The world’s largest oil companies gathered in New York City on Monday [September 23, 2019]. At the same time, global leaders met at the UN Climate Summit. Executives from thirteen fossil fuel companies talked about how to defend their industry as countries around the world planned to cut carbon dioxide emissions. The chief executive of […]
Planning for a Distributed Energy Future
We surveyed utility executives, customers, and regulators. Here’s what they had to say. Utilities are beginning to accommodate renewable energies, but many wonder if it is enough to keep up with consumer demand and prepare for new regulations. Utility executives report solar has the biggest impact on their operations while regulators report a wider range […]
The oil industry vs. the electric car
The oil industry is trying to crush the booming electric car movement. Groups backed by industry giants like Exxon Mobil and the Koch empire are waging a state-by-state, multimillion-dollar battle to squelch utilities’ plans to build charging stations across the country. Environmentalists call the fight a reprise of the “Who Killed the Electric Car?” battles […]
‘Responsible’ loans jump 40% as banks take green, social stances
Dive Brief: The global responsible loans market totalled $111.5 billion in July, a $32 billion (40%) increase since last year, according to a report published Tuesday by credit rating provider S&P Global Ratings. “The sustainable finance market is continuing to evolve and develop innovative products to encourage improved environmental and social performance,” Michael Wilkins, S&P […]
New Oil Projects Won’t Pay Off If World Meets Paris Climate Goals, Report Shows
by Nicholas Kusnetz The world’s leading oil companies increasingly have argued that they must be part of the world’s transition to a low-carbon future. But a new report shows that despite their rhetoric, they continue to spend their money as if that transition may never come. In just the past year, the biggest global companies […]