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In 2021, a record-breaking heat dome enveloped Oregon , tragically claiming the lives of 72 people. In response, Multnomah County, which includes Portland, filed a lawsuit for over $51 billion against major fossilfuel entities–one of the largest claims for a climate case to date. This case is just one of dozens in the U.S.
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.
While at least one event provided a platform for oil and gas industry greenwashing, others centered people directly affected by fossilfuel-driven climate change who are holding bad actors accountable. I had the honor of moderating one of the latter events, Scientists & Activists vs. FossilFuel Finance.
As the year kicks off with a very cold January weather forecast, US power grid operators and the regulators who oversee them are paying close attention to ensure that the grid failures of several past extreme winter storms dont happen again.
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.
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 natural gas-fired, plus some coal-fired plants. Where do we go from here?
Replacing fossilfuels with renewable energy from wind and solar will depend on upgrading the electric power grid, which is currently plagued by planning delays and gridlock. The 2021 law allows, but does not require, PJM to plan ahead because various fossilfuel plants must reduce and then cease emissions by a specific date.
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. Although the country’s federal energy regulator has had a disconcertingly nonchalant attitude towards these events.)
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. So, do they do the job? Lets have a look.
CARB’s Low Carbon Fuel Standard (LCFS) seeks to incentivize the production and sale of alternative, lower emissions transportation fuels in order to displace conventional fossilfuels. To identify which fuels should be promoted, CARB calculates the life cycle greenhouse gas emissions from transportation fuels.
That 2013 headline resulted from the first effort to quantify emissions from the ‘carbon majors’ —fossilfuel companies and cement manufacturers whose businesses have contributed an outsized amount of heat-trapping gases to the atmosphere. Nearly two-thirds of industrial heat-trapping emissions can be traced to just 90 entities.
This assessment wasn’t ExxonMobil’s idea, but was compelled by a successful shareholder resolution that was part of a 2021 investor revolt against the industry’s climate inaction that ultimately displaced several members of ExxonMobil’s Board of Directors.
Their efforts have paid off: The 27 resolutions demanding increased disclosure that went to a vote in 2021 averaged approximately 40 percent support, according to investment management firm Boston Trust Walden. ExxonMobil also funded the Consumer Energy Alliance , a pro-fracking front group run by PR firms on behalf of fossilfuel companies.
California’s transportation fuel policy is knee deep in cow poop, and it’s not a good look. The California Air Resources Board (CARB) is considering amendments to its Low Carbon Fuel Standard (LCFS) regulation, but indicated they have no plans to address the problems caused by counter-productive subsidies for manure biomethane.
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?
Minnesotans are facing concurrent crises of climate change, high energy prices and inflation, and the inequitable public health impacts of fossilfuel air pollution. Renewable energy will help with all of that—but we need a grid that is designed for wind and solar instead of having to rely on expensive coal and gas plants.
That would be the straw man erected by defenders of the fossilfuel industry who claim that facing climate change is a doctrinaire liberal policy. One group that has filed resolutions in the past is the far-right National Center for Public Policy Research, which fossilfuel companies including ExxonMobil have funded.
Both fossilfuel and utility companies bear some responsibility for wildfires’ damage, and must be held accountable to ensure disadvantaged and low-income communities aren’t left to shoulder the costs and impacts of these disasters. Emissions traced to fossilfuel companies, on the other hand, have contributed to 19.8
Hurricane Katrina in 2005, Superstorm Sandy in 2012, Hurricanes Harvey and Irma in 2017, and Hurricane Irma in 2021 were all accompanied by the same question. This has got nothing to do with climate.This is not because of fossilfuels.” A 2021 analysis of more than 88,000 studies since 2012 now finds 99.9
What are the physical limitations of this fossilfuel resource that make it vulnerable during, say, summer droughts , or the types of extreme heat waves the world has been experiencing for months now? But what does extreme weather actually do to cause gas plants to run into trouble?
The key word here is “ intensity :” Fossilfuel companies often focus on emissions intensity, meaning emissions per barrel of oil, rather than absolute emissions, which is a set number measured in metric tons. That means Exxon still plans to spend the vast majority of its funds on fossilfuel exploration and production.
This may seem like a setback for climate progress in Canada, but it simply underscores the limits of voluntary initiatives and the need for the government to enforce climate-aligned financial regulations. In 2021, at COP26 in Glasgow, Mark Carney helped create the Glasgow Financial Alliance for Net Zero (GFANZ).
For example, researchers at the Union of Concerned Scientists have directly linked fossilfuel producers’ Scope 1 and Scope 3 emissions to increases in ocean acidification , global temperature, sea level rise and North American wildfires. So how does the fossilfuel industry think it should measure emissions?
