Summary

In today’s edition, the divest movement got a new boost, as the Bill and Melinda Gates Foundation announced it divests its entire holding in BP.  Also, the United Nations are seen as the likely choice to supervise airline pollution cuts. Finally, shareholder resolutions urging Exxon Mobil and Chevron to disclose more information about how they would be affected by climate policies are gaining support.  

Quote of the day

“By taking a public stand, Bill and Melinda Gates could help change the debate and speed up the international response to global warming.” 

Mike McGinn, who as mayor of Seattle in 2013 was the first mayor to commit a city to divestment, in the Guardian’s story Bill and Melinda Gates Foundation divests entire holding in BP 

Lead stories 

Bill and Melinda Gates Foundation divests entire holding in BP 
By Damian Carrington – The Guardian
The Bill and Melinda Gates Foundation has sold off its entire holding in oil giant BP, in a move welcomed by fossil fuel divestment campaigners. 
http://bit.ly/1UWodF4

Where are climate goals in EIA energy outlook? It’s complicated 
By Megan Darby – Climate Change News
There are high and low economic growth, high and low oil price variants in the report published on Wednesday. Notably absent is a projection compatible with international climate goals.
http://bit.ly/1Tdbn2J

United Nations Seen as Likely Choice for Airline Pollution Cuts 
By Matthew Carr – Bloomberg News
A carbon market run by the United Nations is emerging as the most probable supplier of the emissions credits necessary to curb greenhouse gas pollution from the world’s airline industry, according to a group that develops ways to verify carbon reductions. 
http://bloom.bg/23KY8JF

Nike adopts ambitious environmental, workplace goals 
By Nike has gone public with an audacious goal: To double productivity while halving the company’s environmental impact. 
http://bit.ly/1Ta0QbP

‘Climate Risk’ Proposals Gaining Steam 
By Nicole Friedman – The Wall Street Journal
Shareholder resolutions urging Exxon Mobil and Chevron to disclose more information about how they would be affected by climate policies are gaining support. 
http://on.wsj.com/24SP37i 
***LB: Also in this story “The non-binding resolutions request that Exxon and Chevron report how their businesses would be affected if that goal were achieved. Similar resolutions passed overwhelmingly last year at Royal Dutch Shell PLC and BP PLC and have been filed with other energy and mining companies.” 

Events

CARBON EXPO 2016 
Global Carbon Market Fair and Conference 
May 25-27, 2016 
Cologne 
http://jlne.ws/1mg8bqR

Cleantech Innovate Scotland 
June 9, 2016 
http://jlne.ws/1mg6nOG  

Carbon

Hinkley Point delay reports spark carbon target fears 
By James Murray – BusinessGreen 
The controversial Hinkley Point C nuclear project could see its price tag increase by £3bn, while the commissioning date for the plant could slip to 2026, developer EDF has acknowledged. 
http://bit.ly/1TRRtuo

(Australia’s) Coalition climate plan ‘assumes emissions trading’, says government modeller 
By Lenore Taylor – The Guardian  
Modelling hailed by the Liberal party as proof its Direct Action plan could meet Australia’s long-term climate promises in fact assumes the Coalition would turn its policy into a type of emissions trading scheme, according to the authors. 
http://bit.ly/27hiVZS

Natural gas / coal  

California’s use of coal drops dramatically — to almost nothing 
By Rob Nikolewski – Los Angeles Times 
When it comes to dependence on coal, California is not exactly West Virginia. 
http://lat.ms/1NrXajs

Obama’s methane rule an aggressive step toward tackling climate change 
By Suzanne Goldenberg – The Guardian
The Obama administration announced on Thursday new rules to cut methane emissions from the oil and gas industry almost in half – tackling a powerful climate pollutant in the president’s final months in the White House. 
http://bit.ly/1T9ZWw2 

Power 

By Getting Microgrids to ‘Talk,’ Energy Prize Winners Tackle the Future of Power 
By David J. Unger – InsideClimate News  
An idea born in a California vineyard may make microgrids—small-scale electrical systems hailed as a big part of the future of climate-friendlier power—ready for their future starring role. 
http://bit.ly/1T9ZGNz

Windfarm operator Dong Energy announces stockmarket plans 
By Angela Monaghan – The Guardian 
Dong Energy, the Danish company that has invested £6bn in UK offshore wind power, is planning to float in what would be one of Europe’s biggest listings this year. 
http://bit.ly/1R0kkIf 

EDF sets aside extra £2.7bn to cover Hinkley Point construction costs 
By Sean Farrell – The Guardian
EDF, the French utility group lined up to build twin nuclear reactors at Hinkley Point in Somerset, has said the cost of the project could be £2.7bn higher than previously expected, at nearly £21bn. 
http://bit.ly/1shFiOT

Biomass Could Help Power Africa’s Energy Transition 
By Wambi Michael – IPS  
As fuel, firewood remains the dominant source of energy in Uganda. It has a long history of being unsustainably harvested, leading to severe depletion of the country’s forest cover. But with new technology, biomass is now cleaning up its act. 
http://bit.ly/1WsCBH0

Clean tech 

Tesla Can Build All The Cars It Wants. The Real Challenge Could Be Selling Them 
By Joann Muller – Forbes  
Elon Musk pronounced last week that Tesla Motors is “hellbent on becoming the best manufacturer on earth,” telling investors the company plans to crank up production ten-fold, to 500,000 vehicles a year, by 2018 to satisfy growing demand for its electric vehicles. 
http://onforb.es/24SQAKA

Why Tesla’s Mass-Market Car Should Scare Mercedes and BMW 
By David Welch and Elisabeth Behrmann – Bloomberg News  
Audi, BMW, Mercedes-Benz, and Porsche have long dominated the world’s premium automotive ranks, making Germany home to some of the industry’s most profitable car brands. 
http://bloom.bg/1NrZiYv

Water

To Make Fresh Water without Warming the Planet, Countries Eye Solar Power 
By Richard Martin – MIT Technology Review  
At the giantMohammed bin Rashid Al Maktoum Solar Park under construction near Dubai, a desalination facility goes into operation this month. 
http://bit.ly/1T8iV88 

Water 4.0—the next revolution in urban water systems 
By Wallace Ravven – Phys.org  
In his 2014 book, Water 4.0, UC Berkeley environmental engineer David Sedlak identifies four “revolutions” in the development of urban water systems. 
http://bit.ly/1OpZYIT 

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