
Energy and Environment News
October 29, 2015
Top Stories
Natural Gas. Bloomberg reports that expected warmer temperatures in the next few months will keep average prices of natural gas at their lowest levels since the 1990s, much to the dismay of investors hoping for a bone-chilling winter. Even under normal weather conditions, excess supply is projected to persist, which will particularly hurt producers. Bloomberg
Clean Energy. According to a new report by the Bloomberg New Energy Finance, U.S. clean energy investment increased 25% in the U.S. in Q3, and is now second only to China. Bill Tucker of Forbes attributes this to increased competition in markets like solar, as well as domestic policies that attract investment by providing subsidies. Forbes
Energy Policy. In response to the recent scandal at Volkswagen, European policymakers are planning to begin subjecting cars to on-the-road testing of exhaust emissions, rather than solely relying on laboratory tests. The requirements — which environmentalists contest are not stringent enough — would take effect in September 2017 for newly designed car lines, and by September 2019 for all new cars. NY Times
Oil. The world’s largest oil companies reported sharply lower earnings today, largely due to the discontinuance of projects and ventures that are no longer viable in the new low price environment. Companies are straining to adapt their business models, as oversupply in the U.S., Russia, and Middle East continues to outstrip global demand. WSJ