Renewables

An excavator at the Athabasca project near Fort McMurray in Alberta. Shell has cut its interest in the project as part of a retreat from tar sands. Photograph: Mark Ralston/AFP/Getty Images

Carbon-heavy assets offloaded for $8.5bn as company ties 10% of directors’ bonuses to how well it manages emissions

theguardian.com - March 9, 2017

Royal Dutch Shell has agreed to sell most of its carbon-heavy Canadian oil sands assets for $8.5bn (£7bn) as the chief executive warned that the industry risked losing public support without progress towards cleaner energy.

The world’s second largest publicly-traded oil company plans to increase its investment in renewable energy to $1bn (£800m) a year by the end of the decade, Ben van Beurden said on Thursday, although it is still a small part of its total annual spending of $25bn (£20.5bn). 

Shell also said that 10% of directors’ bonuses would be tied to how well it manages greenhouse gas emissions in refining, chemical and upstream operations.

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Wind energy in Sweetwater, Texas. Photograph: Katie Hayes Luke for the Guardian

Climate change in the US: the dangers and the solutions

The most oil-rich and fracking-friendly of states has found itself with the improbable status of being a national leader in a wind energy boom

theguardian.com - by Tom Dart in Sweetwater, Texas, and Oliver Milman in New York - February 20, 2017

Living in New York and Washington, Greg Wortham heard all the grand talk about green energy from liberal politicians. Then he returned to the place where he grew up, a small town that embraced wind power so warmly that within a couple of years of the first turbine turning, it had some of the biggest farms on the planet.

Yet Wortham is not from California, Oregon or New England, but a deeply conservative sector of Texas on the edge of the Permian Basin, one of the most bountiful oil and gas patches in the world.

The welcome sign that greets motorists as they arrive in Sweetwater along Interstate 20, a three-hour drive west of Dallas, is not in the shape of an oil derrick or pumpjack, though: it’s a wind turbine blade bearing the town’s motto, “Life is sweet in Texas”.

Emerging markets are leapfrogging the developed world thanks to cheap panels.

bloomberg.com - by Tom Randall - December 15, 2016

A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity. 

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

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nationalgeographic.com - October 30, 2016

From Academy Award®-winning filmmaker Fisher Stevens and Academy Award®-winning actor, environmental activist and U.N. Messenger of Peace Leonardo DiCaprio, Before the Flood presents a riveting account of the dramatic changes now occurring around the world due to climate change, as well as the actions we as individuals and as a society can take to prevent the disruption of life on our planet.

CLICK HERE - National Geographic - Before the Flood

CLICK HERE - YouTube - Before the Flood

CLICK HERE - About the Film - Before the Flood