Dubbed a “vast money machine”, Blackrock has made a lot of people very rich, most obviously its founder Larry Fink, who earlier this year joined the billionaire’s club. Now the world’s biggest investment fund says it has found a new passion: saving the planet. Yesterday Fink announced plans for his firm to lead the way in “sustainable investing”, by putting more money into businesses that live up to certain environmental or social standards. The twist is that the New York-based firm reckons it can do this and continue to make the returns its investors expect. So is this a genuine attempt to do the right thing or yet another ethical investment swiz, a marketing ploy that gives investors an out when their kids ask them difficult questions about what they do?
We are skeptical of the technical solution of scrubbing the climate of CO2 and turning climate pollution into energy. It is important to continue on the path of transitioning to a 100% clean energy economy for the climate, water, air and healt. We also need an immediate moratorium of building infrastructure for carbon energy. The hope of a technological solution to the climate crisis should not slow the transition that is underway, albeit underway to slowly: North American scientists may be one step nearer to the dream solution to low-carbon energy, new fuel from CO2, if they can suck it straight from the air and convert it directly into gasoline, diesel or jet fuel. That is, they could deliver instant fossil fuels. They could do what nature has done – all coal, oil and natural gas began with carbon dioxide absorbed by living tissue – without the time and expense of deep burial for a hundred million years or so. In principle, they could also use their direct air capture technology to draw the greenhouse gas from the air, turn it into liquid and store it in a secure geological formation for 100,000 years.
By Staff for Popular Resistance. National Georgraphic has published an interractive tool that allows you to search their data base of nations and determine the mix of renewabale energy they could have if the were to move to a carbon-free, nuclear-free energy economy. National Geographic describes the project: "Mark Jacobson, a Stanford engineering professor, believes the world can eliminate fossil fuels and rely on 100 percent renewable energy. Following up on his state-by-state road map for the United States, he has now released data on plans for how 139 countries could wean themselves from coal, oil, natural gas, and nuclear power. For more coverage of Mark Jacobson's 100 percent renewable plans, For example, the mix for the United States would be: - 30 percent onshore wind - 17 percent off shore wind - 24% solar plant - 8% residential rooftop - 7% commercial and government rooftop - 7% concentrated solar - 3% hydroplant
By Amy He for the China Daily - The US Commerce Department is imposing higher tariffs on Chinese solar products imported to the US marketplace. Commerce had indicated that Chinese companies may be entitled to lower rates, but the decision announced on Wednesday to impose tariffs of 238.95 percent reverses that. The department had conducted a review of whether solar manufacturing companies in China had received subsidies from the government between March 2012 and November 2013. Manufacturers now face anti-dumping and anti-subsidy rates of about 31 percent on products made in China. “The Department of Commerce chose against lowering the tax on solar imports. Keeping these stiff tariffs in place makes solar power less affordable, slows job growth and prevents more American homes, businesses and utilities from switching to clean solar energy,” Shah said in a statement released in response to the review's results. “Despite booming solar employment, economically counterproductive tariffs have artificially made solar panels prices in the United States the most expensive in the world. This decision does nothing to correct this imbalance,” Jigar Shah, president of the Coalition for Affordable Solar Energ added.
By Staff of Popular Resistance. The Amsterdam Climate Games is back … and this year it’s bigger, bolder, stronger. Again you can take part in this mega action game with your own team. We promise an even bigger spectacle and better awards. The stakes are high with Amsterdam intending to expand its port in support of a growing fossil fuel industry. The city is siding with the losing team and playing more for profit and economic value than our climate and health! It’s time to interfere with the gameplay of politicians and companies and learn to take action and play the game ourselves! Your team’s goal is to secure a place in Climate Games history by winning one of our highly esteemed awards, while our goal together is to free Amsterdam from polluting industries.
By Steven Winter for Clean Energy Action. Recently, there was a huge victory for energy freedom and rural renewable power on the Western Slope of Colorado. We’ll explain what happened – and why is it so exciting. Delta-Montrose Electric Association (Delta-Montrose), a rural electric co-operative serving 35,000 customers, sought to purchase cheap, reliable and renewable power from a small hydroelectric dam on an irrigation canal in Montrose. That seems simple enough – provide your customers with affordable, clean power that’s right in your backyard – why not? What was standing in Delta-Montrose’s way? What stood in Delta-Montrose’s way was a contract with its wholesale power supplier, Tri-State Generation and Transmission, restricting their freedom to access clean energy. Delta-Montrose buys power from the large utility Tri-State and then sells that power to its members. Tri-State’s contract confined Delta-Montrose, and the 44 other rural electric co-ops it serves, to buying 95% of their electricity from Tri-State. Even if affordable renewables were available literally right next door, these rural electric utilities couldn’t buy them.