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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 year, I wrote that fossilfuel companies made billions of dollars in profit during 2022 as people around the world suffered billions of dollars in damage from climate and weather related disasters. The history of colonization that still shapes the land to this day also played a role.
Yet, driven by vested interests in the fossilfuel industry , misleading narratives aim to distort and hinder meaningful climate commitments. Fossilfuels are the problem It’s pretty simple: the burning of fossilfuels is the main driver of climate change. billion tons of the 40.5
The world’s biggest fossilfuel companies recently released their 2022 earnings reports, revealing record-breaking profits last year; just five companies–ExxonMobil, Shell, BP, Chevron, and TotalEnergies–reported a total of nearly $200 billion in profits. billion, respectively, during 2022. billion and $35.5
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.
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. What can be done?
They just released their 2022 “Annual Energy Outlook” (AEO), which is a big deal: it tells us where electricity is headed over the next 30 years. Source: US Energy Information Administration, Annual Energy Outlook 2022 (AEO2022). We’re risking more impacts from climate change due to continued reliance on naturalgas and oil.
On October 18, the Safety Division of the Public Utility Commission announced it is continuing their investigation into the circumstances surrounding a December 2022 house explosion and fire in Susquehanna Township, Dauphin County. Shapiro, Let's Hold Them Accountable - Support The Regional Greenhouse Gas Initiative - By Rev.
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?
As a result, when today’s fossilfuel end uses can be directly electrified via renewables instead, such as for heating in buildings , it is overwhelmingly a better decarbonization path. Background on the hydrogen hubs program.
But the scientific and technological advances that made these technologies competitive with fossilfuels are much more recent. Both are below the levelized cost of new naturalgas or coal generation. So in a sense, these are old technologies — about the same age as the very first internal combustion engines. generation.
A two-bill package has been introduced in the House and Senate to establish new incentives for the use of fossil-fueled vehicles-- rebranded as “low emission transportation fuels”-- and eliminating rebates and grants for hybrid and electric vehicles. Posted: October 7, 2022] PA Environment Digest
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.
Gene Yaw (R-Lycoming) announced plans to introduce legislation to prohibit municipalities from receiving Act 13 drilling impact fees if they set more protective standards on the development of naturalgas than required in state or federal law and while a challenge to local restrictions is being litigated. In October 2022, Sen.
On March 2, the Independent Fiscal Office issued a report on fourth quarter 2022naturalgas production in Pennsylvania showing a 1.6% drop in naturalgas production growth and each of the other top producing counties-- Susquehanna, Washington, Bradford and Greene also saw a decrease in growth.
Unfortunately, the very source of the TVA’s grid failure during Winter Storm Elliott in the winter of 2022 is the same source of energy that the TVA is now doubling down on : gas. Note: “Naturalgas” is an industry misnomer; UCS considers methane, fossilgas, and gas to be much more appropriate terms for this energy source.)
Yet, in 2022, almost 40% of electricity in the US was generated by power plants fueled by naturalgas. Note: “Naturalgas” is an industry misnomer; UCS considers methane, fossilgas, and gas to be much more appropriate terms. I’ll be using the term “gas” from here on out.)
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. percent higher than the number of wealthier residents, according to a 2022 UCS study.
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.
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. But a March 2022 analysis from the investor consortium Climate Action 100+ determined that no major oil company was on track to meet the Paris goals. Chevron alone is facing a $9.5
US ratepayers very likely will pay even more for electricity and heating this winter compared to the already-expensive winter of 2021-2022. Gas supply has been struggling to keep up with demand since coronavirus vaccines made available in 2021, which enabled the economy to get back on track more quickly than expected.
In December, the Treasury Department and the Internal Revenue Service proposed regulations governing implementation of the 45V Clean Hydrogen Production Tax Credit , passed as part of 2022’s Inflation Reduction Act. In particular, emissions loopholes related to biomethane and fugitive methane (i.e.,
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. Credit: U.S.
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. All that being said, it’s still 2022 and September is upon us.
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.
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.
By Karen Elias, Lock Haven This letter first appeared in the Lock Haven Express on January 29, 2022 -- A coalition of environmental groups from across Pennsylvania is raising warning flags about a huge industrial refinery being planned for Luzerne County. Plans for the refinery place it in a residential area close to an elementary school.
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.
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.
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.
By Brett Walton, Circle of Blue – June 6, 2022. Rated for 1,320 megawatts — roughly the size of a large fossilfuel plant — the dam is now capable of only 800 megawatts. Less hydropower will force utilities to look elsewhere for replacement supplies, including from fossilfuel sources. But how much?
By Dave Jenkins, Conservatives For Responsible Stewardshi p The following goest essay first appeared in the Erie Times on March 27, 2023 -- We are at an inflection point on energy: 2022 was the first year when global investment in carbon-free sources of energy matched investment in fossilfuels. High overseas demand for U.S.
Why in the world would DEP break the law just to ensure that a giant fossilfuel power plant can dirty the community’s air? NewsClip: -- AP: Attorney General’s Staff Meets With Dimock, Susquehanna County Residents Indicating Movement On Criminal Case Against Shale Gas Driller Related Articles: -- EQB To Meet Nov.
The Advanced Clean Fleets (ACF) rule, which I’ve blogged about in detail before, will phase out fossil-fueled trucks over the next several decades. The current draft of the ACF rule was released in late March and made several changes to the version that the California Air Resources Board (CARB) heard back in October 2022.
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.
To better understand the contribution that offshore wind could make to the winter reliability of the power grid, a new UCS study examined two sets of historical data from ISO-NE’s Variable Energy Resource time series over 22 past winter seasons (2000-2022). Source: Defense Visual Information Distribution Service.
5060 ), titled An Act Driving Clean Energy and Offshore Wind, into law on Thursday August 11, 2022. Reduction of FossilFuels. Other provisions include a ban on incentives and rebates from Mass Save related to fossilfuel powered systems, except as backup for electric heat pumps. Electric Grid.
By Anders Lorenzen The renewable energy sector experienced record growth in 2022 of 1%. But despite this, it did not shift the dominance of fossilfuels. 2022 was dominated by turmoil in energy markets , as Russia’s Invasion of Ukraine helped to boost gas and coal prices to record levels in Europe and Asia. .”
Last week the Government of Canada delivered on a longstanding commitment to end fossilfuel subsidies, effective immediately. Though the new rules are far from perfect, if they are applied with integrity they will make it impossible for the government to justify new public handouts to the oil and gas sector. Take last year.
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.
In 2022, hydrogen earned bipartisan support at the forefront of the national clean-energy discussion, particularly as a vehicle for decarbonizing hard-to-electrify sectors like heavy-duty trucking and shipping, or manufacturing industries like iron, steel, and cement. For comparison, the combustion of naturalgas produces about 0.42
On November 22, 2022, sixteen municipalities of Puerto Rico filed a lawsuit in the federal district court in Puerto Rico seeking to hold coal, oil, and gas companies liable for losses resulting from storms during the 2017 hurricane season and ongoing economic losses since that time. In Municipalities of Puerto Rico v.
[Note: DEP has funded a methane overflight research study of its own to help identify methane emissions from oil and gas, coal mines and landfills. Methane from fossilfuel operations, agriculture, and other industries causes roughly 30% of today’s global warming, according to the Environmental Defense Fund. Read more here.
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