March 12 Energy News

March 12, 2020

Opinion:

¶ “The Future Of Exxon And The Permian’s Flaring Crisis” • ExxonMobil’s Investor Day presentation happened just as its share price had fallen to a 15-year low. Battered by a volatile oil market and increasing scrutiny over the climate crisis, investors wanted answers on how Exxon planned on dealing with the shifting landscape. They got rhetoric. [DeSmog]

Big gas flare (Credit: Hamel)

¶ “Why Put A Price On Carbon? To Protect The Energy Workers Who Made America Great” • Sen Sheldon Whitehouse of Rhode Island and James Slevin, the president of the Utility Workers Union of America penned an opinion piece for The Washington Post laying out the case for putting a price on carbon emissions, as a way to protect American jobs. [CleanTechnica]

¶ “Why Is The UAE, Where Solar Energy Is Abundant, About To Open Four Nuclear Reactors?” • Since new nuclear seems to make little economic sense in the Gulf, which has some of the best solar energy resources in the world, the nature of UAE’s interest in nuclear energy may lie hidden in plain sight – nuclear weapon proliferation. [EconoTimes]

Barakah nuclear plant (IAEA Imagebank | Flickr, CC BY-NC-ND)

¶ “Can Renewables Give A New Beginning To Climate-Displaced Women In Bangladesh?” • The Internal Displacement Monitoring Center in Bangladesh estimates that nearly 1.2 million people are displaced every year due to climate hazards, nearly 86% due to flooding. Women and girls, with already limited income, have their work cut out for them. [Modern Diplomacy]

Science and Technology:

¶ “Greenland And Antarctica Ice Loss Accelerating” • Earth’s great ice sheets, Greenland and Antarctica, are now losing mass six times faster than they were in the 1990s thanks to warming conditions. A comprehensive review of satellite data acquired at both poles is unequivocal in its assessment of accelerating trends, say scientists. [BBC]

Thwaites Ice Shelf (NASA image)

¶ “Storing Excess Seasonal Renewable Power As Hydrogen Is Economically Viable: DNV GL” • Excess power generated from renewable sources that are seasonal in nature, stored in the form of hydrogen, derived from breaking up water molecules, has the potential to provide cost-effective long-term electricity storage systems. [EnergyInfraPost]

¶ “No Negative Impact On Birds From German Offshore” • The expansion of offshore wind farms in the German Bight region of the North Sea has had no negative impact of the population loons, according to a study that examined two different types of the birds. It found that populations have remained stable since the expansion of wind energy. [reNEWS]

Loon (Francesco Veronesi, Wikimedia Commons)

World:

¶ “Renewables To Make A$1 Trillion In New Coal-Fired Plants Uncompetitive” • Analysis published by Carbon Tracker found more than half of coal-fired power stations worldwide were more costly to run than building new renewable energy. And by 2030, all coal capacity will be uncompetitive with renewables in all markets. [The Sydney Morning Herald]

¶ “American Cooperation May Help Azerbaijan Move Toward Greater Reliance On Renewables” • In an era when corporations and countries are looking to “go green” to power businesses and economies, one US official says the positive relationship between Baku and Washington may lead to cooperation in the renewables sector. [Caspian News]

Solar panels in Azerbaijan (Courtesy image)

¶ “Atlas Renewable Energy And Anglo American Announce The Largest Bilateral Solar Energy PPA In Brazil” • Latin American renewable energy company Atlas Renewable Energy and British mining company Anglo American Plc announced that they have signed a solar power purchase agreement with an investment of R$881 million ($183 million). [AltEnergyMag]

¶ “Opus Energy Offers New 100% Renewable Electricity Tariff For Businesses” • Specialist UK and EU business-to-business energy supplier Opus Energy has launched Opus Advance, a 100% renewable electricity tariff for small and medium sized businesses, which it will provide as standard for all new and renewing customers. [Renewable Energy Magazine]

Flat rootop solar system (NREL image)

¶ “UK Budget ‘Thin’ On Climate Mitigation Support” • The UK 2020 budget has delivered little to help transition the country to a low-carbon economy and support renewables, according to the Solar Trade Association. The STA had called on the government to deliver a budget that unlocked the potential of solar energy in the UK. [reNEWS]

US:

¶ “The Oil Industry Doesn’t Want To Be Bailed Out By Trump” • The shale industry that made the US the world’s leading oil and gas producer is facing its deepest crisis yet, triggered by a trade war and the coronavirus. Reportedly, the Trump administration is considering federal assistance. Industry leaders, however, say they don’t want a bailout. [CNN]

Pump jacks (David McNew | Reuters)

¶ “US East Coast Offshore To ‘Deliver 83,000 Jobs'” • The US offshore wind sector could deliver up to 83,000 jobs and $25 billion in annual economic output by 2030, a report by the American Wind Energy Association says. The report assessed the impact of 30 GW of projects expected to be developed off the East Coast of the US by 2030. [reNEWS]

¶ “New Hampshire Senate Digs Deep Into Renewable Energy Policy” • There are a number of other ways besides net metering to facilitate large-scale renewable and energy-efficiency projects, and several bills have been  introduced in the New Hampshire Senate to provide more viable options for the state’s businesses and municipalities. [New Hampshire Business Review]

Have an unimaginably jolly day.

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