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Congress is about to pass a historic climate bill. So why are oil companies pleased? | Kate Aronoff
The bill is a devil’s bargain between the Democrats, the fossil fuel industry, and recalcitrant senator Joe Manchin. Yet it’s better than nothing
“We’re pleased,” ExxonMobil’s CEO, Darren Woods, said on an earnings call last month, speaking about the Inflation Reduction Act. He called the bill, now making its way through the US Congress, “clear and consistent”. After it passed the Senate Sunday evening, Shell USA said it was “a step toward increased energy security and #netzero”. The world is currently on track to produce double the amount of coal, oil and gas in 2030 than is consistent with capping warming at 1.5C. To state the obvious: climate policy should strike fear into the hearts of fossil fuel executives, not delight them. So what have some of the world’s worst polluters found to like about a historic piece of climate legislation?
Guilt by association only goes so far: that the Inflation Reduction Act (IRA) passed is undoubtedly good news. It will do a lot of good things. Democrats face the distinct possibility of being locked out of power for at least a decade after midterm elections this November, when they’re expected to lose the House of Representatives. Republicans won’t be keen to recognize that another party’s candidate could win the presidency, let alone reduce emissions. That something being called climate policy passed at all is thanks to the tireless work the climate movement has done to put it on the agenda, and the diligent staffers who spent late nights translating that momentum into legislation.
Kate Aronoff is a staff writer at the New Republic and the author of Overheated: How Capitalism Broke the Planet – And How We Fight Back
Continue reading...Taiwan extends emissions reporting requirements to manufacturing firms
Farmers call for Truss and Sunak to tackle ‘immoral’ water wastage
Tory leadership hopefuls urged to set out emergency plans as parts of UK face driest conditions on record
Liz Truss and Rishi Sunak must set out emergency water plans to tackle “immoral” wastage, the president of the National Farmers’ Union has said.
Farmers fear their crops will be harmed, or even fail, due to the recent dry weather. If there is not significant rainfall this autumn and winter, drained reservoirs and empty rivers will not refill sufficiently for a lot of farming to be viable next year. And next year’s potential drought could be more severe than this summer’s arid conditions.
Continue reading...Marubeni secures exclusive agricultural biochar offset deal
China exporters likely to face rising costs from EU’s border measures -report
Horizon deploys new technology for greener micro-grids in isolated communities
Horizon rolls out new management system that better integrates utility-owned energy resources with customer owned assets such as rooftop solar, batteries, and electric vehicles.
The post Horizon deploys new technology for greener micro-grids in isolated communities appeared first on RenewEconomy.
Manager Land and Nature Based Solutions, Santos – Adelaide
Gravity storage start-up says it has “multi gigawatt hour” plans for Australian zinc refiner
Gravity storage start-up Energy Vault flags "multi-gigawatt hour" storage solution for Queensland zinc refinery.
The post Gravity storage start-up says it has “multi gigawatt hour” plans for Australian zinc refiner appeared first on RenewEconomy.
‘Living legends’: Woodland Trust reveals tree of the year shortlist
Oak said to have inspired Chronicles of Narnia among 12 contenders in competition now in its eighth year
An oak tree that is said to have inspired the Chronicles of Narnia is among those nominated for the Woodland Trust’s tree of the year competition.
The Kilbroney oak is located in Kilbroney Park, Northern Ireland, where CS Lewis holidayed as a child, later describing it as his vision of Narnia.
Continue reading...Woodland Trust’s UK tree of the year 2022 nominations – in pictures
Five gargantuan oaks, one of which is said to have provided the inspiration for the fantasy land of Narnia, and a spectacular ‘portal rowan’ are among the unique specimens in the running to be crowned the Woodland Trust’s tree of the year for 2022
Continue reading...‘Alarming’ mass fish kill in Lake Macquarie under investigation by EPA
Precise cause of the deaths of hundreds of fish first detected last week is unknown, with preliminary analysis suggesting oxygen deprivation
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The deaths of hundreds of fish in Lake Macquarie are being investigated, with the New South Wales environmental regulator looking for “any potential pollution sources” that could have caused the mass kill.
Paul Winn, the lead researcher at the Hunter Community Environment Centre, said “probably several hundred to up to 1,000 fish” had been killed in Wyee Bay, on the southern end of Lake Macquarie near Newcastle, and washed ashore.
Continue reading...Magpies warble, spring stirs, as wind and solar deliver one quarter of grid demand
Variable renewable energy - wind, rooftop PV and large scale solar - are delivering one quarter of Australia's demand on an annualised basis.
The post Magpies warble, spring stirs, as wind and solar deliver one quarter of grid demand appeared first on RenewEconomy.
Graph of the Day: Australia’s best performing wind farms in July
Small but perfectly positioned: The Kiata wind farm again tops the rankings of wind farm performance in July.
The post Graph of the Day: Australia’s best performing wind farms in July appeared first on RenewEconomy.
Supermarket food could soon carry eco-labels - study
Once the fish factories and ‘kidneys’ of colder seas, Australia’s decimated shellfish reefs are coming back
Growing disillusionment in REDD+ projects, forestry investor says
Minister says India will not export carbon credits as parliament passes crucial bill
Hydrogen 101: What it must do, what it might do, and what it probably won’t do
A lot of hope is invested in hydrogen. There are things it must do, some it probably will be able to do, but others it likely won't because electricity is more efficient.
The post Hydrogen 101: What it must do, what it might do, and what it probably won’t do appeared first on RenewEconomy.