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Environmental News Network - Alternative Energy
UK seen giving green light to new nuclear plants (View Original Story)
Source: Posted: 01-02-2008 at 10:00:57
| LONDON (Reuters) - Britain is expected to give the go-ahead to a new generation of nuclear power stations next week, sparking a frenzy of deal-making by nuclear firms as well as a fresh challenge from environmental campaigners.
"I don't think the government has any other option," said analyst David Cunningham at Arbuthnot Securities. "It's a necessary evil." |
India to provide subsidy for solar power plants (View Original Story)
Source: Posted: 01-02-2008 at 10:00:57
| India will subsidize the running of solar power plants to help develop a renewable energy infrastructure, where high costs can be prohibitive, the minister for renewable energy said on Wednesday.
Renewable energy accounts for about 7.5 percent of India's installed generation capacity of 127,673 MW, a rate that compares favorably with much of the rest of the world. |
Oil hits record $100 (View Original Story)
Source: Posted: 01-02-2008 at 02:00:53
| NEW YORK (Reuters) - Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said. U.S. crude gained $4.02 to $100 a barrel by 12:13 p.m. EST. London Brent crude rose $3.63 to $97.48. "It is a combination of things ... a weaker dollar -- on expectations of further interest rate cuts -- and Nigeria," said Nauman Barakat of Macquarie Futures USA. |
MMS to hold oil lease sale in Alaska's Chukchi Sea (View Original Story)
Source: Posted: 01-02-2008 at 07:00:47
| ANCHORAGE, Alaska (Reuters) - The U.S. Minerals Management Service said Wednesday it will offer oil and gas exploration rights next month to 29.7 million acres in the remote Chukchi Sea off northwestern Alaska.
The decision to hold the February 6 lease sale, the first in the Chukchi since 1991, comes days before the U.S. Fish and Wildlife Service will decide whether to list the polar bear as threatened and has drawn fire from environmentalists seeking to limit oil development in the area. |
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