Monthly Archives: July 2019

New analysis shows golden opportunity for New Mexico to dramatically reduce oil and gas methane pollution

By Jon Goldstein and Hillary Hull

A new EDF analysis reveals that, over the next five years, New Mexico policymakers have the opportunity to eliminate up to 60% of methane emissions stemming from the oil and gas industry by implementing a suite of nationally leading controls.

Methane is a potent climate pollutant and the main ingredient in natural gas. Methane that escapes from oil and gas facilities is damaging to the climate and the state’s economy.

Our analysis finds that by implementing leading practices for methane capture, New Mexico can make a serious dent in its headline-making pollution problem, save more than $5 billion worth of natural gas and add more than $730 million to the state budget over the next decade. These measures will protect children’s health and improve education funding for the next generation of New Mexicans.

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Posted in Air Quality, Methane, New Mexico / Comments are closed

Can fossil fuel companies find a place in a climate-friendly world?

We have to transform our energy system to avert the worst impacts of climate change. And if oil and gas companies want a place in that future, they must transform themselves—or else be consigned to history. Is it realistic to think fossil fuel companies could be part of the solution? Plenty of reasonable people say no, but I think constructive engagement with some in the industry can speed the transition. A few companies have taken meaningful steps in the right direction. To secure a place in the future, however, they need to think bigger and move faster.

The challenge is urgent and stark: The world’s economy needs to reach net-zero greenhouse emissions early in the second half of the century to achieve what science says is necessary. Net-zero means putting no more carbon into the atmosphere than we can take out. To hit this ambitious global goal, Europe, the U.S. and other advanced economies must get to net-zero, 100% clean economies by 2050.

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Posted in Methane, Methane regulatons / Comments are closed

FirstEnergy’s bailout campaign is filled with all kinds of wrong. Please let a failed HB 6 be the end of it.

Since it was first filed in the Ohio legislature, HB 6 has been pitched as a necessary savior for a struggling Ohio utility and employer. FirstEnergy Solutions’ nuclear plants are losing money, the sales pitch goes, and the publicly-traded company needs $150 million a year by June 30 or it will shut down the plants and Ohio will lose 4,000 jobs.

Let me suggest that everything about this is wrong.

The June 30 deadline was wrong

We know now that the June 30 deadline was wrong because, well, it’s after June 30. When the deadline passed, FirstEnergy told reporters that it will proceed with taking steps to shut down the plants, but it can reverse course at a later date. Perhaps FirstEnergy’s leadership knew it was a false deadline, like the many other times the company cried wolf.

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Posted in Clean Energy, FirstEnergy, Ohio / Comments are closed

The FirstEnergy bailout bill benefits out-of-state executives and investors, not Ohioans

FirstEnergy and its supportive legislators have tied themselves in knots to sell their bailout bill (HB 6), a $1.4 billion money grab by a publicly traded company and its speculative, out-of-state investors that made a bad bet on a declining business.

They’ve been lying to Ohioans, claiming that HB 6 is a panacea that will clean the air, preserve local jobs and keep the lights on across Ohio. But it isn’t about any of that. And it’s barely about Ohio. Ohioans deserve to know the truth, and the legislature should reject this dishonest bill.

FirstEnergy claims it needs $150 to $190 million a year from Ohioans to keep two old nuclear plants online. And this would be the fifth time Ohioans will have paid for these plants. They first paid when the plants were built. They paid again in 1999 when the electricity market was restructured. They paid again when companies were allowed to add plants back into their supply plans in 2008. And finally, they’ve paid via the bailout ruling approved by the Public Utilities Commission of Ohio in 2016.

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Posted in Clean Energy, FirstEnergy, Ohio / Comments are closed

Preparing for hurricane season in Puerto Rico with long-term solutions

With hurricane season upon us again, I am reminded of the lessons learned after the devastation we went through in 2017, when thousands of people in Puerto Rico went without electricity for nearly a year after Hurricane Maria made landfall on the island. Many communities had limited access to clean water, food and health services.

As much as we’ve been able to rebuild, a lot of work remains to be done to prepare for the future. As temperatures rise, we see stronger, more frequent and more deadly hurricanes. We must ensure their outcome affects people as minimally as possible. This will require a better understanding of what communities need to rebuild and adapt, what technology can be deployed to address specific challenges — such as a modern, more resilient grid and infrastructure —and the tools that can be used to finance them.

Many local officials and communities in Puerto Rico are making remarkable progress to make this transformation possible. Following their lead is essential to making any solution to the island’s energy crisis successful in the long- term. Communities, energy reform, technology and finance – all have a role to play in protecting the island from the next super storm, while improving the quality of life for all its residents and strengthening its economy long into the future.

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Posted in Clean Energy, Puerto Rico / Comments are closed