Energy News StoriesExcerpts of Key Energy News Stories in Major Media
Note: This comprehensive list of energy news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
President Donald Trump just dealt his biggest blow to the renewable energy industry yet. On Monday, Trump approved duties of as much as 30% on solar equipment made abroad, a move that threatens to handicap a $28 billion industry that relies on parts made abroad for 80% of its supply. The Solar Energy Industries Association has projected 23,000 job losses this year in a sector that employed 260,000. The tariffs are just the latest action Trump has taken that undermine the economics of renewable energy. The administration has already decided to pull the U.S. out of the international Paris climate agreement, rolled back Obama-era regulations on power plant-emissions and passed sweeping tax reforms that constrained financing for solar and wind. The import taxes, however, will prove to be the most targeted strike on the industry yet and may have larger consequences for the energy world. Trump approved four years of tariffs that start at 30% in the first year and gradually drop to 15%. The first 2.5 gigawatts of imported solar cells are exempt for each year, the president said in an emailed statement. China and neighbors including South Korea may opt to challenge the decision at the World Trade Organization - which has rebuffed prior U.S.-imposed tariffs that appeared before it. Lewis Leibowitz, a Washington-based trade lawyer, expects the matter will wind up with the WTO. The Solar Energy Industries Association warned the tariffs will delay or kill billions of dollars of solar investments.
Note: The solar power industry now employs more US workers than coal, oil and natural gas combined. Elites like the Rockefellers have stopped investing in fossil fuels, while utility executives have been waging a "determined campaign" to try to stop Americans from installing rooftop solar panels. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.
Norway said that electric or hybrid cars represented half of new registrations in the country so far in 2017, as Norway continues its trend towards becoming one of the most ecologically progressive countries in the world. According to figures from the Road Traffic Information Council (OFV) ... sales of electric cars accounted for 17.6 per cent of new vehicle registrations in January and hybrid cars accounted for 33.8 per cent, for a combined 51.4 per cent. Norway already has the highest per capita number of all-electric cars in the world. The milestone is also particularly significant as a large proportion of Norway’s funds rely on the country’s petroleum industry. "This is a milestone on Norway's road to an electric car fleet," Climate and Environment minister Vidar Helgesen [said]. “The transport sector is the biggest challenge for climate policy in the decade ahead. We need to reduce (CO2) emissions by at least 40 per cent by 2030," he added. Last year, the government agreed on a proposal to ban the sale of new gasoline and diesel-powered car starting in 2025. It also aims to reduce carbon dioxide emissions of new cars to 85 grams per kilometre by 2020 - a goal it has almost achieved: : the figure stood at 88 grams in February compared to 133 grams when the decision was taken five years ago. In December, Norway registered its 100,000th electric car. Norway has also become the first country in the world to commit to zero deforestation.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
More than half of the electricity generated in the UK in 2017 came from low-carbon sources for the first time ever. Renewables and nuclear provided more electricity than all fossil fuels combined, with wind generation alone supplying twice as much energy as coal, according to analysis by Carbon Brief, a website that tracks climate change and energy policy. Wind made a greater contribution to the country’s electricity needs than coal in every month apart from January. The share from low-carbon sources doubled between 2008 and 2017, Carbon Brief said. The UK has also added wind and solar power generation rapidly, as costs have fallen. Future development will increasingly be possible without the Government subsidies that have aided the industry’s development until now. The UK also passed a series of other milestones last year, including its first day without coal power since 1882, the most electricity produced from solar power at any one moment and the most wind power produced in a day. Wind saw the biggest increase of any energy source, with supply up 31 per cent for the whole of 2017 on 2016’s level. The electricity sector has been the primary focus of renewable power generation as that power can then be used to revolutionise the other sectors, for example through the electrification of transport. Britain’s power system is the fourth cleanest in Europe and the seventh cleanest in the world.