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ODAC Newsletter - June 3

Welcome to the ODAC Newsletter, a weekly roundup from the Oil Depletion Analysis Centre, the UK registered charity dedicated to raising awareness of peak oil.

The inherent contradictions of the UK government's approach to energy and climate policy were made clearly visible this week. On the one hand Thursday saw the release of further detail around the Green Deal, a fairly ambitious bill aimed at facilitating the retrofitting of private homes in order to improve energy efficiency. On the other, evidence emerged that the UK is one of just two EU governments (the other is the Netherlands) stalling on a new EU fuel directive which would see oil from the Canadian tar sands banned in Europe, due to their high emissions.

It should come as no real surprise then that global efforts to cut emissions are failing. The International Energy Agency this week issued what it described as "a wake- up call" that global emissions are now back at an all time high following a brief fall in 2010 in the wake of the economic crisis. The US government's Earth Systems Research Laboratory in the meantime recorded a new high of CO2 in the atmosphere of 395ppm.

Climate change was one of the reasons given in a new OXFAM report this week for an impending food crisis. Other key reasons included the rising price of oil, and the impact on food production of the growing biofuels industry. The NGO estimates that with current policies, which subsidise both fossil fuels and biofuels, prices for staple crops will more than double by 2030.

The expansion of the biofuels industry and tar sands production bears testament to the most pressing symptom of peak oil — our dependence on a transport infrastructure and mobility culture which is utterly reliant on liquid fuels. Addressing this must surely be an absolute priority.

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Oil

Oil Trades Near $100 Before U.S. Jobs Report, OPEC; Crude Supplies Climb

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Pollution fears as UK blocks European ban on fuel from tar sands

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Canada tries to hide Alberta tar sands carbon emissions

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Madagascar fears repeat of Canada's tar sands devastation

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Former Libyan oil minister confirms defection

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Vietnam and China oil clashes intensify

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Gas

Small earthquake in Blackpool, major shock for UK's energy policy

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Russia, Qatar Face Pressure to Scrap Gas Link to Oil Prices as Crude Jumps

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New York Sues Over a Drilling Rules Plan

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Electricity

Beijing Cautiously Raises Power Prices

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Brazil grants building permit for Belo Monte Amazon dam

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Europe's dry spring could lead to power blackouts, governments warn

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Nuclear

Fukushima Radiated Water May Overflow

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Power chief hits out at nuclear boost

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Germany to Phase Out Nuclear Power by 2022

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Renewables

UK clean tech confidence fading fast

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PwC: Planning biggest threat to Europe's renewables revolution

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UN: Failure to recycle rare metals is damaging green economy

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Biofuels

UK scientists launch scathing criticism of EU biofuel targets

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Rising food prices increase squeeze on poor - Oxfam

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Biofuels boom in Africa as British firms lead rush on land for plantations

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UK

'Green Deal' aims to win trust of public

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Britain as vulnerable to energy price shocks as Uganda

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UK diesel shortage 'may put energy security at risk'

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Climate

Global carbon emissions return to record highs

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