by Kathy Hipple, IEEFA, January 28, 2020 Highlights Forty-two companies within the United States that have fracking based portfolios filed for bankruptcy in 2019: In total, the aggregate debt of these companies was $26 billion The fracking sector struggled due to overproduction, gas and oil prices, and increasing debt throughout the past 5 years Moody’s … Read more
by BloombergNEF Highlights: Corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2019, up more than 40% from the previous year’s record. The majority of this purchasing occurred in the United States. BloombergNEF’s 2020 Corporate Energy Market Outlook found that approximately 19.5GW of clean energy contracts were signed by … Read more
by Lennox Yearwood Jr. and Bill McKibben, NY Times Highlights: JPMorgan Chase is among the worst companies to aid the rapid warming of the earth by lending billions to gas and oil companies. “Wells Fargo lent over $151 billion, Citibank lent over $129 billion and Bank of America lent over $106 billion” and “JPMorgan Chase … Read more
Highlights: As of January 1, 2020, new houses in California are required to install rooftop solar. “One utility, Sacramento Municipal Utility District, has asked regulators to approve a plan that says builders in its territory can comply with the solar mandate by subscribing to the utility’s community solar programs instead of putting solar on every … Read more
Highlights: A report found that the top methane point source polluters are landfills. The three landfill operators, Republic Services, Waste Connections and Waste Management, “represent 26.8% of all methane from California facilities – the warming equivalent of more than 725,000 cars on the road annually.” The large emitters have plans to offset their emissions generated … Read more
by Jana Randow, Bloomberg Green, January 20, 2020 Highlights: Climate change threatens to provoke “green swan” events that could trigger a systemic financial crisis unless authorities act against such risks, according to the Bank for International Settlements Many central banks already contribute to the effort by monitoring climate-related risks through stress tests, incorporating environmental, social … Read more
by Jennifer Nastu, Environmental Leader, January 20, 2020 Highlights: A report published last summer from Ethical Markets showed an upward trend in private “green” investments worldwide and claimed these investments equal a cumulative $10.387 trillion as of 2019 68 out of the 153 active ESG managed US stocks didn’t make Barron’s list of the most … Read more
by Alyssa Danigelis, Environmental Leader, January 20, 2020 Highlights: The World Economic Forum in Davos, Switzerland is providing sustainable aviation fuel for its arriving business jets Sustainable Aviation Fuel (SAF) has an 80% smaller carbon footprint compared to normal aviation fuel The use of the SAF is meant to demonstrate that the fuel is available, … Read more
Highlights: “California’s current climate policies won’t cut greenhouse gas pollution enough to meet the state’s goals.” “A new report says cleaning up cars and the cement industry could help.” by Rachel Becker, CalMatters California won’t meet its ambitious climate goals in 2030 unless more drivers trade gas guzzlers for clean cars, and heavy industry like … Read more
by Tracey Tully, The New York Times Highlights: A New Jersey democrat has introduced legislation that requires new building projects to account for climate resiliency and mitigating environmental impacts such as GHG emissions in order to receive government approval The state is currently experiencing sinking, accelerated sea-level rise, and flooding along its 130-mile coastline The … Read more
