Is a key valuation metric used by analysts to assess oil companies pushing big oil towards riskier and riskier projects? Those of us outside the financial sector may not be too familiar with acronyms such as RoACE, NAV or RRR. But the last one in particular has been intriguing me lately because of its implications … Read More
clean energy future
Global Climate Fund In, World Bank Out
With only a few days to go in the UN climate talks in Cancún, many questions remain on the outcomes, including on one of the most important issues currently on the table – climate finance. Finance in the context of the climate talks refers to funding for developing countries to address climate needs – financing … Read More
G20: “There’s just no action behind the words”
As G20 leaders prepare to meet later this week in South Korea, they face a daunting in-tray. But amongst the issues they need to address are fossil fuel subsidies. In part they have created a rod for their own back. It was a just over a year ago in September 2009 at the G20 meeting … Read More
Universal energy access stressed at UN
Yesterday, UN Secretary-General Ban Ki-moon stressed the importance of making energy available to the poor as a foundation for combating poverty as world leaders gathered in New York this week at the Millennium Development Goal Summit. At a high-level event yesterday, the Secretary General said that it is lack of political will that is keeping … Read More
Clean tar sands and safe deepwater drilling “more PR than reality.”
The industry’s PR response from Deepwater is shaping up nicely. This is the industry message: We will give you improved safety and you give us resumed drilling. The Gulf of Mexico represents energy security and jobs for the boys to boot. The tar sands of Canada also represent energy security, so if you let us … Read More