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Lloyd’s insurer Beazley loses cancer battle

first_imgThursday 14 October 2010 9:31 pm Tags: NULL KCS-content Show Comments ▼ LLOYD’S of London insurer Beazley yesterday announced that its co-founder and deputy chairman Andrew Beazley had died aged 57, three years after first being diagnosed with cancer.Beazley was chief executive of the business for 22 years of its 24-year history. The group launched in 1986 and is now one of the largest names in the Lloyd’s market with 720 employees. It floated on the London Stock Exchange in 2002 and is now worth £597m.Andrew Beazley served as a member of the Lloyd’s Market Board from 1994 and 1997, a period when the market was hit by some of the heaviest losses in its history. He was later made a member of the chairman’s strategy group at Lloyd’s, which set in train further reforms including the creation of the Franchise Board in 2003.Beazley Group paid out heavy claims in the wake of the 9/11 terrorist attacks in 2001 and hurricanes Katrina, Rita and Wilma in 2005. In 2004 the company began to underwrite business locally in the US.Nick Furlonge, Beazley’s director of risk management, who co-founded the company with Andrew in 1986, said: “Beazley Group has grown and prospered beyond our wildest dreams, but it has remained a close knit company. Andrew was a close friend and colleague to many of us and his inimitable humour, charisma and style will be remembered by all of us. Our deepest sympathies go out to his wife, Anne, and family.”Andrew Horton, Beazley Group chief executive, said: “The management team and many others at Beazley have known and worked closely with Andrew for years, if not decades. He had a huge zest for life that inspired all of us. We will miss him deeply.”Beazley is survived by his wife and three children. Sharecenter_img whatsapp Lloyd’s insurer Beazley loses cancer battle Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timeslast_img read more

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SolarWorld expects sales rise

first_imgMonday 7 February 2011 7:50 pm KCS-content Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com whatsapp Share SolarWorld expects sales rise center_img whatsapp SolarWorld, Germany’s second-biggest solar company by market value, expects sales to rise this year as it looks outside its shrinking home market, particularly to the US. “In the current environment, giving a sales outlook is tough,” SolarWorld chief executive Frank Asbeck said yesterday, pointing to an expected drop in prices for modules and cells, the solar industry’s main products. The company posted a 2010 operating profit above expectations and proposed a higher dividend, boosting its shares. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

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Spy chief’s vice closes on two TV stations

first_img Follow the news on Ukraine News Receive email alerts Organisation Ukraine escalates “information war” by banning three pro-Kremlin media UkraineEurope – Central Asia Ukraine’s administrative supreme court began yesterday to examine the appeals of privately-owned TV stations TVi and 5 Kanal against the withdrawal of their over-the-air broadcast frequencies and licences. Reporters Without Borders reiterates its support for the two stations. If they are denied of the ability to broadcast, it will be the most dramatic example so far of the new government’s harassment of Ukraine’s media.TVi and 5 Kanal are appealing against an 8 June decision by a Kiev administrative court stripping them of their frequencies in response to a complaint filed by Inter Media Group challenging the National Broadcasting Council’s allocation in January of 33 frequencies to TVi, 26 to 5 Kanal and only 20 to the IMG’s stations. Ukraine’s biggest broadcasting group, IMG is owned by Valeriy Khoroshkovsky, who also happens to head the government’s main domestic spy agency, the SBU, and to be a member of the Judiciary Supreme Council, which appoints and dismisses judges. The concentration of so much power in one man’s hands constitutes a major conflict of interest that threatens media independence and judicial impartiality.The Council of Europe’s parliamentary assembly deplored this situation on 25 November, while the European Parliament, in a resolution the same day, condemned the withdrawal of frequencies from TVi and 5 Kanal and voiced concern that it was the result of a conflict of interests.Journalists from TVi, 5 Kanal and STB sent a joint letter to the Council of Europe, the European Parliament and the Ukrainian president and prime minister on 13 December urging the Ukrainian authorities to heed the resolutions of these European institutions and to relieve Khoroshkovsky of some of his positions.These privately-owned TV stations have been subjected to other forms of harassment. SBU agents began following TVi director-general Mykola Knyazhytsky in June and continued until TVi journalists succeeded in filming an SBU surveillance vehicle outside the station.Oles Doniy, a parliamentarian, is currently trying to get the parliament to set up a special commission to investigate the case, while Knyazhytsky has asked the attorney general to investigate the surveillance to which he and his news editor, Vitaly Portnikov, were subjected .Ukrainska Pravda reporter Mustafa Nayem was meanwhile arrested on 13 December near 5 Kanal’s headquarters. Police escorted him to a nearby police station after ordering him to get out of 5 Kanal journalist Tatyana Danylenko’s car to check his identity papers. They said they arrested him because he seemed from his appearance to be from the Caucasus. After taking his mobile phone, they released him two hours later.Reporters Without Borders condemns the harassment of TVi and 5 Kanal journalists and urges the Ukrainian authorities to heed the resolutions issued by the Council of Europe and European Parliament on 25 November.It is vital that Khoroshkovsky should not longer be in a position to interfere in judicial proceedings or use the secret services to harass rival TV stations and thereby further the interests of his own media group, IMG. Finally, Reporters Without Borders urges the administrative supreme court to take account of all these factors when reaching its decision. News Help by sharing this information News to go furthercenter_img UkraineEurope – Central Asia Crimean journalist “confesses” to spying for Ukraine on Russian TV March 26, 2021 Find out more News December 15, 2010 – Updated on January 20, 2016 Spy chief’s vice closes on two TV stations February 26, 2021 Find out more RSF_en Ukrainian media group harassed by broadcasting authority September 7, 2020 Find out morelast_img read more

