SNAPSHOT: The Fossil Industry Goes for Broke

 
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Max Goessler/Pixabay

The top-line fossil sector news in 2018 made it tough to imagine the collapse of one of the world’s most powerful and politically connected industries. But while fossils held onto their considerable financial and political control over energy worldwide, deep cracks started to appear for the first time that will ultimately challenge their long-term dominance.

Coal closures were commonplace in 2018, oil and gas prices fluctuated wildly, and the realization increasingly dawned that proven hydrocarbon reserves can and must stay in the ground. But while the industry began to buckle under the weight of a global transition it could not stop, that shift was not keeping pace with countries’ commitments under the 2015 Paris Agreement, much less the urgent 1.5°C target set out by the Intergovernmental Panel on Climate Change (IPCC) in early October.

The Collapse of Coal

The most obvious, pervasive sign of fossil industry distress was the accelerating collapse of what was once a dominant coal industry. But coal plants were still operating in 2018, new ones were still being built, and the industry’s decline fell far short of the Paris targets. While momentum was quickly shifting away from the electricity source that will have to be the first phased out in any reasonable post-carbon pathway, there was still much more to be done as 2018 drew to a close.

The year opened on news that renewable energy in the European Union had outpaced coal in 2017, but the continent was still short of a full phaseout. Germany faced increased pressure to make the phaseout happen. France declared a 2021 phaseout deadline, less than a month after introducing a fossil production ban that would keep five billion barrels in the ground. Finland set a 2029 coal phaseout date and offered subsidies for faster action.

Spain’s new government unveiled a €250-million job transition fund to support its plan to shut down most coal mines by the end of the year. Canada’s coal phaseout was expected to eliminate 16 megatonnes of carbon pollution by 2030 and 100 megatonnes by 2055, and the co-chair of its Just Transition Task Force asked for a longer time span for job retraining funds. Renewable energy installations exceeded fossil capacity for the first time ever in the United Kingdom, where subsidy-free renewables and affordable storage were expected to leave natural gas out in the cold by 2030, and private sector action was speeding coal’s demise in Australia, despite the intentions of its pro-coal Liberal Coalition government.

Coal’s dominance in India was threatened by falling solar costs and mounting air pollution. New research showed 40% of China’s coal plants losing money, though the country quietly restarted construction on 46.7 gigawatts of new capacity. In Japan, other big industrials were expected to follow Tokyo-based conglomerate Marubeni’s lead after it signaled its exit from coal. Vietnam, Indonesia, and the Philippines were on track to lose US$60 billion on stranded coal assets in the next decade, and South Africa laid plans to replace coal and nuclear capacity with renewables and natural gas.

In the United States, power utilities hit an inflexion point, with solar and wind farms coming in less costly to own and operate than coal plants that were already built and paid for. Regional grid manager PJM Interconnection determined that power utility FirstEnergy Solutions could shut down four gigawatts—four billion watts—of existing coal capacity without compromising grid reliability, even as U.S. coal barons’ wish list became Donald Trump’s to-do list. Despite the former reality TV star’s best efforts, U.S. government data showed a promised coal recovery evaporating. Trump’s own appointees to the U.S. Federal Energy Regulatory Commission unanimously rejected his bailout plan for financially stressed coal and nuclear utilities, and the massive, 2,250-megawatt Navajo coal station in Arizona faced the reality of a 2019 closure date after a potential new owner backed out. Separate reports by the World Bank and the U.S. Energy Information Administration pointed to the futility of trying to rebuild the world’s rapidly failing coal industry.

Delegates to the IPCC meeting on low-carbon pathways in Incheon, South Korea, considered drastic coal cuts as a way to protect the 1.5°C target, and Bloomberg News analyst David Fickling said coal consumption just might achieve the required 60% reduction by 2030. But Carbon Tracker warned that coal plant retirements would have to triple just to match up with the Paris targets, and Oil Change International scorched the International Energy Agency for a set of future scenarios that would take climate change over the cliff.

Extreme Oil Meets Supply-Side Campaigning

After many years of determined, creative effort to reduce demand for fossil energy, campaigners pushed for a wider mix of decarbonization strategies, with a stepped-up focus on keeping known fossil fuel reserves in the ground.

Economists Fergus Green of the London School of Economics and Richard Denniss of the Australia Institute earned a thumbs-up from veteran Vox.com climate columnist David Roberts for their “cogent argument that the activists are onto something—that restrictive supply-side (RSS) climate policies have unique economic and political benefits and deserve a place alongside carbon prices and renewable energy supports in the climate policy toolkit.” The Stockholm Environment Institute said new fossil infrastructure imperils domestic and global climate goals. Earth scientist David Hughes showed that Canada will never meet its Paris Agreement targets if it keeps on scaling up oil and gas infrastructure, and Oil Change Senior Advisor Adam Scott pointed to Canadian fossils’ late-fall production cuts as a remarkable example of what a managed decline could look like. Fossil analysts at Wood Mackenzie concluded that a 2035 target for the off-fossil transition to reach the point of no return was too late to meet the IPCC’s 1.5°C target. Securing America’s Future Energy cast the country’s military spending as a minimum US$81-billion subsidy to the fossil industry

New Zealand banned new oil and gas exploration, while Danish Oil and Natural Gas renamed itself for noted Danish physicist and chemist Hans Christian Ørsted (over the legal objections of their new namesake’s descendants) and completed its transformation into an offshore wind powerhouse. California was told in no uncertain terms that it must phase out its fossil fuel production or lose its status as a climate change leader. The Institute for Energy Economics and Financial Analysis (IEEFA) looked askance at the business case for the new Teck Resources tar sands/oil sands megaproject in Alberta, and ExxonMobil subsidiary Imperial Oil announced a new bitumen project of its own, just as some of the province’s biggest fossils began cutting back production.

Renewables Win on Price

The other memo many fossils seemed to be missing was that the shift to renewable energy was continuing as the cost of renewables and energy storage continued to fall.

Oxford, U.K.-based Aurora Energy Research Ltd concluded that fossil companies stood to lose US$19 trillion in income by 2040, as cumulative electric vehicle sales hit 540 million and oil demand peaked in less than a decade. A Carbon Tracker analysis released at the Global Climate Action Summit in San Francisco showed fossil demand peaking in 2023. The economics of new coal and natural gas plants crumbled, Denver-based Xcel Energy said renewables were already undercutting the cost of existing fossil generation, and a study in the journal Nature Climate Change cautioned that a carbon bubble driven by cheap renewables could trigger a global economic crisis. Investment executives advised oil and gas to “face its future as a declining industry” and leave it to financial professionals to allocate the US$29 trillion that will be needed by 2050 to decarbonize the global energy system

Fossils Fight Back

Several fossil companies faced sustained pressure from their own investors. An annual general meeting resolution asked TransCanada Corporation to assess the business risk it faces in the low-carbon transition, and Kinder Morgan shareholders demanded the company report on its sustainability practices and climate-related investment risk. “As you are probably aware, these proposals are non-binding,” Executive Chair Rich Kinder said in a statement following the vote. IEEFA said ExxonMobil shareholders committed a “failure of epic proportions,” after an earlier push to hold the company’s board to a higher standard of climate risk disclosure fizzled, and New York said it would see Exxon in court.

