June 18, 2019

June 17, 2019

In Exxon Climate Fraud Case, Judge Rejects a Key Defense Tactic

A judge has prohibited Exxon from using the claim that it became a target of prosecutors because its position on climate change did not align with that of the attorney general's. Exxon is accused of engaging in a scheme to deceive investors by providing false or misleading assurances that it was managing economic risks posed by climate change.

Trump Official Pressed NASA Chief on Climate Science, Emails Show

Newly disclosed emails show a Trump adviser known for climate denial and a Heartland Institute analyst pressed NASA Administrator Jim Bridenstine to "systematically sidestep" scientifically established rises in sea levels and temperatures under climate change. The pair were seemingly troubled that Bridenstine, a former skeptic, had come to better understand the science.

UN Chief Calls on EU to Raise 2030 Climate Goal to 55 Percent

UN Secretary-General Antonio Guterres called on the European Union to ramp up its commitment to cutting greenhouse gas emissions to a 55% reduction — up from 40% — by 2030. "I am counting on you, once again, to demonstrate the leadership of the European Union," Guterres wrote.

June 13, 2019

America's Renewable Energy Capacity Is Now Greater Than Coal

For the first time, U.S. power plants can produce more energy from renewable sources than coal, according to a Federal Energy Regulatory Commission report. Coal consumption in the U.S. recently hit its lowest level in 40 years. "It's got nowhere to go but extinction," said one clean energy investment adviser.

Adani Wins Green Light for Australian Coal Mine

Adani Enterprises received approval to start construction of a controversial coal mine in Australia, but a recent drop in prices for low grade thermal coal has raised doubts about whether the mine will be financially worthwhile. "Government approval does not mean they have a marketable product," said Professor Peter Newman from Curtin University's Sustainability Institute.

June 12, 2019

Theresa May Commits to Net Zero UK Carbon Emissions by 2050

UK Prime Minister Theresa May committed Britain to reaching net zero carbon emissions by 2050, making it the first major economy to set that target. Environmental groups welcomed the move, but some said allowing the UK to reach the goal in part through international carbon credits would "shift the burden to developing nations."

GAO: Climate Change Poses 'High Risk' to Federal Spending

The Government Accountability Office re-affirmed the risk of climate change to the federal budget, particularly for disaster aid, insurance for crops and property, and the costs of managing federal land. "Climate change is playing a role in the increasing frequency of some types of extreme weather that lead to the billion-dollar disasters," the report says.

Oil Demand Signals Are Flashing Red as Price Dives Toward $50

President Trump's trade war with China is driving down oil prices internationally, with some indicators hitting the lowest point in years, according to Morgan Stanley. "China has slowed faster than people expected and the trade war is still having a significant impact," one trading adviser said.

In Hot Water? Study Says Warming May Reduce Sea Life By 17 Percent

For every degree Celsius that the world's oceans warm, the total mass of sea animals is projected to drop by 5%, according to a new study by an international team of marine biologists. As a result, the world's oceans could lose about one-sixth of their fish and other marine life by the end of the century if climate change continues on its current path.

June 11, 2019

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