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First Quarter Sees Solid Year-Over-Year Revenue Increases for Wells Fargo, Chase

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Both JPMorgan Chase and Wells Fargo reported solid revenues for the first quarter of 2015 compared to the same period last year, according to statements released from the banks on Tuesday.New York-based Chase reported a net revenue of $24.8 billion for the first quarter, an increase of $967 million from Q1 2014, driven by strong performance in the corporate and investment bank, both in markets and investment banking. Also, lower gains in private equity partially offset the increase in fee revenue in asset management and mortgage banking Chase received in Q1. Chase’s net interest income for Q1 was $11 billion, which was relatively unchanged from Q1 2014.Net income was up 12 percent year-over-year for Chase in Q1, driven predominantly by higher revenue, according to the bank. Net income increased by $645 million up to $5.9 billion. Chase’s earnings per share rate was $1.45 for the first quarter.“JPMorgan Chase continues to support consumers, businesses and communities and make a significant positive impact,” Chase CEO Jamie Dimon said. “We have an outstanding franchise which is getting safer and stronger, and is gaining market share over time. We continue to build the company for the long-term, we are investing in controls, infrastructure, systems, technology, new products and bankers. We will continue to navigate challenges and deliver for our clients, shareholders and communities.”San Francisco-based Wells Fargo saw revenues jump by 3 percent in Q1 up to $21.3 billion, while net income declined slightly year-over-year – from $5.9 billion down to $5.8 billion. According to the bank, higher noninterest income was more than offset by the decline in net interest income, which was primarily a result of two fewer days in the quarter.Wells Fargo’s noninterest income for Q1, $10.3 billion, was an increase of $29 million from the previous quarter. The bank received higher income from trading activities, debt security gains, mortgage origination gains, and insurance, which were offset by lower other income, such as from mortgage servicing (which was $108 million for Q1, compared to $235 million for the previous quarter). The mortgage banking noninterest income for Wells Fargo was $1.5 billion in Q1, which was an increase of $32 million from Q4; residential mortgage originations were $49 billion in Q1, an increase of $5 billion from Q4. The diluted earnings per share rate for Wells in Q1 was $1.04.”Our solid first quarter results again reflected the benefit of our diversified business model and the continued focus of our 266,000 team members on serving the needs of consumer and business customers,” Wells Fargo Chairman and CEO John Stumpf said. “We continued to strengthen our customer relationships in the quarter, as reflected in strong growth in deposits and primary checking customers. In addition, our mortgage business was able to serve more customers by refinancing their mortgage loans with lower rates.” About Author: Brian Honea Banks Earnings Statements JPMorgan Chase Wells Fargo 2015-04-14 Brian Honea First Quarter Sees Solid Year-Over-Year Revenue Increases for Wells Fargo, Chase Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Previous: DS News Webcast: Wednesday 04/15/2015 Next: Bill Calling for CFPB Transparency Passes in House by 401 to 2 Vote Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Banks Earnings Statements JPMorgan Chase Wells Fargo Related Articlescenter_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago April 14, 2015 820 Views Home / Daily Dose / First Quarter Sees Solid Year-Over-Year Revenue Increases for Wells Fargo, Chase Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

