Busting The Myth Of A ‘Green Europe’

 

For much of the world, Europe seems like the poster child for responsible renewable energy policies. Unlike the U.S., which is embracing shale oil and natural gas, Europe has made little progress in developing alternative fossil fuel supplies. Part of that is due to geography, but part of it is surely due to the high level of concern for the environment as well.

While China and India continue to suffer from substantial pollution issues, Europe is for the most part a green-continent and one that is constantly pushing the envelope with environmental policies like its emissions trading system. At least that is the perception.

China in $5 bn drive to develop disputed East China Sea gas

These Chinese ‘geologists’ could also very likely be understating the true significance and size of the deposits. The state-run oil companies do the bidding of the CCP. Today’s CCP is still rooted in ancient Chinese history and follows the philosophy of Sun Tzu, therefore appearing weak when strong, and applying this method to any given situation. The territory dispute is another story. However, in hindsight, the Chinese wouldn’t be trying so hard to acquire this field given the fact that the deposit size will only contribute a fraction of the gas output they need.

BEIJING: Chinese state-run oil companies hope to develop seven new gas fields in the East China Sea, possibly siphoning gas from the seabed beneath waters claimed by Japan, a move that could further inflame tensions with Tokyo over the disputed area.

Beijing had slowed exploration in the energy-rich East China Sea, one of Asia’s biggest security risks due to competing territorial claims, but is now rapidly expanding its hunt for gas, a cheaper and cleaner energy to coal and oil imports.

Chinese billionaire to scoop up failing car battery maker that got $240M from feds

A struggling Massachusetts-based company that makes batteries for electric cars and got $240 million in stimulus money is being saved from bankruptcy by a Chinese billionaire who could move operations overseas.

A123 Systems received a $241.1-million grant from the Obama administration three years ago and more than $125 million in State of Michigan tax credits in the hopes that the company would create jobs, while leading the country away from conventional gas-guzzling vehicles and toward clean energy.