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
by Naveena Sadasivam, Grist Highlights: Clean energy-based investments, known as Environmental, Social, and Governance (ESG) funds, are performing better than fossil fuel backed investments during the current financial decline. ESG funds were not considered safe investments by naysayers, but the hits taken throughout the year are not nearly as bad as their fossil fuel counterparts $30 … Read more
by Ken Kimmel, President of the Union of Concerned Scientists Highlights Current situation: Federal government response to COVID-19: In Washington DC a bi-partisan effort to help the country cope with COVID-19 is underway. So far, one immediate emergency bill appropriated approximately $8 billion designed to treat and prevent the virus. A second bill has also … Read more
by Tony Barboza, The Los Angeles Times Highlights: As the world shelters-in-place due to the pandemic of COVID-19, greenhouse gas emissions have lowered. However, this reduction in emissions is temporary and emissions will rise again once the pandemic reaches an end: Once self-isolation and quarantines end, more people will travel by car and airplane, ruining … Read more
by James Temple, MIT Technology Review Highlights First and foremost, the whole point of addressing global warming is to avoid widespread suffering and death, so climate activists should keep this lens Greenhouse gas emissions rebound is likely after the deadly coronavirus (COVID-19), as history tells us for several reasons: If capital markets lock up, it’s … Read more
Cheap oil, lower investment in renewables and a post-virus rebound will likely offset the emissions drop, but there are climate lessons in the response to the virus.
by Gregory Horner, Tomkat Ranch Highlights In Wyoming, goats were used to restore the habitat destroyed by oil well facilities. The company, Goat Green, was hired by Chevron to graze the land after herbicides and machinery failed to help restore the land to it’s previous conditions Over 1000 goats were able to eat the weeds … Read more
by Aaron Sheldrick, Reuters Highlights: Electricity generation from fossil fuels in the United States, European Union, and India fell in 2019. Renewable power generation increased at a faster rate than the overall growth in power output for the first time The decline of fossil fuels is likely to accelerate due to countries trying to commit … Read more
by Gerson Freitas Jr and Vanessa Dezem, Bloomberg Highlights: Investors are ditching natural gas and fossil fuels in order to invest in renewable energy such as solar and wind: Environmentalist push-back on dirty energy investments has put fossil fuel valuations at a tipping point For the first time in about a decade, local gas distributors indices are … Read more
