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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 and $35.5 billion, respectively, during 2022.

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Both Utilities and Fossil Fuel Companies Are to Blame for Western Wildfires

Union of Concerned Scientists

I usually try to stay in my cozy power sector bubble, plugging away on electricity grid decarbonization. But this new study from my colleagues working on climate change and fossil fuel accountability couldn’t be ignored. Source: The Fossil Fuels Behind Forest Fires , UCS. That equates to 19.8

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What Fixed Charges on Your Electric Bill Could Mean for Charging an EV in California

Union of Concerned Scientists

Residential electricity rates for many Californians have increased significantly over the last year, making it more expensive to charge an electric vehicle (EV) at home. It’s still cheaper to recharge an EV than buy gasoline, but those savings have been eroded by surging electric rates. to $9.54.

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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.

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

Union of Concerned Scientists

With the clean energy transition already under way, the US electricity mix is set to continue changing this year. Solar power is expected to make up about half of all additions of US electric generating capacity in 2023, according to data from the US Energy Information Administration (EIA). I’ll start off with the good.

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Fighting Climate Change and Unhealthy Air, California Wants to Electrify Trucks, Too

Union of Concerned Scientists

Coming off its recent decision requiring all new passenger cars and trucks be zero-emission by 2035, the California Air Resources Board (CARB) is developing a first-of-its-kind regulation to reduce emissions from heavy-duty vehicles like delivery vans, big rigs, box trucks, and buses. There are more than 1.8 pollution from vehicles.

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New, Updated Carbon Majors Dataset Holds Promise for Researchers, Litigators

Union of Concerned Scientists

That 2013 headline resulted from the first effort to quantify emissions from the ‘carbon majors’ —fossil fuel companies and cement manufacturers whose businesses have contributed an outsized amount of heat-trapping gases to the atmosphere. Nearly two-thirds of industrial heat-trapping emissions can be traced to just 90 entities.