January 15, 2019

Barclays to Reject Most Financing for Arctic Drilling

Barclays says in a new policy statement that it is unlikely to finance oil and gas drilling in Alaska's Arctic National Wildlife Refuge in the future. It did not say if it would pull out of current financing, and its statement drew some criticism from activist groups. Other big UK banks announced climate policies last year.

January 14, 2019

PG&E to File for Bankruptcy Following Devastating California Wildfires

California's largest power company intends to file for bankruptcy as it faces tens of billions of dollars in potential liability following massive wildfires, according a filing with the Securities and Exchange Commission. PG&E cited the need for extensive rebuilding and "the significant increase in wildfire risk resulting from climate change."

December 21, 2018

CDC’s Climate Team, and Its Boss, Just Got Harder to Find

The Centers for Disease Control and Prevention has quietly folded its Climate and Health Program into a branch that studies asthma. The former head of the program has also been reassigned to a waterborne diseases unit and was the subject of a dismissal notice that was retracted after a nonprofit said it was considering a whistleblower lawsuit, The New York Times reports.

A 21,000% Gain Shows Sky-High Value of Offshore Wind Leases

An Italian construction company just sold its lease to develop a wind farm in waters off the New Jersey coast for $215 million, about 21,000 percent more than it paid only three years ago. Interest in U.S. offshore wind has surged since 2016, when the nation's first, and thus far only, offshore wind project was completed off Rhode Island.

We’re Losing Monarch Butterflies Fast—Here’s Why

Monarch butterfly migration numbers have been falling off, and studies have pointed to droughts and the quantity and quality of milkweed the caterpillers eat. New research also suggests climate change is shaping the butterflies more directly: One study found their wing span had increased nearly 5 percent over the past century and a half, possibly because they have to travel farther as temperatures warm.

December 20, 2018

EPA Grants Exxon ‘Hardship Waiver’ from Biofuels Law, Sources Say

ExxonMobil reported nearly $20 billion in earnings last year, but the EPA still granted a "hardship waiver" this year that temporarily frees its Montana refinery from U.S. biofuel laws, Reuters reports, citing three sources familiar with the matter. The waiver program was meant to help small fuel facilities.

Senators Flake, Coons Introduce Bipartisan Climate Bill

Sens. Jeff Flake (R-Ariz.) and Chris Coons (D-Del.) introduced a carbon pricing bill on Wednesday. The bill is a companion to legislation introduced by a bipartisan group in the House in November. Given the timing, it's unlikely to get attention this year, though, and Flake is leaving office in January.

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