fossil fuels

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U.S. fracking giants prepare for repeat of 2016 collapse, expect little help from Wall Street

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

Categories Clean Energy Divestment Fossil Fuels
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As Congress debates an economic stimulus, where should the money be spent?

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

Categories Business Network Clean Energy Divestment Fossil Fuels Public Health Transportation
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Fossil fuels for power at turning point as renewables surged in 2019: data

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

Categories Clean Energy Fossil Fuels
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Methane releases from oil and gas far more than we knew

By Hiroko Tabuchi, The New York Times Highlights: Oil and gas production sites emitting more methane than previously accounted for: Fossil-fuel emissions from human activity — namely the production and burning of fossil fuels — were underestimated by 25 to 40 percent, per new study. Methane emissions are particularly harmful in the short term, warming … Read more

Categories Fossil Fuels