With oil prices over US$100/barrel, China’s independent refineries are understandably balking at supplying at a loss. The government is forcing independent suppliers to take the brunt of the massive inflation affecting the country, causing shortages to even Shanghai and Beijing.
Click to read the full story
Archive for the ‘China’ Category
China Fuel Shortages Spreading
Posted in China, Diesel, Oil, Transportation on March 24, 2008 | Leave a Comment »
China Goes Climate Cool
Posted in Air Pollution, Carbon Credits, China, Clean Energy, Cleantech venture capital, Climate Change, Conservation, Emissions Reduction, Energy Efficiency, Hydro, Legislation, Renewable Energy, Solar, Solar Thermal, U.S., Wind on March 3, 2008 | Leave a Comment »
Spring 2008 (YES! Magazine, Anna Fahey) – Last summer, Chinese President Hu Jintao toured the country in short sleeves to show that his countrymen could turn their air conditioners down. In China, conservation is “in.” Fashions do change.
Global warming denial is out of vogue. Unfortunately, though, the climate change do-nothing set is sporting a new [...]
China’s Topraysolar shares surge fivefold in debut
Posted in China, Clean Energy, Cleantech venture capital, Solar on March 3, 2008 | Leave a Comment »
February 28, 2008 (Reuters) – Shares in Shenzhen Topraysolar Co, a maker of solar power cells, jumped nearly fivefold when they began trading on Thursday, riding a wave of investor interest in China’s clean energy companies.
Topraysolar, the country’s first specialist maker of solar cells to list domestically, closed at 51.62 yuan on the Shenzhen Stock [...]
China’s construction industry getting greener
Posted in China, Clean Energy, Cleantech venture capital, Energy Efficiency, Geothermal, Green Building on February 27, 2008 | 1 Comment »
February 26, 2008 (Xinhua) – China’s green construction system, with a market value estimated at 1.5 trillion yuan (US$208 billion), is growing through energy-efficient projects, the Ministry of Construction said here on Tuesday. Qiu Baoxing, deputy head of the ministry, said the construction area involved had increased by 2 billion square meters [...]
Asia’s tigers eye nuclear future
Posted in ADB, Australia, China, Clean Energy, Hydro, India, Indonesia, Japan, Korea, Legislation, Malaysia, Myanmar, New Zealand, Nuclear, Philippines, Singapore, Solar, Thailand, Vietnam on February 15, 2008 | 1 Comment »
February 15, 2008 (Asia Times) – The 2005-07 spike in petroleum prices topping out at US$100 a barrel has prodded economic planners across the globe to reconsider their energy options in an age of growing concern over global warming and carbon emissions. The Southeast Asian economies, beneficiaries of an oil and gas export bonanza through [...]
China’s Angang to sell $218 mln of carbon credits
Posted in Carbon Credits, China, Clean Energy, Climate Change on February 11, 2008 | Leave a Comment »
February 11, 2008 (Reuters) – Anshan Iron and Steel Group, the parent of China’s third-biggest steel firm Angang Steel Co. Ltd., will sell $218 million of greenhouse gas credits to two international carbon credit investors, China’s Xinhua news agency said on Saturday. The company, based in northeast China, said it would sell 13 million tons [...]
3-Pronged Profits from China’s Worst Winter
Posted in Australia, China, Clean Energy, Cleantech venture capital, Climate Change, Coal, Renewable Energy, Solar, U.S. on February 11, 2008 | Leave a Comment »
February 10, 2008 (Seeking Alpha) – It was the worst winter in half a century in the Middle Kingdom, throwing China into a coal energy crisis and giving us several ways to play China’s power problems.
You probably saw the unbelievable photos like this one:
Those are some of the hundreds of thousands of travelers stuck at [...]
China’s COSL signs deal with Philippine National Oil Corporation
Posted in China, Clean Energy, Geothermal, Philippines on January 30, 2008 | 1 Comment »
January 19, 2008 (Xinhua) – China Oilfield Service Limited (2883: HK) has signed its first overseas directional geothermal well service contract with the Philippine National Oil Corporation (PNOC). Under the two-year contract, COSL will provide engineering and technological services to 34 PNOC directional geothermal wells, according to company sources.
The contract is worth millions of U.S. [...]
Credit Suisse and Deutsche Bank raise US$130 million for ReneSola (SOL)
Posted in China, Clean Energy, Cleantech venture capital, Renewable Energy, Solar, U.S. on January 30, 2008 | Leave a Comment »
January 29, 2008 (MarketWatch) – ReneSola, the China manufacturer of silicon wafers for solar power cells, priced its U.S. stock offering at a discount Tuesday and the shares rose in the open market. The company debuted in the U.S. in the wake of recent weakness in alternative-energy shares.
ReneSola offered 10 million American depositary shares [...]
Letter from Shell CEO
Posted in Biodiesel, Carbon Offset, China, Clean Energy, Cleantech venture capital, Climate Change, Coal, Conservation, Diesel, EU, Emissions Reduction, Energy Efficiency, GHG, Green chemicals, Hybrid, Hydro, LNG, Legislation, Ocean/Tidal, Recycling, Renewable Energy, Solar, Traditional Energy, U.K., U.S. on January 29, 2008 | 4 Comments »
From: Jeroen van der Veer, Chief Executive
To: All Shell employees
Date: 22 January 2008 Subject: Shell Energy Scenarios
Dear Colleagues
In this letter, I’d like to share reflections about how we see the energy future, and our preferred route to meeting the world’s energy needs. Industry, governments and energy users – that is, all of [...]
