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IEEFA update: The investment rationale for fossil ...

An outdated mindset that no longer lives up to its hype For decades, the fossil fuel sector literally fuelled the global economy and powered the world’s investment markets. This is no longer the case. The long-standing and now outdated investment thesis around fossil fuels—that such holdings would make large and reliable annual contributions to institutional funds—has crumbled. The sector now lags the broader market, and the...

An alternative to propping up coal power plants: R...

The Trump administration announced new pollution rules for coal-fired power plants designed to keep existing coal power plants operating more and save American coal mining jobs. Profitability for U.S. coal power plants has plummeted, and one major coal company after another has filed for bankruptcy, including the world’s largest private-sector coal company, Peabody Energy. The main reason coal is in decline is less expensive...

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...

Trump Administration May Soon Ax Obama’s Big...

Many expect EPA will reassess the Clean Power Plan to show a higher price tag and smaller benefits U.S. EPA staff under Administrator Scott Pruitt might refute Obama-era findings that reducing carbon dioxide emissions has large health benefits. Credit: Riccardo Savi Getty Images When the Obama administration issued its landmark climate rule in 2015, officials declared that benefits to public health and the climate would be...

Under Trump, inconvenient data is being sidelined

How Trump is rolling back Obama’s legacy View Graphic Under Trump, inconvenient data is being sidelined  By  Juliet Eilperin Washington Post | The Trump administration has removed or tucked away a wide variety of information that until recently was provided to the public, limiting access, for instance, to disclosures about workplace violations, energy efficiency, and animal welfare abuses. Some of the information relates to...

American energy use, in one diagram

Mmm … spaghetti. American energy use, in one diagram How much energy we use, what kind, and how much is wasted. Updated by  David Roberts @drvox david@vox.com  Apr 13, 2017, 8:30am EDT Vox | Spring brings new growth, new possibilities, and, best of all, a new spaghetti diagram from Lawrence Livermore National Laboratory (LLNL) at the Department of Energy. Every year, LLNL produces a new energy flow chart showing the...

Cheap Shale Gas, Not EPA Rules, Is Driving Decline...

From R&D Magazine:Cheap shale gas produced by fracking has driven the decline in coal production in the United States during the last decade, researchers at the Great Lakes Energy Institute at Case Western Reserve University have found. Power plants, which use 93 percent of the coal produced nationally, have been operating under the same EPA regulations signed into law by President George H.W. Bush in 1990. Proposed new...

In the Birthplace of U.S. Oil, Methane Gas Is Leak...

Some wells sunk since 1859 leak methane into homes and water “Citizen scientists” join regulators in race to map lost sites A mail box sits on an abandoned well pipe near blooming peonies, logs snag on metal casings rising out of a creek, children swing next to rusted pump jacks. In Pennsylvania, birthplace of the U.S. oil industry, century-old abandoned oil wells have long been part of the landscape. Nobody gave...

EIA produces new maps of the Utica Shale play

The U.S. Energy Information Administration has produced new maps that show the structure, thickness, and geologic setting of the Utica Shale play and the location of production wells. Production of oil and natural gas from the Utica play has increased since 2011, with more than 1,700 wells drilled as of January 2016. The Utica play includes both the Utica formation and the deeper Point Pleasant formation, each with its own...

Oil and gas drilling prospects dim here, expert sa...

YOUNGSTOWN If oil and natural-gas prices increase substantially, new well drilling likely will get a boost in Columbiana County, but the prospects aren’t good in Mahoning and Trumbull counties, an industry expert said. “Right now, you’re really just looking at Belmont, Harrison, Monroe, and maybe a little bit of Noble County” as the focus of drilling activity, said Mike Chadsey, public-relations director for the Ohio Oil and...

Ohio’s injection volume grows by 27.2 percen...

The volume of liquid drilling wastes injected underground in Ohio grew by 27.2 percent in 2015 and set a new all-time record. The volume of salty injected wastes totaled 28.8 million 42-gallon barrels. It has increased from 16.3 million barrels in 2013 to 22.0 million barrels in 2014 to the new total. That 2015 total volume is enough to fill nearly 1,840 Olympic-sized swimming pools. Athens, Coshocton and Guernsey counties...

Energy glut, low commodity prices hitting Ohio’s U...

Drilling is slowing down in Ohio’s Utica Shale because of low commodity prices and growing energy supplies. Continued low prices tied to the Organization of Petroleum Exporting Countries’ efforts to derail shale drilling in the United States have put a major crimp into drilling for natural gas and liquids in Ohio and other shale-drilling states. OPEC has continued production, despite an oil glut that has reduced prices to...

America’s biggest gas field finally succumbs...

WILLIAMSPORT, Pa. (Reuters) – The drilling rigs are gone from the hills surrounding this Pennsylvania town of 30,000. The hotels and bars are quieter too, no longer packed with the workers who flocked in their thousands to America’s newest and biggest gas field. The drilling boom of the past seven years is over, even though thousands of existing wells in the Marcellus region still produce a fifth of U.S. natural...

Analysis shows Utica shale output falls short of p...

A recent analysis of oil and gas production data for Ohio’s Utica shale play casts doubt on earlier optimistic projections from both industry and state government sources. Ohio’s Utica shale continues to produce large quantities of oil and gas. Recent new-well gas production per rig averaged just over 6 million cubic feet per day, according to a report this month from the federal Energy Information Administration. But when...

Shale regions, including in eastern Ohio, leading ...

Shale regions, including in eastern Ohio, leading in GDP growth Oct 6, 2015, 12:52pm EDT Updated Oct 6, 2015, 2:25pm EDT Tom Knox Reporter Columbus Business First The Wheeling, West Virginia, region had the country’s fifth-best economic growth rate last year. The metropolitan statistical area, which includes Belmont County in eastern Ohio, is among many shale oil and gas drilling zones that saw big increases in gross...