But the company was undeterred, with management doubling down on future oil and gas production even as a former executive urged fossils to get with the program. BP foresaw its emissions rising through 2040, with oil demand peaking at 110 million barrels per day, and CEO Bob Dudley called for trillions in new fossil spending. Royal Dutch Shell CEO Ben van Beurden refused to set a carbon reduction target after his company sustained a shareholder grilling on its greenhouse gas emissions, ultimately pursuing a strategy of extracting all its fossil fuel reserves before they become stranded assets. A lawsuit asserted that #shellknew about the dangers of climate change as far back as 1988. In early December, Shell became the world’s first colossal fossil to tie executive pay to greenhouse gas reductions. OPEC expected oil to draw US$11 trillion in new investment through 2040.

Carbon disclosure and pricing emerged as mainstream practices for investors and big businesses, and fossil-focused Houston, Texas, recognized that it faces Rust Belt status if it fails to embrace a renewable energy future. The Petroleum Services Association of Canada said it would lobby the Canadian government for an energy industry that includes renewables as well as fossils.

But taxpayers were still underwriting the fossil industries their governments needed to rein in in time to deliver on the post-carbon transition. The Trump administration used tax breaks and regulatory fixes to keep U.S. pipeliners and coal operators afloat; OECD countries issued fossil fuel subsidies worth at least US$373 billion as recently as 2015; and the average Canadian tax return included a $234 giveaway to Big Oil, even though two-thirds of those taxpayers opposed fossil subsidies. During midterm elections in November, U.S. citizens in 24 states seized control of the energy agenda with a total of 64 ballot initiatives, though fossils won big in Arizona, Colorado, and Washington State when they chose to throw their overwhelming financial weight around on specific ballot issues. U.S. fossils lost control of the climate denial network they had spawned, but still sought the right PR strategies to fight public opinion and slow down the shift away from fossil fuels.

Pollution in All Places

The fossil industry continued to do severe damage to the atmosphere and the environment, even as its business model became more and more tenuous.

NASA pointed a finger at natural gas as the clear culprit in spiking methane emissions, and Oil Change said G20 countries’ plans for new gas infrastructure would undercut their climate promises. Fracking needed a 329-fold reduction in its environmental impact to match the sustainability of renewables, and fossils geared up for a new wave of liquefied natural gas (LNG) expansion. The LNG Canada consortium approved a C$40-billion megaproject in British Columbia, three more Canadian LNG projects inched toward construction in 2019, and the Squamish Nation in British Columbia approved a C$1.1-billion impact and benefit agreement with the Woodfibre LNG project.

As the reality of declining gasoline demand began to set in, fossils launched a US$186-billion investment binge in future plastic pollution, betting big that plastics and petrochemical demand would be enough to offset emission reductions in other sectors. Tar sands/oil sands producers began searching for bitumen products “beyond combustion,” while some U.S. states looked to the petrochemical boom to turn the Rust Belt into the Plastics Belt.

After Canadian Environment and Climate Change Minister Catherine McKenna approved oil and gas drilling off the Nova Scotia coast, it took less than four months for BP’s “safe” offshore drilling program about 330 kilometres east of Halifax to spill 136,000 litres of toxic mud into the Atlantic Ocean. U.S. risk mitigation specialist Dr. Robert Bea, leader of the Deepwater Horizon Study Group and co-founder of the U.S. Center for Catastrophic Risk Management, concluded that BP had underestimated the risk of a “sustained, uncontrolled blowout.”

After the Newfoundland and Labrador government set a 12-year strategy to step up its search for offshore oil, Husky Oil’s SeaRose offshore drilling platform lost 250,000 litres in a major storm, producing the region’s worst oil spill ever and putting seabirds at risk of an agonizing death. The Canadian Association of Petroleum Producers got special advance access to federal marine protection regulations for the Laurentian Channel, a biologically diverse portion of the Gulf of St. Lawrence southwest of Newfoundland, and the 2018 federal budget included major funding for a protected areas strategy but no action on fossil fuel subsidies. European Union parliamentarians noticed a revolving door between public sector regulatory positions and the fossil industry.

A wave of opposition greeted a White House plan to expand offshore oil drilling, with coastal states worried about putting tourism and recreation businesses at risk. “Ain’t gonna happen. Not on my watch!” declared South Carolina state representative Nancy Mace, a newly elected legislator described by the Washington Post as a former Trump campaign worker and fiscal conservative.

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U.S. President Joe Biden is expected to pause new oil and gas leasing on federal lands and waters and unveil an ambitious plan to put environmental justice at the centre of his climate program in a series of executive orders to be signed later today.

Appeal Judge Withholds Key Environmental Permit from Dakota Access Pipeline

A U.S. appeals court has upheld a lower court decision to reject key environmental approvals for the fiercely-contested Dakota Access pipeline, while reiterating its own conclusion that District Judge James E. Boasberg went too far in ordering the pipeline to shut down.

Inventors Unveil New EV Battery that Charges in Five Minutes

An electric vehicle battery that charges in just five minutes is now commercially ready—so long as EV charging systems are up to the task, say its inventors. And BP’s Advanced Mobility division is keen to make that happen.

Alberta Coal Expansion Plan Raises Flags Over Past Toxic Contamination, Missed Monitoring

EDMONTON — Critics are asking why Alberta Environment has been sitting on years’ worth of data about pollution from coal mines while the government considers a dramatic expansion of the industry.

BlackRock Presses Businesses on Climate Disclosure as Campaigners Push BlackRock to Divest

BlackRock CEO Larry Fink is receiving media play for endorsing net-zero investments in his annual letter to investors, but taking fire from fossil divestment analysts who see little change in what one group calls the company’s “extremely weak coal commitment”.

TC Energy May Survive Keystone Cancellation Unscathed. Alberta Not So Much.

In the wake of U.S. President Joe Biden’s decision to cancel the Keystone XL pipeline, analysts say proponent TC Energy should be able to walk away from the intensely controversial megaproject relatively unscathed. But the same can’t be said for the Jason Kenney government in Alberta, whose eleventh-hour subsidy kept the pipeline alive long enough for Biden to shut it down.

