Recent Posts:

The Morning Feedstock

Daniel Englander: May 23, 2008, 12:24 AM
With oil moving past $135 a barrel, several Asian countries have moved to rescind domestic subsidies meant to keep retail prices down. Taiwan, Malaysia, and Indonesia have each announced plans to cut back on increasingly expensive price controls, a move that may be mirrored soon by much larger economies. Oil analyst Peter Gastreich said, "it is probably more affordable for a country like China to subsidise than Indonesia. But if oil prices keep going up, it is simply not in any country's best interest." Beginning June 1 Taiwan will abolish diesel and gas subsidies, followed on July 1 by an increase in the country's electricity rates. Similar moves are in the works for Malaysia,...

In the Beginning there was the Carbon Tax, and it was Good

Daniel Englander: May 22, 2008, 7:43 AM
Evolution, for the 62 percent of us who believe in it, happened incrementally, over millions of years, and involved a few missteps here and there. Grover Norquist is a good example. It is often said progressive policy changes happen in the same way. Yesterday, the Bay Area Quality Management District came out as the nematode of the climate policy world, voting 15-1 in favor of a carbon tax for the nine counties in the Bay Area. The legislation imposes a $0.044 tax per ton of carbon dioxide and will target close to 2,500 Bay Area businesses, if the plan gains approval from the California Air Resources Board. Unsurprisingly, the Bay Area business community is up in arms over the...

The (Late) Morning Feedstock

Daniel Englander: May 22, 2008, 4:08 AM
Evergreen Solar announced yesterday the company has signed two panel supply deals with a combined value of $1 billion. The first deal for the Massachusetts-based company involves a five year, $750 million contract with Germany's Ralos Vertriebs GmbH, while the second agreement was undisclosed. After Massachusetts Governor Deval Patrick practically begged Evergreen Solar to stay in the Commonwealth, handing the company a proxy bonus in the form of the Commonwealth Solar Initiative, Evergreen has largely disappointed. The company posted a net loss of $16.6 million on revenues of $69.9 million. News of the $1 billion deal sent the company's stock up 30 percent in early trading, before...