Tag Archives: E.ON

Energy, Politics

In the Midst of a Global Energy Transition: Canada’s New Pipeline

Someone sent me a Facebook post in which North Island-Powell River MP Aaron Gunn points to a Petro Canada sign advertising gas for $2.09.9 a litre. 

Gunn wrote, “Ridiculous. 4th-largest oil reserves on the planet. $2.09 per litre at the pumps. It’s time to build pipelines, refineries and an energy policy that puts Canada, and Canadians, first!” 

My first response, when I calmed down enough to have a polite response, was ‘does he think a fully operational pipeline is going to drop out of the sky?’ 

So far, no proponents have stepped forward to build the proposed pipeline. Premier Danielle Smith of Alberta recently said there are some Middle Eastern and Asian investors who expressed interest in a minority stake. IF a proponent steps forward and clears all the necessary preliminary steps, it is still going to take years before oil flows through the proposed pipeline. 

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Energy, Finances

Energiewende Will Succeed

Bye Roy L Hales

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American critics of Energiewende regularly announce its approaching  demise.  A hypocritical article in the Wallstreet Journal announced that Germany will spend €1 trillion on its’ renewable energy experiment by 2040, without mentioning that a large portion of that money was for electric grid upgrades that would be needed anyway. Nor did the author disclose the fact an even larger sum (€90 billion a year) would have gone to fossil fuels. Similarly, Forbes mocked Germany’s slight rise in CO2 levels, without mentioning they are already 23% lower than the 1990 benchmark set by the Kyoto Accord. (The author’s country, the US, is still 5% above that target.) Their carping does not explain how Germany became Europe’s powerhouse and the fourth largest economy in the World. Nor does it do justice to the nation the  Renewable Energy Country Attractiveness Index (RECAI) ranks #3 for renewable investments. Energiewende will succeed because it is embraced by the German people.

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Energy, Finances

E.ON will Focus on the New Energy World

Originally Published by Clean Technica

If the stock market’s response is any indication, E.ON has the right idea. Shares are selling at a two year high. A little over two weeks ago the price was €12.948; yesterday’s closing sale was €15.055. On November 30, Germany’s largest utility announced that it will split into two parts. A new company will be formed to take over  conventional energy sources, allowing E.ON to focus on the new energy world.

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Energy, Finances

Developing Germany’s Wind Energy Potential

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Germany has long been one of the world’s leading centers of the wind industry. Thus I welcomed an opportunity to question Esther Frey, renewable energies expert at Germany Trade & Invest (GTAI), about this technology’s effectiveness and future development. GTAI is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. Ms Frey provided some valuable insight into some of the issues involved in developing Germany’s Wind Energy Potential.

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