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This year has brought new evidence of what major fossilfuel companies knew and when about the role their products play in climate change, as well as what they did in spite of what they knew. They enable us to strengthen our balance sheet and high grade or diversify our portfolio.
Last week, I joined my colleagues at COP28 in Dubai , as negotiators and civil society push for a fossilfuel phaseout to meet climate goals. This year there has been a lot of attention on the more than 2,400 oil and gas lobbyists at the climate meetings. Source: IPCC Sixth Assessment Report.
Fossilfuel power plant owners are facing increased accountability for their air and water pollution, including from a new round of environmental and public health protections that are being rolled out by the US Environmental Protection Agency (EPA). We’ve heard these lazily disingenuous narratives before.
Utilities and grid operators prepared for the storm as it was coming down the pike, but they still underestimated the energy demand it would trigger, as well as the number of outages at fossilfuel power plants—mainly naturalgas-fired, plus some coal-fired plants. Where do we go from here?
GW record from 2021. And fossilfuel power plants may not stick to their retirement schedules for a variety of reasons. Note: this is adjusted for inflation to 2022 dollars and is based on the amount those plants emitted in 2021, the EIA’s most recent year of finalized data. A bit more on those reasons later.
For almost two year now the Energy Charter Treaty (ECT) is under revision and negotiations shall finish in 2021. The aim of the EU is to try to stop fossilfuel companies suing states over climate action. Then a further round is already planned for February or March 2021.
Gas plants failed at a scale that jeopardized grid reliability for large regions of the United States during severe winter storms in 2011 , 2014 , 2018 , 2021 , and 2022. And earlier this year, gas plants failed at an alarming rate during Winter Storms Heather and Gerri. Unfortunately, this isn’t a rare problem.
According to the Energy Information Agency , South Korea’s power sector is heavily reliant on fossilfuels. Two thirds of generation capacity is based on fossilfuels, split evenly between coal and naturalgas, with 17% nuclear, and 14% hydro and other renewables. 50% coal, 26% gas, and 25% nuclear.
According to the forecast, while economy-wide CO 2 emissions decrease from 2022 to 2037 due primarily to the growth in renewable energy replacing retiring coal plants, emissions do increase after 2037 from increased usage of naturalgas. EIA is projecting that naturalgas prices will remain low.
It turns out that most of them are 50-60% reliant on fossilfuels, with a lot of the remainder coming from nuclear and hydro. However, there are important differences in the mix of gas and coal in generation, which matters a lot since coal-fired generators emit much more carbon per kilowatt. FossilFuel Use.
Communities rich and poor bore witness to horrific devastation in 2021. The events of 2021 are likely to be a prelude for tougher tests ahead. Power companies turned instead to naturalgas – but also displayed new interest in wind and solar. Fossilfuel subsidies could be lowered.
Many of my colleagues have already described the various ways we’ve gotten into this elevated fuel price mess, why doubling down on fossilfuels at this moment is a horrible idea, and why doing so would not improve our current or future economic, geopolitical or environmental problems. How Did We Get Here?
US ratepayers very likely will pay even more for electricity and heating this winter compared to the already-expensive winter of 2021-2022. Investors finally started getting tougher on these debt-saddled drilling companies during the pandemic as demand for both oil and gas plunged, pushing a slew of drillers over the edge into bankruptcy.
The November 2021 Infrastructure Investment and Jobs Act (IIJA), also referred to as the Bipartisan Infrastructure Law, or BIL, includes an $8 billion “regional clean hydrogen hubs” program that charges the Department of Energy (DOE) with the development of at least four hydrogen hubs to advance the nation’s clean hydrogen sector.
data centers risks deepening Americas reliance on fossilfuels and can put consumers and communities at risk, according to the report. The report shows that between 2021-2024, the number of data centers in the U.S. Rising electricity demand from U.S. Electricity demand to power these centers is projected to increase as well.
The shift from fossilfuels in the 100-percent RES scenario reduces the amount of toxic power plant air pollution much more than what we called a “no-new-policy,” or business-as-usual, scenario. And what about fossilfuel-dependent workers and communities? Our analysis also demonstrates renewables’ power.
But as the market grows, some urge caution before using wastewater to create renewable naturalgas. By Laura Gersony, Circle of Blue — August 4, 2021. Utilities can use this energy to power their own treatment works, or they can sell it back to the grid as renewable naturalgas (RNG) or electricity.
It issued five Flex Alerts in 2020, eight in 2021, but there’s only been one so far this year. Gavin Newsom made a habit of waiving all state environmental rules to allow fossilfuel power plants and backup generators to run without restrictions when the grid was under stress.
This approach originated from the recognition that many alternative fuels, especially ethanol, involve a lot of fossilfuels and other pollution in their production. This approach holds fuel producers accountable for reducing fossilfuel use and other global warming pollution in their supply chains.
While the epicenter of the war and its horrors has remained trained on and in Ukraine, Russia has also leveraged its position as a major fossilfuel exporter to fund its war efforts and to manipulate and threaten others, including countries across Europe that have long relied on Russian supplies of gas.
A 2021 meta-analysis of over 40 peer-reviewed studies on the subject concluded that “there is no particular type of shopping that has an absolute environmental advantage and it is in no way possible to shop ourselves out of the environmental crisis.” How would that change if I hopped on the electric bus route at the end of my block?
A decade later In 2021, Steelton-Highspire School District worked with McClure Company to install a solar array large enough to offset 100 percent of its annual electricity usage. With the buses being powered by electricity from the sun, the school is no longer paying for fuel, and putting each dollar saved into programming for the district.