BP Slashes Fossil Exploration Team from 700 to 100 as Shift to Renewables Takes Hold

Colossal fossil BP has cut its oil and gas exploration team from more than 700 geologists, engineers, and scientists to fewer than 100, as new CEO Bernard Looney begins reorganizing the company’s operations in response to the climate crisis.

Japanese ‘Environmental’ Fund Finances Vietnam Coal Plant

Polish Utilities Dump Coal for Offshore Wind

6,000 Home Batteries to Help Power Hawai’i’s Green Grid

Humber-Area Residents React to Local Pipeline Project

UVic Divestment Plan Falls Short on Carbon Cuts, Reconciliation

LNG Producers Squabble over Patent Dispute

IEEFA Warns Investors Off Two New Virginia Gas Plants

Iowa Utility Under Pressure to Shut Down Coal Plants

Minnesota Ratepayers to Save $160M from Wind Farm Repowering Project

EU Boosts Solar Output by 7 TWh in Third Quarter of 2020

Two Spanish Developers Compete for Big New Pumped Storage Project

Developers in Japan Shift Toward Green Buildings

Colossal Fossil Total Buys 20% of Coal Giant Adani’s Green Subsidiary

Cyprus Touts Gas Pipeline as Part of 2050 Carbon-Neutral Goal

EU Funds Farmers to Reduce Methane Belches from Livestock

Time to Move On from Keystone, Ambassador Says, as Biden, Trudeau Talk Climate Cooperation

With U.S. President Joe Biden making climate action a top priority for his new administration, and an analyst warning that the Keystone XL pipeline cancellation will stifle Alberta’s fossil industry for years, Canada’s U.S. ambassador is saying that it’s time to move on and focus on other opportunities in the bilateral relationship.

‘Gas Is Over’, EU Banker Declares, Casting Pall on Ontario Teachers’ Fund’s Net-Zero Plans

A European banking executive’s declaration that “to put it mildly, gas is over” is casting a pall over what should have been a moment of triumph for the Ontario Teachers’ Pension Plan (OTPP)—the release of a new net-zero emissions plan, just a month after the fund became majority owner of Italy’s second-largest natural gas pipeline network.

Rethink ‘Pugilistic’ Approach to Pipelines, Environment, Political Scientists Advise Kenney

EDMONTON — Political analysts say Premier Jason Kenney must rethink his traditional “fight back” approach and start building bridges to reconcile environmental concerns with oil and gas development.

Keystone Decision Triggers Calls for More Pipeline Cancellations [Sign-ons]

After President Joe Biden kept his promise to cancel the Keystone XL pipeline, with a Day One executive order rescinding the presidential permit for the project, Indigenous campaigners and climate organizations were quick to respond with pressure on the United States and Canada to turn the decision into a trend.

White House Says More Climate Action Coming in ‘Omnibus’ Order Next Week

U.S. President Joe Biden is planning another week of rapid action on the climate emergency, Reuters reports, citing a White House memo that promises a “series of regulatory actions to combat climate change domestically and elevates climate change as a national security priority”.

EVs Surge Toward Mass Adoption as Sticker Price Falls, More Models Enter Market

Two new analyses show electric vehicles approaching a “tipping point” for mass adoption, with global sales rising 43% last year, battery costs plunging, and the number of models available in the United States expected to triple over the next three years.

81% of ‘Removed’ Atmospheric Carbon is Reused to Extract More Fossil Fuel

The global operational capacity of carbon capture and storage (CCS) currently stands at 39 megatonnes (Mt) of CO2 per year, or roughly 0.1% of global annual emissions, with deployment slow and plagued by accidents. And despite its fervid marketing as a climate saviour, CCS today is primarily used merely to extract more fossil fuels.

Norway to Offer Barents Sea Exploration Permits Later This Year

Environmental groups and opposition parties in the Norwegian parliament are pointing to a severe disconnect from the country’s climate targets after Oil and Energy Minister Tina Bru announced plans last week to open up new oil and gas exploration permits in the Arctic in the second quarter of this year.

Australian Gas Companies Investing Heavily in Political Influence, New Analysis Shows

Vattenfall to Convert Retired German Coal Plant to Green Hydrogen

Pipeline Builder Enbridge Pitches Shares to Environmentally Conscious Investors

Irving Refinery Cites Falling Demand after Laying Off 60 in St. John

U.S. Homebuilders Lobby to Block Climate-Safe Construction Codes

Japan Development Bank Earmarks $500M for Wind

North Macedonia Issues Call for 60 MW of Solar

Turkey Places Itself Among Top Four Countries for Geothermal

Equinor May Sell Off Failed Fracking Operations in Montana, North Dakota

Inner Mongolia, China’s Biggest Coal Province, Defies National Goals

UAE Touts Blue Hydrogen as Pathway to Emission Cuts

Seven Big Producers Team Up to Deliver 25 GW of Green Hydrogen by 2026

Canadian E-Bus Maker, Battery Recycler Announce Successful Pilot Project

‘Humiliated’ Kenney Demands Trade Sanctions, Could Sell Pipeline for Scrap as TC Shuts Down Keystone Construction

A “humiliated” Alberta Premier Jason Kenney demanded trade sanctions against the United States, TC Energy cut 1,000 construction jobs, Fox Business and the Wall Street Journal falsely claimed 10,000 to 11,000 jobs lost, and the Keystone XL pipeline was at risk of being sold off for scrap after President Joe Biden signed a Day One executive order cancelling the presidential permit for the intensely controversial fossil megaproject.

Flurry of Biden Executive Orders Returns U.S. to Paris Agreement, Begins Reversing Trump Deregulatory Agenda

News reports Wednesday heralded the dawn of a new era in U.S. climate, energy, and environmental justice policy, as President Joe Biden marked his first day in office by signing a wave of executive orders to begin rolling back four years of deregulation under Donald Trump.

Global Energy Transition Investment Grows 9% in 2020, Hits Record $501 Billion Despite Pandemic

Global investment in the energy transition hit a record US$501.3 billion last year, posting a brisk 9% increase in spite of the severe restrictions created by the COVID-19 pandemic, according to new data released this week by BloombergNEF.

Wind power turbine

Alberta, B.C. Polls Show Strong Support for Net-Zero, Low Buy-In for LNG

More than two-thirds of Albertans support a 2050 target for net-zero emissions, and six in 10 British Columbians back clean energy over liquefied natural gas (LNG) development, according to separate research released last week by the Pembina Institute and Clean Energy Canada.

