Energize Weekly, January 29, 2020 The oil and gas industry needs to be major player in the global transition to cleaner energy, in part to maintain its social license to operate, but barely 1 percent of its capital investment is going to alternative technologies, according to the International Energy Agency (IEA). “The transformation of the…
Energize Weekly, January 22, 2020 After robust growth in the last few years, natural gas-fired electricity generation and new natural gas-fired capacity growth will be modest in 2020, according to an Energy Information Administration (EIA) analysis. The EIA projects generation from natural gas-fired plants will grow by 1.3 percent in 2020, the slowest rate since…
Energize Weekly, January 22, 2020 The aging U.S. electrical grid is facing challenges from just-in-time natural gas plant fueling and a growing demand for renewable generation, which it will not be able to meet without new investment and policies, according to a study by business consultant ScottMadden Inc. “The grid is undergoing a shift in…
Energize Weekly, January 15, 2020 Vestas, the world’s top wind turbine manufacturer, has set a target of becoming carbon neutral in its operations by 2030 and to push for carbon reduction across its supply chain. Aarhus, Denmark-based Vestas said that it will reduce its carbon footprint by 55 percent by 2025 and 100 percent by…
Energize Weekly, January 15, 2020 Under pressure from market forces, dissatisfied members and environmental policies, the Tri-State Generation and Transmission Association announced it will close the last two coal-fired plants it operates and move to add more renewable energy. Tri-State said that it will close its Escalante Station, in Prewitt, N.M., by the end of…
Energize Weekly, January 15, 2020 The burgeoning U.S. oil and gas and petrochemical sectors are set to add greenhouse gas emissions over the next five years – even as they decline for the power sector, according to two analysis of the country’s emissions. In 2019, U.S. greenhouse gas emissions fell 2.1 percent, a decline almost…
Energize Weekly, January 8, 2020 The pace of oil and gas mergers and acquisition (M&A) increased in the fourth quarter of 2019, after a strong third quarter, but the year still ended with deals far off the 10-year average when adjusted for one mega-merger. There were $96 billion in M&A activity for 2019, according to…
Energize Weekly, January 8, 2020 The Hartford Financial Services Group said it will no longer insure or invest in companies mining or using coal or developing tar sands oil over concerns about risks linked to climate change. The company, based in Hartford, Conn., said it would not deal with companies that get 25 percent of…
Energize Weekly, January 8, 2020 Global coal demand in 2019 dropped, driven by coal-fired plant retirements in Europe and the U.S., but should be stable over the next five years due to growth in China and Asia, according to the International Energy Agency (IEA). The outlook for coal in the U.S. over the next five…
Energize Weekly, December 18, 2019 NorthWestern Energy is set to file an application with the Montana Public Service Commission to purchase Puget Sound Energy’s share of the Colstrip power plant for $1. The deal helps Bellevue, Washington-based Puget Sound Energy meet a Washington state law requiring utilities to stop using coal-fired power by 2025, and…
Energize Weekly, December 11, 2019 The U.S. has seen more than a fifth of its coal-fired generating capacity closed since 2011, and plants with higher operating costs were more vulnerable to closures, according to the federal Energy Information Administration (EIA). Between 2011 and the end of 2017, the total coal-fired generating capacity in the U.S.…
Energize Weekly, December 11, 2019 Nearly 700 companies around the world are moving to adopt “science-based targets” for reducing their greenhouse gas emissions with 40 percent already having plans in place, according to the non-profit and governmental groups sponsoring the initiative. The Science Based Targets initiative (SBTi) – a collaboration among the charity CDP, the…
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