page 1
page 2
page 3
page 4
page 5
page 6
page 7
page 8
page 9
page 10
page 11
page 12
page 13
page 14
page 15
page 16
page 17
page 18
page 19
page 20
page 21
page 22
page 23
page 24
page 25
page 26
page 27
page 28
page 29
page 30
page 31
page 32
page 33
page 34
page 35
page 36
page 37
page 38
page 39
page 40
page 41
page 42
page 43
page 44
page 45
page 46
page 47
page 48
page 49
page 50
page 51
page 52
page 53
page 54
page 55
page 56
page 57
page 58
page 59
page 60
page 61
page 62
page 63
page 64
page 65
page 66
page 67
page 68
page 69
page 70
page 71
page 72
page 73
page 74
page 75
page 76
page 77
page 78
page 79
page 80
page 81
page 82
page 83
page 84
page 85
page 86
page 87
page 88
page 89
page 90
page 91
page 92
page 93
page 94
page 95
page 96
page 97
page 98
page 99
page 100
page 101
page 102
page 103
page 104
page 105
page 106
page 107
page 108
page 109
page 110
page 111
page 112
page 113
page 114
page 115
page 116
page 117
page 118
page 119
page 120
page 121
page 122
page 123
page 124
page 125
page 126
page 127
page 128
page 129
page 130
page 131
page 132

G8 MEMBER COUNTRIES031A clean energy standard will help drive privateinvestment in innovation, but I want to make thispoint: Government funding will still be critical. Overthe past two years, the historic investments myadministration has made in clean and renewableenergy research and technology have helped privatesector companies grow and hire hundreds ofthousands of new workers. I have visited gleaming new solar arrays that are among the largest in the world. I have tested anelectric vehicle fresh off the assembly line. I havetoured factories that used to be shuttered, where they are now building advanced wind blades that are as long as 747s, and they are building the towers that support them. And I have seen the scientists that are searching for the next big breakthrough inenergy. None of this would have happened withoutgovernment support.I understand we have got a tight fiscal situation, so it isfair to ask how do we pay for government's investmentin energy. And as we debate our national priorities andour budget in Congress, we are going to have to makesome tough choices. We are going to have to cut whatwe do not need to invest in what we do need. Unfortunately, some people want to cut criticalinvestments in clean energy. They want to cut ourresearch and development into new technologies.They are shortchanging the resources necessary evento promptly issue new permits for offshore drilling.These cuts would eliminate thousands of private sectorjobs; it would terminate scientists and engineers; itwould end fellowships for researchers, graduatestudents and other talent that we desperately need toget into this area in the 21st century. That does notmake sense.We are already paying a price for our inaction. Everytime we fill up at the pump, every time we lose a job ora business to countries that are investing more than wedo in clean energy, when it comes to our air, our water,and the climate change that threatens the planet - weare already paying a price. These are costs that we arealready bearing. And if we do nothing, the price willonly go up.So at moments like these, sacrificing theseinvestments in research and development, insupporting clean energy technologies, that wouldweaken our energy economy and make us moredependent on oil. That is not a game plan to win thefuture. That is a vision to keep us mired in the past. Iwill not accept that outcome for the United States ofAmerica. We are not going to do that. nThe above remarks are excerpted from a speechPresident Barack Obama delivered at GeorgetownUniversity, Washington, D.C., on March 30, 2011 For more information visit: www.whitehouse.gov .

rude oil prices are heading north - again.Energy agencies around the world areconcerned with political conflict inNorthern Africa, instability in the MiddleEast, and disaster responses to national crises aroundthe globe. As the leaders of nations and businesses,how do we ensure that energy supplies are maintainedto support growing economies? One Australiancompany has a set of solutions to produce cleanerenergy for today's climate conscious economies. Oil is our most important energy source and accountsfor around 34 per cent of the world's primary energyconsumption1. Its conventional supply is projected topeak in a few years from now, although somepredictions operate on the premise that peak oil hasalready occurred. Since the year 2000, world oilconsumption has increased at an average annual rateof 1.6 per cent per year2. The global demand for oilsupply continues to rise and is being heavily driven bynon-OECD countries like China and India. It is realisticto suggest that leading economies today are faced with atwo-pronged challenge; balancing energy security (whichis intricately linked to economic success) with the adventof carbon reductions to counter predictions on climatechange. Whether you are a believer or a sceptic, globaltrends and policies on the topic of climate change willdevelop and action will follow.It is my view that leading economies should take stockof all of their energy-rich resources, enable andoptimise those coal deposits that are not currently partof the energy paradigm and earmark them for futureenergy success. My home base of Australia is a primeexample. Here is a country rich in coal, yet relativelypoor in oil. We have a limited domestic supply of crudeoil, which is rapidly depleting, and rely heavily oncrude oil imports to sustain industries that criticallyMOVING TO A CLEANER"OIL" ECONOMYCPETER BOND, CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR, LINC ENERGY LTD032CLEAN COAL TECHNOLOGY