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Court decision may boost biofuels, hit refiners

New York / Reuters – The U.S. government may have to require more biofuels to be blended into the country’s fuel supply after a court ruled on Friday that the mandates must be reconsidered, a decision that boosted renewable fuel credits to seven-month highs on financial markets. The decision sank stock prices of independent refiners […] Read more

Rail cars arrive at Glencore’s Puerto Prodeco coal depository in Colombia. (Glencore.com)

Glencore sees renewables not cost competitive until mid-century

London | Reuters — Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organizations forecast and supporting the mining and trading giant’s case for continued investment in coal. Glencore, whose non-mining holdings include Canadian grain handler Viterra, has said coal is still an investment […] Read more

(Photo courtesy Canada Beef Inc.)

Alberta to back new renewable energy capacity

Reuters — The Alberta government said Tuesday it will support the creation of 5,000 megawatts of additional renewable energy capacity by 2030 to help achieve goals laid out in its climate plan last year. Shannon Phillips, Minister of Environment and Parks, said Alberta now has a firm target of 30 per cent of electricity used […] Read more