Energy company Cuadrilla says the rock in Balcombe alreadycontains fractures, so it won’t need to frack to extract shale gas.TheFinancial Timesalso has thestory.

Energy company SSE has an “appetite for reform”, accordingto its own press release. But it still seems embarrassed about itsprofits, the Daily Telegraph points out. It expects profitsto increase by 8.8 percent, after raising household prices by 8.2 per cent – despitecustomers using less electricity and gas.

On the same day energy company SSE announced record profits,it also promises to cap prices from March until 2015.

The prime minister will tell business leaders thatsupporting the shale gas industry’s development could bringbusiness into the UK, the BBC reports. He is scheduled to addressthe World Economic Forum in Davos later today.

Research by management consultancy Accenture says over 80per cent of companies support policies promoting energy efficiencyand clean energy generation.

As global droughts dry up the water supply needed to makeCoke, Coca-Cola is now embracing climate change as an economicallydisruptive force.

The EU’s new climate and energy targets, in 13 points -courtesy of Wonkblog. It says the state of the economy putspressure on the EU to cut emissions in the most cost-effective way.Environmental commentary website, Grist, is less impressed. It says the EU is “nowshying away from the [climate change] fight”.

Guardian readers call for a “a grown-up debate” on fracking,in its letters section. The papers report on comments by LordDeben, chair of the Climate Change Committee, stirred a lot ofresponse, including a letter from energy secretary, EdDavey.

The Grantham Institute’s Lord Stern says emissions haverisen more quickly than he expected, making it imperative forgovernments to act.

The energy secretary, Ed Davey, says the EU’s new climateand energy targets – which allow countries more flexibility in howthey reduce emissions – are good for the UK, Europe, and theworld.

Three researchers from the Helmholtz Centre forEnvironmental Research say the EU risks missing out on theco-benefits of renewable energy under a weaker 2030target.

Germany’s “costly and self-contradictory” energy policies,and the EU’s pursuit of renewable energy, are responsible forenergy company EOn’s woes, the Financial Times says.

A new analysis looks at the difficulties involved in workingout different nations’ contributions to rising temperatures – whichis likely to form the basis of any international agreement to bringemissions down.

The gradual warming of the North and tropical Atlantic Oceanis contributing to climate change in Antarctica, according to newresearch by a group of US scientists.

A review of literature examining the powerful role thathuman values play in shaping individuals’ engagement withenvironmental issues – in particular, climate change.

Fewer tourists are likely to want to visit southern Europefor their summer holidays by the end of the century, according tonew research. Spring and Autumn will become more appealing and thetourism industry should be prepared to adapt, say theresearchers.