The Vancouver Sun reported that Calvin Quek, head of Greenpeace East Asia’s Sustainable Finance Program, believes that building terminals aimed at shipping more coal to East Asia — such as the planned Fraser Surrey Docks expansion — could be a waste of time and money due to new caps on coal usage in China.
Articles Tagged "Asia"
Wood Mackenzie believes that by 2020, coal will take oil's place as the most dominant source of fuel in the world.
The Wall Street Journal reported that coal's low cost will allow its use in most Asian countries to grow for years — or even decades — as governments ignore pollution concerns and order new coal-fired power stations.
The Province reported that Matt Mead, Governor of Wyoming, is visiting Vancouver to see if it will be possible to export more coal from his state to Asia through ports in the city. Currently, Wyoming exports only around 1 percent of its coal through Port Metro Vancouver.
CBC News reported that Dr. Paul Van Buynder, chief medical officer at the Fraser Health Authority, has called for an assessment of the health risks associated with the plan to build a coal terminal at Fraser Surrey Docks. The plan would see 4 million metric tons of coal from Montana and Wyoming transported down the Fraser River to Texada Island and then to Asia.
News1130 reported that at a Thursday night meeting, New Westminster, BC residents expressed concerned about a project that would see tonnes of coal transported down the Fraser River on barges before being shipped to Asia.
As natural gas prices in Asia continue to rise, more investors are shifting their attention to coalbed methane, a commodity with characteristics similar to conventional natural gas.
Woodside Petroleum Ltd.’s purchase of a stake in Israel’s biggest natural gas deposit takes Asia-Pacific oil and gas acquisitions to a record US$99 billion this year, on par with the US for the first time.
Benchmark U.S. crude-oil futures climbed on Friday, rebounding from losses seen in Asia, as the commodity looked to squeak through the month of November with a small gain.
Canada should build oil and gas links to Asia as the government reviews Cnooc Ltd. (883)’s bid for Nexen Inc. (NXY), said Jim Prentice, vice chairman of Canadian Imperial Bank of Commerce and an ex-industry minister. As quoted in market news: Canada is right now aggressively engaged in diversifying its energy markets with an eye to Asia. Saying [...]