Canadian Carbon Price Proponent Pushes Back on False Narratives

Those peddling the notion that Canada’s federal government is holding back some portion of the federal carbon tax from its citizens are pushing a false narrative, writes Toronto-based Clean Prosperity, in an analysis that lays out the plain truth: nine out of every ten dollars is returned via taxpayer rebates, with the remainder going to support local emissions reduction projects.

B.C. Regulator Imposes Independent Auditor After Coastal GasLink Imperils Prime Fish Habitats

Northeastern British Columbia pipeliner Coastal GasLink has been ordered to abide by provincial laws and start preventing polluted sediments from flowing from its work sites into prime fish habitats. And it won’t be trusted to take these protective measures on its own.

After Early Momentum, Cascadia Region Loses Focus on Climate Action

Political infighting, misinformation campaigns, and serial communication failures have dashed any hopes that the Cascadia region would take the lead in the climate fight and significantly reduce its emissions by the end of last year. Now, angry young people are asking the courts to force their leaders to do a better job, and fast.

Fitch Sees Asian Solar, Wind Exceeding 1,500 GW by 2029

Survey Shows Oklahoma, Texas Drawing More Fossil Investment than Alberta

Norway Projects Oil Production Cuts through 2023

Hydrogen Train Deal Brings Investor Attention to B.C-Based Ballard

Analysts Tout Intertie Between Site C in B.C., Electricity Demand in Alberta

$28-Million Rural Recovery Grant in Utah Boosts Fossils Instead

New Mexico Regulators Cite 100% Clean Power Law in Blocking Utility Gas Project

Japanese Owner Writes Off Australia’s Newest Coal Plant as Worthless

New Renewables Investment Follows South Korea’s Net-Zero Promise

Political Uncertainty Drives Fossils, Renewable Developers Out of Mexico

Brazil’s Installed Solar Reaches 7 GW as Country Sets 45% RE Goal for Mid-Century

Colossal Fossil Total Buys French Biogas Company

$38-Million Investment to Help Nigerian Firm Bring Solar to West Africa

Hydrogen Fuel Cells Emerge as Affordable Backup for Solar Microgrids

Fossils Create Less than 1% of Canadian Jobs, Making 20-Year Phaseout ‘Very Feasible’, Study Concludes

The Canadian economy has added 42 new jobs for each one it has lost in fossil fuels since 2014, and a 20-year industry phaseout would only reduce fossil employment by about 8,500 positions per year—as many as the country usually creates every 10 days—concludes economist Jim Stanford in an analysis published this week by Environmental Defence.

Biden Brings a Policy ‘Sea Change’, Podesta Tells GreenPAC Webinar

An aggressive program of executive actions and green investments, a White House staffed with “climate champions”, and a concerted effort to rebuild the U.S. government’s scientific capacity and morale will all begin to take shape today with the inauguration of President Joe Biden, former White House counsellor John Podesta said Tuesday afternoon, during a webinar hosted by Toronto-based GreenPAC.

Campaign Promises, Cabinet and Senate Leadership Put Climate at Centre of Biden Agenda

When Joe Biden and Kamala Harris are sworn in later today as the 46th president and 49th vice-president of the United States, they’ll take office with a raft of campaign promises and a team cabinet nominees and committee chairs that hold the potential to deliver fast, decisive action on the climate crisis.

TC Energy Touts ‘Zero-Emissions’ Plan, Kenney Threatens Court Action as Keystone Cancellation Looms

Calgary-based pipeliner TC Energy touted a “zero-emissions” approach to its fossil fuel transportation business, the federal and Alberta government vowed to continue the fight, and Premier Jason Kenney admitted his province stands to lose a billion-dollar gamble as the reality sank in that U.S. President Joe Biden is expected to cancel the Keystone XL pipeline after he’s sworn in later today.

Alberta Cancels 11 Coal Leases, Allows Development on 420,000 Hectares after Petitions Gather 100,000 Signatures [Sign-Ons]

EDMONTON — Alberta has decided to cancel recently issued coal leases in the Rocky Mountains, as public opposition grows to the United Conservative government’s plan to expand coal mining in the area.

84% of New U.S. Generating Capacity Will Deliver Fossil-Free Electricity This Year

Wind and solar will deliver 70% of new U.S. renewable energy capacity this year, compared to only 16% expected to come from natural gas, while battery storage will vault to 11% of the total, according to new data released last week by the U.S. Energy Information Administration (EIA).

Be Wary of Plans for Direct CO2 Removal, Greenpeace Warns Investors

While direct carbon removal (DCR) technologies like afforestation and direct air carbon capture are showing up in climate plans across the corporate world, it will be sharp emissions reductions, not DCR, that actually will keep a 1.5˚C climate target in view, Greenpeace UK warns in a new report.

Weak Climate Risk Disclosure Puts Canadian Businesses at Disadvantage

With Canadian companies continuing to flout climate risk disclosure regulations, even as many of their global competitors come clean, the CEO of one of the nation’s largest investment managers says the disconnect will come back to burn the economy, particularly as the country struggles to rebuild from the pandemic.

Civil Rights Advocates Decry New Ohio Anti-Protest Legislation

As Ohio quietly moves to bring down a larger hammer on those who trespass on oil and gas infrastructure, activists and civil liberties defenders fear the crackdown against the Capitol Hill insurrection two weeks ago will be used to justify further suppression of fair protest.

Massachusetts Governor Vetoes 2050 Net-Zero Law

BitCrude Completes Commercial Demonstration for Semi-Solid Bitumen Shipping

Delay of Calgary’s Green Line LRT Could Cost Tens of Millions: Nenshi

Prince George Petrochemical Plan Gets New Lease on Life

Concrete Producer Lafarge Claims 30-70% Carbon Reduction

Qatar Investment Fund, Colossal Fossil Enel to Fund Renewables Push in Africa

Solar+Hydro Storage Brings Hawaiian Island to 80% RE

BREAKING: Biden to Cancel Keystone XL Pipeline, Rejoin Paris Agreement on Day One as ‘10-Day Blitz’ of Executive Actions Kicks Off

U.S. President-elect Joe Biden plans to rescind the presidential permit for the Keystone XL pipeline and bring his country back into the Paris climate agreement on his first day in office Wednesday, CBC reported yesterday, kicking off a 10-day blitz of executive actions this week and next, a first step in shifting the country’s direction after four years under the influence of Donald Trump.

Alberta Inquiry Touts ‘Junk Climate Denial’, Conspiracy Theories in Fossil Industry’s Defence

Alberta’s C$3.5-million inquiry into supposed foreign-funded interference with the province’s fossil industry is advancing “junk climate denial science, bizarre conspiracy theories, and oil industry propaganda,” according to critics who’ve reviewed a series of commissioned studies now available on the inquiry’s website, CBC and the Globe and Mail report.

