Financial Times Energy News 11th October

Companies warn on carbon fund risk (Page 4)
Support for carbon capture and storage at coal-fired power stations is in doubt under a government spending review in the UK. A scheme set up under the last administration had four plants receiving billions of funding but this may be in doubt. A group of 19 organisations have written in today’s Financial Times to urge the government to retain the support programmes for CCS.
CSR threatens good intentions for carbon capture and storage (Page 12)
Letter to the editor mentioned above from 19 companies, including Siemens and Shell, regarding funding for CCS.
Shell offers new spill system to drill in Alaska (Page 20)
Shell have offered to spend millions building an oil spill containment system for Arctic conditions if the US government permits it to drill offshore Alaska. Shell are five years into a 10 year lease but has been held up by environmental lawsuits and government permit issues.
Statoil in $1.3bn shale deal with Talisman (Page 23)
Statoil have formed a joint venture with Talisman Energy of Canada to buy $1.3bn of shale gas properties, 134,000 acres, in Texas.
Renewables trend clouds EGP float (Page 24)
Europe’s three largest renewable energy generators have delivered mixed performances since they listed, with two of them trading at half their original valuations. This could affect the upcoming float of Enel Green Power, the renewables business of Italy’s Enel.


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