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Germany Moves to Legalize Fracking – February 16, 2015

Four-year moratorium on shale drills set to be overturned as country initiates process to allow regulated hydraulic fracturing for shale gas

By Arthur Neslen

Germany has proposed a draft law that would allow commercial shale gas fracking at depths of over 3,000 metres, overturning a de facto moratorium that has been in place since the start of the decade.

3D printingPhoto by Justin Wooldford Germany has drafted a law that would overturn a de factor moratorium on shale gas fracking.

A new six-person expert panel would also be empowered to allow fracks at shallower levels.

Shale gas industry groups welcomed the proposal for its potential to crack open the German shale gas market, but it has sparked outrage among environmentalists who… more

by: The Guardian

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US Launches Plan to Halt Decline of Monarch Butterfly – February 10, 2015

$2m to be spent on growing milkweed and other butterfly-friendly plants along main migration routes from Minnesota to Mexico

The Obama administration and conservation groups launched a plan on Monday to halt the death spiral of the monarch butterfly.

The most familiar of American butterflies, known for their extraordinary migration from Mexico through the mid-west to Canada, monarch populations have plummeted 90 percent over the past 20 years.

a cluster of monarch butterflies on a treePhoto by Jill Heemstra Migrating monarchs rest on a tree in Nebraska.The iconic butterfly's population has slumped by 90 percent.

Fewer than 50m butterflies made it to Mexico last winter – a fraction of the population once estimated at 1bn.

Those… more

by: The Guardian

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World’s Biggest Sovereign Wealth Fund Dumps Dozens of Coal Companies – February 6, 2015

Norway’s giant fund removes investments made risky by climate change and other environmental concerns, including coal, oil sands, cement and gold mining

The world’s richest sovereign wealth fund removed 32 coal mining companies from its portfolio in 2014, citing the risk they face from regulatory action on climate change.

smokestacksPhoto by Curt Carnemark/World BankThe country’s $850 billion sovereign wealth fund, GPFG, has published its divestment details in its first report on responsible investing.

Norway’s Government Pension Fund Global (GPFG), worth $850bn and founded on the nation’s oil and gas wealth, revealed a total of 114 companies had been dumped on environmental and climate grounds in its first report on responsible investing, released on Thursday. The companies divested also include tar sands producers, cement… more

by: The Guardian

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Keystone Pipeline: Oil Price Drop Will Worsen Climate Impact, EPA Warns – February 3, 2015

Falling oil prices could mean higher carbon pollution for the controversial pipeline, a finding that gives Obama new cause to reject the project

Falling oil prices have changed the economic viability of the Keystone XL pipeline — and that means the project would result in much higher carbon pollution, the Environmental Protection Agency (EPA) said on Tuesday.

The finding hands President Barak Obama new grounds on which to reject the pipeline, only days after the Senate voted to force approval of the project and as the House Republican leadership moved to a final vote that could send a pipeline bill toward the president’s desk as soon as next week.

Keystone pipline protest in NYCPhoto by Michael FleshmanThe EPA says that the recent drop in oil prices means… more

by: The Guardian

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White House Unveils Plan to Open Atlantic Waters to Offshore Oil Drilling – January 30, 2015

Move to lease large swaths of ocean along east coast and double down in Gulf of Mexico oddly comes in wake of attacks against right for climate change denial

President Barack Obama pivoted from his goal of fighting climate change on Tuesday, setting out a plan to allow the first oil drilling in Atlantic waters off the US east coast but bar companies from some of the pristine waters off the north coast of Alaska.

Offshore Oil Rigphoto by Stephen Conn, on FlickrThe proposals could allow the first oil drilling rigs off the Outer Banks of the Carolinas and other tourist destinations near Virginia and Georgia.

Arriving a week after the president attacked climate deniers in his State of the Union… more

by: The Guardian

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