A nearly daily update of energy-related news:
- The French government will move ahead with the United Nations Climate summit later this month despite the attack that occurred in Paris on Friday. The French Foreign Minister stated that there would be reinforced security and that the meeting was an “absolutely necessary step in the battle against climate change…” The terrorist attack on Friday has killed at least 129 people.
- Starting with the November 19 report, The EIA’s Weekly Natural Gas Storage Report will publish the natural gas storage inventories data in five regions as opposed to the three currently reported. This modification comes because of the changes in regional trends of natural gas consumption, production and storage.
- Despite the demand for renewable energy, energy derived from coal is not likely to go away as it is the cheapest way to provide electricity in many parts around the world. An online article in today’s AP states that coal consumption peaked in 2013 and is set to continue declining. However, coal provides more than 40 percent of the world’s electricity, second only to oil at 31 percent.