Extending the life of the Diablo Canyon nuclear power plant could cost Californians $45 billion, a climate activist group has warned. According to the Environmental Working Group, the number represents the costs of running the facility between this year and 2045 or later. The Diablo Canyon nuclear power is slated …
Read More »Analysis Details How Wall Street Underwriting Quietly Funnels Billions Into Fossil Fuels
A report out Monday sheds light on how big US banks’ underwriting of bonds and equities for polluting corporations constitutes a “hidden pipeline” for fossil fuel financing. It’s no secret that financial institutions play a leading role in driving the climate emergency. Since 2016, the year the Paris agreement took …
Read More »Satellite’s Solar Panel Glitch Disrupts Alaskan Broadband Plans
A satellite in geostationary orbit ran into some trouble when the device meant to position its solar arrays towards the Sun malfunctioned, preventing it from being fully charged. As a result, the internet satellite will not be able to fulfill its primary goal of providing continuous connectivity to Alaska. Astronomers …
Read More »The Biden administration proposes clamp down on home water heaters
Water heaters could soon be subject to much more stringent efficiency requirements if a recent Department of Energy proposal that has been criticized by Republican lawmakers goes into effect. In a draft rule unveiled Friday, the Biden administration is seeking to compel most electric water heaters to deploy heat pump …
Read More »Lafayette to build natural gas power plant, still pursuing solar | Louisiana
Canva The Lafayette Utilities System (LUS) plans to build a new natural gas power plant to make up for the loss of electricity from a 40-year-old coal-burning plant being decommissioned. News of the plan surprised some renewable energy advocates who expected LUS to replace the coal-sourced power with solar energy. …
Read More »BMO downgrades this solar energy stock, says macro backdrop remains challenging
Sunnova Energy has managed to outperform its peers despite tough macro conditions, but BMO thinks it’s time for investors to trim their exposure to the stock. Analyst Ameet Thakkar lowered his rating on Sunnova to market perform from outperform. He also trimmed his price target on shares to $25 from …
Read More »EU’s latest energy security tactic: hoard Chinese solar panels
Russia’s invasion of Ukraine last February, and Moscow’s subsequent throttling of natural gas supplies to Europe, threw global energy markets into disarray. What tech stocks have room to run? Europe panicked as it confronted the ugly reality of its fragile energy security. It scrambled to buy liquefied natural gas (LNG) …
Read More »First offshore wind leases in Gulf of Mexico offered for bidding
Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. GALVESTON — The federal government on Thursday announced the first-ever chance for companies to lease areas in the Gulf of Mexico to build wind farms, including two parcels …
Read More »UK renewable energy tycoon to launch electric airline Ecojet
“The question of how to create sustainable air travel has plagued the green movement for decades,” said Dale Vince, founder of British energy firm Ecotricity. Ryan Hiscott | Getty Images Sport | GettyImages British entrepreneur Dale Vince on Monday announced plans to launch an electric airline that will be powered …
Read More »Understanding The EPA’s Final Renewable Fuel Standard Set Rule For 2023, 2024 And 2025 – Renewables
July 17, 2023 Pillsbury Winthrop Shaw Pittman To print this article, all you need is to be registered or login on Mondaq.com. The EPA issued a final Renewable Fuel Standard (RFS) rule that announces the biofuel volume targets for 2023 – 2025 and provides a first look into the EPA’s …
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