New York PSC approves fund to invest $5 billion in clean energy

New York Governor Andrew Cuomo on Thursday announced the approval of a 10-year, $5 billion Clean Energy Fund to invest in reducing emissions and promoting the use of renewable energy in the state. The state’s Public Service Commission approved the fund after Cuomo officially requested renewable power mandates for the state the previous week, according to a statement from the Governor’s office.


Cutting Pollution From U.S. Power Plants Cheaper Than You Think

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Cutting global-warming pollution in the U.S. may not be so costly after all. A shift to wind and solar power and an expanded electric grid would allow the U.S. to reduce greenhouse-gas emissions from electricity production by as much as 80 percent without raising power costs, according to a study published Monday in the journal Nature Climate Change.

Climate Deal’s First Big Hurdle: The Draw of Cheap Oil

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Barely a month after world leaders signed a sweeping agreement to reduce carbon emissions, the global commitment to renewable energy sources faces its first big test as the price of oil collapses. Buoyed by low gas prices, Americans are largely eschewing electric cars in favor of lower-mileage trucks and sport utility vehicles.


Morningstar ethical rating could cost funds billions

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Asset managers fear losing billions of dollars as a result of a Morningstar initiative that will enable investors to compare the ethical ratings of thousands of funds tracked by the data provider. Morningstar will release the environmental, social

Canada oil sands producers now lose money on every barrel -report

The network of roads reminded me of a claw or tentacles. It illustrated to me the way in which the tentacles of the tar sands reach out and wreak havoc and destruction. Proposed pipelines to American Midwest, Mackenzie Valley, and through the Great Bear Rainforest will bring new threats to these regions while the pipelines  fuel new markets and ensure the proposed five fold expansion of the Tar Sands.
CALGARY, Alberta, Jan 19- All of Canada’s 2.3 million barrels per day of oil sands output is being produced at a steep loss at current crude prices, despite the weak Canadian dollar and a sharp squeeze lower in operating costs, analysts at TD Securities said on Tuesday.
via CNBC

Proof That a Price on Carbon Works

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Lawmakers who oppose taking action to lower greenhouse gas emissions by putting a price on carbon often argue that doing so would hurt businesses and consumers. But the energy policies adopted by some American states and Canadian provinces demonstrate that those arguments are simply unfounded.

Mother Nature’s Invisible Hand Strikes Back Against the Carbon Economy

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Is the hydrocarbon economy too big to fail? If the woefully inadequate outcome of the Paris climate conference is any indication, the answer is still a resounding “Yes!” That’s because the overly optimistic agreement conspicuously ignored the core issue driving up the earth’s temperature and warping the world’s already misshaped markets.

Why clean energy is now expanding even when fossil fuels are cheap

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The latest evidence that 2015 was a breakout year for clean energy is in, and it’s particularly telling. In a new analysis, Bloomberg New Energy Finance finds that 2015 was a record year for global investment in the clean energy space, with $ 329 billion invested in wind, solar panels, biomass plants and more around the world.