Here’s a quick roundup of stories you may have missed today and over the weekend. 2014 Tonys Win at Directors Guild Awards The 2014 Tony Awards picked up its own trophy this weekend! Glenn Weiss and the directing team of the 68th Annual Tony Awards have been honored with a Directors Guild Award in the category of Outstanding Directorial Achievement in Variety/Talk/News/Sports-Specials. Congrats to all. First Trailer of Bloodline, Starring Norbert Leo Butz We’ve been waiting for this! Check out below the first trailer of new Netflix thriller series Bloodline. The show’s stars include Broadway faves Norbert Leo Butz, Kyle Chandler, Ben Mendelsohn, Linda Cardellini and Sissy Spacek. We can’t wait to begin binge-watching on March 20! Michael Gambon Retires From the Stage Dumbeldore is apparating stage left—theatrical legend Sir Michael Gambon has had to retire from treading the boards. The Harry Potter star revealed to The Sunday Times that he was having issues remembering his lines. “It’s a horrible thing to admit, but I can’t do it. It breaks my heart. It’s when the script’s in front of me and it takes forever to learn. It’s frightening.” Aged 74, he has won three Oliviers and appeared on Broadway in the 1996 production of Skylight. Although the news is incredibly sad, we can take heart from the fact that Gambon won’t be disappearing from our screens. Indeed, his latest performance in another of J.K. Rowling’s works, The Casual Vacancy, will air on HBO in April. View Comments Simon Shepherd & More Tapped for Hay Fever Summer fun if you’re in London. Simon Shepherd (Peak Practice), Michael Simkins (Yes, Prime Minister) and Sara Stewart (Enron) will join the previously reported Felicity Kendal in the upcoming West End production of Hay Fever. Directed by Lindsay Posner, the show will play a limited run April 29 through August 1 at the Duke of York’s Theatre. Sienna Miller Chats Cabaret Something tells us that Sienna Miller is going to be perfectly marvelous in her return to Broadway! For as she explains to David Letterman in the most adorable way during a recent appearance on The Late Show, she was “born for Cabaret.” Check out the interview below and then the American Sniper star (and her Elphaba fingernails) at Studio 54 from February 17.
On the Blogs: Weakness Seen in BHP’s Bullishness on Coal FacebookTwitterLinkedInEmailPrint分享Carleton English for RealMoney.com:BHP Billiton (BHP) is playing the long game on coal but there may be reason to be skeptical about demand — even in emerging economies such as India and China — due to greater environmental pressures and the increasing viability of natural gas.“Against the backdrop of greater uncertainty in the outlook for thermal coal, we are confident that base demand in emerging economies will remain resilient for decades to come and our higher quality coals position us well in an increasingly carbon constrained world,” Mike Henry, BHP’s President Operations Minerals Australia, said in a statement released Tuesday.The bullish sentiment on coal was similar to comments made by Chief Commercial Officer Dean Dalla Vale in April 2014.“Coal is expected to remain the centerpiece of Asia’s energy portfolio into the foreseeable future, where coal is the cheapest and most readily available source of energy,” Dalla Valle said in a speech that was reported in The Wall Street Journal. In the same speech, Dalla Valle said India is “anticipated to be the most significant source of new demand.”According to BHP’s 2015 annual report, coal accounted for 13% of its annual revenue.Since Dalla Vale’s comments, shares of BHP are down 60% amid the broader decline across commodities and the weakening of the China growth story. Real Money chartist Bruce Kamich documented BHP’s decline on Tuesday.Representatives for BHP Billiton did not immediately respond to requests to comment.Demand for coal may exist for “decades,” but it may not make sense to characterize it as “resilient,” given the headwinds the commodity faces even in the developing world.“Experts think they might reach peak demand around 2020, but when more than half of China’s installed capacity is coal, they are too reliant to move to renewables anytime soon. Same goes for rest of the world basically,” Real Money Pro contributor Ben Cross said in an email Wednesday.Fellow Real Money Pro contributor Jim Collins also sounded cautious tones about the long-term growth of coal as the entrance of renewables may be slow, but may also become increasingly viable.“I think in the U.S. the shift away from coal — especially to natgas — is a permanent one,” Collins said in an email Tuesday. “China will always be a swing importer as the move to renewables will be slow there. India is in a similar situation.”Although India has been picked as the next emerging economy hotspot, the country has also stated its intent to be less reliant on imported coal and it has also shown interest in importing natural gas and using renewable energy sources, according to a 2015 report by the Institute for Energy Economics and Financial Analysis. Progress on those targets has been mixed for India but the stated intention to be self-sufficient does not bode well for BHP’s coal plans in the developing world.BHP Billiton’s Long Game on Coal Looks Weak