75 Indigenous Women Leaders Urge Biden to Halt Major Pipelines

Indigenous women leaders across the United States have called upon President-elect Joe Biden to put an immediate and permanent halt to three of the country’s pipeline projects, saying Indigenous rights and the threat of “climate chaos” demand an end to the reign of fossil fuels.

New Ministerial Mandate Letters Lay Out Federal Agenda on Climate, Green Recovery

While the government’s response to the COVID-19 pandemic is still necessarily taking up most of the oxygen on Parliament Hill, climate action and a green recovery figure fairly prominently in a new batch of ministerial mandate letters released last Thursday by Prime Minister Justin Trudeau.

McCarthy: 2021 Could Be ‘Pivotal Year’ for Climate Action

With climate action and ambition accelerating toward the end of last year, in Canada and internationally, and COVID-19 vaccine distribution under way, 2021 could be a pivotal year in the fight to get the climate crisis under control, writes Shawn McCarthy, senior counsel at the Sussex Strategy Group, in a post last week for Policy Options.

Report Declares Carbon Capture and Storage a ‘Dangerous Distraction’

Anyone banking on carbon capture and storage (CCS) as the silver bullet that will allow for undisturbed continuation of the fossil fuel business had better have (extremely) deep pockets, reports Grist, citing a new study that declares the technology gobsmackingly expensive, wildly inefficient, and a dangerous form of climate-action delay.

Southern Alberta Monolith Carries Message Against Rocky Mountain Coal Mining

A towering stainless steel monolith set up along the eastern slopes of the Rocky Mountains in Alberta comes with a message.

Newfoundland Offers Suncor $175 Million to Restart Terra Nova Offshore Oilfield

Newfoundland and Labrador is offering C$175 million to the owners of the dormant Terra Nova offshore oilfield, but only if oil starts pumping again.

IEA Warns of Post-Pandemic Emissions Rebound

U.S. Expects 15.4 GW of New Grid-Scale Solar in 2021

Suncor Worker Dies After Dozer Falls Through Ice on Inactive Tailings Pond

Renewable Microgrid is Port of San Diego’s ‘Crown Jewel’

California Could Need 55 GW of Storage by 2045

Louisiana Sees Offshore Oil and Gas Hub Shifting to Wind

Pumped Storage Helps Stabilize UK Grid

Uzbekistan Sets Course for Up to 800 MW New Solar

Bangladesh Brings 50-MW Solar Plant Online

Trump Officials Aim to Permit Polar Bear Disruptions in Arctic Refuge

Orlando Utility’s ‘Net-Zero’ Plan Allows Continuing Fossil Fuel Use

Five-Year Contract with Sichuan Supplier is Tesla’s Latest Lithium Supply Deal

Photo Essay Captures Iceland’s Drive to Net-Zero

New Offshore Drilling Permits Could Put Canada’s Climate Targets Out of Reach, Endangered Right Whales at Risk

The federal government is putting its own climate targets out of reach, triggering higher carbon dioxide and methane emissions, putting endangered North Atlantic right whales at further risk, and undercutting the new impact assessment process it adopted less than two years ago, according to environmental groups reacting to the approval of three new fossil exploration projects off the coast of Newfoundland and Labrador earlier this week.

Alberta Sends Warning Letters, Imposes No Fines in ‘Really Serious Case’ of Falsified Documents

A “huge” case of falsified records, in which 59 reclamation certificates for abandoned gas wells were rescinded by the Alberta Energy Regulator (AER), has resulted in warning letters and media coverage but no financial penalties for the two companies involved, after a complex investigation ran into the two-year limit imposed by provincial legislation.

$85 Billion in Coal Investments Leave BlackRock Open to Charges of Greenwashing

A year after BlackRock CEO Larry Fink issued a landmark investors’ letter that stressed climate risk and fossil fuel divestment, the world’s biggest asset manager is being accused of greenwashing in a report that documents US$85 billion the company still holds in the coal sector.

Mega-Shareholders Demand Real Net-Zero Action from HSBC

A bloc of HSBC shareholders have filed a resolution urging Europe’s largest bank to stop funding the fossil industry, with coal at the top of the list. Among these activist investors are the world’s largest publicly-traded hedge fund company and Europe’s largest listed asset manager.

Carbon emissions from a coal plant in Germany

Higher Emissions from Fossil Plants Could Drive Up Global Power Demand by 27 Gigawatts

In a global first, a study just published in the journal Environmental Research Letters concludes that reliance on fossil-fuelled power plants in a warming world could drive up global electricity demand by as much as 27,000 megawatts.

Higher ‘Value of Carbon’ Guidance Could Boost Aggressive Climate Policy

New “value of carbon” guidance from the New York Department of Environmental Conservation could spur stronger climate action in all sectors, while encouraging land use reform and carbon sequestration. At US$125 per metric tonne, the new estimate blasts past the New York Public Service Commission’s 2020 rate of $43.

Canada’s Net-Zero Framework May Be Too Little, Too Late for the North

Empty rhetoric, ignorance, vested interests, and systemic racism—all persisting even as the climate crisis melts away the life-sustaining Arctic ice—may well mean that any achievement in Canada’s 2050 net-zero target will come too late for those who call the North home.

More Investment, More Renewable Options Needed to Hit Rapid Decarbonization Goals

Renewable energy investment is falling short of what’s needed to meet rapid decarbonization goals, and national implementation strategies often work to the disadvantage of small and medium-sized renewable energy producers, according to a think tank study released late last year.

Cities Help Build Momentum for Fossil Fuel Non-Proliferation Treaty

A plan for a global fossil fuel non-proliferation treaty, first introduced last year in a paper co-authored by Canadian climate campaigner Tzeporah Berman, may soon get a boost from three major cities in the United States and Spain.

Restoring Energy Efficiency Rules a Top Priority for Biden Administration

Analyst Counters ‘Fairy Tale’ that Australian Coal Creates Many Jobs, Pays Fair Share of Taxes

Nike, H&M Among 29 Brands Pressing Vietnam for More Renewables

Vancouver Weighs Fairness of Congestion Pricing

Two Quebec Firms Team Up on Green Hydrogen Development

Feds Fund 100 Edmonton Building Retrofits Over Two Years

Underground Oil Leak Hits Alaska’s Kenai Peninsula

New Consortium to Develop Ocean Energy for Puerto Rico

Plan for Gulf Coast LNG Terminal Runs Ahead of Schedule

Spain Issues New-Style Tender for 3 GW Solar, Wind

E-Bikes Drive Carbon-Free Future for East Africa

African Cities Provide Customer Base for Minigrids

Animal Products Priced Far Too Low to Reflect Climate Impacts

LNG Prices Hit Six-Year High

GE’s New 13-MW Offshore Wind Turbine Sets Off ‘Industry Arms Race’

Surge of New Oil Drilling Permits Could Help U.S. Fossils Withstand Biden Climate Plan

In the closing months of the Trump administration, fossil companies stockpiled enough drilling permits for western public lands to keep pumping oil for years and undercut President-elect Joe Biden’s plans to curb new drilling because of climate change, according to public records and industry analysts.