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Germany has spent $200 billion over the past two decades to promote cleaner sources of electricity. That enormous investment is now having an unexpected impact - consumers are now actually paid to use power on occasion, as was the case over the weekend. Power prices plunged below zero for much of Sunday and the early hours of Christmas Day on ... a large European power trading exchange, the result of low demand, unseasonably warm weather and strong breezes that provided an abundance of wind power on the grid. Such “negative prices” are not the norm in Germany, but they are far from rare, thanks to the country’s effort to encourage investment in greener forms of power generation. Prices for electricity in Germany have dipped below zero ... more than 100 times this year alone. Several countries in Europe have experienced negative power prices, including Belgium, Britain, France, the Netherlands and Switzerland. But Germany’s forays into negative pricing are the most frequent. At times, Germany is able to export its surplus electricity to its neighbors, helping to balance the market. Still, its experiences of negative prices are often longer, and deeper, than they are in other countries. In one recent example, power prices spent 31 hours below zero during the last weekend of October. At one point, they dipped as low as minus €83, or minus $98, per megawatt-hour, a wholesale measure. Anyone who was able to hook up for a large blast of electricity at that time was paid €83 per unit for the trouble.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Electric cars are already cheaper to own and run than petrol or diesel cars in the UK, US and Japan, new research shows. The lower cost is a key factor driving the rapid rise in electric car sales now underway. At the moment the cost is partly because of government support, but electric cars are expected to become the cheapest option without subsidies in a few years. The researchers analysed the total cost of ownership of cars over four years, including the purchase price and depreciation, fuel, insurance, taxation and maintenance. Pure electric cars came out cheapest in all the markets they examined. Pure electric cars have much lower fuel costs – electricity is cheaper than petrol or diesel – and maintenance costs, as the engines are simpler. In the UK, the annual cost was about 10% lower than for petrol or diesel cars in 2015, the latest year analysed. Hybrid cars which cannot be plugged in and attract lower subsidies, were usually a little more expensive than petrol or diesel cars. Plug-in hybrids were found to be significantly more expensive. “We were surprised and encouraged because, as we scale up production, [pure] electric vehicles are going to be becoming cheaper and we expect battery costs are going to fall,” said James Tate, who conducted the research. At current rates, sales of electric cars could outstrip diesel cars as early as May 2019.
Note: China is the world’s biggest supporter of electric cars, and will require one out of every five cars sold there to run on alternative fuel by 2025.
ENRON: The Smartest Guys in the Room [is] the inside story of one of history’s greatest business scandals, in which top executives of America’s seventh largest company walked away with over one billion dollars while investors and employees lost everything. Based on the best-selling book ... this tale of greed, hubris and betrayal reveals the outrageous personal excesses of the Enron hierarchy and the moral vacuum that led CEO Ken Lay - along with other players including accounting firm Arthur Andersen, Chief Operating Officer Jeffrey Skilling and Chief Financial Officer Andy Fastow - to manipulate securities trading, bluff the balance sheets and deceive investors. By 2000, the company has grown into the largest natural gas merchant in North America, eventually branching out into trading other commodities. Jeff Skilling is named CEO, and the company stock skyrockets. Meanwhile, Skilling’s “black box” accounting results in declared earnings of 53 million dollars for a collapsing deal that doesn’t profit a cent. And Enron’s West Coast power desk has its most profitable month ever as California citizens become casualties of Enron’s scheme to artificially increase demand for electricity, resulting in rolling blackouts and two deaths. When Enron’s sleight of hand accounting and unethical trading eventually meet the realities of balance sheets that don’t balance and products that don’t exist, unwitting employees who have anchored their financial futures to the Enron ship watch in horror as water rushes in overhead.
Note: Watch this revealing documentary on this webpage. Enron was American's seventh-largest public company and controlled 25 percent of the nation's energy before it failed in 2002. Its stock plummeted from $90 a share to 9 cents a share in a matter of months after fraud was uncovered. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.