FacebookTwitterLinkedInEmailPrint分享Australian Broadcasting Corporation:South Australia will push ahead with a plan to install battery systems built by Elon Musk’s Tesla in 50,000 homes, with the new state government committing to continue the pro-battery agenda of its predecessor.The Weatherill Labor government announced the Tesla policy in February, declaring it would install battery and solar systems free of charge to create the world’s “largest virtual power plant” and slash energy bills. The plan shared similarities with a Liberal policy allowing battery storage units in 40,000 homes, and it was unclear which of the two policies would be adopted following the election of Liberal Premier Steven Marshall.But in a speech at the Australian Energy Storage Conference, Energy Minister Dan van Holst Pellekaan said the Government would implement both. “It’s very important to be clear about this—we are honouring the existing commitments around the Tesla virtual power plant (VPP),” he said.“The VPP project is currently proceeding with the two trial phases as planned. The trial phases involve installation of home energy systems on 1,100 Housing SA homes. These are supported by a $2 million grant and a $30 million loan from the state government.“Subject to private finance, and the first two phases’ success, the third phase could grow to up to 50,000 home batteries connected to new solar installations, and this is in addition to our government’s 40,000 home election commitment. Very simply, a Liberal government in South Australia means more, not fewer, batteries,” he said.More: Tesla Household Batteries in SA Get Green Light South Australia Moves Forward With Massive Tesla Storage Project
Indonesia’s readiness to shift toward a clean energy economy took another step back last year because of fossil fuel subsidies and faces a monumental hurdle this year as a result of the coronavirus pandemic.Indonesia’s ranking fell seven places to 70th out of 115 countries surveyed in this year’s Energy Transition Index (ETI), down from 63rd last year. The index is compiled annually by the World Economic Forum (WEF) think tank, which also described this year as a period of historically “unmatched economic instability” due to COVID-19.Going forward, the pandemic-led collapse of fuel prices and energy demand further risks Indonesia’s energy transition unless the government intervenes, WEF told The Jakarta Post. Topics : Vijay Singh, WEF project head for the future of energy and materials, said Indonesia’s slip in the latest index was mainly driven by setbacks in economic development “specifically due to the distortions created by the presence of energy subsidies”. “The effect of energy subsidies, such as reducing incentives for efficient consumption and being more beneficial for higher-income consumers, are well documented,” he said via email.He also said Indonesia had progressed in terms of energy access and stagnated in terms of environmental impact. The latter may change over the years as coal plants continually dominate power production in the growing economy.WEF’s index report acknowledges the necessity for governments to prioritize spending on health care, social welfare and business continuity amid the pandemic but also argues that “the risks to the future of human civilization from climate change remain”. Energy economist Alloysius Joko Purwanto separately said that coal and oil-related subsidies were likely the main contributors to Indonesia’s energy transition setback. Oil is mainly consumed by the transportation sector and coal by the power sector.Indonesia introduced in January last year a domestic coal price ceiling at US$70 per ton, well below the $90 market price that month. The price cap, which has been extended to this year, is expected to boost domestic coal consumption by 12 percent to 155 million tons in 2020.The government also set this year’s subsidized fuel quota at 26.87 million kiloliters (kL), up 3 percent from last year, after domestic consumption exceeded last year’s quota.However, the Economic Research Institute for ASEAN and East Asia (ERIA) economist said that collapsed oil prices and reallocated spending also presented an opportunity to boost Indonesia’s energy transition. The WEF holds a similar stance.“We can pull out energy subsidies and we can redirect economic stimuli to develop renewable energy,” Joko said.Joko also concurred with WEF over Indonesia’s energy access progress, saying that the government’s ongoing 35 gigawatt power plant development program helped bring electricity to many neighborhoods.Indonesia’s electrification ratio — the portion of neighborhoods that can turn on a lightbulb — reached a historical high of 98.89 percent last year, even though observers and politicians pointed out that multiple field problems remain.“The government’s position is to protect the people’s purchasing power and ensure business continuity,” the Energy and Mineral Resources Ministry’s acting oil and gas director general, Ego Syahrial, previously told reporters.The ministry’s director general for renewable energy, Sutijastoto, was not available for comment over the WEF report.Solar producer Nick Nurrachman, chairman of the Indonesian Solar Panel Producers Association (APAMSI), said coal-generated cheap electricity had always deterred investment in solar photovoltaics (PV) in Indonesia. The recent oil price crash has further deterred investment.“People looked for renewables because oil prices were rising. With oil prices decreasing, demand for renewables, including solar panels, decreases,” he said.