September 11 Energy News

September 11, 2020

Opinion:

¶ “Should People Be Prevented From Living In Fire And Flood Prone Areas?” • A recent survey by Bo MacInnis and Jon Krosnick on behalf of Resources For The Future finds there is broad public support for doing something about natural disasters. According to the New York Times, 57% of those surveyed support making it illegal to build in risky areas. [CleanTechnica]

Quechee Vermont (Stephen Flanders, Wikimedia Commons)

¶ “Could Exxon Be … Running Out Of Cash?!” • Could Exxon be running out of cash? An article by Yahoo! Finance reported that ExxonMobil Corp faces a $48 billion shortfall through next year. This year alone, Exxon needed to borrow $23 billion to pay its bills. Instead of expanding as planned, Exxon is now reviewing where it can cut expenses. [CleanTechnica]

¶ “South Korea’s Green New Deal Shows The World What A Smart Economic Recovery Looks Like” • As Covid-19 devastates the global economy, there’s an opportunity for governments to support a green-led recovery. Some countries, such as South Korea, are using the crisis to kickstart economic growth that is environmentally sustainable. [UNSW Newsroom]

Wind turbines in South Korea (Yonhap | AAP)

¶ “Managing Climate Risk in the US Financial System” • The Commodity Futures Trading Commission’s report on climate risk to the US economy is a first of-its-kind effort from a US government entity. Approved in subcommittee by a 34-0 vote, including representatives from banks and oil giants, it calls for urgent action on climate change. [CleanTechnica]

Science and Technology:

¶ “The Remarkable Floating Gardens Of Bangladesh” • Much of Bangladesh is prone to floods and waterlogging, and agriculture suffers from floods. In one part of Bangladesh, a traditional method of cultivation uses floating vegetable gardens. Now farmers are reviving this old practice to reduce the vulnerability they have from climate change. [BBC]

Garden rafts (©Fahmida Akter)

¶ “Scientists Predict Heavy Flood Events In The Sierra Nevada Will Become More Extreme Under Future Climate Warming” • California is on track to get drier over the coming decades. But in a new study, researchers at UC Santa Barbara and UCLA warn that flooding potential associated with extreme precipitation events is set to increase sharply. [YubaNet]

World:

¶ “Tens of thousands of fires are pushing the Amazon to a tipping point” • Fires continue to rage at high levels through the Amazon in Brazil for the second year in a row, raising concerns among scientists that the rainforest’s destruction could eventually reach a point of no return. And the government of Brazil is doing little to curb illegal fires. [CNN]

Fire in the Amazon (Christian Braga | Greenpeace)

¶ “MG5 Touring Wagon With 214 Mile Range Available In UK Q4 2020 For Under £24,000” • MG Motor will bring the MG5 full battery electric touring wagon to the UK starting from the fourth quarter 2020. With a WLTP rated range of 214 miles, and an excellent 7 year warranty, the price of £23,995 (after incentives) seems like a great value. [CleanTechnica]

¶ “Mega-Projects And Mini-Prices: Latin American Renewables Tipped For Huge Growth” • Analysts at Rystad Energy expect Latin America renewable energy capacity to more than double as soon as 2025. They say power prices are dropping, in some areas to below $25/MWh, and they expect auctions to move forward in most countries despite Covid-19. [Recharge]

Wind farm

¶ “One Of The Oldest LNG Deals Is Unraveling” • An agreement almost 50 years old for Japanese utilities to buy Indonesian fuel is set to expire at the end of this year. At least one of six Japanese utilities in a buyers’ consortium won’t renew its contract, and others may join it. There is a glut of natural gas and nuclear reactors are restarting in Japan. [Rigzone]

US:

¶ “With PPA Signed, Geothermal Project In Unalaska, Alaska Moving Ahead” • Chena Power and Ounalashka Corp, an Alaska Native village corporation, have signed a 30-year power purchase agreement for the planned 30 MW Makushin geothermal power plant in Unalaska, a fishing community. The developer hopes the plant will be online in 2023. [ThinkGeoEnergy]

View of Unalaska (umnak, creative commons | flickr)

¶ “BP Invests In Offshore Wind To Power 2 Million American Homes” • BP is moving into offshore windpower for the first time with a $1.1 billion investment in the US. BP plans to make major investments into bioenergy, hydrogen, and carbon capture and storage. It aims to raise $25 billion by selling oil and gas assets over the next five years. [CNN]

¶ “Oregon Wildfires: Half A Million People Flee Dozens Of Infernos” • More than half a million people in Oregon are fleeing deadly wildfires that are raging across the Pacific Northwest, authorities say. Governor Kate Brown said at least four fatalities have been confirmed. More than 100 wildfires are currently scorching 12 western US states. [BBC]

A girl and her bike (Reuters image)

¶ “US Energy Department And Other Federal Agencies Launch the Federal Consortium for Advanced Batteries” • The US DOE, Department of Commerce, Defense Department, and State Department launched the Federal Consortium for Advanced Batteries to speed development of a robust, secure, domestic industrial base for advanced batteries. [CleanTechnica]

¶ “Walmart and Schneider Electric Announce Groundbreaking Collaboration To Help Suppliers Access Renewable Energy” • Walmart Inc and Schneider Electric announced a collaboration called the Gigaton PPA Program. It will provide increased access to renewable energy for Walmart’s US-based suppliers, enabling them to lead on climate action. [StreetInsider.com]

Have a thoroughly satisfactory day.

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