Global investor touts methane opportunity with oil & gas industry

Institutional investors worldwide are increasingly encouraging oil and gas companies to improve and disclose their management strategies to minimize methane risk.

Methane – an invisible, odorless gas and main ingredient in natural gas – is routinely emitted by the global oil and gas industry, posing a reputational and economic threat to portfolios.

Natural gas is widely marketed as a low-carbon fuel because it burns roughly 50 percent cleaner than coal. But this ignores a major problem: methane. Natural gas is almost pure methane, a powerful pollutant that speeds up Earth’s warming when it escapes into the atmosphere. Read More »

Posted in Methane, Natural Gas| Tagged , | 2 Responses

New plan could double $2.5 billion energy efficiency success in Illinois

By Christie Hicks and Dick Munson

Just how valuable is energy efficiency? To the customers of ComEd, Illinois’ largest electric utility, efficiency’s value is in the billions – $2.5 billion, to be exact.

That’s how much ComEd customers have saved to date through the utility’s energy efficiency program, and thanks to a new plan under the Future Energy Jobs Act, more savings – and less pollution – are on the way.

ComEd agreed to invest $350 million each year for the next four years in energy efficiency programs, resulting in new initiatives that “will nearly double savings for customers and reduce electricity use in Illinois by 21 percent by 2030.” Read More »

Posted in Energy Efficiency, Illinois| 1 Response

How ‘Energy Week’ could learn from state clean energy leaders

President Trump’s administration dubbed last week “Energy Week,” including a theme of “energy dominance.” Instead of exploring America’s clean energy potential, we’re waiting for the July release of a report by the U.S. Department of Energy (DOE) examining whether the early retirement of power plants and impact on grid reliability can be blamed on requiring coal plants to reduce pollution while incentivizing clean energy sources. Taken together, and with the fact that the president pulled the country out of the Paris Agreement, America’s energy agenda gives me pause and cause to worry.

We don’t yet know what the DOE report is going to say, but judging from Secretary of Energy Rick Perry’s past stance on energy and his latest statements on the matter, it could suggest that the coal industry that has long-been economically uncompetitive due to oversupplied, cheap natural gas, could be propped-up to spew toxic emissions into the future.

Here is the reality: climate change is not a political issue; it is the single greatest threat we face as a generation. Clean energy is our best option to prevent the environmental situation from getting worse because it is at the core of every climate issue. Fortunately, Americans agree on this, and know something must be done. Read More »

Posted in Clean Energy, Energy Efficiency, New York, New York REV, Utility Business Models| Read 2 Responses

This city has impressive clean energy potential, but its utility is trying to block solar’s growth

The list of solar power’s benefits goes on and on.

Solar doesn’t pollute or waste water. Solar is getting cheaper every day, making it an increasingly affordable option for people to produce their own electricity and save money on their electric bills. The solar industry is employing thousands of people across Texas. And numerous studies show solar helps keep the electric grid balanced and reliable. What’s not to like?

Well, some utilities see customer-owned solar power as a threat to their profits – and want to stop its growth.

That’s why El Paso Electric has a new proposal that discriminates against homes and small businesses with solar panels. This proposal unfairly penalizes people who install solar, limits customer choice, and works against sunny El Paso’s impressive solar potential. Let’s break down the details. Read More »

Posted in Clean Energy, General, Solar Energy, Texas, Utility Business Models| Read 2 Responses

Careful what you wish for: Trump’s environmental attacks will harm industry

By Ben Ratner and Sean Wright

In the same week Apple raised $1 billion through green bonds to invest in clean energy, and Amazon put solar panels on a million square foot processing facility, the Trump administration – at the urging of the worst elements in the oil and gas industry –proposed a two-year delay of sensible rules that would limit emissions of methane and other air pollutants. While a federal court since struck down a previous 90-day delay as unlawful, the two-year delay is still subject to public comment, and many expect the administration’s attacks on methane safeguards to continue through other means.

Natural gas, which is mostly methane, has been put forward as a cleaner alternative to other fossil fuels and as an energy resource that can play a key role in the transition to a lower-carbon future. But now more than ever, that proposition is called into serious question.

How will natural gas compete in a changing world?

Every year, oil and gas operations around the country emit some 8-10 million metric tons of methane into the air. Methane is a highly potent greenhouse gas, responsible for about a quarter of the climate warming we’re experiencing today – and those emissions come mingled with a host of other smog-forming and carcinogenic pollutants. Read More »

Posted in Methane, Natural Gas| Comments are closed

How cities are using clean energy commitments to prosper

Cities have long been testing grounds for policy innovation. That identity is critical as we barrel headfirst into an urbanized world. As of 2014, 54 percent of the world’s population lived in urban areas, and the United Nations estimates that by 2050, over 6 billion people will live in cities.

So, it only makes practical and economic sense that local leaders around the world have doubled-downed on addressing one of, if not the, biggest threats to humans and the planet we call home: climate change.

In fact, over 300 U.S. mayors have reaffirmed their commitment to meet the climate reduction goals set forth in the 2016 Paris Agreement. Read More »

Posted in California, Clean Energy, Energy Equity, Energy Innovation, Pennsylvania| Comments are closed
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