May 17, 2020

Cars 2 goes Green with Oil vs. Alternative Fuel Theme

Cars 2
movie
theater
weekend
Admin
3 min
Cars 2 hits movie theaters this weekend, but energy buffs will notice a green theme throughout, pitting oil against alternative fuels
Cars 2 debuts at theaters across the globe this weekend, and families will be lining up to take the kids to the second installment in Pixars wildly pop...

Cars 2 debuts at theaters across the globe this weekend, and families will be lining up to take the kids to the second installment in Pixar’s wildly popular “Cars” franchise.  But energy buffs and environmental advocates may notice a “green” theme prevailing throughout the movie that may engrain sustainable ideals into the minds of youngsters. 

Cars 2’s main plotline pits oil against a new alternative fuel called “Allinol.”  The film sees lead characters Lightning McQueen (voiced by Owen Wilson) and best friend Mater (Larry the Cable Guy) globetrotting in the World Grand Prix circuit, in which the event’s organizers fuel all the vehicles with Allinol.  The bad guys in the film are oil baron cars trying to discredit the new, more environmentally friendly fuel.

However, the movie’s director, John Lasseter, says the film isn’t intended to be overtly political or even send a message.  Rather, he and the film’s writers tried to discern, in a universe of talking cars, “What would a bad guy do?  With 'An Inconvenient Truth' and alternative fuels and all the things going on, I kept thinking, well, in their world, it could be neat to have sort of big oil vs. alternative fuel," Lasseter said. "It makes logical sense for a world where cars are alive.

However, Lasseter claims, "We don't make message movies.  We weave things in that are going on, that you're familiar with in the world, and kind of bring it into our stories."

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The film’s producer, Denise Ream, adds, "It really is all about, OK, how can we go about telling the most interesting story possible?  But hey, if people come away with the sense of we need to treat the Earth better, I think that's great, because I'm all for it."

The movie’s star, Owen Wilson, also comments, "I remember in the '70s, the gas lines. We're still dealing with a lot of those problems, so anything that can sort of get the message out in an entertaining way, that we need to be looking for some solutions to some of these problems, I think is good.  Because the way we're doing it now obviously isn't working, which is why you see Detroit and all these big companies shifting focus now to more efficient cars."

While Cars 2 may not intentionally be making a political or social statement, the film will undoubtedly be viewed to the contrary.  Yes, alternative fuels are the future, and the quicker the message gets out the faster that transition will occur and the more support it will have.  Nonetheless, it may be going a little bit far to demonize the oil industry as the villain in a kid’s movie.  99.99 percent of the families that see Cars 2 this weekend will travel to the theater in a petroleum-powered vehicle, and in the world of Cars 2, that would mean that moviegoers are supporting the bad guys!  What's more, most of the top oil producing companies in the world are also leading the pack in alternative fuels research and development.  Oil companies aren't stupid, they know reserves are running low and the only way to stay competetive and secure their empire is by making the alternative fuels transition themselves.  Although it will be interesting to see just how many young children come out of the theaters naively scolding their parents for filling up the tank with oil-derived gasoline. 

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Jul 26, 2021

Ofwat allows retailers to raise prices from April

Ofwat
Utilities
water
prices
Dominic Ellis
3 min
Ofwat confirms levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue

Retailers can recover a portion of excess bad debt by temporarily increasing prices from April 2022, according to an Ofwat statement.

The regulator confirmed its view that levels of bad debt costs across the business retail market are exceeding 2% of non-household revenue, thereby allowing "a temporary increase" in the maximum prices. Adjustments to price caps will apply for a minimum of two years to reduce the step changes in price that customers might experience.

Measures introduced since March 2020 to contain the spread of Covid-19 could lead to retailers facing higher levels of customer bad debt. Retailers’ abilities to respond to this are expected to be constrained by Ofwat strengthening protections for non-household customers during Covid-19 and the presence of price caps.  

In April last year, Ofwat committed to provide additional regulatory protection if bad debt costs across the market exceeded 2% of non-household revenue. 

Georgina Mills, Business Retail Market Director at Ofwat said: “These decisions aim to protect the interests of non-household customers in the short and longer term, including from the risk of systemic Retailer failure as the business retail market continues to feel the impacts of COVID-19. By implementing market-wide adjustments to price caps, we aim to minimise any additional costs for customers in the shorter term by promoting efficiency and supporting competition.”  

There are also three areas where Ofwat has not reached definitive conclusions and is seeking further evidence and views from stakeholders:   

  1. Pooling excess bad debt costs – Ofwat proposes that the recovery of excess bad debt costs is pooled across all non-household customers, via a uniform uplift to price caps. 
  2. Keeping open the option of not pursuing a true up – For example if outturn bad debt costs are not materially higher than the 2% threshold. 
  3. Undertaking the true up – If a 'true up' is required, Ofwat has set out how it expects this to work in practice. 

Further consultation on the proposed adjustments to REC price caps can be expected by December.

Anita Dougall, CEO and Founding Partner at Sagacity, said Ofwat’s decision comes hot on the heels of Ofgem’s price cap rise in April.

"While it’s great that regulators are helping the industry deal with bad debt in the wake of the pandemic, raising prices only treats the symptoms. Instead, water companies should head upstream, using customer data to identify and rectify the causes of bad debt, stop it at source and help prevent it from occurring in the first place," she said.

"While recouping costs is a must, water companies shouldn’t just rely on the regulator. Data can help companies segment customers, identify and assist customers that are struggling financially, avoiding penalising the entire customer in tackling the cause of the issue."

United Utilities picks up pipeline award

A race-against-time plumbing job to connect four huge water pipes into the large Haweswater Aqueduct in Cumbria saw United Utilities awarded Utility Project of the Year by Pipeline Industries Guild.

The Hallbank project, near Kendal, was completed within a tight eight-day deadline, in a storm and during the second COVID lockdown last November – and with three hours to spare. Principal construction manager John Dawson said the project helped boost the resilience of water supplies across the North West.

“I think what made us stand out was the scale, the use of future technology and the fact that we were really just one team, working collaboratively for a common goal," he said.

Camus Energy secures $16m funding

Camus Energy, which provides advanced grid management technology, has secured $16 million in a Series A round, led by Park West Asset Management and joined by Congruent VenturesWave Capital and other investors, including an investor-owned utility. Camus will leverage the operating capital to expand its grid management software platform to meet growing demand from utilities across North America.

As local utilities look to save money and increase their use of clean energy by tapping into low-cost and low-carbon local resources, Camus' grid management platform provides connectivity between the utility's operations team, its grid-connected equipment and customer devices.

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