Remove 2022 Remove Fossil Fuels Remove Natural Gas Remove Regulations
article thumbnail

An A to Z of Fossil Fuel Industry Deception

Union of Concerned Scientists

This year has brought new evidence of what major fossil fuel companies knew and when about the role their products play in climate change, as well as what they did in spite of what they knew. They enable us to strengthen our balance sheet and high grade or diversify our portfolio.

article thumbnail

Fossil Fuel Companies Make Billions in Profit as We Suffer Billions in Losses

Union of Concerned Scientists

The world’s biggest fossil fuel companies recently released their 2022 earnings reports, revealing record-breaking profits last year; just five companies–ExxonMobil, Shell, BP, Chevron, and TotalEnergies–reported a total of nearly $200 billion in profits. billion, respectively, during 2022. billion and $35.5

Insiders

Sign Up for our Newsletter

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

article thumbnail

Storm Elliott Knocked Out Fossil-Fuel Power. We’ve Been Here Before.

Union of Concerned Scientists

Utilities and grid operators prepared for the storm as it was coming down the pike, but they still underestimated the energy demand it would trigger, as well as the number of outages at fossil fuel power plants—mainly natural gas-fired, plus some coal-fired plants.

article thumbnail

Good News—and Bad—about Fossil Fuel Power Plants in 2023 

Union of Concerned Scientists

And fossil fuel power plants may not stick to their retirement schedules for a variety of reasons. Note: this is adjusted for inflation to 2022 dollars and is based on the amount those plants emitted in 2021, the EIA’s most recent year of finalized data. A bit more on those reasons later. What can be done?

article thumbnail

PUC Updates Investigation Into Dec. 2022 Natural Gas House Explosion In Dauphin County

PA Environment Daily

On October 18, the Safety Division of the Public Utility Commission announced it is continuing their investigation into the circumstances surrounding a December 2022 house explosion and fire in Susquehanna Township, Dauphin County. Based on information gathered to-date, the Safety Division has determined the following: -- On Dec.

article thumbnail

Climate Policy in the World’s Fourth Largest Country

Legal Planet

Over three-fourths of Indonesia electricity comes from fossil fuels: 60% from coal and 16% from gas. In late 2022, Indonesia nudged its goals upward to 32% below BAU, and (41% to 43% below BAU with foreign assistance). In fact, Indonesia is moving its capital 600 miles away for this reason. Several official plans.

article thumbnail

Something Stinks: California Must End Manure Biomethane Accounting Gimmicks in its Low Carbon Fuel Standard

Union of Concerned Scientists

California’s transportation fuel policy is knee deep in cow poop, and it’s not a good look. The California Air Resources Board (CARB) is considering amendments to its Low Carbon Fuel Standard (LCFS) regulation, but indicated they have no plans to address the problems caused by counter-productive subsidies for manure biomethane.