Petrochemicals

Image: Chinese workers level coal to be used for generating electricity on a freight train at a railway station in Jiujiang city on June 16, 2014. Imaginechina via AP Images

america.aljazeera.com - August 5th, 2014

China has announced plans to ban the use of coal in its smog-plagued capital by the end of 2020, as the country fights deadly levels of pollution, especially in major cities.

Beijing's Municipal Environmental Protection Bureau posted the plan on its website on Monday, saying the city would instead prioritize electricity and natural gas for heating.

The Chinese central government recently listed environmental protection as one of the top criteria by which leaders will be judged.

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The Puerto Rico Electric Power Authority must repay $146 million over the next two months for a credit line used to buy oil to generate electricity.  Credit Dennis M. Rivera-Pichardo for The New York Times

dealbook.nytimes.com - by Michael Corkery - July 1, 2014

Puerto Rico’s electrical utility is running out of money and time to negotiate a deal with its lenders, part of a broad reckoning for an island that relies on Wall Street to finance some of its most basic functions.

The Puerto Rico Electric Power Authority must repay $146 million to Citigroup over the next two months for a credit line used to buy oil to generate electricity. It is also uncertain whether the authority will be able to renew a $550 million credit line from Scotiabank for fuel purchases, people briefed on the matter said.

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submitted by Margery Schab

Standing guard at Iraq’s Al-Basra Oil Terminal. Iraq has re-emerged as a critical source of oil in recent years.
Credit Nabil Al-Jurani/Associated Press

nytimes.com - by Clifford Krauss - June 13, 2014

After a long history of wars and sanctions, Iraq re-emerged as a critical source of oil in recent years. Mounting Iraqi production helped to ease world oil prices despite the tightening restrictions on Iran and tanking exports from Libya. And Western and Chinese oil companies rushed back, revitalizing long-neglected oil fields in the north and south.

Now suddenly all that progress has been put in jeopardy with the intense military offensive by extremist insurgents.

Pipelines carrying steam to wellheads and heavy oil back in Alberta, Canada Todd Korol/Reuters

newsweek.com - by Zoe Schlanger - June 2, 2014

Just weeks after President Obama made on-air appearances with meteorologists explicitly to address climate change, a journalist learned that in Canada, official policy dictates that government-employed meteorologists aren’t supposed to talk about climate change at all.

Government scientists “speak to their area of expertise,” a government spokesman recently wrote to journalist Mike DeSouza defending the policy. . . Questions about climate change or long-term trends would be directed to a climatologist or other applicable authority.”

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