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May 16 Green Energy News

Headline News:

  • Over 1400 oil and gas platforms in the North Sea might eventually be used to fight the problem they helped to create: unsustainable energy generation. Both fossil fuels and renewable companies are working on a system design that could make the platforms part of the energy revolution as hydrogen production and storage facilities. [CleanTechnica]
North sea oil platform (Image: Berardo62, some rights reserved)

North sea oil platform (Image: Berardo62, some rights reserved)

  • With oil markets flagging, the world’s two biggest oil exporters, Saudi Arabia and Russia, agreed to extend production cuts for several months, sending the price of crude soaring. Inventories had piled up and crimped the potential for demand. Prices had dipped below $44 a barrel this month, their lowest level in more than a year. [New York Times]
  • Global solar investment is to be higher than coal, gas and nuclear combined in 2017, according to a report from Frost & Sullivan. Global Power Industry Outlook, 2017 examines power market trends, installed capacity, investment, and regional growth across coal-fired, gas-fired, nuclear, hydro, solar PV, wind, and biomass. [Your Renewable News]
  • Thanks to strong government support, India has moved up to the second spot in the “Renewable energy country attractiveness index” 2017, according to a report released by Ernst & Young. The report released globally stated that China and India have surpassed the US, which has fallen to third place on Trump administration policy. [Livemint]
  • A tentative lease extension will keep the 43-year-old Navajo Generating Station open through the end of 2019, instead of beginning a shutdown as early as this summer, Navajo Nation President Russell Begaye said at a public hearing Monday in Phoenix. The plant is one of the American West’s biggest electric generators – and polluters. [NBCNews.com]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

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