Big oil, big government.
- Uhoh... they've got together again, only this
time it's renewable.<br><br>"Manila eyes Japan loan
for major wind power project Philippines: July 31,
2001<br><br>MANILA - State-owned Philippine National Oil Co (PNOC)
said yesterday its board had approved a proposal to
secure a $54 million soft loan from Japan to partly fund
what is billed to be the biggest wind power project in
Southeast Asia. <br><br>The 40-megawatt power project is to
be built by the oil firm's unit PNOC-Energy
Development Corp.<br>The loan, from the the Japanese
government's social yen loan package administered by the Japan
Bank for International Cooperation, will finance the
initial phase of the project in Ilocos Norte province in
the northern Philippines, PNOC said in a
statement.<br> "It is the first phase of the potential 120 MW
power production from wind energy in the area. Its
commercial operation is expected to start by 2004," Energy
Secretary Vincent Perez said in a statement.<br> "Once
completed, this will be the largest wind power project
throughout South East Asia."<br><br>PNOC-EDC chairman Sergio
Apostol told reporters the $54 million loan will have a
maturity of 30 years, including 10 years grace period. It
will have an interest rate of 0.3 percent each
year.<br> Apostol said his company also planned to seek
financial assistance for the remaining two phases of the
project. He said phase two would need some $36 million and
the third and last phase about $34 million.<br> The
wind power project is part of the government's plan to
develop new and renewable energy sources."
<br><br>REUTERS NEWS SERVICE <br><br>I do believe this is
capitAlism at it's best. I guess the free market will get
there every time.
- This group started in 1999 and got its first posting on volcanos in
2001. BUT you got nothing nada on the underwater volcano that
erupted or formed off Oregon Coast.
Let me check if you got anything on NOAA.
--- In firstname.lastname@example.org, shotsky1 wrote:
> This is an interesting article which describes
> the difficulty encountered in recreating a
> temperature profile over the last century. Of course the
> temperature profile is how we determine whether, and how
> much, the global climate is changing. Very interesting
br><br>Summary:<br>The records of annual global surface temperature
> anomalies and their regional distribution are not
> explicable by a theory of steady almost uniform global
> temperature increase, such as the supposed effects of
> increases in greenhouse gases. The surface temperature
> behaviour is much more readily explained by local effects,
> particularly heating, which can take place in both urban and
> rural sites, and is most likely in cold locations.
> <br><br>The MSU satellite temperature records of the lower
> troposphere detect important climate effects also evident in
> the surface record, such as those of volcanos, ocean
> circulation (El Niño, and ocean cooling) and the sun. They do
> not detect, however the regional hotspots which are
> largely responsible for the rise in surface temperature.
> The differences between the surface temperature
> record since 1978 and that recorded by the MSU
> satellites in the lower troposphere must therefore be
> largely due to local heating which is highly regional,
> and is particularly evident in cold climates.