The report illustrates why including ‘natural’ gas under the sustainable finance label would undermine the tool’s credibility, invalidating the efforts to date. Methane is responsible for 30 per cent of the current global temperature rise to date globally, and over 14 per cent of Canada’s annual greenhouse gas emissions. “A
Despite the clean energy transition that is well underway in the United States, methane gas, or naturalgas, remains the largest source of U.S. But what does extreme weather actually do to cause gas plants to run into trouble? electricity generation.
To meet that goal, the International Energy Agency’s Net Zero Roadmap released in 2021 says no new oil and gas supply projects can come online. Companies are spending millions fighting lawsuits that would hold them accountable for the costs that fossilfuel extraction has imposed on people and the planet.
Just how bad is fossil “natural” gas? And, as it turns out, the infrastructure used to produce, store, distribute, transmit, and burn gas leaks like a sieve , making gas as bad as coal for the climate. Its primary component is methane.
Thats why Prime Minister Trudeaus 2021 promise to deliver a net-zero electricity grid by 2035 was important. Yet, reaching net zero also means phasing out polluting fossilfuel energy, so the government developed rules to impose a pollution limit on electricity producers.
On March 2, the Independent Fiscal Office issued a report on fourth quarter 2022 naturalgas production in Pennsylvania showing a 1.6% decline in production from 2021 and a 5.1% decrease from the fourth quarter of 2021. Although the IFO reported the average price of naturalgas increased 82.5%
In New England, the percent of people of color living near fossilfuel power plants is up to 23.5 On the other side of the country, half of California’s gas plants are in communities considered among the state’s 25% most disadvantaged communities.
Naturalgas, oil, and nuclear are minor players. In November 2021, Prime Minster Modi announced in Glasgow that India would get half its energy from renewables by 2030 as well as significantly cutting its emissions. Twelve percent of capacity comes from hydro, and an impressive 23% from renewables (10% wind, 9% solar).
Rated for 1,320 megawatts — roughly the size of a large fossilfuel plant — the dam is now capable of only 800 megawatts. In 2021, the fund was in jeopardy due to declining hydropower generation. The fund balance was cut in half , dropping from $146 million in January 2021 to $74 million by the end of the year.
Production of nitrogen fertilizers requires ammonia, which is produced through a highly energy-intensive process called Haber-Bosch and fueled by naturalgas. Russia is a major supplier of the gas used in the production of nitrogen fertilizers, and also produces about 21 percent of the world’s potash.
The energy analysts found that despite all the efforts to curb emissions, in 2021 global energy-related CO2 emissions rose to their highest ever level as the lockdowns put in place by many governments due to the pandemic were eased. Emission from naturalgas also rose well above 2019 levels to 7.5 billion tonnes. billion tonnes.
On October 27, the Public Utility Commission approved a rate settlement that would increase the typical monthly charge for PECO NaturalGas Division customers by 9 percent-- from $95.31 The increase will show up on bills as an increase in gas delivery charges. Click Here for the complete PUC announcement on PECO Gas.
Germany is expected to increase its fossilfuel consumption for electricity generation in 2022, if its weather conditions and electricity demand are similar to 2021, a new analysis from Environmental Progress finds. Emissions from Germany’s power sector could thus rise from 244 million tons in 2021 to 264 million tons in 2022.
City of New York , plumbing and building trade groups challenged New York Citys Local Law 154 of 2021 , a piece of legislation that prohibits fossilfuel combustion in most new buildings. Court of Appeals, Ninth Circuit, held that EPCA preempted a Berkeley ordinance that prohibited naturalgas piping in new buildings.
DEP originally permitted the gas-fired plant in April 2021, but Renovo Energy Center has failed to secure financing to move forward. Why in the world would DEP break the law just to ensure that a giant fossilfuel power plant can dirty the community’s air? Renewable energy is cleaner, cheaper, and more abundant.”
These comments are in addition to the more than 30,000 comments from individual pro-life Christians collected by EEN supporting former Governor Wolf’s RGGI rulemaking in 2021. As illustrated by my own hometown, the truth is that while fossilfuels have provided great benefits for Pennsylvanians, it has also come with a tremendous cost.
Gas plants generated 40% of electricity in the US in 2022, and when these power plants don’t perform due to plant malfunctions or fuel supply problems (issues that could be addressed with stronger oversight), these affect the power grid.
On September 29, the Department of Environmental Protection terminated the air quality permit for the proposed Beech Hollow naturalgas-fired power plant in Robinson Township, Washington County at the request of the company. This is a huge victory for the health of my community!” Read more here.
Key Takeaways Here are some key takeaways from the hearing-- -- NaturalGas Continues To Have A Reliability Problem: 70% of the PJM electric generation that failed to perform during the December freeze were naturalgas-fired power plants. The Commission is continuing to work with PJM to evaluate the results of the storm.
With most energy investments still in fossilfuels, significant reform is needed to modernise the sector and meet Kazakhstan’s pledge to become net-zero by 2060. On 2 January 2022, massive protests erupted throughout Kazakhstan , initially over the price of liquefied petroleum gas. Photo credit: Matjaz Corel / Alamy.
Higher prices for oil, naturalgas, coal, and electricity are all pushing up inflation across the economy, dampening consumer demand, canceling out wage gains, and compounding the burdens facing working families and the poor as they seek to recover from the pandemic. The Capacity Story. In the U.S.,
On December 21, sixteen local and statewide environmental groups expressed their opposition to a proposed naturalgas to gasoline refinery to be built in Luzerne County by Texas-based Nacero. Both products--which are chemically identical--would require more dangerous pipeline infrastructure to move the gas to the plant.
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