February 15, 2019

Companies Vie for Offshore Wind Power Park in New York

Norway's Equinor and three joint ventures have each submitted proposals to build New York's first offshore wind farm. The state will choose the winning proposal in the spring, part of a larger plan to dramatically increase offshore wind power. At 800 megawatts, it would dwarf the country's only existing offshore wind farm.

February 14, 2019

February 13, 2019

Oil’s Twilight? Here's One Investor View on How It Plays Out

The oil industry could face stagnating demand within seven to 10 years, a London fund manager says, arguing that companies need to address how to avoid a crumbling of their finances. The outlook suggests the oil industry may be close to the end of ever-expanding demand that has sustained its business.

Judge: U.S. Must Reconsider Climate Impacts of Montana Mine

A federal judge ruled federal officials have not done enough to consider the climate effects of expanding a coal mine in Montana. The ruling recommends the Interior Department be given 240 days to re-analyze the plan. Environment advocates are frustrated that the judge didn't stop mining in the interim. 

McConnell Says Senate Will Vote on Green New Deal

Senate Majority Leader Mitch McConnell says he'll put the Green New Deal resolution to a vote so Democrats, especially those running for president in 2020, will be forced to go on record. Sen. Ed Markey said McConnell's call for a vote before hearings on the Green New Deal was an attempt to sabotage it.

The Swiss Company That Thinks It Can Help Stop Climate Change

A Swiss firm called Climeworks has been developing a system to remove carbon dioxide from the air to sell for commercial purposes. It's the first direct-air-capture business that seeks to sell carbon dioxide by the ton, and could be a step toward businesses finding ways to remove carbon from the air at relatively low cost.

February 12, 2019

Los Angeles Ditches Plan to Invest Billions in Fossil Fuels

Los Angeles is abandoning a plan to rebuild three natural gas power plants along the coast, Mayor Eric Garcetti said Monday, in a move to get the city closer to its goal of 100% renewable energy and improve air quality in highly polluted communities. The mayor's decision marks an abrupt change of course for the Los Angeles Department of Water and Power.

February 11, 2019

Plummeting Insect Numbers 'Threaten Collapse of Nature'

More than 40 percent of the world's insect species are declining and the total mass of insects is falling by about 2.5 percent a year, according to a global review published in the journal Biological Conservation. The authors say intensive agriculture is the main driver of the decline, particularly the heavy use of pesticides, along with urbanization and climate change.

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