“The significance of these two maps, especially the one utilizing current natural gas prices, is that natural gas wins in the battle to be the cheapest source of electricity in almost every region where solar and wind power are being forced into the grid via government mandates and/or subsidies.”
“A truly competitive playing field for power fuels would leave renewables with a much smaller national footprint. That might be an outcome utility customers would welcome.”
A recently updated analysis by the Energy Institute of the University of Texas at Austin (UT) shows natural gas combined cycle, wind and residential solar photovoltaic technologies to be the least-expensive ways to generate electricity across much of the United States. The interactive model uses a range of power generating technologies and ranks them based on their levelized cost of electricity (LCOE).…
“While assessing the details of the Rhode Island lawsuit, we went back and read the prospectus for the state’s latest bond offering, dated April 3, 2018. Nowhere in the 25-page section on the economics of Rhode Island was there mention of economic risk from the climate damages the state alleges.”
“‘Send money’ seems to be the message. We wondered how the Defendants could stop from committing the acts they are accused of without stopping their sales of oil and gas products in the state. That would send the state back to an economy and society when Roger Williams founded Rhode Island.”
From sea to shining sea, the climate change movement is cranking up its legal actions against oil companies. The latest comes from the State of Rhode Island and Providence Plantation.…
“The spat in Bonn highlights what many opponents of the Paris Agreement believed: the global climate crusade is really about redistributing global wealth.”
“Expect European governments to announce revised carbon reduction targets, as their inability to reach their 2020 targets becomes clear. Kicking the ball down the road and focusing on the new goals makes it easier to avoid explaining why earlier targets were missed. Next year will likely usher in an era of environmental mea culpas from Europe.”
Eurostat, the statistical agency of the European Union, reported that the organization’s members’ carbon emissions increased last year by 1.8% compared to 2016.
The performance of the individual countries was mixed. Among the five countries accounting for 10% or more of total EU emissions, three were up significantly, one was essentially flat, and one was down materially.…