In today’s edition, investors are (again) warned: S&P will look more into climate risks to rate companies in the financial Sector. And anything goes in the campaign: Hillary Clinton is said to plan to have a ‘Climate Map Room’ in the White House if she becomes president. Finally, we suspected it. Apparently, this is the case: Climate change played a role in the Fort McMurray ‘firestorm’.
Quote of the day
“We expect that, over time, climate change may have the potential to materially affect the credit profiles of some financial services companies.”
S&P analysts, in the Bloomberg News’ story S&P Warns of Climate Risks to Financial Sector
S&P Warns of Climate Risks to Financial Sector
By Andrea Vittorio – Bloomberg News
Standard & Poor’s Ratings Services says it will take a closer look at how banks, insurers and asset managers are preparing for the impacts of climate change.
Why outgoing U.N. chief Ban Ki-moon was willing to bet big on a climate change deal
By Brady Dennis – The Washington Post
Ban Ki-moon, the globetrotting secretary-general of the United Nations, sat inside the Mayflower Hotel in Washington on a rainy morning this week, sounding relaxed and reflective.
Young Analysts Press the Case for Innovation, and Tolerance, in Pursuing a Post-Carbon Energy Menu
By Andrew C. Revkin – The New York Times
For years, it has often seemed that those most passionately pressing for a rapid transition from still-abundant fossil fuels to non-polluting energy sources have been as focused on attacking each others’ arguments as they have on fighting powerful interests defending the status quo (as well as perhaps the biggest foe —inertia, both in society and infrastructure). The result has often felt like a three-legged race — or worse.
Hillary Clinton Plans To Have A ‘Climate Map Room’ In The White House, Podesta Says
By Jeff McMahon – Forbes
If she’s elected president, Hillary Clinton intends to equip the White House with a situation room just for climate change, inspired by the Map Room where Franklin D. Roosevelt managed World War II, her campaign chairman, former White House Chief of Staff John Podesta, said Friday.
Canada wildfire: The climate change connection to the Fort McMurray ‘firestorm’
By Will Worley – The Independent
Climate change has contributed towards the “hellish” wildfire that is rampaging through Alberta, Canada, experts have said.
CARBON EXPO 2016
Global Carbon Market Fair and Conference
May 25-27, 2016
Cleantech Innovate Scotland
June 9, 2016
Wave of Fossil Fuel Project Cancellations Follows Keystone XL Rejection
By Zahra Hirji – InsideClimate News
Six months after the Obama administration rejected the Keystone XL pipeline, at least 20 other proposed energy projects—mines, pipelines, plants, related rail projects and export terminals—have been canceled, rejected or delayed, according to research compiled and mapped by InsideClimate News.
Natural gas / coal
EPA chief: US must help coal country transition
By Timothy Cama – The Hill
President Obama’s top environmental regulator said Friday that many coal-dependent communities in West Virginia and elsewhere are at risk of being “left behind” as the country moves away from coal power.
From Coal To Code: A New Path For Laid-Off Miners In Kentucky
By Erica Peterson – NPR (Audio)
All over eastern Kentucky, you see cars and pickup trucks with black license plates proclaiming the owner is a “friend of coal.”
Fracking Hits Milestone as Natural Gas Use Rises in U.S.
By Bobby Magill – Climate Central
More natural gas in the U.S. is coming from wells that have been hydraulically fractured than ever before, and fracking’s share of the country’s gas supply is continuing to rise, according to new data from the U.S. Energy Information Administration.
Red States Are Leading the Way in Renewable Energy
The Associated Press
And they’re home to some of the leading critics of climate science in Congress.
(India) Doubly green: Solar power ramps up to support wind
The Times of India
Tamil Nadu’s utilisation of green energy has increased since April with more than 1,500MW coming from solar and wind energy sources.
China’s Wind Power Blows Away Researchers
Blue & Green tomorrow
Consulting firm GlobalData have released a new report on wind power across the world. Research shows that China has the highest wind power globally and that wind power in the country could treble in just 15 years.
***LB: Also in this story “According to research released by GlobalData, wind power installed capacity in China rise from approximately 149 Gigawatts (GW) in 2015 to over 495 GW by 2030, representing a Compound Annual Growth Rate (CAGR) of 9 per cent.”
Is the Tesla 3 the electric car that will change everything?
By Miles Brignall – The Guardian
It’s being marketed as the model that will finally make electric cars mainstream. To get one you will need a £1,000 deposit, and then have to wait for at least two years before it is delivered.
Exxon Is Planning a Fuel Cell Venture
Exxon Mobil Corp, which has been fighting accusations it misled investors and the public for years about the risks of climate change, said on Thursday it will expand a research project with FuelCell Energy Inc that aims to cut the cost of collecting carbon emissions from power plants.
(UK’s) Water utility deals herald revolution in energy industry
By Jillian Ambrose – The Telegraph
The local water utility might seem an unlikely site for a revolution. But the swell of changes due to hit the water supply market within months is set to burst open the idea of which companies might be supplying Britain’s lights and water.