Situation Report

riskybusiness.org

reuters.com - by Sharon Begley - June 24, 2014

(Reuters) - Annual property losses from hurricanes and other coastal storms of $35 billion; a decline in crop yields of 14 percent, costing corn and wheat farmers tens of billions of dollars; heat wave-driven demand for electricity costing utility customers up to $12 billion per year.

These are among the economic costs that climate change is expected to exact in the United States over the next 25 years, according to a bipartisan report released on Tuesday. And that's just for starters: The price tag could soar to hundreds of billions by 2100.

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American Climate Prospectus
http://rhg.com/reports/climate-prospectus

Across newspapers, TV, and Internet, confidence no higher than 22%

gallup.com - by Andrew Dugan - June 19, 2014

WASHINGTON, D.C. -- Americans' faith in each of three major news media platforms -- television news, newspapers, and news on the Internet -- is at or tied with record lows in Gallup's long-standing confidence in institutions trend. This continues a decades-long decline in the share of Americans saying they have "a great deal" or "quite a lot" of confidence in newspapers or TV news, while trust in Internet news remains low since the one prior measure in 1999.

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Lead image: Nuclear plant via Shutterstock

renewableenergyworld.com - by Mark Cooper - June 6, 2014

Within the past year, a bevy of independent, financial analysts (Lazard, Citi, Credit Suisse, McKinsey and Company, Sanford Bernstein, Morningstar) have heralded an economic revolution in the electricity sector. A quarter of a century of technological progress has led to the conclusion that over the course of the next decade a combination of efficiency, renewables and gas will meet the need for new resources and more importantly, render the antiquated baseload model largely obsolete.

submitted by Margery Schab

Natural gas well holding tanks sit next to a subdivision of homes in Denton, Texas, Thursday, May 29, 2014. (AP Photo/LM Otero) | ASSOCIATED PRESS

huffingtonpost.com - by Emily Schmall - June 19, 2014

. . . For more than a decade, Denton has drawn its lifeblood from the huge gas reserves that lie beneath its streets. The gas fields have produced a billion dollars in mineral wealth and pumped more than $30 million into city bank accounts.

But this former farming center north of Dallas is considering a revolt. Unlike other communities that have embraced the lucrative drilling boom made possible by hydraulic fracturing, leaders here have temporarily halted all fracking as they consider an ordinance that could make theirs the first city in the state to permanently ban the practice.

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