“Bridge” to clean energy goes up in smoke
Posted November 5, 2019
As renewables grow cheaper, betting on natural gas as a transition fuel is proving to be a costly error
It’s been a tough few years for the world’s largest manufacturers of natural-gas-fired turbines for the electricity sector, as the much-heralded dash to gas in the power sector is showing signs of flagging.
The three big makers of gas turbines are General Electric, Siemens and Mitsubishi Hitachi Power Systems, and together they have seen global sales – as measured by total megawatts of capacity – decline by half since the high-water mark in 2014.
Faced with growing competition from low-cost clean energy options, all three companies are cutting back global operations related to the gas-fired power business after ramping up in anticipation of a shift away from coal and nuclear.Continue Reading...
Council urges new Parliament to take on massive climate investment plan
Posted October 22, 2019
Clean Capitalism Council proposes economy-wide intervention to prepare Canada for rapid transition to a low-carbon economy
With the world facing a climate emergency, a business-backed “clean capitalism” group is urging Canada to go on a war footing with a massive investment plan that would drive economy-wide innovation and energy efficiency and dramatically reduce greenhouse gas emissions.
The plan, put forward by the Council for Clean Capitalism, calls for the federal government to invest $50 billion per year over six years in key sectors: buildings, transportation, electricity, heavy industry, and oil and gas.Continue Reading...
Bridging the divide
Posted November 1, 2018
More power lines between Alberta and British Columbia would save the provinces money and help the environment.
It would seem to promise an energy marriage made in heaven – matching up Alberta’s world-class wind resources and British Columbia’s bountiful hydroelectric capacity.
As Alberta moves to retire coal-fired power, the province will have to replace it with new sources. The current plan calls for a mix of natural gas and renewable generation to fill the void, with renewables to meet two-thirds of the capacity lost due to coal-plant retirements.
However, several studies suggest Alberta would benefit from greater electricity trade with BC Hydro, which could provide hydroelectric power to its neighbour when needed and offer a market for wind-generated electricity when supply in Alberta exceeds off-peak demand.Continue Reading...
Lines in the sands
Posted October 28, 2013
Students around the world are pushing universities to take a symbolic stand by divesting from fossil fuels.
Hampshire College has a long history of putting its money behind its progressive principles, serving in the vanguard of various divestment movements. A 1,400-student liberal arts college in the western Massachusetts town of Amherst, Hampshire was the first college to divest from apartheid South Africa in 1977. Trustees voted in 2009 to divest from an investment fund that was red flagged during to social responsibility screening. (Ed. Note: The college says the move was not motivated by concerns certain corporations’ support for Israel’s occupation of the West Bank, as reported in the Fall 2013 edition of Corporate Knights.)Continue Reading...