Energy Exchange

Chevron shareholders made methane a key priority at annual general meeting

By Kate Gaumond / Published: June 1, 2018

Yesterday morning at Chevron’s annual general meeting, a shareholder resolution calling on the company to improve its methane management and disclosure received a 45% vote. This strong vote follows a majority vote at Range Resources, where 50.3% of voting shareholders supported a similar methane disclosure resolution (up from just 20% in 2013). Oil and gas industry shareholders are sending a powerful message– methane is a material risk that companies must manage to compete in a capital- and climate-constrained world.

Such resolutions are effective at driving change, even for non-majority votes like the 38% of shareholders at Kinder Morgan who supported a methane resolution. For example, last year ExxonMobil’s methane resolution received a 39% vote, and the company responded with a new methane emissions production program, which now includes a quantitative methane reduction target.

Investors will be waiting to see if these companies follow ExxonMobil’s example, as well as deliver results once these programs are implemented. With investors tilting their portfolios towards companies who proactively manage climate risk, they will be closely watching how these companies respond to the clear market demand for improved methane management and disclosure.

Posted in Methane, Natural Gas / Comments are closed

East Coast meets West Coast style – how 2 states are advancing clean energy

By EDF Blogs / Published: June 1, 2018

By Rory Christian, Lauren Navarro

Cities and states are taking the initiative to address climate change independently from the federal administration. With unique political contexts and environmental needs, each local authorities’ policies address specific climate challenges.

California’s new landmark mandate, requiring solar panels on new home constructions, and New York’s ongoing Reforming the Energy Vision (REV) initiative, illustrate just how different paths can lead to accomplish the same intent: to fight climate change. They are also indicative of how elected officials are prioritizing energy, infrastructure, and housing in their planning.

The longer states wait to take action to set or meet environmental goals, the more expensive their efforts will become. More importantly, the delay can affect the economic and health benefits from new jobs and lower emissions that improve residents’ quality of life.

New York and California are well positioned because they’ve capitalized on emerging trends by addressing legal and regulatory issues in ways other states have yet to do. Let’s take a look at their approaches and challenges. Read More »

Posted in California, Clean Energy, Electric Vehicles, Electricity Pricing, Energy Efficiency, Energy Innovation, New York, New York REV, Solar Energy / Comments are closed

Six reasons the Trump EPA’s next move on oil and gas pollution standards is unnecessary and unwise

By Felice Stadler / Published: June 1, 2018

This blog was co-authored by Rosalie Winn

EPA Administrator Scott Pruitt did not waste any time after being confirmed to start attacking EPA’s oil and gas methane pollution rules. However, in the 14 months since lodging his first assault, a lot has changed, and the case for keeping the standards robust and intact is stronger than ever.

The White House recently laid out their upcoming plans for agency action and they include (as expected) a proposal to weaken key parts of EPA’s Clean Air Act rule that sets methane pollution limits for new and modified oil and gas operations (“New Source Performance Standards” or “NSPS”), including relaxing leak detection and repair requirements and creating other loopholes.

There are many reasons why efforts to weaken the rules would be misguided. Here are just a few:

Posted in Air Quality, Methane, Natural Gas / Comments are closed

Why drinking water standards are the wrong standards for oil and gas wastewater

By Nichole Saunders / Published: May 29, 2018

“It’s so clean I’d drink it.”

Travel to any recent conference or trade show on produced water management and there’s a good chance you’ll hear this line or something similar. I’ve heard it myself, alongside claims that a patented treatment delivers water that’s “fresh” or “meets drinking water standards.”

This sort of talk is on the rise as operators and regulators look for ways to reuse produced water both inside and outside of the oilfield. Some of these uses carry real risks to human health and the environment from chemicals that may be present—even after treatment. At first blush, if the product can be called “fresh” or meets drinking water standards, it doesn’t sound risky. So why the worry? The reality is that these statements tell us very little about the quality of treated produced water.

“Fresh” from a scientific perspective, means next to nothing. And drinking water standards are simply the wrong standards to apply to produced water, or for that matter any treated wastewater – industrial or municipal. Here’s why.

Posted in Natural Gas, produced water / Tagged produced water, Water | Comments are closed

New report: 5 energy innovations that Ohio can use to attract $25 billion in investment

By Dick Munson / Published: May 29, 2018

Why should Ohio ramp up its investment in energy innovation? More than 20,000 jobs and $25 billion in capital are on the line.

That’s according to a new report that outlines a vision for Ohio’s energy future and economic development. The report draws from the insights and experiences of a diverse group of advisors from across the state’s business, regulatory, academic, labor, and manufacturing sectors.

Here’s why now is a prime moment for Ohio to seize this multibillion-dollar opportunity, which will bring about a cleaner, more efficient energy system for Ohioans.

Five big opportunities

With the state’s largest utility constantly asking for a bailout and state legislators repeatedly trying to gut clean energy standards, Ohio isn’t exactly a leader on energy innovation. But it can be.

The report by Synapse Energy Economics, called Powering Ohio: A Vision for Growth and Innovative Energy Investment, highlights five areas for growth:

Attracting investment from corporate clean energy leaders;
Electrifying transportation, with a focus on electric vehicles;
Building new clean electricity generation, like wind and solar power;
Boosting Ohio’s energy productivity through energy efficiency; and
Investing in a 21^st century electric grid.

Taking advantage of these five related opportunities will net more than 20,000 jobs and $25 billion in investment dollars for Ohio, while enhancing productivity and lowering costs. Read More »

Posted in Clean Energy, Energy Financing, Energy Innovation, Grid Modernization, Ohio / Read 1 Response

Tesla: Inventor of the Modern

By Dick Munson / Published: May 22, 2018

The following is an excerpt from Tesla, Inventor of the Modern, a new book by Dick Munson published in May 2018.

Nikola Tesla gave us the electric motor, long-distance electricity transmission, radio, robots, and remote control — the very foundations of our modern economy. Perhaps less well known is that he also was a clean-energy pioneer, and he remains an inspiration to today’s solar and battery entrepreneurs, including Elon Musk, who views him as a hero and contributed $1 million to help restore Tesla’s laboratory on Long Island.

Tesla marked his clean-energy leadership with a 1900 article in The Century — then the nation’s largest-circulation periodical. Published 118 years ago, “The Problem of Increasing Human Energy, with Special References to the Harnessing of the Sun’s Energy” was one of the earliest, detailed looks at capturing power from the sun and wind.

At his core, Tesla appreciated efficiency and hated energy waste, complaining that we “do not utilize more than 2 percent of coal’s energy” to make electricity. “The man who should stop this senseless waste would be a great benefactor of humanity,” he declared. Read More »

Posted in Clean Energy, Energy Innovation / Comments are closed