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The mythical peril of divesting from fossil fuels

The mythical peril of divesting from fossil fuels Commentary 13 June, 2018 Published as part of our Sustainable Finance Leadership Series By Jeremy Grantham, Co-Founder, Grantham Foundation for the Protection of the Environment I have met more investment committees than I care to think about. Perhaps a couple of thousand. There is a no more conservative group on the planet than an investment committee. You could be forgiven...

We just got a clear sign the trillion-dollar coast...

Climate change hits U.S. property values, new analysis finds Home buyers are starting to incorporate climate risk into the price of property in areas facing warming-driven extreme weather disasters, new research finds. And that’s bad news for the trillion-dollar coastal property bubble. “Homes in areas most exposed to flood and hurricane risk were worth less last year, on average, than a decade earlier,” according to...

How the energy boom shaped a small town in rural A...

When a fracking company came to a small community in rural Pennsylvania, many people signed the lease that allowed the company to access the natural gas resources on their land. Among them was Stacey Haney, who at that time owned a small farm. Haney saw the lease as a way to support American energy, and like many other people, a way to get some extra money to support life. But money is not the only thing fracking brought to...

Editorial: Trump bailout turns free market upside ...

Houston Chronicle: Americans of a certain age likely remember Tennessee Ernie Ford, a TV entertainer whose musical rendition of a coal miner’s lament, “Sixteen Tons,” sold millions of records in the mid-1950s. Written a decade earlier by a former Kentucky coal miner, “Sixteen Tons” opened with the evocative question: “You load sixteen tons, what do you get?” In his sonorous baritone voice, Ford offered up a doleful reply....

The Secret of the Great American Fracking Bubble

In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” he was at the forefront of the oil and gas industry’s next boom, made possible by advances in fracking, which broke open fossil fuels from shale formations around the U.S. What was McClendon’s secret? Instead of running a company that aimed...

Revolution Now -The Future Is Here For Clean Energ...

Clean, low-cost energy is transforming the U.S. economy. Over the past decade, we’ve seen the payoff from nearly 40 years of federally funded research and development on clean energy. From wind and solar power to electric vehicles and LED lighting, clean energy technologies are dramatically declining in cost and benefitting more homes and businesses—while reducing pollution and creating millions of new American jobs.1 Clean...

Pennsylvania ‘rule of capture’ ruling stuns Marcel...

Last week, the Pennsylvania Superior Court handed down a decision that could greatly restrict, even stop, Marcellus drilling in the Keystone State. The court decision disallows using the age-old “rule of capture.” Underground oil and gas deposits are in pools that may exist beneath multiple properties. Whoever gets there and sucks the oil or gas out first wins. That’s the rule of capture. Conventional...

Toward a New Ohio – Questions Every Candidat...

In fall 2018, Ohioans will elect a new governor. For only the second time in the past 16 years, an incumbent governor will not be on the ballot. The new governor and the voters who elect her or him will need to grapple with challenges to Ohio’s future, many of which are rooted in the state’s past. This three-article series aims to help inform the gubernatorial candidates and Ohio voters on important policy choices and...

Fossil Fuels Squeezed by Plunge in Cost of Renewab...

The economics of generating electricity from fossil fuels are deteriorating rapidly as renewable energy technology plunges in costs. Wind and solar power seen beating coal in most places by 2023 Rapid change in energy economics is ‘changing perceptions’ That’s the conclusion of a Bloomberg New Energy Finance report on the levelized cost of energy, a measure that takes into account the expenses from buying equipment,...

IEEFA Update: An Effort in Congress to Bail Out th...

A Bill to Ostensibly Enhance National Energy Security but Would Benefit Only a Select Few Having failed to obtain bailouts for failing coal plants and mines by way of policy actions from the U.S. Department of Energy and the Federal Energy Regulatory Commission, the coal industry has now turned to its friends in Congress. Rep. Larry Bucshon, a Republican from Indiana, is promoting House Bill HR 5270, the Electricity...

In Michigan, a conservative clean energy playbook ...

Renewable energy is getting cheaper and more popular, even among Republican voters, and that makes now a better time than ever for conservative candidates to support clean energy policies. That was the message at this week’s annual Michigan Conservative Energy Forum conference in Lansing, where Republicans rallied around renewable energy and free-market principles. The group formed in 2013 and has since spawned a 20-state...

The Battery Will Kill Fossil Fuels—It’s Only...

Three weeks ago, a U.S. agency sent the clearest signal yet that fossil fuels’ days are numbered. True enough, the carbon-burning economy has been declared to be on its death bed umpteenth times before. But this came with a time frame related to the ultimate killer: the battery. The Federal Energy Regulatory Commission ruled that so-called energy-storage companies such as Tesla Inc. and AES Corp. can compete against...

Fracking’s Freshwater Supply and Demand in Eastern...

 Water is the key ingredient in the hydraulic fracturing process, and its usage – in total and per well – is increasing at an exponential rate. Below, FracTracker takes a look at water withdrawal and use for fracking across 23 Eastern Ohio counties between 2010 and 2016. Mapping Hydraulic Fracturing Freshwater Supply and Demand in Ohio Below is a map of annual and cumulative water withdrawal volumes by the hydraulic...

College Republicans Propose an Unusual Idea From t...

As the Republican Party struggles to find its footing with the next generation of voters, several conservative college groups have banded together to champion something anathema to the party: a carbon tax. The group is led by the Yale College Republicans, the main campus student organization for young Republicans at Yale, and includes other prominent Republican groups at 22 other schools around the country including Clemson...

Tri-County Coalition of Landowners Say NO to Cabot...

Most people generally feel that their piece of the American dream as landowners is located in the best part of the country. That, as landowners, their slice of heaven on earth is the best, and indeed that may be true for many. This is at the core of our countries declaration stating that “Life, Liberty and the pursuit of Happiness” are three examples of “unalienable rights” which the Declaration says...