by Stacey Meinzen, The Climate Center Follow the money, divest from fossil fuels and invest in a healthy, climate-safe future for all. It’s a win-win for our collective future and for your pocketbook (see additional info here). Chevron just posted $6.6 billion in losses for its fourth-quarter earnings due to troubles with shale gas and bankruptcies are multiplying for the … Read more
by Kylie MacLellan, Reuters Highlights: Following a growing trend in Europe, Britain is the next country to announce the phase-out of internal combustion engine cars within the next 15 years. This includes all diesel, petrol, and hybrid vehicles. Though traditional cars make up 90% of new vehicle sales in Britain, the government is investing over … Read more
by University College London, Phys.org Highlights: The carbon tax legislation, known as the Carbon Price Support, has resulted in a 93% decrease of electricity generated by coal in the UK. The tax was introduced in 2013 but the energy sector saw a vast decrease in coal dependency once the tax was increased in 2015 Coal … Read more
by Zack Budryk, The Hill Highlights: General Motors (GM) hopes to revive the Michigan auto manufacturing industry by investing $2 billion in their Detroit plant. This location will be used to manufacturing their new all electric truck starting in 2021. GM claims the opening of the plant will create over 2,000 new manufacturing jobs in … Read more
by Mathieu Benhamou, Emily Chasan and Saijel Kishan, Bloomberg Highlights: Environmental, Social and Governance (ESG) Funds are gaining popularity as sustainability-focused investing becomes the new trend. Big funders are focused on investing in companies that tackle energy efficiency and minimize environmental impact Tech, healthcare, and financial services companies are some of the top ESG funds, as their … Read more
by Justin Gerdes, Greentech Media Highlights: The California Public Utilities Commission has dedicated $45 million to heat pump water heater incentives. Around $4 million will be exclusively for low-income residents. Since 90% of heat pump water heaters and furnaces in California are powered by natural gas or propane, the heat pump water heater incentives will … Read more
by Mark Olalde and Ryan Menezes, LA Times Highlights: 35,000 wells have been sitting idle for years because of suspended production, which can contaminate the water supplies and cause fumes to leak Fossil fuel companies are required by law to set aside bonds for the clean up and remediation of oil well sites but the … Read more
by Craig Welch, National Geographic Highlights: Abrupt thaw, the accelerated melting of permafrost, is releasing GHGs in the arctic: New studies on abrupt thaw suggest that permafrost will play a more significant role in GHG emissions than previously believed . However, it’s affects are small compared to the burning of fossil fuels throughout the world … Read more
by Arys Aditya and Yoga Rusmana, Bloomberg Highlights: Wildfires in Indonesia prompted school closures and disruptions to ocean and air travel last year, which may have cost Indonesia $5.2 billion in economic losses An estimated 709 million tons of carbon dioxide was released due to last years fire season Indonesian President Jokowi ordered a permanent … Read more
by Danny Westneat, Seattle Times Highlights: The idea of banning new gas cars, formerly seen as too aggressive and radical, is picking up steam in Washington state: Ten Washington legislators introduced House Bill 2515, which aims to ban the registration of any new gas-powered passenger or light-duty trucks, starting ten years from now, in 2030 … Read more
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