The conservative city of Georgetown, Texas, runs on renewable energy. After all, wind and solar power are more predictable and easier to budget than oil and gas. Clean power pushes may be associated with more left-leaning cities, but Republican mayor Dale Ross called the switch to renewables a no-brainer. In 2017, at least 15 weather events cost the government more than a billion dollars each. The most expensive events we have in the U.S. are floods. The money spent preparing for and preventing these events ... pays itself back double, triple, and even quadruple times over. But companies and private citizens often fail to prepare properly because the money spent on prevention is private, whereas costs after the fact are often allotted through government organizations. Many fail to connect the cost of switching to renewable energy with the eventual savings of avoiding natural disasters. On an even larger scale, the costs of switching to renewable energy are larger up front, though they save money in the future. For example, Denmark struggled to store its wind power in a way that allowed them to save it for times of high electricity demand. Then they encouraged residents to buy electric cars. Now these vehicles act like moving batteries, and people can sell the energy back to the grid when the cars are parked.
A Tesla Model S has been hacked in the Netherlands to allow the electric car to run off a second fuel supply - hydrogen cells. Gas supplier Hulthausen Group claims it has doubled the Tesla Model S's range from about 300 miles per charge to 620 miles. "Project Hesla", as it was dubbed by the company's founder, sourced a second-hand Model S and made the modifications without involvement from Tesla. The hack uses the car's electrical mainframe and adds a second layer of charging via hydrogen cells. But as tempting as increased range is, interested customers face heavy drawbacks. Refueling the hydrogen battery will become tricky as there are only seven public refuelling stations across the UK. The United States has 39 public stations across four states. Price will also be a deterrent. The Tesla Model S starts at Ł64,700 and can rise all the way to Ł122,200. The cost of installing the hydrogen power source is about Ł44,000. If owners really want to go far and fast in their cars, a Model S P100D could end up costing them about Ł170,000.
Note: For more along these lines, see concise summaries of deeply revealing energy innovation news articles from reliable major media sources.
The Hellisheidi geothermal power plant situated on the mid-Atlantic ridge, is the newest and largest geothermal plant in Iceland - a country that heats 90% of its homes using geothermal water. The plant has now become the first in history to capture carbon dioxide from ambient air, using a system of fans and filters, and then store it in bedrock 700 metres down. There the gas reacts with basaltic rock and forms solid minerals, creating a permanent storage solution, and turning Hellisheidi into a negative emissions site. The EU-funded project [is] capable of capturing 50 metric tons of CO2 each year. Christoph Gebald, Founder and CEO at Climeworks, said: “The potential of scaling-up our technology in combination with CO2 storage, is enormous. Our plan is to offer carbon removal to individuals, corporates and organizations as a means to reverse their non-avoidable carbon emissions.′ It also costs $600 per ton of carbon dioxide, a figure they are hoping to reduce to $100 per ton. Iceland currently runs 100% of it’s electricity from renewable sources.
Every two years, the US Energy Information Administration (EIA), America’s official source for energy statistics, issues 10-year projections about how much solar, wind and conventional energy the future holds for the US. Every two years, since the mid-1990s, the EIA’s projections turn out to be wrong. Last year, they proved spectacularly wrong. The Natural Resources Defense Council, an environmental advocacy group, and Statista recently teamed up to analyze the EIA’s predictions for energy usage and production. They found that the EIA’s 10-year estimates between 2006 to 2016 systematically understated the share of wind, solar and gas. Solar capacity, in particular, was a whopping 4,813% [or 48 times] more in 2016 than the EIA had predicted in 2006 it would be. The EIA regularly underestimates the growth in renewables but overestimates US fossil-fuel consumption. These estimates matter because they form the basis for actions by the Environmental Protection Agency and other federal agencies. The agency’s “projections bear little resemblance to market realities” because they ignore publicly available evidence, argues the clean-energy non-profit Advanced Energy Economy. Michael Grunwald at Politico reports the EIA seems to base its projections on the assumption that renewable energy costs won’t fall much, when in fact they keep plunging.
