The CTRM Blog

SolArc announced yesterday that Sprague Energy has selected SolArc’s Solution for Natural Gas to manage that company’s natural gas supply business, including deal capture, nominations, scheduling/logistics, billing and risk management.

According to the press release, Sprague has been a SolArc customer for more than five years, using RightAngle to manage their oil trading, marketing and risk management operations.

I talked with Alan Gunn, Solarc’s managing director of natural gas sales, this afternoon and he indicated that this deal was one of “several” new gas deals they’ve closed in the last few months (including a previously announced deal with Southcross Energy). He also said, “…and the year isn’t over yet”. Stay tuned.

As many of the world’s leaders arrive in Copenhagen to try to seal a climate deal, the signals emerging regarding progress from COP15 are mixed. Yesterday, the negotiating process was subject to an “unexpected stop,” according to Yvo de Boer, the United Nation’s top climate official and it has indeed been a week of stops and starts as even on Monday, informal talks between the COP15 presidency and developing countries ended a daylong boycott of negotiations, which was apparently caused by controversy over the Kyoto Protocol. There has also been much public talk by those involved of “posturing” and “placing blame on others.” On the other hand, the Danish hosts are said to be preparing a new compromise draft and many of the countries involved have already brought forward substantive voluntary commitments to the table including, for example, Japan’s offer of a total of 15 billion U.S. dollars for climate aid for developing countries through 2012.

“Climategate”

One thing that the recent “Climategate” episode may have done is to rightly focus more attention on the science that is really the driving force behind the COP15 meeting currently taking place in Copenhagen. Reading through the hacked e-mails published on various blog sites, it becomes obvious very quickly that the rigor and pure approach of science has been totally overwhelmed and compromised by politics and money.

Science should work on the basis of an open, free debate and a fair peer review process. If that is stifled then what we have is neither science nor reliable. What these e-mails show can be summarized as follows:

Arriving in Copenhagen the first thing you notice is how clean, modern and well-organized the city is. Well-served by an efficient public transport system, the bicycle is a favored means of transport and almost all main roads have wide bicycle lanes. Climate Change Conference delegates are offered bicycle rentals for free and have been quick on the uptake.

A City on a Mission

For the next two weeks, the global media will undoubtedly spotlight the United Nations Climate Change Conference being held here in Copenhagen, Denmark. Without a doubt, the eventual outcome of COP15 is likely to have a significant impact on both you as an individual and your company. Indeed, if the kind of agreement envisaged by, for example, the European Union (EU) is reached, it is likely to have huge global economic, political and social ramifications and it will dramatically change our world and the way we live. However, while some form of agreement is virtually certain to emerge from Copenhagen, the actual shape and nature of the agreement has yet to be determined. So what exactly is at stake this next two weeks in Copenhagen and how did we arrive at this point?