Fossil Fuels Stories May 6

The costs of most existing coal-fired power plants in the US are now more expensive than the total costs of wind and solar as a result of their plunging costs, according to a new study.

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Fossil Fuels Stories April 22

The BlackRock US Carbon Transition Readiness exchange-traded fund (ETF) (LCTU) launched last week. It broke records on its first trading day with $1.25 billion invested. But there’s a big problem with this ETF: It’s jam-packed with Big Oil companies.

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In today’s Electrek Green Energy Brief (EGEB):

  • The US-hosted Leaders Summit on Climate kicks off today. Keep an eye on these three countries.
  • Los Angeles City Council unanimously approves a Global Fossil Fuel Non-Proliferation Treaty.
  • UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.

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Fossil Fuels Stories April 20

The International Energy Agency (IEA) has released its annual “Global Energy Review” report, and while there is some good news about the adoption of renewables, there is also some rather alarming news about an anticipated emissions surge in 2021.

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Fossil Fuels Stories March 23

Pennsylvania’s state government will source 50% of its electricity from seven new solar energy arrays. It will go into operation on January 1, 2023.

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Fossil Fuels Stories March 17

Duke Energy Florida has announced that it will build two more new solar farms in the Sunshine State. This time, they’ll be in Citrus and Hardee counties.

The utility reported in February that it is investing an estimated $1 billion to construct or acquire a total of 700 MW of solar farms from 2018 through 2022 in Florida and will more than quadruple the amount of in-service solar on the system over the next four years.

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Fossil Fuels Stories February 15

India’s coal power has continued to decline since reaching a peak in 2018, according to an analysis by independent climate and energy think tank Ember. India’s coal-fired electricity generation fell 5% in 2020 due to significantly reduced annual electricity demand as a result of the COVID-19 lockdown. It is the second consecutive year that coal power has fallen, with coal generation down 8% in 2020 compared to 2018.

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Fossil Fuels Stories February 1

Governor Greg Abbott (R-TX) wants to fight Biden’s clean energy plan, despite being the No. 1 state in the US for wind power. Texas is also a rising star of solar power, not to mention the home of Tesla’s Gigafactory Texas. Yet, Abbott has issued an executive order to “protect” Texas’ energy industry from federal overreach, or in other words, President Joe Biden’s endorsement of clean energy. Or to put it another way, what Texas is already doing.

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Fossil Fuels Stories December 21, 2020

The Rockefeller Foundation, a 107-year-old philanthropy founded by oil tycoon John D. Rockefeller Sr., has a $5 billion endowment. And that foundation is divesting from the oil that created its wealth — and it’s the largest US philanthropic foundation to do so.

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Fossil Fuels Stories November 23, 2020

The UN’s International Maritime Organization (IMO) approved a ban on Friday of ships’ use and carriage of heavy fuel oil (HFO) in Arctic waters after July 1, 2024. However, since it includes exemptions and waivers — loopholes — a complete HFO ban would only come into effect in mid-2029.

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