Ann Arbor (Informed Comment) – CNBC stock picker Jim Cramer startled his conservative fan base this week by refusing to push ExxonMobil and other petroleum stocks. He solemnly informed his audience that he is “done” with fossil fuel securities. He pointed out that pension funds all over the world are divesting from them because of […]
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Energy
Coalxit? Germany, 4th Largest Economy, Officially Approves Phase-Out of Coal
By Benjamin Wehrmann | – ( Clean Energy Wire) – The German government has officially approved the end of coal-fired power production in Germany. Chancellor Angela Merkel’s cabinet adopted a law detailing plant shutdowns and compensation payments for coal companies, confirming a commission proposal made last year to end coal no later than 2038. The […]
Read it and Weep, Moscow Mitch: 100 MW of Solar to be bought by Kentucky Coal-Country Utilities for Toyota
Ann Arbor (Informed Comment) – The East Kentucky utilities Kentucky Utilities and Louisville Gas & Electric have applied for permission from state regulators to buy electricity from a 100-megawatt solar facility. The utilities, which ordinarily purvey power from dirty coal (80% of their generation), were pressured by Toyota and Dow, who in turn are trying […]
Wind Power Surging Globally and In U.S. despite Trump’s Opposition, Replacing Coal
Ann Arbor (Informed Comment) – Coal is the dirtiest fossil fuel, and humanity needs to ban it yesterday if we are to keep the earth from becoming a hellhole. Among all the horrible things Trump has done, trying to stand in the way of a rapid transition to green energy is probably the most consequential […]
We have a Decade to Slash Carbon Emissions: After That it Gets Harder and much Hotter
By Kelsey Hawkins-Johnson | – (Foreign Policy in Focus) – In the climate talks to come, we need more youth, indigenous, and civil society groups — and fewer oil companies. The Intergovernmental Panel on Climate Change warned in October 2018 that we have 12 years to keep global temperatures increases at 1.5 degrees Celsius or […]
We Can Do it: In 10 Years, even Tory Britain Dumped Coal and went to 21% Wind
By Grant Wilson, Iain Staffell and Noah Godfrey | – In 2010, Great Britain generated 75% of its electricity from coal and natural gas. But by the end of the decade*, these fossil fuels accounted for just 40%, with coal generation collapsing from the decade’s peak of 41% in 2012 to under 2% in 2019. […]
Soleimani’s Killing is a Global Event: Brazil’s Politicians, Oil Markets Shaken by Mideast Instability
Sao Paulo (Special to Informed Comment) – Recently, after the American military action that killed Iranian General Qassem Soleimani in Bagdad, Brazilian President Jair Bolsonaro said that “Brazil supports any action against terrorism around the world, and so should the entire international community”, and also that “the country has absolutely no intentions to take advantage […]
Trump’s Soleimani Assassination: It’s All about the Oil
(48Hills.org) – Reese Erlich, who has reported from the region for 20 years, sorts out the impact of Trump’s drone attack that killed a popular Iranian general. On Jan. 2 a US drone fired a missile on a car caravan leaving the Baghdad airport, killing Iranian Major General Qassem Suleimani and leaders of Iraqi militia […]
Polluter’s Paradise: How Oil Companies Avoided Environmental Accountability After 10.8 Million Gallons Spilled
By Joan Meiners, The Times-Picayune and The Advocate This article was produced by ProPublica in partnership with The Times-Picayune and The Advocate, which is a member of the ProPublica Local Reporting Network. ( ProPublica ) – Louisiana still hasn’t finished investigating 540 oil spills after Hurricane Katrina. The state is likely leaving millions of dollars […]