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Fracking Once Lifted Pennsylvania. Now It Could Be...

www.nytimes.com 7 mins read Supported by Continue reading the main story Natural-gas companies operating in the state were looking shaky before the coronavirus hit. Local economies are now at risk. A fracking site owned by EQT, a pioneer in Marcellus Shale gas extraction, near Rose Friend’s farmhouse in Marianna, Pa.Credit…Ross Mantle for The New York Times CARMICHAELS, Pa. — The last time the global economy was in...

Inside Clean Energy: 7 Questions (and Answers) Abo...

From EV sales to the solar market to states’ commitments to clean energy, the coronavirus pandemic is turning everything on its head. The coronavirus pandemic will affect every aspect of the clean energy transition. For example, a significant amount of rooftop solar installations have been canceled or postponed. Credit: Joe Raedle/Getty Images I’m exhausted and I bet you are too. As we enter another month of the...

TVA burns last coal at 1,150MW Paradise plant

President Donald Trump tried to stop it from happening. The top Republican in the Senate, Mitch McConnell, did too. Despite their best efforts to make good on Trump’s campaign promise to save the beleaguered coal industry, including an eleventh-hour pressure campaign, the Tennessee Valley Authority power plant at Paradise burned its last load of coal last month. The plant’s closure — in a county that once mined more coal...

The Rich Are to Blame for the Climate Crisis, Inte...

A new international study has pinpointed an enormous chasm in the amount of resources the rich use versus the poor — both within their own countries and compared to an international population, according to a new study published in the journal Nature Energy. The researchers found that the wealthiest tenth of people use up about 20 times more overall energy than the bottom ten percent, no matter where they are, according to...

The Great U.S. Shale Decline Has Already Begun

U.S. shale companies are moving quickly to ax their budgets, hoping to staunch the bleeding as the oil market continues to melt down. It has only been a few days after the OPEC+ debacle, but with oil trading at around $30 per barrel, and with good odds of falling even lower, the entire energy industry has little option but to make deep cuts to their operations. “Most companies will go into maintenance mode,” Pioneer Natural...

U.S. shale companies facing a money-losing reality...

Bloomberg: America’s shale producers already had a profitability problem. It just got a lot worse. At a stroke, Saudi Arabia and Russia and their battle for market share have made almost all U.S. shale drilling unprofitable. Only five companies in two areas of the country have breakeven costs lower than the current oil price, according to data compiled by Rystad Energy, an Oslo-based consultancy. Wells drilled by Exxon Mobil...

Trump’s Best Shot at Saving Coal Is an Obscure Pow...

FERC draws new battle lines in the U.S. electricity wars. In the past three months, regulators appointed by President Donald Trump have disrupted ambitious plans to combat climate change in electric grids serving 85 million people in the U.S., from Chicago to New York to Washington. It was easy: an agency just rewrote some obscure pricing rules. With that, the Federal Energy Regulatory Commission cranked up to a new boil the...

The financial services sector stands to lose up to...

The House is returning from its District work period and will reconvene on Tuesday, February 25th. The Senate is scheduled to reconvene on February 24th.It will cost more later. According to a report by the consulting firm Oliver Wyman, the financial services sector stands to lose up to $1 trillion if it does not react to climate change quickly enough and is forced to adhere to policy levers like a carbon tax. The group...

A LOST CHANCE TO BRING THE GREEN NEW DEAL HOME

During the past year, in addressing the crisis of climate change, the Democratic Presidential candidates have spoken earnestly, if evasively, about the Green New Deal. But in December, at the last minute, the Democratic leadership in the House agreed to strip a provision from a corner of the tax code—a capitulation that will prove damaging to the environment and to job opportunities. The provision was cut from the omnibus...

Coronavirus may be the straw that breaks the back ...

Consumers have some good news at the service station. Prices at the pump for gasoline and diesel are down about 6% since the beginning of the year. For that they can thank the coronavirus (now called Covid-19) outbreak—although it comes at the heavy cost of almost 47,000 people ill and 1,369 dead so far according to the Feb. 14 statistics from the World Health Organization. At $2.42 regular and $2.91 diesel, these...

Editorial: Path to Ohio’s clean-energy future migh...

This editorial represents the opinion of the Dispatch editorial board, which includes the publisher, editor, editorial page editor and editorial writers. Editorials, like opinion columns, represent a particular viewpoint and are not to be confused with news stories. When it comes to building a clean-energy economy, the Ohio Statehouse long has been a black hole of backwardness. In 2019, majority Republicans reached a new low...

The Permian Basin Is Booming With Oil. But at What...

Though some will reap serious profits, the region’s dealing with skyrocketing rents, overcrowded schools, and potholes as big as VW Beetles. The horizon was thick with iron derricks. All around us, pumpjacks were scattered across the muddy fields like an army of giant iron grasshoppers. They bowed their bulky heads and lifted rich extractions from the earth: a record 3.5 million barrels of crude every day. In fact, half of...

‘Uninsurable and Unhedgeable’: Central Banks Warn ...

A future climate disaster, or “green swan” event, could bring down the global financial system, according to a new report from the Bank for International Settlements (BIS), an international financial organization that serves as a bank for central banks around the world. Like black swan events, “green swan” events will be very difficult to predict and will hit with little warning. The potential for a cascading series of...

“They’re Done”: CNBC’s Jim...

“You can tell that the world’s turned on them, and it’s actually kind of happening very quickly,” said Cramer. Jim Cramer, financial investment analyst and host of CNBC‘s “Mad Money,” said on live television Friday morning that he is “done with fossil fuels” and that the writing is on the wall for the industry due to the global divestment movement. The industry is...

Bankrupt Murray Energy coal company still banks on...

In an Aug, 26, 2007 file photo, Robert Murray, center, chief executive of Murray Energy Corp., smiles while talking to Dave Canning, left, and Mike Glassom, right, two miners in charge of drilling bore holes into the Crandall Canyon M before a news conference northwest of Huntington, Utah. In the early days of the Trump administration, Murray sent a four-page “action plan” to the White House calling for rollbacks of key...