Ørsted Divests “Loss-Making” LNG Business
Danish renewable energy giant Ørsted announced last week that it has signed an agreement with leading global natural resources company Glencore to divest itself of its liquefied natural gas (LNG) business
Danish renewable energy giant Ørsted announced last week that it has signed an agreement with leading global natural resources company Glencore to divest itself of its liquefied natural gas (LNG) business
Goldman Sachs has been garnering quite a lot of Twitter praises after the bank updated its “Environmental Policy Framework.” As per the changes, the firm has now pledged:
The article, noting that we spend $400 billion on oil subsidies globally, indicates that taxpayers want their governments to stop subsidizing this rich, over-mature industry, yet politicians keep the money funneling toward them.
While Jacobson’s latest Stanford study on 100% renewables by 2050 will draw fire for leaning into the Green New Deal, it strongly supports that policy.
Jacobson’s latest study carefully uses with current technologies and currently available resources for storage and transmission. The latest evidence is that there are much cheaper alternatives than his team models, underselling the potential.
100% renewables for 143 countries covering 99.7% of global energy carbon emissions is very inexpensive compared to business as usual in Jacobson’s latest.
Another scientific article is out on the health effects of air pollution, and this one exposes both the long and the short of it. The comprehensive study proves what numerous other studies and common sense told us: air pollution hurts us. “Hospitalizations for several common diseases—including septicemia (serious bloodstream infection), fluid and electrolyte disorders, renal failure, urinary tract infections, and skin and tissue infections—have been linked for the first time with short-term exposure to fine particulate air pollution (PM2.5).”
Why invest in carbon capture to clean up after coal, when you can skip the middleperson and pluck CO2 straight from the atmosphere?
As some act to stall progress, the forward motion provided by European Commission President Ursula von der Leyen and all she represents is a remarkable step forward. Presenting a Green Deal plan for Europe at the European Parliament in Brussels, Belgium, she and her colleagues took a seed from US progressives and gave it the watering and care it needed in the fertile ground of Europe.
Chevron says it will write down its assets by more than $10 billion as low gas and oil prices make its reserves less valuable.