Norway Boosts Carbon Tax to $237 Per Tonne by 2030

Norway will more than triple its national carbon tax by 2030, from kr 590 to kr 2,000 (US$70 to $237) per tonne of carbon dioxide, under a plan released last Friday by Environment Minister Sveinung Rotevatn.

B.C. Health Officer Permits Workers to Return to Controversial Dam Project

With a conditional green light from British Columbia provincial health officer Dr. Bonnie Henry, Site C dam construction crews are embarking on a staged return to work, even as cabinet officials prepare to review a major study that could shut the project down for good.

Peaceful Pipeline Protesters Arrested Along Line 3, Just Days After Capitol Hill Violence

Just days after white supremacist terrorists converged on Washington, DC and sacked the U.S. Capitol, 300 water protectors and Anishinaabe jingle dress dancers gathered peacefully at an Enbridge work site in Minnesota to protest construction of the company’s Line 3 pipeline.

Africa Needs ‘Decarbonization Shock’ to Prevent Decade of New Fossil Fuel Investments

It will take a “decarbonization shock” to jolt utilities and governments in Africa into a quick transition to renewable energy this decade that avoids investments in fossil fuel projects that will lock the continent into a future of high-carbon development, warns a report this week in the journal Nature Energy.

COVID Recovery Funds, Green Jobs Could Help Developing Countries Drive Down Emissions

COVID-19 recovery funds and green job investment could be a cornerstone for efforts by more than 20 developing nations to come up with new, improved national climate plans, according to a Seoul, South Korea-based organization that is working on Green New Deal-type plans with nearly a dozen different countries.

One-Third of Green Funds Invest in Fossil Stocks

Abu Dhabi Confirms Funding for 2-GW Al Dhafra Solar Plant, World’s Biggest

Senegal Seeks Mini-Solar Plants for 177 Rural Villages

Scotiabank Refuses to Fund Arctic Refuge Drilling

UNESCO Raises Flags Over Vancouver Fossil’s Botswana Project

Washington State Pushes Utilities Toward Coal-Free by 2025, Carbon-Free by 2045

North Dakota Scrambles to Protect Drinking Water from Fracking Waste

South Korea Aims for 42% Renewables by 2034

Indonesia Looks for Private Partners to Build Large Solar Installations

Alaska Aims to Penalize Banks that Won’t Invest in Fossils

Desert-to-Power Plan to Deliver Solar for Sahel

Climate Deniers Cheer Trump’s Murderous Mob as Campaigners Decry Preferential Treatment

After white supremacists stormed and sacked the U.S. Capitol last Wednesday, some of the country’s most prolific climate deniers took to social media to amplify the misinformation and conspiracy theories Donald Trump had used to animate the mob. Indigenous and Black community campaigners, meanwhile, contrasted the preferential treatment many of the rioters received with the vastly more aggressive response to recent protests against fossil pipelines and racial injustice.

UK Accused of ‘Rank Hypocrisy’ After Allowing New Underground Coal Mine

The UK government is being accused of “rank hypocrisy” that “beggars belief”, after failing to rescind local approval of the country’s first new underground coal mine in 30 years while preparing to convene this year’s United Nations climate change conference, COP 26, just 10 months from now.

Parade of Alberta Coal Developments Threatens Recreation Areas, Biodiversity

EDMONTON — At least five popular recreation areas in southern Alberta are surrounded by coal exploration plans and one of them has been partly given over to an exploration lease, raising questions about their future with lovers of the outdoors.

Forest Carbon Offsets on the Agenda as France’s One Planet Summit Confronts Biodiversity Loss

Global leaders are in the midst of a high-stakes virtual summit today, aimed at rebooting international diplomacy on climate change and species extinction ahead of a United Nations biodiversity conference scheduled for October.

Desjardins Unfriends Coal, Rockefeller Drops Fossil Investments in Year-End Announcements

Two high-profile North American investors closed out 2020 with pledges to reduce the carbon footprint of their portfolios, with Lévis, Quebec-based Desjardins Group promising to drop most of its coal investments and the storied Rockefeller Foundation saying it will purge its US$5-billion endowment of fossil fuel holdings.

Haley: $170/Tonne Carbon Price Still Needs Green Industrial Policy to Set Direction

While Canada’s pledge to achieve a carbon price of C$170 by 2030 gives the country “a credible shot” at hitting its 2030 climate targets, the invisible hand of the marketplace won’t deliver a just transition to a lower-carbon economy without a green industrial policy to chart the course, Broadbent Institute policy fellow Brendan Haley argues in a recent blog post.

Cash for Clunkers Program Would ‘Supercharge’ the Shift to EVs, Automakers Say

Canadian automakers are jumping onboard the federal government’s updated climate plan and calling for an extensive “cash for clunkers” program to cut emissions and drive the shift to electric vehicles.

Epic Failure for Trump as Fossils Show Little Interest in Alaska Refuge Oil Leases

Donald Trump sustained an epic defeat last week when a widely-criticized, eleventh-hour bid to sell oil and gas exploration leases in the ecologically fragile Alaska National Wildlife Refuge (ANWR) produced only a fraction of the revenue or industry interest his administration was hoping for.

Climate-Related Hunger, Drought, Conflict to Cost Kenya $62 Billion

Canada Pushes Back on ‘Unwarranted’ U.S. Solar Tariffs

North Dakota Fossils Demand Relief on Royalty Payments

Renewables Output Exceeds Fossil for First Time in Germany

India Earmarks $60B for New Gas Infrastructure

Land Institute Urges Net-Zero Action on Toronto Rental Housing

Minto Hosts Hackathon to Find Energy, Circular Economy Solutions

U.S. Farmers Face ‘Abandonment Issues’ with Obsolete Oil Wells

Japan Plans ‘Huge’ Boost for Offshore Wind

Egypt Signs Oil and Gas Exploration Deals Worth $1 Billion

Solar to Power Irrigation, Water Treatment in Jamaica

Momentum from 2020 Drives Hopes for a Year of Climate Action

After a horrid year of pandemic lockdowns and searing inequalities that nevertheless produced surprising progress for climate action and carbon reduction commitments, several news outlets are looking ahead to 2021 with something that sounds an awful lot like optimism.

