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Kiran Stacey

Many thanks for all your questions for Ian Simm, chief executive of Impax Asset Management. His answers will appear on this site on Friday, January 28th.

Next week, the person in the hotseat will be James Cameron, vice chairman of Climate Change Capital, the investment manager specialising in carbon markets and clean tech companies.

Cameron is also one of the green industry’s most high-profile advocates, and this is your chance to ask him about everything from the carbon price to the success of the Cancun climate talks. He will have just returned from Davos, so can give an insider’s view on all the wheeling, dealing and gossip that happened there.

Email all your questions to energysource@ft.com by the end of Sunday, January 30th.

Sheila McNulty

At Chevron’s last shareholder meeting, five people were arrested. The company has for years now been having a hard time with protestors – particularly about a lawsuit about environmental damage allegedly left in Ecuador by one of the companies it acquired. And certainly the arrests of those who the company says were troublemakers at the meeting must have been a welcome turn of events for Chevron.

Yet it really has not worked out as Chevron might have hoped. There will likely be continued protests at its upcoming shareholder meeting.

Sheila McNulty

The US Environmental Protection Agency unleashed a backlash against ethanol when it waived a limitation on selling gasoline that contains more than 10 per cent ethanol for cars with model years from 2001 through 2006.

The agency had been studying the impact of fuel that contains up to 15 per cent ethanol, known as E15, on older passenger vehicles (including cars, SUVs and light pickup trucks) after already approving its use in newer vehicles.  It announced Friday that testing showed that E15 does not harm emissions control equipment. From Lisa Jackson, EPA administrator:

Whenever sound science and the law support steps to allow more home-grown fuels in America’s vehicles, this administration takes those steps.

FT Energy Source

- Big oil groups expected to spend $128bn – FT

- Seneca urges Dynegy shareholders not to sell to Icahn – WSJ (£)

- Oil price outlook shrouded by economic fog – FT

- Pipeline blast probe finds welding flaws – WSJ (£)

- Leaky Alaska oil line deemed risky since 2008 – Reuters

- Geologists defend carbon storage after leak reports – NYT Green blog

- Oil traders indicted over alleged kickbacks – FT

- Tony Hayward eyes Glencore role – The Telegraph

- BP victim fund is ‘inaccurate and misleading’ – The Telegraph

- Indonesia to sign $15bn deals with China – FT

- Indonesia’s $2.8bn natural gas project gets go-ahead – Argus

- EPA approves more ethanol in gasoline – NY Times

- Greece announces €600m solar project – FT

- UK nuclear generators will face £1bn in accident clean-up costs – The Observer

After stalling because of the global financial crisis, Vietnam’s long-delayed privatisation programme appears to be slowly getting into gear again.

On Friday, Petrolimex, Vietnam’s downstream oil and gas monopoly, revealed in a statement that it was planning to complete its partial share sale, known in Vietnam as “equitisation”, by the end of this year.

This came after the FT broke the news on Monday that Vietnam Airlines, considered by some investors to be one of the country’s best-run state-owned enterprises (SOEs), wanted to complete a partial IPO by the end of 2012.

Sheila McNulty

A group of US investors have filed shareholder resolutions with nine oil and gas companies, pressing them to disclose plans for managing risks associated with the technology being used to extract gas from shale rock.

With the US Environmental Protection Agency investigating the risks; a New York State moratorium on use of the technology; and cases like the one being built against Range Resources in Texas, the resolutions are no surprise.

Kiran Stacey

In this week’s readers’ Q&A session, Magued Eldaief, the head of GE’s UK energy business, answers your questions.

In this post, he discusses subsidies for carbon capture and storage, legislation to curb emissions and the future of smart metering.

Earlier, he answered questions on the future for nuclear power in northern Europe, wind power in the developing world and whether it is better to back small- or large-scale power generation projects.

Next in the hotseat is Iam Simm, chief executive of Impax Asset Management. He will be answering your questions next Friday, January 28th. Send in your questions for consideration by the end of Sunday, January 23rd to energysource@ft.com.

But for now, over to Magued:

Kiran Stacey

In this week’s readers’ Q&A session, Magued Eldaief, the head of GE’s UK energy business, answers your questions.

In the first of two posts, he discusses the future for nuclear power in northern Europe, wind power in the developing world and whether it is better to back small- or large-scale power generation projects.

In the second post, he discusses subsidies for carbon capture and storage, legislation to curb emissions and the future of smart metering.

Next in the hotseat is Iam Simm, chief executive of Impax Asset Management. He will be answering your questions next Friday, January 28th. Send in your questions for consideration by the end of Sunday, January 23rd to energysource@ft.com.

But for now, over to Magued:

FT Energy Source

- Carbon trade cyber-theft hits €30m – FT

- Carbon market to reopen step by step – Reuters

- Petrobras bond sale sparks slump – Bloomberg

- GE to head Obama economic panel – FT/Reuters

- Regulator deals blow to National Grid in US – FT

- Petrol prices rise at fastest rate on record – The Times (£)

- Nigeria oil fund fears hit bond issue – FT

- Nigeria commits to power sector privatisation – Argus

- China invests in Canadian oil-export project – WSJ (£)

- Occidental wins Shah gas fields contract – FT

- US gives loan guarantee for largest solar plant – Reuters

- Gamesa in £40m Scottish investment – FT

- UK steps up plan for European energy ‘supergrid’ – The Telegraph

- Cameron bets on northern recipe for growth – FT

- An affordable way to buy fuel-cell power – NY Times Green blog

- Dubai’s Topaz considers London listing – FT

Kiran Stacey

As is becoming tradition with diplomatic affairs  around the world, the Nordic-Baltic summit hosted by David Cameron over the past few days has brought with it announcements of new commercial deals.

On this occasion, it is the energy expertise of the northern European countries that the UK is keen to tap. Cameron announced on Thursday that both Vatenfall and Vestas will be creating new jobs in Britain.

Vantenfall will set up a new HQ in London, employing 50 people. The Swedish energy producer already runs Thanet, the world’s biggest offshore wind farm, located off the Kent coast, and said on Wednesday it wants to develop another massive farm in the North Sea. A London HQ seems a natural step given this level of investment, and could quickly grow from 50 people.



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ICE BRENT CRUDE Future Front Month C: IEU
As of Jan 24 2011 18:50
96.53 -1.07 -1.1% 99.20
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As of Jan 24 2011 18:43
2.42 -0.04 -1.7% 2.51
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As of Jan 24 2011 18:30
4.63 -0.11 -2.3% 5.85
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2.62 -0.03 -1.3% 2.68
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Your chance to quiz the industry

Energy Source runs a weekly Q&A; session where we put your questions to executives and experts from various sectors in the energy industry.

Ian Simm, CEO of Impax Asset Management, will be facing your questions on Friday, January 28th.

Next up is James Cameron, vice chairman of Climate Change Capital. Email your questions to energysource@ft.com by Sunday, January 30th.

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