China will set a deadline for automakers to end sales of fossil-fuel-powered vehicles, becoming the biggest market to do so in a move that will accelerate the push into the electric car market. Xin Guobin, the vice minister of industry and information technology, said the government is working with other regulators on a timetable to end production and sales. The move will have a profound impact on the environment and growth of China’s auto industry, Xin said at an auto forum in Tianjin on Saturday. The world’s second-biggest economy, which has vowed to cap its carbon emissions by 2030 and curb worsening air pollution, is the latest to join countries such as the U.K. and France seeking to phase out vehicles using gasoline and diesel. The looming ban ... will goad both local and global automakers to focus on introducing more zero-emission electric cars to help clean up smog-choked major cities. “The implementation of the ban for such a big market like China can be later than 2040,” said Liu Zhijia, an assistant general manager at Chery Automobile Co., the country’s biggest passenger car exporter. The U.K. said in July it will ban sales of diesel- and gasoline-fueled cars by 2040, two weeks after France announced a similar plan to reduce air pollution and meet targets to keep global warming below 2 degrees Celsius (3.6 degrees Fahrenheit). Norway and the Netherlands are considering a more aggressive way to put an end on fossil fuel cars years earlier than its European peers.
Note: According to a recent study, subsidies propping up the global fossil fuel industry "were $4.9 tn in 2013 and they rose to $5.3 tn just two years later."
Texas companies involved in illegal air pollution releases were penalized by the state in fewer than 3% of all cases, according to a new report. The report, Breakdowns in Enforcement ... found that overall Texas imposed penalties for 588 out of 24,839 “malfunction and maintenance events” reported by companies from 2011 to 2016. The incidents caused the emission of over 500m pounds of pollutants and total fines amounted to $13.5m. In 2016 there were 3,720 unauthorised pollution events but only 20 times did the state regulator, the Texas commission on environmental quality (TCEQ), impose a penalty, the report found. Texas is the US’s leading oil and gas producer, making it a template for others. The analysis also claims that many polluters, such as oil and gas wells, are escaping regulators’ attention by wrongly asserting that they emit under 25 tons of sulfur dioxide and volatile organic compounds each year, a tally entitling them to a permit exemption under state and federal law. Allegations of slack controls in Texas come as Scott Pruitt, the head of the Environmental Protection Agency ... has tried to undo, delay or block more than 30 environmental rules in his first four months in the job. Texas’ government has [also] passed laws in recent years that make it harder for local authorities to assert control and pursue cases in court. In one example, after the city of Denton, near Dallas, prohibited fracking, the state moved swiftly in 2015 to ban the ban.
China’s ambitions to dominate new energy technologies are unfolding at the site of an abandoned coal mine about 300 miles (483 kilometers) northwest of Shanghai. There, in Anhui province, Sungrow Power Supply Co. has built the world’s largest floating solar farm with 166,000 panels on a lake created when a nearby mine collapsed. While not an entirely unique idea - similar facilities are working in Japan, the U.K. and Israel - the project’s scale represents a step forward for China in shaping the future of energy. With plans to spend $360 billion on renewable energy by 2020, China is seeking to appear as a global leader on the environment, marking a contrast with U.S. President Donald Trump’s rebuke of the Paris Agreement on climate change. “The Chinese are really investing in the research and development side of innovation,” said Helen Clarkson, chief executive officer of The Climate Group, a non-governmental organization that works to promote clean energy technologies and policy. While Trump has said repeatedly he wants to stimulate fossil fuels and especially coal, China is funding a series of ground-breaking projects that generate power without pollution. Whether with massive floating solar farms like the one in Anhui, sprawling wind farms or ambitious plans to develop geothermal reserves, the world’s most-populous nation is asserting itself as a powerhouse of clean-energy technology.
