Energy Watch Group Newsletter – April 2016
It has been a grim decade for oil investors, writes the Economist. The first-quater results released by the major oil companies prove the industry is in the “worst peacetime crisis”. Two new reports strongly warn the fossil fuel companies to downsize their production or face a rapid collapse. On the positive side, a recent study of the world’s top 500 investors has shown almost half of them started considering climate risk in their strategies. Meanwhile, the EWG President has urged the EU to raise its climate ambition in line with the new Paris Agreement commitments. On May, 12 the EWG will present a new comprehensive book on highly controversial fracking. This news and a new study on energy storage in our newsletter.
2016 may become the peak coal year in China as the world’s largest coal consumer is closing down some 1,000 coal mines this year, analysts say. Germany has to accelerate its efforts on climate protection to meet the Paris Agreement targets, a new Greenpeace study finds. Another analysis warns that a late and abrupt transition to low-carbon economy would be damaging for GDP and for investors and governments. This news and a new comprehensive analysis of a controversial fracking technology in our 
