energy storage. The Stored Energy in the Sea (StEnSEA) project represents a novel pumped storage concept aiming to facilitate large-scale storage of electrical energy that’s cost-competitive with existing solutions.

MILAN, Sept 9 (Reuters) - Asian liquefied natural gas (LNG)
prices edged up on a crop of fresh tenders expected to add to
already brisk demand from Indian and Middle Eastern importers.

TORONTO, Sept 9 (Reuters) - Canada's main stock index
slumped 1 percent on Friday in a broad retreat led by sharp
losses for resource stocks as oil and gold prices fell, with a
North Korean nuclear blast and hawkish talk from a U.S. Federal
Reserve official weighing.

LONDON, Sept 9 (Reuters) - A stagnant world economy littered
with political risks has done little to stop stock markets
hitting new highs. For that, you can thank Tina.

* European Commission expected to publish proposal in
October

I suppose it should come as no surprise that leading members of a do-nothing Congress are encouraging the states to do nothing to plan for the possible eventuality that the Clean Power Plan will be upheld by the courts.

LIBREVILLE, Sept 9 (Reuters) - Gabon opposition leader Jean
Ping on Friday called for an international inquiry into violence
that followed the announcement of presidential election results
in which at least six people were killed.

LONDON, Sept 9 (Reuters) - Britain is set to miss its 2020
European renewable energy targets, a parliamentary committee
report said on Friday, setting a poor example for less wealthy
countries as the world tries to rein in global warming.

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