By Rosanna Esparza and Ashley Hernandez, The Sacramento Bee ACTION ALERT: Send Governor Newsom a message now to reverse his decision and halt fracking. Highlights California Governor Gavin Newsom approved 24 new fracking permits for the state in the midst of shelter-at-home mandates as the COVID-19 pandemic rages on. Though Newsom is doing great at … Read more
By Justin Guay, Medium Highlights The current pandemic could be an opportunity for the US to eliminate our use of fossil fuel dependency and transition into a clean energy economy The US fracking industry is in a tricky place – facing negative pricing and less demand, indicating that the industry wasn’t viable to begin with … Read more
By Marianne Levelle, Inside Climate News Highlights The Trump administration suspended U.S. environmental laws due to calls for help from the American Petroleum Institute. The suspension of the rules will ultimately lead to more pollution, making more people in frontline communities susceptible to health risks, including COVID-19. The Environmental Protection Agency announced a policy that … Read more
by Damian Carrington, The Guardian Highlights New research from the Harvard TH Chan School of Public Health suggests that air pollution is linked to higher death rates for people that have contracted COVID-19 compared to those living in areas with cleaner air. Living in a polluted city in the past has an effect on death … Read more
By David Caleb Mutua, Bloomberg Highlights According to UBS Global Wealth’s head of credit, Thomas Wacker, sustainable bonds are a “defensive opportunity” that credit investors should favor over non-green, investment-grade corporate notes The fossil fuel industry has no presence in the green bond market and are feeling the impacts of the turning economy due to … Read more
By Ivan Penn, The New York Times Highlights Even though the renewable energy sector is facing some losses during the coronavirus pandemic, renewables are set to account for nearly 21% of the electricity in the United States, a 3% increase from 2019 Renewables prices have not dropped as much as oil and gas prices during … Read more
from Climate Nexus Highlights There is a noticeable global surge in methane emissions with the U.S. accounting for the largest source of growth. If this trend continues, all progress made towards reaching Paris Agreement climate goals will be lost. Though tropical wetlands may play a role, scientists agree that large methane emissions are from the … Read more
by Tim McDonnell, Quartz Highlights Failing prices are a hard blow for many of these companies, who need oil prices of at least $30 to be profitable. Stocks that were once over $100 a share are now dipping dramatically and the top largest fracking companies in the US can’t turn a profit. Whiting Petroleum, a … Read more
Due to the COVID-19 disruption, the legislature has gone into recess until April 13 at the earliest. While the legislature is on recess, The Climate Center continues to analyze the bills that were introduced in February, and is in the process of determining positions on many of them. Below are several, but not all, of … Read more
by David Wethe, Bloomberg Highlights: Major fracking companies are expecting to crash and don’t anticipate receiving financial help from Wall Street, potentially paving the way for more renewable energy projects. Though drilling rig numbers have dropped in the past, the current decline could come much faster this time according to fracking giant Schlumberger Ltd. Halliburton, … Read more
