by Julia Pyper, host/producer, Political Climate podcast, Contributing Editor at Greentech Media The urgency of reaching net-zero emissions by 2050 hasn’t dwindled amid the ongoing coronavirus pandemic. But renewed calls to address long-standing racial injustices further underscore that climate solutions can no longer function in a silo. House Democrats’ new “Congressional Action Plan for […]Continue Reading 695 words
In May when former Vice President–and presumptive Democratic presidential nominee–Joe Biden announced his climate task force it was a means to unite the flanks of his party. According to an exclusive story from the New York Times yesterday, that task force has come out with its first set of goals for Biden’s consideration As Lisa […]Continue Reading 532 words
On Monday, the state of Virginia and Dominion Energy announced the completion of the second offshore wind facility in the U.S. and the first one in federal waters. Its two turbines sit 27 miles off the coast and when operational later this summer, will produce enough electricity to power 3000 homes.
Why This Matters: If the waters off Virginia are suitable for wind farms, with their close proximity to ports, naval facilities, and tourism, then it is hard to imagine why wind power can’t be developed in many other areas along the U.S. coast.Continue Reading 521 words
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According to Politico, the Trump administration is preparing to open the Florida coast to oil and gas drilling but will delay an announcement until after the November election because Republicans and Democrats in the state oppose drilling.
Why This Matters: The Interior Environmental Impact Statement on Vineyard Wind criticizes the project over harm to an extractive industry (commercial fishing) due to the low fish population numbers resulting from climate change and overfishing by the industry. What?Continue Reading 484 words
The Energy Department (DOE) reported yesterday that for the first time since basically the industrial revolution began in the late nineteenth century, in 2019 renewable energy consumption surpassed the consumption of energy generated by coal. Coal power generation declined by 15% last year, while renewables increased by 1%.
Why This Matters: Ten years ago coal dominated the power sector, but the trend toward wind and solar is unlikely to reverse — coal is now on its way out completely here.Continue Reading 481 words
The International Energy Agency stated in its annual World Energy Investment report released yesterday that the unparalleled decline in worldwide energy investment had been “staggering in both its scale and swiftness.” Investment in global energy is expected fall by $400bn this year, the biggest drop in the industry’s history As CNBC reported, the IEA “warned […]Continue Reading 355 words
Oil and gas companies continue to pump the government for cash. Bloomberg Law News reported that the Administration has granted 76 royalty waivers to oil and gas companies who are drilling for oil on federal land in Utah — lowering the rates from 12.5% to as low as 2.5%.
Why This Matters: The giveaways to oil and gas companies in the name of saving jobs just keep coming.Continue Reading 493 words
When the coronavirus crisis first began, climate activists were hopeful that political leaders could manage the outbreak while simultaneously keeping their commitments to climate action. But the cost of the COVID-19 response on state budgets has been profound and there’s a fear that environmental programs will be cut as governors grapple with staggering budget shortfalls. […]Continue Reading 548 words
In what one tax watchdog called a “stealth” bailout, dozens of oil and gas companies are taking advantage of provisions in the CARES law to write off losses right away and get an immediate tax refund against prior years’ earnings going back to 2018, according to Bloomberg News.
Why This Matters: These refunds also carry forward – so oil and gas companies can expect to pay zero taxes for years to come, according to Bloomberg.Continue Reading 520 words
Using the latest Labor Department data, E2 (Environmental Entrepreneurs), the American Council on Renewable Energy (ACORE), and other analysts reported on Wednesday that 594,347 workers in clean energy occupations, representing 17.8% of the industry’s workforce, filed for unemployment benefits in April and March.
Why This Matters: The oil and gas industry really is the squeaky wheel getting the grease. The number of jobs lost in that sector is likely only a fraction of those lost in the renewable energy sector.Continue Reading 511 words
GreenTech Media reported that the largest solar power project in the world will also be its cheapest — the project is in Abu Dhabi where the government expects that the price will be as low as $1.35 for a kilowatt-hour, beating the previous record low price of $1.60.
Why This Matters: There is no doubt that solar energy projects and jobs are at short term risk due to the pandemic. But the industry’s leaders and analysts remain optimistic.Continue Reading 506 words
The winds are shifting — literally and figuratively — in U.S. energy, as the oil industry is declared “officially broken” due to a historic glut in supply, while renewable energy output continues to grow as coal power shrinks.
Why This Matters: Happy Earth Day. We don’t mean this acclamation to denigrate the industry that gave our country affordable energy or to say the pandemic has been a good thing. Hardly. But it seems that the times are now changing.Continue Reading 506 words