‘Baked-In’ Warming Will Push Temperature Rise Past 2°C, Adding Urgency to Net-Zero Push

Alongside the extreme weather events of 2020, new research that shows today’s atmospheric CO2 levels pushing average global warming beyond 2.0°C makes it that much more important to push a rapid decarbonization agenda, scientists say.

Democrats’ Senate Majority Means Green Policy Shift, Wider Rollback of Trump Deregulation

With Democrats poised to form a narrow majority in the U.S. Senate, following landmark run-off election wins this week by Senators-elect Raphael Warnock and Jon Ossoff of Georgia, the first two months of the Biden-Harris administration may be marked by a concerted push to roll back some of the worst deregulatory excesses of the Donald Trump years.

Students Press Ontario Teachers to Pull Retirement Funds Out of Fossil Fuels

TORONTO — An environmental coalition is appealing to Ontario teachers to pressure their pension fund to divest from companies that develop or transport fossil fuel products.

Scope 3 Emissions Boost Exxon’s Carbon Pollution to 730 Million Tonnes in 2019

Under mounting pressure from investors, colossal fossil ExxonMobil disclosed Tuesday that its operations accounted for 730 million tonnes of greenhouse gas emissions in 2019, making it the biggest emitter among western oil and gas companies and placing its carbon pollution on a par with a country like Canada.

Green-Talking Fossils Still Pay Big Executive Bonuses for Higher Production, New Discoveries

Even as the world’s top oil and gas companies talk earnestly about creating zero emissions targets, 27 of the 30 largest still link executive bonuses to fossil fuel production, says a recent report by Carbon Tracker.

Suncor Writes Off $425 Million in White Rose Oilfield Off Newfoundland

CALGARY — The new operator of the White Rose offshore oilfield says no final decision has been made about its future despite a move by partner Suncor Energy Inc. to take a C$425-million impairment charge, or downgrade, on the value of its stake, The Canadian Press reports.

Contaminants Hit North Saskatchewan River After Pipeline Spills 400,000 Litres of ‘Salty Produced Water’

CALGARY — Contaminated water that leaked from an oilfield pipeline on Christmas Day has entered the North Saskatchewan River but has had no detectable impact on it, a spokesperson for Calgary-based fossil ARC Resources Ltd. said late last month.

Experts Demand More Detail on United Airlines’ Direct Air Capture Plans

In the wake of United Airlines’ announcement of a multi-million-dollar investment in a Direct Air Capture (DAC) plant, experts in climate ethics and policy are cautiously praising the initiative—while recommending a very careful reading of the fine print.

Eleventh-Hour Brexit Deal Could Bring UK into EU Carbon Market

IEA Predicts 2.6% Growth in Coal Demand Next Year

Fossil Worker Retraining Program Looks to Expand

Campaigners Declare the Win as Colorado Coal Plants Set for Earlier Closure

Corruption Probe Drives Ohio Utility Down to Junk Bond Status

Norwegian Supreme Court Rejects Lawsuit Against Arctic Exploration

Rockefeller Aims for Sustainable Energy for a Billion People by 2030

Ecuador Buys 200 MW Photovoltaics at 6.9¢/kWh

BP, Amazon Unveil Closer Digital Partnership

With Plenty of Wind, Water, Scotland Has No Need for Nuclear, MP Says

CO2 Could Be Turned into Jet Fuel, But Technology is Decades Away

Nebraska Judges Halt Land Expropriations, Citing Biden Pledge to Cancel Keystone XL

Two Nebraska judges have halted land expropriations along the Keystone XL construction route, citing the likelihood that President-elect Joe Biden’s will cancel the pipeline after he takes office later this month.

Ontario Pension Plan Invests Teachers’ Retirement Savings in Italian Gas Pipeline Network

The Ontario Teachers’ Pension Plan closed out the year by buying a controlling interest in a fossil gas pipeline company in Italy, with an OTPP official claiming the deal is a “low- or zero-carbon” investment.

December Sees Three Dead, One Injured on Fossil Projects in Alberta, B.C., Minnesota

December was a hazardous month to work in the fossil industry, with workers killed or injured on projects in Alberta, British Columbia, and Minnesota.

$38-Million Subsidy Could Drive 10 More Years of Oil Drilling Off Newfoundland

ST. JOHN’S, NL — Newfoundland and Labrador is giving C$38 million to the Hibernia offshore oil project in a bid to protect 148 jobs over 18 months.

Some Tar Sands/Oil Sands Operations Cut Upstream Emissions 35%, But Life Cycle Carbon Only 2%

A new study based on internal company data from three Alberta tar sands/oil sands operations is showing upstream emission reductions of 14 to 35% compared to past data—but no more than about a 2% drop in life cycle emissions from extraction through consumption.

Battery Packs Hit ‘Historic Milestone’ with Record-Low Price Below $100/kWh

Lithium-ion battery pack prices dipped below the milestone of US$100 per kilowatt-hour in 2020, and the average price of batteries plummeted 89% in a decade to land at $137/kWh, according to a year-end survey released in mid-December by Bloomberg NEF, formerly Bloomberg New Energy Finance.

Federal Clean Fuel Standard Aims for 21-Megatonne Emissions Cut by 2030

Environment and Climate Change Canada has published draft rules for a new Clean Fuel Standard (CFS) that it says would focus primarily on fossil refineries, reduce greenhouse gas emissions from liquid fuels by nearly 21 million tonnes by 2030, and drive up the cost of a litre of gasoline by up to 11¢.

Opinion: Federal Nuclear Plan Confuses Science Fiction with Real Energy Technologies

Canada’s action plan for small modular nuclear reactors is nothing more than science fiction, writes analyst Burgess Langshaw-Power: idle dreams of an indefinite group of technologies which may be ready in a decade. In the meantime, renewable energy continues to leap ahead, mostly without any federal support.

New Congressional Funding, Tax Credit Extensions Create ‘Enabling Conditions for Decarbonization’

From solar and wind tax credits, to reductions in climate-busting hydrofluorocarbons, to financial support for battery storage, microgrids, combined heat and power, and carbon capture, the US$900-billion pandemic relief package adopted by the U.S. Congress late last month is being hailed as the most substantial federal investment and one of the biggest victories for climate action in a decade.

Twin Cities Program Offers Solar Subsidies in Return for Affordable Housing

A Minnesota regional planning agency is turning to the power of the sun to help improve a desperately tight housing market for low-income renters in the Twin Cities.

