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
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.
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.
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.
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.
‘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.
***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.”
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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.
(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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.