Good News Notes: “Long duration energy storage has yet to make a significant dent in the global energy profile. To date, the only widespread form of storage technology that can last longer than a few hours is the century-old “water battery,” in the form of hydropower reservoirs and their cousins, pumped hydro reservoirs. On the plus side, hydropower dams and…
Tag: oil
Credit Suisse To Halve Fossil Fuel Funding
Good News Notes: “Swiss banking major Credit Suisse plans to slash its exposure to the fossil fuel industry by half by 2030. The bank said, as quoted by Reuters, it had already reduced its exposure to the industry by 41 percent between 2020 and 2021, and currently had some $2.6 billion in loans outstanding with oil, gas,…
Oil-covered snowy owl found at Milwaukee recycling center; recovering
Good News Notes: “Oil doesn’t mix with a lot of things. Add owls to the list. A snowy owl found last Friday sitting atop a mound of material at a Milwaukee recycling center had its feathers so fouled with diesel oil it couldn’t fly. And its typical bright white coloration was a dingy brown. “She was very dirty and looked…
Mayor Wu Signs Ordinance To Divest City Funds From the Fossil Fuel Industry
Good News Notes: “At her first bill signing, Mayor Michelle Wu today signed an ordinance requiring the City of Boston to divest from fossil fuel, tobacco, and private prison industries by the end of 2025. The ordinance, co-sponsored by then-Councilor Wu, Councilor Edwards and Councilor O’Malley, was unanimously approved by the Boston City Council last…
Opec member urges oil producers to focus more on renewable energy
Good News Notes: “The finance minister of Iraq, one of the founding members of the global oil cartel Opec, has made an unprecedented call to fellow oil producers to move away from fossil fuel dependency and into renewable energy, ahead of a key Opec meeting. Ali Allawi, who is also the deputy prime minister of Iraq,…
kenyan woman’s startup recycles plastic into bricks that are stronger than concrete
Good News Notes: “Nzambi Matee — a Nairobi-based 29-year-old entrepreneur and inventor — is the founder of a startup that recycles plastic waste into bricks that are stronger than concrete. called Gjenge Makers Ltd, her company initiated following the development of a prototype machine that turns discarded plastic into paving stones. one day at the…
Shell Sets Net-Zero Target for 2050, Emphasizing Power and Renewables
Good News Notes: “Shell on Thursday announced a net-zero emissions target for 2050, becoming the second major European oil company after BP to embrace such a goal. An expanded power business will make the biggest contribution to the shift but renewables investment will play a major role. The British-Dutch firm will also target ‘Scope 3’ emissions, which encompass the end…
And So It Begins: World’s 11th-Biggest Economy Pitches Renewable Energy For COVID-19 Recovery
Good News Notes: “One key state is New York State, which by some measures would be the world’s 11th-largest economy if it was an independent country. On Friday, April 3, New York announced the passage of enabling legislation for its new clean power plans. If that date rings a bell, April 3 is the same…
Germany Gets Over Half of Their Electricity From Renewable Sources In The First Quarter of 2020
Producing almost 52% of the domestic electricity it needed with renewable power sources, the first quarter of 2020 marked a record for Germany. Compare that to only 44% in the first quarter of 2019. Several factors contributed to this landmark event. The country had record wind power production in February as well as particularly high…
Virginia Mandates 100% Clean Power by 2050
Good News notes: “Virginia has become the latest state to pass a law that sets it on a path to 100 percent carbon-free electricity by 2050, as well as setting targets for massive investments in energy efficiency, energy storage, and in-state solar and wind power. The Clean Economy Act passed Virginia’s House of Delegates by a 51-45…