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Knight Frank opens new Southbank office

first_imgHome » News » Agencies & People » Knight Frank opens new Southbank office previous nextAgencies & PeopleKnight Frank opens new Southbank officeThe Negotiator23rd October 20190570 Views Knight Frank has expanded its residential London network with a new Southbank office, located within the mixed-use development, Southbank Place.The new office, the 32nd local London office for the firm will house a new sales and lettings operation that covers the South Bank local market. Mark Batty leads the lettings team, while Daniel Woods leads the sales team.The new branch will give Knight Frank a presence in one of the largest regeneration schemes in Europe, stretching over 5.25 acres, with over 800 new homes, 48,000 sq.ft of shops, restaurants and bars, as well as 530,000 sq. ft. of office space.It is a new chapter in the story of our London business, providing a sales and lettings service to our clients.Tim Hyatt, Head of London Residential at Knight Frank says, “Following the landmark regeneration of the South Bank with its excellent new commercial, residential and lifestyle offering, it gives us great pleasure to open our 32nd local London office within the iconic, Southbank Place development.“Marking a new chapter in the story of our London business, it will provide a sales and lettings service to our clients locally and around the world and house our new training centre for our teams across the UK.”Gary Hall, Acting Head of Lettings at Knight Frank says, “Rental demand continues to outstrip supply in central London and the new homes at Southbank Place will help to satisfy the increasing interest in luxury riverside property.”Andrew Groocock, Head of City & East Sales at Knight Frank said, “We are delighted to be opening a new branch in this vibrant location, which sits in the middle of the wonderful South Bank regeneration area.“The area is home to a hugely diverse selection of housing stock, which our experienced team are well placed to advise on.”Gary Hall Knight Frank Southbank office Knight Frank residential London network knight frank Andrew Groocock Southbank Place Tim Hyatt October 23, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

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Oriel to hold Coronavirus News solidarity dinner

first_img“The event is intended to bringthe College community togetherto show solidarity with all thoseimpacted. A spokesperson for Oriel Collegesaid: “The College recognises thatthe past few months have beenespecially worrying for some ofour overseas students, particularlythose from China and other regionsin Asia who will be unable to travelhome to see their families duringthe Easter vacation due to concernsover the rapid spread of coronavirus(COVID-19). “In addition to providing practical support by ensuring that affected students have accommodation over the vacation, along with appropriate welfare provisions, the College has organised a formal din- ner to which affected students have been invited to dine as guests of the College. Oriel College is hosting a “solidarity dinner” on the evening of Friday 6th March, intended to act in solidarity with students from countries affected by the coronavirus. They have been invited to the dinner “as guests of the college”. One Oriel student said of the dinner: “We recognise that Oriel means well, but the language used in the first email was really archaic and thoughtless, and has left a number of students worried that Oriel is substituting a nice black-tie formal with wine for actual meaningful help for struggling students.” Another Oriel student echoed these sentiments when they commented: “The formal feels incredibly tone deaf on Oriel’s part, and geared towards boosting formal attendance above anything else. Had the college tried to use the event to raise money for vaccine research, then perhaps it would be more understandable. But right now, to many students, this whole dinner seems misguided.” A further email described the menu for the dinner. It promised “exotic fruits” and “fortune cookies”. In an email announcing the dinner, Domestic Bursar Steven Marshall caused controversy by referring to affected countries as being in the “Far East” and saying that the dinner would feature an “Oriental-themed menu.” “The response to the event hasbeen positive and many of ourstudents and academic staff havesigned up to attend the dinner andshow their support. We are veryproud of the community spirit thathas been shown in response to thischallenging situation.”last_img read more

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Royal approval for pasty investment

first_imgThe Duke of York visited Crantock Bakery in Cornwall last week to unveil a plaque marking the completion of a £1.1m investment in the site.The investment boosts the bakery’s capacity by 40,000 pasties to 120,000 pasties per day. It includes an extended freezing area, the creation of an extra 30 jobs, up from 85, and new machinery, including a £100,000 sausage roll machine from Rondo.HRH Prince Andrew said that the bakery was a “prime example of a successful Cornish business” and wished Crantock “continued success in developing new markets in the UK and abroad”.In the UK, Crantock Bakery’s pasties are mainly sold under The Cornish Oggy Oggy Pasty Company and Cornish Bakehouse brands. There are 30 Oggy Oggy Pasty shops and 20 Cornish Bakehouse outlets across the UK.Overseas sales account for 10% of Crantock’s £9m annual turnover. Products are exported to France, Germany, Portugal, Spain, Gibraltar and Ireland. Spain is the biggest overseas market where it supplies nine retail outlets under The Pasty Shack and Tasty Pastry brands.Of the £1.1m investment, £247,000 came from the European Agricultural Guidance and Guarantee Fund, administered by the Objective One partnership.”Whether you are eating a Crantock pasty in Marazion or Malaga, you are certain of getting a real Cornish pasty,” said Carleen Keeleman, the director of the Objective One partnership.last_img read more

