InsideClimateNews.org -- Jeffrey Wiese, the nation's top oil and gas pipeline safety official, recently strode to a dais beneath crystal chandeliers at a New Orleans hotel to let his audience in on an open secret: the regulatory process he oversees is "kind of dying."
Wiese told several hundred oil and gas pipeline compliance officers that his agency, the Pipeline and Hazardous Materials Administration (PHMSA), has "very few tools to work with" in enforcing safety rules even after Congress in 2011 allowed it to impose higher fines on companies that cause major accidents.Read more »
Climate Central -- As the anniversary of Hurricane Sandy approaches, a new study points to the rapidly escalating risk of Sandy-magnitude flooding events in the New York City area. The study, published Thursday in the Bulletin of the American Meteorological Society, found that sea level rise has already doubled the annual probability of a Sandy-level flood in New York City since 1950.
Rising seas are a consequence of manmade global warming, as well as local shifts in land surface elevations. Sea level rise has accelerated in recent years, from a rate of 1.7 millimeters per year between 1901 to 2010, up to 3.2 millimeters per year between 1993 and 2010.Read more »
Customers of an undisclosed mid-Atlantic utility in 2011 received a series of five postcards in the mail informing them that their electricity use would be studied for a month. Their role was passive; they needn't do anything to participate. Just act normal and be studied.
The Carnegie Mellon researchers who dispatched the postcards were flirting with the sin of omission. They did hope to study the customers' electricity use — specifically, how it might change as they received postcards informing them of a study. Turns out it did. "Residential customers who received weekly postcards informing them that they were in a study reduced their monthly use by 2.7% — an amount greater than the annual conservation goal currently mandated by any state."Read more »
World Resources Institute -- To maintain its economic growth and provide for its massive population, China must reconcile two powerful, converging trends: energy demand and resource scarcity. One prime example of this tension is the country’s coal use and water supply.
According to a new WRI analysis, more than half of China’s proposed coal-fired power plants are slated to be built in areas of high or extremely high water stress. If these plants are built, they could further strain already-scarce resources, threatening water security for China’s farms, other industries, and communities.Read more »
Evolution has handed down to us in the form of plants and animals — for free! — more than 3 billion years of design and engineering research.
That's the theme throughout the work of Janine Benyus, a biologist whose 1997 book, Biomimicry: Innovation Inspired by Nature, makes the argument that inventors, designers and engineers should scour the natural world for useful and adaptable innovations. The book led to the creation of her consultancy, Biomimicry 3.8, and a nonprofit that educates students and trains professionals to seek design solutions in nature.Read more »
Energy Secretary Ernest Moniz told reporters earlier this month that "there is no war on coal."
Read it as you like — as a true statement, or as exactly what you'd expect someone to say who's waging a war on coal. Either way, political warfare is preceding literal explosions, as utilities count demolition and redevelopment as options in a future projected to have reduced reliance on coal, the carbon-based fuel most dangerous to the climate.Read more »
While activists and industry compete for the president's ear over fracking or the oil sands pipeline, while courts clear the books of laws preventing marriage equality, some financial professionals say markets can steer the world toward a cleaner, more equitable, healthier and more profitable future.
Erika Karp, who recently left her post as head of global sector research at UBS, on Friday launched a new company, Cornerstone Capital Inc., designed to work toward that goal. The company has several missions, which include helping small and medium-size businesses access capital more reliably, and advocating for the inclusion of environmental, social and governance (ESG) data into investment analysis.Read more »
Bloomberg BNA — Climate change remains a material risk for a majority of investors and, in many cases, it is increasingly influencing their investment activities, according to a report released Aug. 5 by a coalition of global investor groups.
About 81 percent of asset owners and 68 percent of asset managers said they view climate change as a material risk across their entire investment portfolio in the third annual Global Investor Survey on Climate Change. Most of the remaining respondents identified climate risks only for certain asset classes, such as real estate and infrastructure.Read more »