U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Influential investors, companies, hospital systems, colleges, and universities called on Northeast and Mid-Atlantic governors to take steps to modernize the region’s transportation system and keep the local economy thriving.
“As businesses and investors with operations throughout the Northeast and Mid-Atlantic states, we urge you to prioritize policies and investments to create a clean, equitable and efficient transportation system,” more than 70 signatories wrote in letters delivered this week to governors throughout the region. “Our system for moving people and goods throughout the region has a clear impact on business productivity and costs, and our region stands to benefit significantly from making investments today to modernize that system.”
Many companies face internal barriers such as siloed departments or expertise that prevent them from reaching their energy and sustainability potential. To clear these hurdles, organizations are starting to integrate how they buy and use energy with sustainability initiatives, an approach that maximizes investments, delivers greater returns and builds more robust, viable operations.
People may be more willing to pay for clean energy and strategies that dramatically reduce emissions than previous studies have suggested, according to new research by Michigan State University Professor Douglas Bessette and University of Michigan Professor Joseph Árvai, “Engaging Attribute Tradeoffs in Clean Energy Portfolio Development,” published in Energy Policy. Árvai is the Erb Institute’s faculty director.
Cypress Creek Renewables, one of the largest integrated solar energy companies in the U.S., and NRG Energy, Inc. announced a joint project where Cypress Creek will develop and operate 25 megawatts of solar projects for NRG to support commercial and industrial customers. The environmentally friendly solar installations will be the foundation of a new type of simplified fixed-price renewable energy plan for large businesses, adding an innovative dimension to a proven product structure.
History shows that the introduction or increased supply of gas as an alternative energy source has a transformative impact on economies.
Besides power generation, gas can be used for transport, industrial applications, mineral beneficiation, and production of liquid fuels and fertilizer. The construction schedule of a combined cycle gas turbine (CCGT) plant is approximately 30 to 36 months, with open cycle capability often being available after roughly 20 months. The feasibility, licensing, and financial close process of these projects can take 2 to 5 years. In the interim, many other users would be able to use the gas if it was available. The markets for liquid fuel products in Africa make up roughly 40 percent of the total energy consumption and are projected to hold steady for the near
Influential businesses praised Colorado Gov. John Hickenlooper’s decision this week to reduce transportation emissions and adopt a program that would put more clean and efficient cars on the road. The program, known as Advanced Clean Cars (ACC), will boost Colorado’s economy by increasing fuel cost savings, reducing health costs, and curbing greenhouse gas emissions.
Tetra Tech’s work with Power Africa is proof of concept. We support four distribution companies in Nigeria that had high losses, low collections, a proliferation of illegal connections, and aging infrastructure. We partnered with the companies to develop turnaround plans and implement reforms. Today losses are down, revenue is up, and management is stronger and more effective. Above all, more cash is flowing through the energy sector value chain.
California energy regulators recently passed a new building code requiring most newly constructed, low-rise homes constructed after 2019 to have built-in solar-powered energy systems, making that state the first to adopt such a mandate. That decree was part of other additions to the building code aimed at bolstering energy efficiency.
Growing interest in high efficiency, pollution-reducing transit options is propelling investment in new electrified mass transit projects across the United States. Reflecting this trend, Black & Veatch announced it has completed the charging station infrastructure that powers Washington, D.C.’s new electrified mass transit project – the latest move by U.S. cities to reimagine how to sustainably move people across urban landscapes and experience the benefits of clean transportation, both on and off the bus.
This will be a hot summer for solar and storage developers in Massachusetts as the Commonwealth kicks off its SMART program, providing tiered incentives to promote solar with an additional kicker if there is storage attached. It’s an exciting program—the first of its kind outside of California, and one of the first ever in the U.S. to promote energy storage coupled with community solar (direct contracts between solar arrays and residents).
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