InsideClimateNews.org -- Some of the nation's driest, drought-plagued places have quickly become its busiest hot spots of drilling for shale gas and oil, especially in Texas, Colorado and California.
It's a dust-bowl-sized problem likely to become worse, according to a study released Wednesday by the nonprofit sustainability advocacy group firm Ceres. Fracking, the controversial drilling technique, is consuming billions of gallons of water each year in states where water is increasingly scarce. The report warns that investors need to demand information about how energy companies are managing this problem or risk their investment portfolios being clobbered.Read more »
InsideClimate News -- Thanks to climate change, extreme weather disasters have hammered the United States with increasing frequency in recent years—from drought and wildfires to coastal storms and flooding.
It is perhaps surprising, then, that the U.S. agency in charge of preparing for and responding to these disasters, the Federal Emergency Management Agency (FEMA), doesn't account for climate change in most of its budget planning and resource allocation or in the National Flood Insurance Program it administers.Read more »
InsideClimateNews.org -- A decision 90 years ago by the people of Sacramento, Calif. to oust a private electric company and start a government-owned utility has been the unlikely inspiration for Berliners trying to wrest control of Germany's largest grid from a coal-fired utility.
While little known in America, the creation of Sacramento's Municipal Utility District was the model for a November referendum to give Berlin a municipal utility that would pump more clean energy into the grid. The 1923 vote in Sacramento helped the California city build a rare, green record—constructing the nation's first big solar plant, voting to shut down a nuclear reactor and approving a goal of slashing climate-changing emissions by 90 percent by 2050.Read more »
InsideClimateNews.org -- Jerry Skinner stands in his garden, looking into the distance at the edge of a forested mountain. Amid the lush shades of green, a muddy brown strip of earth stands out. It's the telltale sign of a buried pipeline.
"The pipelines are all around this property," Skinner said. "When I came here, the county had an allure that it doesn't have anymore. I'm not sure I want to live here anymore."Read more »
InsideClimateNews.org -- As environmentalists began ratcheting up pressure against Canada's tar sands three years ago, one of the world's biggest strategic consulting firms was tapped to help the North American oil industry figure out how to handle the mounting activism. The resulting document, published online by WikiLeaks, offers another window into how oil and gas companies have been scrambling to deal with unrelenting opposition to their growth plans.
The document identifies nearly two-dozen environmental organizations leading the anti-oil sands movement and puts them into four categories: radicals, idealists, realists and opportunists—with how-to's for managing each. It also reveals that the worst-case scenario presented to industry about the movement's growing influence seems to have come to life.Read more »
InsideClimateNews.org — A well-heeled coalition of investors is asking top fossil fuel companies to calculate the risks of plowing billions into new oil, gas and coal projects. They fear that carbon emission limits and slowing demand will turn them into bad investments that leave investors worse off.
The requests, contained in letters sent to 45 companies last month, are part of an initiative aimed at persuading oil producers and others to rein in their quest to stockpile more carbon energy. They hope to do so by tapping into growing concerns that climate policies and market factors could prevent companies from selling all of their reserves of fossil fuels, which are still growing fast.Read more »
InsideClimateNews.org -- At the U.S. Department of Energy's Washington, D.C. headquarters, the fourth floor feels like any other nondescript outpost of the federal bureaucracy. But the no-frills landscape of desks and cubicles belies the immensity of the job at hand.
Each day nearly 200 staffers scour loan applications, track billion-dollar debts and manage borrowers' credit risk as part of the department'sLoan Programs Office—one of the biggest clean energy finance shops in the world.Read more »
InsideClimateNews.org -- Tucked into letters the State Department has received from people seeking to influence its review of the northern segment of the Keystone XL pipeline are pleas from local officials, largely from Montana, who see the project as a lifeline for their strapped budgets.
Several mention offers by TransCanada, the pipeline operator, to help rebuild local bridges or other infrastructure projects. Others want the tax revenue or jobs the project would bring, even if those benefits might be temporary.Read more »
InsideClimateNews.org -- The 1940s-era construction process that ExxonMobil said caused an oil pipe to rupture in Arkansas earlier this year is a common and well-documented problem the pipeline industry has battled for decades—and one the industry believes can be detected and controlled with appropriate vigilance.
"With proper inspection and maintenance, these catastrophic events can be prevented," said Mohammad Najafi, a pipeline construction expert and engineering professor at the University of Texas at Arlington. "As pipelines exceed their design lives, they need more maintenance and a proper asset management strategy to prevent or minimize these ruptures."Read more »
InsideClimateNews.org — For nearly two years, refineries in the Midwest have been buying crude oil at steep discounts thanks to a glut of U.S. and Canadian oil. But drivers in the Midwest haven't seen a corresponding decrease in gasoline prices. In fact, they sometimes pay more at the pump than people in other parts of the country, even as windfall profits flow to BP, Koch Industries Inc. and other large Midwestern refiners.
"It's good to be a refiner," said Tom Kloza, chief oil analyst at the Oil Price Information Service, a company that tracks energy markets. "For 20 years, the rule of thumb was that if you made $5 a barrel east of the Rockies, that was a good profit for a refinery. Recently, we saw a period in the Midwest where refiners were making $40, or $50, or even $60 a barrel on gasoline."Read more »