According to The Wall Street Journal, fracking companies are seeing their sources of capital on Wall Street dry up as investors are looking elsewhere given that many of the frackers have been operating at a loss for more than a decade. The lack of capital to keep these companies liquid is forcing them to cut costs and plan for slower growth. This is particularly true for small companies with lots of debt, but it is also happening to larger companies that are desperately trying to meet earnings targets set by their Wall Street lenders.Continue Reading 408 words
A recent analysis by PV Magazine has revealed that the Electric Reliability Council of Texas (which operates most of the state’s electric grid) has had applications for an additional 165 GWac of solar energy to be built in Texas. While Texas has been the epicenter of the fossil fuel industry it also has the potential to move […]Continue Reading 360 words
Coal ash is an incredibly toxic byproduct of coal-derived energy that activists have pushed for years for regulators to address and are now finally having success. Water contamination from coal ash ponds (the pits where the sludge is stored) is widespread and we’re learning more about the extent of the pollution constantly. In fact, a recent analysis by the Environmental Integrity Project revealed that toxic coal ash pollutants are leaking into groundwater surrounding 100 percent of Texas’s power plants for which data are availableContinue Reading 464 words
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As Greentech Media reported, consultancy McKinsey & Company and global oil major British Petroleum both recently released 2019 outlooks for the global energy sector, and though both forecast that renewables will grow markedly in the coming years, the results present sharply divergent visions of just how much. McKinsey projects that renewables will account for more than 50 […]Continue Reading 432 words
Air travel, according to Green Biz, is a growing source of carbon emissions, accounting for 2% of all global carbon emissions, and it is expected to increase to 70% above its 2005 levels by 2020, despite the fact that airlines have been successfully working to improve fuel efficiency and put more passengers on planes to improve fuel efficiency per passenger. The challenge is that passenger traffic is up so much that efficiency efforts can’t keep pace.Continue Reading 455 words
The Trump Administration’s anti-environment policies are so extreme, they are now even proposing to roll back energy efficiency standards for light bulbs. In 2017, the day before President Trump took office, the Energy Department issued a rule to expand the types of light bulbs required to meet stronger efficiency standards. According to the web site Utilitydive.com, experts at the Appliance Standards Awareness Project calculated that the changes would cause consumers to lose $12 billion a year in electricity savings by 2025.Continue Reading 399 words
Last week, two major trends made news in energy. The Wall Street Journal reported that Google and Amazon are hoping to expand the market for home energy efficiency products like smart energy devices and internet-connected devices like Amazon’s Alexa that are used to manage energy demand by incentivizing consumers to use less electricity during peak hours, and also collect information about individual energy use.Continue Reading 386 words
Budweiser (and other firms) should be really careful about how they frame purchases of RECs to offset 100% of their energy consumption. Saying their product is 100% powered by renewables is a false statement and may be grounds for a FTC complaint — (((Alex Gilbert))) (@gilbeaq) February 3, 2019 Did you happen to catch the […]Continue Reading 366 words
Last summer Colorado’s then-governor John Hickenlooper issued an executive order in June 2018 mandating the state adopt low-emission vehicle standards by 2025. Newly sworn-in Governor Jared Polis has not only kept the EO in place but had built on the efforts to reduce emissions and help Colorado build better infrastructure for electric vehicles and encourage their […]Continue Reading 417 words
It’s been a long road for Pacific Gas and Electric, after facing possible murder charges for its role in California’s recent wildfires as well as lawsuits from survivors, the utility has filed for Chapter 11 bankruptcy. As PV Magazine explained, the filing is a financial move that allows PG&E to reorganize its debts, and does not involve […]Continue Reading 342 words
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.Continue Reading 366 words
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.Continue Reading 374 words