by Mark Olalde, Desert Sun, January 24, 2020 Highlights Decommissioning and cleaning up oil and gas wells throughout the state may cost billions, but only $110 million is saved for this process. Many wells become abandoned as oil and gas prices take sharp downturns and environmental policies result in the decrease of the use of … Read more
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 Kavya Balaraman, Utility Dive Highlights: The towns of Angwin, Calistoga, Placerville, and Grass Valley are part of PG&E’s effort to build a network of “resilience zones” and temporary microgrids in portions of its service territory that are especially vulnerable to fire-related outages. PG&E deployed 23 MW of temporary generation from fossil fuel power (diesel) … 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
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
by Jan Strupczewski, Reuters, January 14, 2020 Highlights: A survey by the European Investment Bank (EIB), reveals that most Chinese, European, and U.S. citizens strive to limit their holiday aircraft emissions. “In the poll, 36% of Europeans said they already flew less for holidays to help prevent climate change and 75% intended to do so … Read more
Deeper and faster cuts are now required Global greenhouse gas emissions have grown by 1.5 percent every year over the last decade. To stay within relatively safe limits, emissions must decline sharply, by 7.6 percent every year, between 2020 and 2030. Even if every country fulfills its current pledges under the Paris Agreement — and … Read more
Thanks to you who contacted your legislators about SB 775. This remarkable bill would have overhauled California’s cap and trade system in a very favorable way. SB 775 got lost when the Governor’s bill emerged. Here’s Mercury News’ take on what happened. After the dust settles we’ll send you our view of the Governor’s bill. … Read more
With the publication of a study by Mark Z. Jacobson of Stanford University, the push for 100% renewables is seeing renewed fervor. A group of U.S. Mayors just announced that they will back 100% renewable energy targets, and Senator Kevin de León recently introduced a new bill, SB100, to establish an overall state target of 100% clean … Read more
The below article by Ellen R. Wald of Forbes presents an interesting question about what we can hope for from the oil industry-backed Climate Leadership Council. Is the trade of carbon dividends worth the cost of regulatory rollbacks? The Climate Leadership Council’s devious plan to distract American carbon consumers Today, June 20, the new Climate … Read more
