Pakistan, Barrick gold and the, and Govt of Balochistan have reached agreement on a framework that provides for the reconstitution of the Reko Diq project in the country’s Balochistan province. The project, which was suspended in 2011 due to a dispute over the legality of its licensing process, hosts one of the world’s largest undeveloped open pit copper-gold porphyry deposits.The reconstituted project will be held 50% by Barrick and 50% by Pakistan stakeholders, comprising a 10% free-carried, non-contributing share held by the government of Balochistan, an additional 15% held by…
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Coal Threatens a Comeback as the EU Pulls Away From Russian Oil
THE FATE OF the UK’s West Burton A power station was supposed to be sealed. It is one of only three remaining coal plants in a country committed to phasing out coal completely by 2024. Last March, the plant’s future was bleak. Its owner, the French power company EDF, announced the site would close for good in September 2022. EDF has already shut down two of its four units. But when the UK came under pressure to ditch Russian energy imports in response to the war in Ukraine, officials approached…
Read MoreNo magic tap for Europe to replace Russian gas via Turkey
The build-up of Russian troops on Ukraine’s borders and the subsequent brutal invasion has sent European leaders rushing to find new sources of natural gas to replace at least a significant part of the 155 billion cubic meters of gas that the European Union imported from Russia last year — around 40% of its total consumption. But securing new pipeline gas supplies will not be easy or quick. The simple fact is that there is no “magic tap” that the EU can turn on. So far, much of Brussels’ interest…
Read MoreCould super-sized heat pumps make gas boilers extinct?
The war in Ukraine has forced a rethink of where we get our energy from as Europe tries to wean itself off Russian gas. But could super-sized heat pumps help to heat thousands of homes and businesses? Two huge schemes are about to be switched on in Gateshead and London – and the hope is they could provide a greener and cheaper source of warmth. “Coal mining was massive in the North East,” says Jim Gillon, walking across a building site in Gateshead. “And where we’re standing there are six…
Read MoreUK can eliminate need for Russian gas this year, research shows
The UK could eliminate all need for imports of Russian gas this year through a combination of energy efficiency, expanding renewable power generation and a campaign to help people change their behaviour, research has found. Information campaigns played a strong role in changing people’s behaviour during the Covid-19 pandemic. Many people are unaware of the savings they could make in energy use through small changes that make no difference to their comfort but can cut bills substantially. For instance, turning down thermostats slightly and adjusting the “flow” temperature on condensing…
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