News

Puerto Rico’s 10 Biggest Vulture Funds (and the Individuals Behind Them)

In These Times: When Puerto Rico declared a form of bankruptcy in May, it was the largest municipal bankruptcy debt in U.S. history. Puerto Rico’s more than $74.8 billion in debt and $49 billion in pension system obligations surpasses Detroit, Mich.’s $18 billion bankruptcy in 2013. Much of that debt is interest. According to a […]

October 18, 2017 Read More →

As Coal Slips in Texas, Wind Picks Up

Quartz: Although the White House is leading a campaign to burn more coal, states and utilities are largely ignoring the call. In April, West Virginia rebuffed efforts by Democratic governor Jim Justice to revive its moribund coal industry. On Oct. 13, Texas announced it, too, was turning to renewables. The retirement of three coal-powered plants […]

October 18, 2017 Read More →

Resistance at FERC to White House Plan for Aid to Coal and Nuclear Industries

Reuters: The head of the Federal Energy Regulatory Commission said on Tuesday that a directive from the U.S. energy secretary to prop up struggling nuclear and coal power plants has initiated an important conversation, but hinted the agency may not pass the plan without changes. Late last month, U.S. Energy Secretary Rick Perry directed FERC, […]

October 18, 2017 Read More →

Op-Ed: A Train to Nowhere

The Guardian: The dispute over the Adani Group’s proposed Carmichael mine and the associated port at Abbot Point has long been cast as a choice between jobs and the environment. We are promised an economic bonanza with 10,000 jobs and billions of dollars in royalties and taxes. For hard-pressed cities like Townsville and Rockhampton and […]

October 18, 2017 Read More →

Questions on Puerto Rico’s Montana Contract

The Weather Channel: Facing the destruction of almost its entire electrical grid after Hurricane Maria, Puerto Rico turned to a little-known Montana company to restore power rather than rely on a vast network of public power companies that usually comes to the rescue after disasters. Overall, progress has been slow and uneven, stoking concerns about […]

October 18, 2017 Read More →

S&P Exec: Global Shift to Renewables Will Persist, All Politics Aside

Sydney Morning Herald: The global shift from fossil fuels to renewable energy will continue regardless of political action such as President Donald Trump’s decision to withdraw the US from the Paris climate agreement or outbursts from ex-Australian prime ministers, a senior ratings analyst says. “The tide has turned,” said Michael Wilkins, the head of climate […]

October 17, 2017 Read More →

Report: Nuclear Energy in ‘Terminal Decline’

SNL: Nuclear energy is in irreversible decline across the world, with the construction of new units appearing to bottom out, a new report found. “The deterioration of the situation is accelerating,” warned Paris-based nuclear consultant Mycle Schneider at the U.S. launch of the World Nuclear Industry Status Report. The 10th annual edition of the report […]

October 17, 2017 Read More →

California Grid Operator Sees a Largely Decentralized and Renewables-Driven Grid by 2030

Platts: By 2030, renewables will supply about two-thirds of California’s electricity, natural gas-fired generation will be in the process of being phased out and the West will have regional grid operators, according to a draft paper released Wednesday by the California Independent System Operator. The paper — Electricity 2030, Trends and Tasks for the Coming […]

October 17, 2017 Read More →

Op-Ed: New York Town Finds Life After Coal

Buffalo News: When NRG Energy announced the retirement of the Huntley Power Generating Station on River Road, the Ken-Ton School District and the town and county municipalities were facing a total loss of $6 million in PILOT revenues. This loss would eliminate jobs at the plant as well as services and programs offered by the […]

October 17, 2017 Read More →

Solar Industry Sees Post-Hurricane Opportunity in Puerto Rico

Bloomberg News: The solar industry has taken particular interest in San Juan in the aftermath of the hurricane. It’s primarily a humanitarian effort for these companies, but it’s also a chance to showcase an energy source capable of enduring natural disasters. Tesla Inc. is sending its Powerwall battery systems and Sunrun has sent more than […]

October 17, 2017 Read More →