Mark Carney, the governor of the Bank of England, addressed the insurance industry on climate change [in 2015]. He dropped a bombshell on the oil industry. His message was twofold. First, if the world seriously intended to limit global warming to 2şC, most of the coal, oil and gas reserves in the ground would be left “stranded”, or unrecoverable. Second, a task force would be set up to prompt companies to disclose how they planned to manage risks and prepare for a 2şC world, similar to the one created to improve risk disclosure by banks after the financial crisis. Mr Carney’s remarks presaged a change in attitude towards oil companies by governments, financial regulators and investors that has become clearer since the Paris climate-change agreement last December. The Securities and Exchange Commission, America’s stockmarket regulator, is investigating whether ExxonMobil, the country’s biggest oil company, values its untapped reserves appropriately in light of the recent halving of oil prices and potential regulatory action on climate change. In October it said it might write down about one-fifth of its reserves. The company has faced related probes by New York’s attorney-general. The industry may come under further pressure. If measures to stop global warming are fully implemented, oil-company revenues could fall by more than $22trn over the next 25 years, more than twice the predicted decline for the gas and coal industries combined.
Note: For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.
General Motors will start selling a tiny electric car in China this week that will cost about $5,300 after national and local electric vehicle incentives. For that sort of price, the Baojun E100 is no Cadillac, of course. The two-seat car's wheelbase - the distance from the center of the front wheels to the center of the rear wheels - is just 63 inches. Prices for the car start at RMB 93,900, or about $14,000, before incentives. The E100, which is Baojun's first electric car, is powered by a single 39-horsepower electric motor and has a top speed of 62 miles an hour. The E100 can drive about 96 miles on a fully charged battery. Baojun is a mass-market car brand from General Motors' SAIC-GM-Wuling joint venture in China. It's China's eighth most popular car brand. More than 5,000 people have already registered to buy the first 200 vehicles, according to GM. Another 500 vehicles will be made available this week, and buyers will be chosen on a first-come-first-served basis, a GM spokesperson said. Sales will initially be limited to the Guanxi region of southern China, but GM plans to sell the car more widely in China. A GM spokesperson declined to say exactly how many it expects to sell. China is the largest automotive market in the world, and its government is making a big push for electric cars. Already, China accounts for 40% of all electric cars sold worldwide, according to the International Energy Agency.
Fossil fuels are expensive. Much of their costs are hidden, however, as subsidies. If people knew how large their subsidies were, there would be a backlash against them from so-called financial conservatives. A study was just published in the journal World Development that quantifies the amount of subsidies directed toward fossil fuels globally, and the results are shocking. The authors work at the IMF and are well-skilled to quantify the subsidies discussed in the paper. The subsidies were $4.9 tn in 2013 and they rose to $5.3 tn just two years later. According to the authors, these subsidies are important because first, they promote fossil fuel use which damages the environment. Second, these are fiscally costly. Third, the subsidies discourage investments in energy efficiency and renewable energy that compete with the subsidized fossil fuels. Finally, subsidies are very inefficient means to support low-income households. With these truths made plain, why haven’t subsidies been eliminated? We are talking enormous values of 5.8% of global GDP in 2011, rising to 6.5% in 2013. Petroleum and coal receive much larger subsidies compared to their counterpart fuels. There are two key takeaway messages. First, fossil fuel subsidies are enormous and they are costs that we all pay, in one form or another. Second, the subsidies persist in part because we don’t fully appreciate their size. These two facts, taken together, further strengthen the case to be made for clean and renewable energy.
Note: Even competing with such heavily subsidized fossil fuels, the solar power industry in the US now employs more workers than the coal, oil and natural gas industries combined. For more along these lines, see concise summaries of deeply revealing energy news articles from reliable major media sources.
Identifying a tipping point is not always easy. But when one of the world’s most powerful oil bosses says he is in the market for an electric car, there can be little doubt. Ben van Beurden, the Royal Dutch Shell boss, last week delivered the clearest indication yet that the burgeoning electric vehicle industry is already hastening the decline of global oil demand. For “Big Oil” it is time to adapt or die, and Shell intends to adapt. Within the next year Shell will unveil early plans for a deeper presence in renewable energy and the electrical chain to tap the boom in electric vehicles. “Everyone is repeatedly surprised at how fast electric cars are coming forward,” Professor Dieter Helm told The Telegraph. The number of new registrations of plug-in cars has grown from 3,500 in 2013 to more than 100,000 at the end of May. “But the political pressure to adopt this technology is increasing all the time. It’s not due to concerns over climate change – it’s city air pollution,” he said. And so it was in the UK last week when the Government’s bid to tackle the country’s worsening air pollution followed the example set by France two weeks earlier in pledging to halt the sale of combustion vehicles by 2040. At the same time, government put the battery boom front and centre in its industrial strategy with Ł246m of funding for research and development. Battery Britain may require a fundamental shift for Europe’s oil majors, automotive giants and embattled refineries.
