Energy
Exxon Climate Accounting Fraud Trial Begins Today in NYC

Exxon Climate Accounting Fraud Trial Begins Today in NYC

The Attorney General (AG) of New York state sued Exxon Mobil last fall after a four-year investigation into the question of whether the company misled investors on the costs to the company of future regulation of the industry that would be needed to curb greenhouse gas emissions, and that those misrepresentations caused investors to pay more for the stock than they should have — to the tune of  “between $476 million and $1.6 billion.”

Why This Matters:  Investor disclosure laws are strict — and the government alleges that the decisions regarding what they did not disclose went all the way up to Exxon’s CEO at the time, Rex Tillerson, who is expected to testify.  If NY wins, there will be a slew of additional lawsuits to join the other similar ones pending in New Jersey and Texas If the company wins, it will insulate the company and the industry from further climate change legal challenges.

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Renewable Energy is Thriving, But Not Quickly Enough

Renewable Energy is Thriving, But Not Quickly Enough

Yesterday the International Energy Agency (IEA) released a new forecast showing that renewable energy is set to expand by 50% between 2019 and 2024, and will be led by solar PV. Now, the IEA has a history of underestimating renewable energy growth, and some experts still think the 50% estimate is low, but both sides […]

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Green Jobs Employ 10X As Many Americans as Fossil Fuel Jobs

Green Jobs Employ 10X As Many Americans as Fossil Fuel Jobs

In the United States, the green economy generates $1.3 trillion in annual sales revenue while creating 9.5 million full-time jobs (4% of the working-age population).

However: If Democrats want to win in places that have seen worker layoffs (like Ohio) they have to start talking about these jobs that their vision of the future uniquely supports.

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Microgrids the Solution to CA’s Wildfires?

Microgrids the Solution to CA’s Wildfires?

Last week the massive power shutoffs enacted by California’s largest electric utility, PG&E, affected millions of people and even lead to the death of a man whose ventilator stopped working. In the aftermath, there’s a lot of anger among PG&E customers and across the state, people are grappling with how to best address wildfire prevention. […]

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Do PG&E’s Shutoffs Prevent Wildfires?

Do PG&E’s Shutoffs Prevent Wildfires?

As you’ve read in our previous story, the ongoing PG&E power outages have posed not just an inconvenience but a safety risk to millions of customers across Northern California.

But is this worth it? According to MIT, occasionally switching off the electricity is an unsustainable plan for grappling with fire risks that will continue to rise in California and elsewhere as climate change accelerates.

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Corn Producers Get A Boost From Trump Proposal to Increase Ethanol Production

Corn Producers Get A Boost From Trump Proposal to Increase Ethanol Production

After starting a trade war with China that hurt midwestern farmers, and giving “small” refineries a free pass on requirements to produce ethanol, the Trump Administration last Friday announced new rules to increase the mandates for ethanol in order to increase the sale of the biofuel beyond the current requirement of 15 billion gallons annually.

Why This Matters:  With so many special interests pressuring the President, it is hard to please everyone. The American Petroleum Institute (API), the lobby for the oil industry, and American Fuel & Petrochemical Manufacturers, which represents oil refineries, announced that they would challenge the policy.

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Secretary Perry and Rudy Giuliani Entangled In Ukraine Gas Company Scheme

Secretary Perry and Rudy Giuliani Entangled In Ukraine Gas Company Scheme

The Associated Press reported yesterday that Rudy Guiliani was pushing on behalf of clients to get a friendlier management team of U.S. businessmen installed at the top of the ‘”massive” Ukrainian state-owned gas company, Naftogaz.  Coincidentally, Energy Secretary Rick Perry was also lobbying the company to change its top management, which is why he asked President Trump to make the infamous call with President Zelensky.

Why This Matters:  The Trump administration’s corrupt relationship with the oil and gas industry is laid bare by this scandal — it explains why it has been so hard to take meaningful steps to move away from fossil fuels and address the climate crisis. 

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DOE Predicts CO2 Emissions AND Renewables Increase by 2050

DOE Predicts CO2 Emissions AND Renewables Increase by 2050

The Energy Department put out its 2019 International Energy Outlook and two big headlines emerged — first that CO2 emissions worldwide will increase by 20% overall through 2050 because of emissions from developing countries, and second that renewable sources will provide half of all electricity globally by midcentury.

Why This Matters:  CO2 emissions from developed nations decrease by -.2% annually for the next 30 years, while in developing countries CO2 emissions are expected to grow 1% a year.  Countries outside the Organization for Economic Cooperation and Development (OECD) are growing in key respects — they collectively have more population, a larger gross domestic product, more energy consumption, and higher energy-related CO2 emissions. 

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World’s Largest Wind Turbines Get The Green Light

World’s Largest Wind Turbines Get The Green Light

Construction of the world’s largest offshore wind turbines is set to begin in 2020 in the North Sea. In 2023 when these behemoth turbines (they’re 853ft tall with blades that extend 351ft) come online they will power 4.5 million homes with renewable energy and will generate 5% of the UK’s total power supply. Why This Matters: According to the American Wind Energy Association (AWEA), “our shores possess a power potential of more than 2,000 gigawatts (GW), nearly double the nation’s current electricity use. This potential presents an enormous opportunity to deliver large amounts of clean and reliable electricity to the country’s largest population centers, where it’s needed most.”

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Climate Week Aside, Huge Deal to Export LNG to India Moving Ahead

Climate Week Aside, Huge Deal to Export LNG to India Moving Ahead

Even while the world is trying to wean itself off fossil fuels and the major Democratic candidates promised to end fracking on federal land and to put a price on carbon, the Houston Business Journal reported that Houston-based liquefied natural gas (LNG) company Tellurian Inc. is entering into a multibillion-dollar deal to with an Indian […]

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Trump Dims President Bush’s Light Bulb Efficiency Standards

Another week, another environmental rule rolled back by the Trump Administration.  This week, as many of you heard during the CNN Climate Town Hall, the EPA eliminated government standards passed in 2007 that required the ordinary light bulbs that people use in their homes to be energy-efficient.  The Administration justified its action saying the standards […]

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San Francisco Makes an Offer to Buy Back Its Power Grid from PG&E

California’s largest utility, PG&E, has seen its fair share of woes in recent years. Not only did its transmission lines spark the deadly Camp Fire but this past January it filed for bankruptcy as a result of its mounting legal claims. This bankruptcy has sparked questions about the future of utilities and if more localized […]

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