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Notre Dame dining halls to host celebrity chef

first_imgStudents can tantalize their taste buds Tuesday evening as celebrity chef Jet Tila flies in from Los Angeles to serve up a range of Asian favorites, with a special focus on Thai cuisine.Between 5 and 7 p.m. at both dining halls, the “Chef Jet Menu” will be a step up from the usual dining hall fare, with the appearance of dishes such as honey ginger salad; tom yum soup, a Thai spicy and sour soup; drunken noodles and pad thai, according to a Notre Dame Food Services (NDFS) press release.Apart from performing cooking demonstrations at South Dining Hall, which will be video-streamed to screens at both dining halls, the Cordon Bleu graduate and current Food Network chef will present a new signature dish for NDFS. This is all part of NDFS’ “continued improvements and diversification,” the press release said.“Back in the beginning of the spring semester, we started having conversations on a visiting celebrity chef series and being able to bring someone onto campus,” NDFS director Chris Abayasinghe said. “With this week leading into the last day of classes … we thought this was the perfect time to do it.”Fans of Thai food like freshman Matt Williams are excited about the initiative to bring quality and variety to the dining halls.“I think it’s really cool that they’re spicing things up and bringing in new options to the dining hall,” Williams said. “I come to North most of the time, so I feel like there’s more variety here than there is at South, so I feel South in particular could use some spritzing up. But yeah, more options would be good, especially ethnic foods so I can’t complain about that.”Besides satisfying the palates of those familiar with the cuisine, Abayasinghe said he also wants to target those who have had limited or no exposure to Thai food.“Thai food has some strong universal tones — you have certain curry flavors, fresh basil, ginger — a lot of common ingredients you see throughout many cultures’ cuisine,” Abayasinghe said. “When we think about authenticity, which I think is really what the Notre Dame student is keen on … having a premier chef here to train our staff, I think, will go a long way to our students in terms of acceptance and satisfaction for a meal.”According to the Office of Sustainability website, more than 11,000 meals are served daily at the two dining halls. Although the special menu was designed with practicability in mind, Abayasinghe emphasized the attention to detail “down to the specific brand of fish sauce [Tila] wanted.”“We worked closely with Chef Jet and his team to identify menus that would have both a complexity of taste as well as an easily executable menu for the amount of customers we feed every night,” Abayasinghe said.Abayasinghe said the performance could serve as a model for future events.“The menu items that we will feature will also help us gauge student interest and specific items for us to schedule for future menus,” he said. “The quickest gauge is based on how much of one product we make.”In addition to overseeing the preparation and serving of the food, Tila will train staff on the “significant differences” in cooking different cuisines, such as layering spices and timing to balance flavor and texture, Abayasinghe said.“As we think about the Food Network and its universal appeal to people of various age demographics, inviting [the] chef here is both an opportunity for him for that one-on-one contact with our students and also an opportunity for us to focus on cutting-edge culinary techniques,” he said.According to a NDFS press release from January, Notre Dame was ranked ninth in Niche’s 2015 rankings of best campus food, based on a survey of 64,000 students.For those without meal plans, tickets to the Chef Jet event will be available at the dining hall entrances for $16 for adults and $8 for children aged 6 to 12. Children aged 5 and under are free.Tags: Celebrity, Celebrity Chef, Jet Tila, NDFS, Notre Dame Food Services, Thai, Thailandlast_img read more

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New bill to be introduced would make heavy trucks pilot program permanent