Smokestacks Come Down, Cleanup Begins as Navajo Coal Plant Closes

India Proposes Looser Deadline for Coal Emission Controls

Google Tests Data Centre Batteries for Grid Backup

COVID Outbreaks Hit Chevron, Syncrude Sites in Alberta

Home Heat Pumps Need Up-Front Financing to Tap Long-Term Savings

Minnesota Indigenous Groups, Enviros File New Suit Against Line 3

Climate-Denying Ex-Exxon Boss Ends 33-Year Stint on JPMorgan Board

Ohio Bribery Inquiry Trips Up $1-Billion Nuclear Subsidy

Coal Financing Collapses as More Countries Commit to Net-Zero

UK Fossil Cuadrilla Gives Up Part of Lancashire Fracking Licence

EU Transport Plan Risks ‘Biofuels Fiasco’

Trump Admin Deregulates Drilling in North Dakota Protected Areas

World’s Biggest Green Group Deals in ‘Meaningless Carbon Offsets’

Coal Giant Anglo-American Plans Shift to Green Energy

Central Asia Looks to Renewables as Best Shot at Economic Recovery

Wisconsin Utility Touts Hydropower as the ‘Original Renewable’

Ottawa Releases Flurry of New Announcements on Tree Planting, Hydrogen, Clean Fuels, SMRs

The Trudeau government is continuing its flurry of year-end policy moves on climate change and energy, with announcements earlier this week on hydrogen strategy and tree planting and more news expected today on a narrowed Clean Fuel Standard and small modular nuclear reactors.

‘Damn It Feels Good to Win’: Historic Diversity, Serious Climate Expertise as Biden Cabinet Takes Shape

As U.S. President-elect Joe Biden’s cabinet and senior White House appointments take shape, a picture is emerging of an administration that will be keenly focused on climate action and environmental justice—not only in the key portfolios traditionally responsible for environment and natural resources, but in important related areas from treasury to health, from transportation to trade.

In Conversation: World Energy Outlook’s Role is to Reflect Current Policy Plans, Push Decision-Makers to Do More, IEA’s Wanner Says

Brent Wanner is Power Sector Modelling Lead with the team that produces the annual World Energy Outlook (WEO) for the International Energy Agency. In this feature interview, he talks about the path to 1.5°C, the breakaway growth potential in renewable energy, and why the WEO’s purpose is to model the climate implications of current government policies and plans as a way to nudge policy-makers toward more ambitious climate action.

B.C. Sets New 2025 Emissions Target as Oil and Gas Projects Trigger ‘Alarming’ Increase

The British Columbia government is setting a new target for cutting greenhouse gas emissions by 2025 after determining it is further from reaching its goals than previously forecasted.

New East End Montreal LRT Will Be 25 to 70% Faster than Driving

Montreal’s light rail network has announced a C$10-billion expansion into the city’s perpetually underserved east end, meaning that residents will be just a minutes-long trip away from downtown once the 23 new stations and 32 kilometres of track go into service in 2029.

Lloyd’s Promises 2030 Withdrawal from Fossil Fuel Project Insurance, Draws Fire for Slow Timeline

The world’s biggest insurance network, UK-based Lloyd’s, is promising to end new investments in tar sands/oil sands, Arctic oil and gas, and coal by 2022 and stop insuring any fossil projects at all by 2030.

https://en.wikipedia.org/wiki/Mining_in_India

Pakistan Halts 27,000 MW of New Coal Development

Amid the 75 action commitments that different countries put forward at the United Nations Climate Ambition Summit last weekend, the Institute for Energy Economics and Financial Analysis (IEEFA) is pointing to a pledge from Prime Minister Imre Khan that Pakistan “will not have any more power based on coal”.

Trump Oil and Gas Auction in California Nets Only $46,000

Andhra Pradesh Plans 6.4 GW of Solar for Farm Users

U of T’s 750-Bed Student Residence in Scarborough Uses Passive House Design

WoodGreen Community Housing Retrofit Wins International Energy Efficiency Certification

Small Modular Reactors ‘Re-Engage’ Canada with Nuclear Weapons

Minnesota Utility to Replace 1,151-MW Coal Plant with Wind

Cambridge, Mass. Adopts First U.S. Gas Pump Warnings on Climate

U.S. Utility Sends Consultant Undercover to Influence Regional Grid Regulator

Coal Ash Imperils Indiana Water Quality

‘Daring Statement’ Has Philippine Bank Dumping Future Coal Financing

Solar Could Bring Down Energy Use in Tallest High Rises

Big Green Hydrogen Developers Aim to Boost Production 50-Fold in Six Years

Amazon Takes Lead in Corporate Clean Energy with 3.4-GW Buy

China Can Use Development Finance to Drive Green Recovery

Southern California Utility Orders 590 MW of Grid-Scale Batteries

Federal Climate Plan Garners Positive Response, Creates ‘Put-Up-Or-Shut-Up Moment’ for Alberta Fossils

A new federal climate strategy with a C$170-per-tonne carbon price at its core is receiving a largely positive response in initial media coverage, with news outlets and pundits crediting the government of Prime Minister Justin Trudeau with developing a program that might work—and telling provincial premiers to get with the program.

Exxon Faces Fierce Pushback After Climate Plan Offers No Guarantee of Emission Reductions

The pushback was fierce and pretty much instantaneous this week after colossal fossil ExxonMobil announced a vague climate plan that would reduce its greenhouse gas emissions per unit of oil and gas extraction, with almost nothing to say about the real cuts in carbon pollution required by climate science.

Energy Transition Could Cut Future LNG Demand by 75%, Leave Long Trail of Stranded Assets

Renewable energy, energy storage, energy efficiency, and green hydrogen are set to draw away more than 75% of future demand for liquefied natural gas (LNG), analysts at Wood Mackenzie warned last week.

With Fossil Plants Running Out of Time, U.S. Grid Decarbonization May Cost Less than Expected

With nearly three-quarters of the country’s fossil-fuelled power plants reaching the end of their operating life by 2035, it will probably cost the United States less than expected to decarbonize its grid over that time span, according to a new analysis published earlier this month in the journal Science.

Carbon Capture and Storage (Still) Falls Short of the Hype

A drastic increase in most countries’ carbon prices, to something above US$100 per tonne, will be the price of entry for anyone banking on carbon capture and storage (CCS) as a technological fix for the climate crisis while turning a profit for its providers, Greentech Media reports.

Federal Report Shows National Defence Dept as Biggest Carbon Polluter

Afghanistan Hospitals Turn to Solar as Lifeline

Tasmania Hits 100% RE

Australia, Japan Plot Undersea Storage for Carbon Emissions Waste

Colorado Start-Up Receives Grant to Shift Oil and Gas Wells to Geothermal

Quebec Offers Discounted Clean Power for Greenhouse Operators