Energy Update
A reader writes: I’d hoped that the biofuels crowd would have gotten beyond ethanol by now. The industry has made progress creating all kinds of specialty chemicals from renewable sources and more or less successfully brought them to market. There’s jet and diesel in commercial use whether or not they’re yet profitable.
JOHANNESBURG, Aug 29 (Reuters) - South Africa's Eskom denied
on Monday that it was blocking a Treasury investigation into
coal contracts with Tegeta Exploration & Resources Ltd., a firm
controlled by the Gupta family.
BAGHDAD, Aug 29 (Reuters) - Iraq has put out fires at four
oil wells in the oil-producing region of Qayyara which Iraqi
forces recaptured from Islamic State last week, the oil ministry
said on Monday.
JUBA, Aug 29 (Reuters) - South Sudan's government wants $300
million in aid and loans to support its next budget, as it seeks
to stabilise the country which has been scarred by civil
conflict since achieving independence in 2011.
MILAN, Aug 29 (Reuters) - European shares were down slightly
in opening deals on Monday with Stada among the
leading losers after shares in the German drugmaker went
ex-dividend, but Alstom soared after a contract win.
LAUNCESTON, Australia, Aug 29 (Reuters) - There is little
doubt that China's surging exports of refined fuels have cut
profit margins for Asia's refiners, but the pain is unlikely to
be shared equally across all the region's exporters of oil
products.
The system devised to force compliance with the US Renewable Fuel Standard appears to be backfiring, forcing refiners to spend more on buying increasingly expensive credits than actually blending renewables into the nation’s transportation fuel.
(Mon, 29 Aug 2016) The District of Columbia (DC) increased and extended its renewable portfolio standard (RPS) target from 20% by 2020 to 50% by 2032. The target includes a separate solar-specific target of 5% by 2032, an increase and extension from 2.5% by 2023.
It’s not sexy. But it can make you warmer. It can even make you cooler. On-bill financing provides loans for energy efficiency improvements through the local utility company.
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