first_imgDuring a visit to Champlain Oil Company in South Burlington Monday, U.S. Sen. Patrick Leahy announced that he and U.S. Sen. Susan Collins (R-Maine) this week will introduce a bill making permanent a now-expired federal pilot program allowing heavy trucks to use the Interstate system in Maine and Vermont. Leahy was joined by Vermont legislative leaders, trucking advocates, state officials and business leaders in pointing to the economic, environmental and safety benefits of moving heavy truck traffic from Vermont’s state highway system to Vermont’s Interstate system.‘The higher truck weight standards in surrounding states create problems in Vermont when those trucks have to detour through our small towns on local roads,’ said Leahy. ‘The hodge podge of disjointed rules that has evolved in our region does not work for anyone, especially the communities that have had to absorb the added traffic. By now, neighbors like New York, New Hampshire, Massachusetts and Quebec all have permanent exemptions from federal Interstate weight limits. That means heavier trucks must travel over our smaller roadways, creating traffic and safety concerns and taking a toll on our already overburdened roads and bridges. The Vermont pilot program has proved itself, and it’s time to make it permanent.’Leahy and Collins authored legislation in the 2010 federal transportation budget bill that created a one-year pilot program in Vermont and Maine to study the effects of moving overweight truck traffic off state highways and onto federally funded Interstates. Their pilot program expired in mid-December and was blocked from being renewed in late December when Republican senators derailed a bill that included a measure by Leahy and Collins to extend the program. Current federal law restricts trucks weighing more than 80,000 pounds from regularly using the nation’s Interstate highway system. But portions of the Interstate network in neighboring states allow higher-weight trucks to operate on those Interstates due to special circumstances, from tolling to grandfather clauses. These exceptions, combined with a state law that allows trucks over 80,000 pounds to operate on Vermont’s secondary roadways, have resulted in heavier truck traffic rolling through Vermont on some of the state’s smaller roadways, creating safety concerns and putting pressure on the state’s aging transportation infrastructure.Last year Leahy helped convince President Obama of the merits of the Vermont and Maine pilot programs, and the White House released a statement that supported making the Leahy-Collins programs in Vermont and Maine permanent. The two leading transportation legislators from the Vermont State Legislature, Vermont State Senator Richard Mazza (D-Grand Isle), chairman of the Vermont Senate Transportation Committee, and Representative Pat Brennan (R-Colchester), chairman of the Vermont House Transportation Committee, explained that the Vermont Legislature supports trying to move heavy truck traffic off state highways and onto the Interstate system ‘ and has been considering state efforts to accomplish the goal.Representatives from the Vermont Truck and Bus Association, the Vermont Fuel Dealers Association, the Vermont Petroleum Association, the Vermont League of Cities and Towns, and the Vermont Agency of Transportation ‘ including Vermont Transportation Secretary Brian Searles — made remarks supporting the bill by Leahy and Collins during the announcement on Monday.SOUTH BURLINGTON, Vt. (MONDAY, Jan. 24) ‘# # # # # During a news conference Monday morning, Champlain Oil Company Vice President Bryan Cairns explained that during the Vermont pilot program, Champlain Oil Company saved 43,400 gallons of diesel fuel and traveled 320,000 fewer miles because the pilot program allowed them to deliver more efficiently.last_img read more

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On the Blogs: Coal and Gas Are Cheap. So Are Renewables.

first_img FacebookTwitterLinkedInEmailPrint分享Katherine Tweed for Greentech Media:Coal is cheap and relatively abundant. So is natural gas. We can now say the same for renewables. By 2040, carbon-free electricity will make up 60 percent of installed power capacity worldwide, according to a new analysis from Bloomberg New Energy Finance (BNEF).The demise of coal is largely driven by the slowdown in consumption in China, and to a lesser extent coal’s decline in North America and Europe.Just last year, there were questions about whether coal use in China was actually falling, given the inconsistencies in government data. At the beginning of 2016, new data showed a 4 percent drop in electricity generation from coal-fired power plants in China, according to the Institute for Energy Economics and Financial Analysis.IEEFA now has new data from the Chinese government suggesting a more dramatic decline for coal. Overall coal production is down by 15.5 percent, IEEFA reports.“Electricity demand has decoupled from economic activity,” Tim Buckley, IEEFA’s director of energy finance studies for Australasia, wrote in a blog post. “China is diversifying away from coal faster than anyone expected.”China’s relatively sluggish economy and shift away from manufacturing to a service-sector economy is largely responsible for the decoupling. At the same time, nuclear, solar and wind are up 20 percent year-over-year in China, according to government data.Emerging economies will be responsible for much of the increase in installed renewables in coming years. China is already leading the world in installing solar and wind. China has plans for 30 gigawatts of wind capacity additions this year alone, and expects to add 15 to 20 gigawatts of solar annually for the next five years.In its latest New Energy Outlook, BNEF forecasts that renewables will make up 61 percent of deployment in non-OECD countries, led by China and India.Are We Reaching Peak Fossil Fuel for Power Generation? On the Blogs: Coal and Gas Are Cheap. So Are Renewables.last_img read more