article thumbnail

Wildfires and Power Grid Failures Continue to Fuel Each Other

Union of Concerned Scientists

With high-fire-risk months still ahead of us , 2024 has seen significant wildfire damage already. Both fossil fuel and utility companies bear some responsibility for wildfires’ damage, and must be held accountable to ensure disadvantaged and low-income communities aren’t left to shoulder the costs and impacts of these disasters.

article thumbnail

RePlanet Nederland’s review of the draft Delegated Regulation on nuclear energy and gaseous fossil fuels in the sustainable finance taxonomy

Environmental Progress

Notably, in the same proposal, the Commission has also included screening criteria for gaseous fossil fuels. The Regulation sets a time limit on the inclusion of nuclear energy but not on fossil fuels and grants the Commission special powers to rule on nuclear taxonomy compliance.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sustainable Finance 101: The Impact of Climate Change on Your Money

Enviromental Defense

For instance, mortgages are connected to homes, while fossil fuel finance is tied to infrastructure like pipelines, oil wells, and the reserves still in the ground. Up to $4 trillion of fossil fuel assets are at risk of being stranded, with $100bn at risk in Canada by 2036. However, Canada is falling behind.

article thumbnail

PennFuture 25th Anniversary Celebrations Honor 7 Pennsylvanians For Fighting Climate Change, Industrial Pollution

PA Environment Daily

He retired in January 2024. Throughout his career, Minott and the Clean Air Council earned a reputation for holding government agencies and fossil fuel companies accountable. His fourth conference is scheduled for Friday, April 19, 2024. In 2011, Kraybill purchased his first electric car, a Chevy Volt.

article thumbnail

What Happens If Glen Canyon Dam’s Power Shuts Off?

Circle of Blue

Rated for 1,320 megawatts — roughly the size of a large fossil fuel plant — the dam is now capable of only 800 megawatts. Less hydropower will force utilities to look elsewhere for replacement supplies, including from fossil fuel sources. Most comes from fossil fuels, wind, and solar.

article thumbnail

Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill

Corp Watch

Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill BNN Bloomberg PaulaR Wed, 01/17/2024 - 14:45 Monday, January 15, 2024 Read more Marcelo Rochabrun (Bloomberg) -- Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its involvement in Peru’s largest oil spill in 2022.

2014 52
article thumbnail

Everything You Wanted to Know About Biodiesel and Renewable Diesel. Charts and Graphs Included

Union of Concerned Scientists

Production capacity grew by 400 percent between 2019 and 2022 and based on announced and planned projects, it could double again by the end of 2024. Two thirds of the capacity planned for 2023 and 2024 is in California, especially two projects in the San Francisco Bay area, the Marathon Martinez and Phillips 66 Rodeo refineries.

Biofuels 304