May 9, 2016

Oil prices remain unstable as Canada fire slows

Admin
2 min
Growing caution among investors has been blamed for a drop in oil prices -- despite the wildfire currently raging over 1,500 square kilometres of Can...

Growing caution among investors has been blamed for a drop in oil prices -- despite the wildfire currently raging over 1,500 square kilometres of Canada’s oil sands region.

This follows a significant spike in crude prices last week amid supply constraints and the closure of energy facilities in and around the city of Fort McMurray.

On Friday, BP warned that it would be unable to deliver on some of its Canadian oil contracts, and on Sunday Syncrude Canada Ltd. closed its Northern Alberta oil sands mines and evacuated 1,200 staff.

The rally that has been driving oil prices up following January’s lows has been attributed in part to outages.

It’s estimated that the blaze has reduced Canada’s oil production capacity by over a million barrels per day – well over a third of normal daily production.

While rain and favourable winds have reportedly slowed the fire’s progress, some officials have warned that it could be years before Fort McMurray is running normally again.

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Growing caution among investors has been blamed for a drop in oil prices -- despite the wildfire currently raging over 1,500 square kilometres of Canada’s oil sands region.

This follows a significant spike in crude prices last week amid supply constraints and the closure of energy facilities in the north of the Alberta province.

On Friday, BP warned that it would be unable to deliver on some of its Canadian oil contracts, and on Sunday Syncrude Canada Ltd. closed its Northern Alberta oil sands mines and evacuated 1,200 staff.

The rally that has been driving oil prices up following January’s lows has been attributed in part to outages.

It’s estimated that the blaze has reduced Canada’s oil production capacity by over a million barrels per day – well over a third of normal daily production.

While rain and favourable winds have reportedly slowed the fire’s progress, some officials have warned that it could be years before the region is running normally again.

Follow @EnergyDigital

Read the May 2016 issue of Energy Digital magazine

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May 13, 2021

All but two UK regions failing on school energy efficiency

schools
energyefficiency
Renewables
Dominic Ellis
2 min
Yorkshire & the Humber and the North East are the only UK regions where schools have collectively reduced how much they spend on energy per pupil

Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.

Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.

According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.

Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.

“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."

He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."

North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).

The Department for Education has issued 13 tips for reducing energy and water use in schools.

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