JP Morgan To Stop Funding Arctic Projects, Warns Its Investors About Climate “Catastrophe”

JP Morgan To Stop Funding Arctic Projects, Warns Its Investors About Climate “Catastrophe”

JP Morgan Chase, the largest funder of oil and gas projects in the Arctic, announced on Monday that it will no longer fund those projects and it will reduce its investment in coal-fired power projects, but it will continue to invest in oil and gas projects in the rest of the U.S.

Why This Matters:  The commitment by JP Morgan to stay out of the Arctic shows that pressure from the public is working — forcing the bank to reconsider its fossil fuel loans and investments in a part of the planet which is changing more rapidly than most areas.

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One Cool Thing: Gas Heating to be Banned in Scotland’s Castles

One Cool Thing: Gas Heating to be Banned in Scotland’s Castles

Scotland is surging full speed ahead with its sustainability goals and is on track to source 100% of its energy needs from renewable sources. As such, Scottish institutions such as the Historic Environment Scotland (HES) are doing their part to help meet the government’s goals. HES said it aims to be “net-zero” by 2045 in […]

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Energy Markets Feeling the Effects of 2020’s Warm Winter

Energy Markets Feeling the Effects of 2020’s Warm Winter

We wrote last week that 2020 is on track to be the warmest winter ever. The unusually high temps have been affecting the entire world, from agriculture to infectious disease–it’s a reminder that we need winters and when it’s not cold enough we suffer the repercussions. Now, in a twisted case of poetic justice, it […]

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Utilities Promising to Get to Net Zero Need Gas To Get There

Utilities Promising to Get to Net Zero Need Gas To Get There

Numerous progressive utilities such as Xcel, which have pledged to be carbon neutral by 2050, are struggling to get there without expanding the use of natural gas and this is fueling a broader and divisive debate around gas’s future, according to Inside Climate News.  The plan drawn up by Xcel, which serves 3.6 million customers […]

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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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New Study Shows Natural Gas Power Plants Are A “Bridge” That Goes Too Far

A new study by the Rocky Mountain Institute published yesterday makes the case that the U.S. may be making too big an investment in natural gas power infrastructure — power plants and pipelines — the life of those plants go out past 2050 and are more than just a “bridge” to renewable power.  Not only […]

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