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Germany, one of the world’s biggest consumers of coal, will shut down all 84 of its coal-fired power plants over the next 19 years and will work to rely significantly on renewable energy to meet its international commitments in the fight against climate change, a 28-member government commission said Saturday.
The head of the World Bank, Jim Yong Kim, is stepping down three years early to join the investment firm Global Infrastructure Partners, which focuses on investing in renewable power generation assets in developing countries, according to the Financial Times. News of his departure next week caught many in the financial world by surprise, but it also signals the growing importance and profitability of the development of green infrastructure.
While most of the Interior Department and the Environmental Protection Agency are in a seemingly endless shutdown limbo, the priorities of the Trump Administration go on without a hitch. Two high profile examples came to light over the weekend — the preparation for newly nominated Acting EPA Administrator Andrew Wheeler’s confirmation hearing and the busiest […]
We wrote recently that after the massively destructive wildfires in California in 2017 and 2018, the state’s largest electric utility, PG&E, was facing criticisms that large utilities have become an obsolete way to provide power to people in a state prone to wildfires. The argument is that PG&E is incapable of managing risk and its response […]
According to a draft of proposed legislation obtained by Huffington Post, New York City Councilman Costa Constantinides is preparing to introduce a bill mandating that the city come up with a plan by the end of the year to phase out nearly two dozen gas-fired power plants and replace them with renewable sources of electricity.
The Supreme Court on Monday rejected (with no written explanation) an effort by oil giant Exxon Mobile to block an investigation by the State of Massachusetts’ Attorney General, Maura Healey, into whether the company misled the public and investors about how much it knew regarding whether its products increased the threat of climate change. As a result, Attorney General Healey can force the company to provide her decades of records about how it has dealt with the threat of climate change to the world and to its businesses.
Why This Matters: The Supreme Court has twice refused to step in and cut off novel climate change lawsuits in recent months. That they passed up the chance to stop these untested cases is telling. Even if the cases are ultimately unsuccessful, the public will learn a great deal about the complicity of oil companies in our current climate predicament, which could hasten their desire to shift away from fossil fuels. Moreover, the negative publicity these cases generate is bad for the oil companies, and for Congress and the Executive Branch as well, which are look anemic in the face of the growing challenges climate change presents the country.
To Go Deeper: Inside Climate News has a great summary of the many court challenges challenging the fossil fuel industry right now, both in the U.S. and abroad.
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