As of September 1, 2012, a new law prohibits the sale of incandescent light bulbs in the European Union. They are considered wasteful as they convert only 5% to 10% of the energy they use into light. The rest goes into heat. The European Union decided to ban them in 2009 and the last incandescent bulbs are expected to disappear from shelves this month.

Brazil’s state-owned energy giant Petrobras is to deploy the world’s first floating oil terminal capable of loading tankers on the high seas. Currently, crude oil must be ferried from offshore rigs to the coast where tankers come to fill up.

Royal Dutch Shell Plc is going ahead with a Canadian $1.35 billion (US$1.36 billion) carbon capture and storage project in order to cut carbon-dioxide emissions at its 255,000 barrel per day Alberta oil sands upgrader by more than a third. The facility will capture more than 1 million tonnes of carbon dioxide annually, 35% of the upgraders emissions, and inject it two kilometers (1.2 miles) underground. The project would be the first of its kind in Canada’s oil sands,

A recent survey by Bloomberg finds Norway with the world’s highest gasoline prices at US $10.12 per gallon.

Growing domestic demand for fuels has Brazil importing gasoline and diesel fuel. Petrobras is importing between 70,000 and 80,000 barrels of gasoline a day.

Australia and the European Union have agreed to the first full international linking of carbon emission trading systems. The deal will allow businesses in Australia to buy cheaper EU carbon credits and gives a welcomed boost to the European scheme, which is suffering from record low prices caused by a glut of permits.

Households in Germany pay around €3 billion too much for their electricity each year, according to a market analysis which says industry is benefiting from state aid for the switch to renewable energy sources (solar, wind) – but domestic customers are being left out. Falling prices at the electricity exchange in Leipzig, where prices are determined, are passed on to industrial customers but not to households.

The number of households in Scotland in “fuel poverty” increased rapidly to 800,000 last year – more than a third of total  households in the country– due to rising energy bills for heat and electricity. If heating and electricity prices continue to spiral at the same rate, the report found that the “median household” in Scotland will find it difficult to afford their bills over the next year.

 

with h/t Tom Whipple

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