It issued five Flex Alerts in 2020, eight in 2021, but there’s only been one so far this year. I’d be remiss not to mention that, ever since the August 2020 power outages, California policymakers and regulators have been pulling out all the stops to maintain grid reliability. During the last couple of summers, California Gov.
US ratepayers very likely will pay even more for electricity and heating this winter compared to the already-expensive winter of 2021-2022. Between 2015 and 2021, 274 North American oil and gas producers filed for bankruptcy with a debt load of $177 billion. The bankruptcies were set in motion even before 2020.
The fossilfuel industry has systematically contaminated our environment with a wide range of toxic chemicals for over a century. A study of the causes of the explosion suggested the need for stronger safety regulations. Bermix Studio/Unsplash PM2.5: A study has shown that PM2.5 Another study found high levels of PM2.5
This is where the analysis behind AEO2022 dates itself to November 2021. From their thinking in November 2021, EIA projects that wholesale gas prices will remain less than $4.00/ million BTU through 2050, lower than gas prices in 2021. EIA also recently reported that US coal exports increased 23% between 2020 and 2021.
That will require a huge increase in the amount of electric generation, at the same time that we’re also replacing existing fossilfuel capacity with renewables and storage. That in turn means that we need people with legal expertise relevant to permitting generators and transmission, both of which are highly regulated.
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?
They accounted for most of the failed generating capacity in a number of recent extreme weather events, including Winter Storm Uri in 2021 and Winter Storm Elliott in 2022, according to Gas Malfunction , a new Union of Concerned Scientists (UCS) issue brief.
Starting in 2017, cities, counties, and states across the United States have filed claims (see here and here ) in state courts against fossilfuel companies seeking redress for the climate harms their products have caused. By Korey Silverman-Roati. Background. Many of these cases asserted nuisance and other tort law claims.
Illinois utilities Ameren and Commonwealth Edison (ComEd) are preparing distribution grid plans for the first time under new requirements established by the Climate and Equitable Jobs Act (CEJA) , which the Illinois Legislature passed in September 2021.
Statement by Emilia Belliveau, Energy Transition Program Manager Ottawa | Traditional, unceded territory of the Algonquin Anishinaabeg People – At today’s Parliamentary Standing Committee on Environment and Sustainable Development (ENVI), Members of Parliament grilled the fossilfuel industry about their climate pollution. Jun 6, 2024.
Smaller, decentralized growth in electric heat pumps for buildings, and electric transportation replacing fossilfuels also require more access to electricity and a modern grid. Nevada adopted a law called SB 448 in 2021, directing utilities to build transmission that meets state goals.
Winter is once again here, bringing great festivities and respite via holidays, but also great worries to energy regulators, grid operators, and communities about dangerous winter storms that can spread across large parts of the United States and negatively affect electric grid reliability. Source: Federal Energy Regulatory Commission.
Last year, US drivers bought more than 800,000 new electric vehicles (EVs), 65 percent more than in 2021, even as overall car sales declined. percent in 2021. That’s a far cry from just six years ago, when EVs were considered a niche technology (and the fossilfuel baron Charles Koch and his minions wanted to keep it that way).
Just like in 2021, a lot of us may be thinking “it was not too bad.” However, 2021 saw the third most active hurricane season since record keeping began in 1851. In every direction, climate change impacts are the destination. Photo credit: Alicia Race. Hurricanes in 2022. And then there are the hurricanes.
The Governor approved a notable slate of climate legislation with a package that includes more stringent greenhouse gas (GHG) emission targets and measures designed to reduce the state’s reliance on fossilfuels. The post 2021-2022 California Environmental Legislation: What’s Been Enacted? Clean Energy. Download as PDF.
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.
However, it’s a disappointment to the initiative’s proponents and to a larger group of environmental advocates who seek to promote California’s quick transition from reliance on heavily-polluting and climate-damaging fossilfuels to renewable energy resources. The California Court of Appeal agreed in a 2021 decision.
On October 7, the Ohio River Valley Institute released the results of a new poll which found 90% of Pennsylvania voters support stricter regulations on the fracking industry, according to the poll conducted by Upswing Research for the Ohio River Valley Institute. Click Here for poll results narrative. Click Here for presentation slides.
Posted on October 28, 2021 by Jonathan M. So add this to the growing list of decisions allowing local regulation of fossilfuel facilities. The post Local Regulation of FossilFuel Pipelines (or The Little City That Could) appeared first on ACOEL.
Based on the analysis the state prepared as part of the scoping plan, demand for liquid transportation fuels like gasoline, diesel and jet fuel will be cut in half by 2034 (compared to 2021) and cut by three quarters by 2041 and by 85 percent in 2045.
In this year’s edition of World Energy Outlook , the International Energy Agency showed that with the rapid roll out of renewable energy technologies, the demand for fossilfuels – gas, coal and oil – will peak this decade. These wildfires are the result of producing and burning fossilfuels. This is a big deal.
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