Note: For more along these lines, see concise summaries of deeply revealing energy news articles from reliable major media sources.
As the Trump administration yanks the U.S. out of the Paris climate change agreement, claiming it will hurt the American economy, Beijing is investing hundreds of billions of dollars and creating millions of jobs in clean power. "Even in China where coal is - or was - king, the government still recognizes that the economic opportunities of the future are going to be in clean energy," said Alvin Lin, Beijing-based climate and energy policy director with the Natural Resources Defense Council. More than 2.5 million people work in the solar power sector alone in China, compared with 260,000 people in the U.S.. While President Trump promises to put American coal miners back to work, China is moving in the opposite direction. Coal still makes up the largest part of China's energy consumption, but Beijing has been shutting coal mines and set out plans last year to cut roughly 1.3 million jobs in the industry, [as well as] pledged in January to invest 2.5 trillion yuan ($367 billion) in renewable power generation - solar, wind, hydro and nuclear - by 2020. China's growing dominance in the [renewable power] sector has had a huge effect on the global market. Manufacturers dramatically ramped up production of solar panels, driven by an estimated $42 billion in government subsidized loans between 2010 and 2012. The U.S. accused China of flooding the market and the Commerce Department started imposing steep tariffs on Chinese-made solar panels in 2012 in a bid to protect American producers.
Note: The world's biggest floating solar power plant was recently built in China. And in the US, the solar power industry now employs more workers than the coal, oil and natural gas industries combined.
It’s the end of an era for coal. Production of the fossil fuel dropped by a record amount in 2016, according to BP Plc’s annual review of global energy trends. China, the world’s biggest energy consumer, burned the least coal in six years and use dropped in the U.S to a level last seen in the 1970s, the company’s data show. Coal, the most polluting fuel that was once the world’s fastest growing energy source, has been a target of countries and companies alike as the world begins to work toward the goals of the Paris climate agreement. Consumption is falling as the world’s biggest energy companies promote cleaner-burning natural gas, China’s economy evolves to focus more on services than heavy manufacturing and renewable energy like wind and solar becomes cheaper. U.S. demand for coal fell by 33.4 million tons of oil equivalent last year to 358.4 million, the biggest decline in the world in absolute terms, BP data show. Global consumption dropped 1.7 percent last year compared with an average 1.9 percent yearly increase from 2005 to 2015, according to BP. Consumption of coal fell in every continent except Africa, the BP data show. Germany, Europe’s biggest user, consumed 4.3 percent less coal. U.K. demand fell 52.5 percent, the biggest percentage decline among the world’s major economies, according to BP’s data.
As the solar industry continues to grow, so do its job opportunities. It's no surprise then that the fastest-growing job in the U.S. between 2012 and 2016 was for a solar photovoltaic installers or someone who assembles solar panels on roofs. The job pays about $42,500 a year. Overall, the U.S. added 211,000 jobs in April, MarketWatch reports. This is an overall increase in employment, but some states and industries performed better than others. The second fastest-growing field was for mathematics and computer jobs, two of the fields that fall under STEM. Out of all 50 states, Michigan performed the best in this field—boasting a 200% increase in computer and information research scientists between 2012 and 2016. Other industries also saw growth - namely personal care jobs and skincare specialist occupations. For example, in Utah, the number of personal care aids increased 313% to 6,780 jobs. But the salary isn't great: MarketWatch reports those positions only pay $21,890 per year. Meanwhile, in North Carolina, the number of skincare specialist grew 187% to 890 positions. The average salary is $33,760.
Note: The above article does not mention that the solar power industry in the US now employs more workers than the coal, oil and natural gas industries combined.
Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.