Calif. governor signs 100% zero-carbon electricity mandate
California Gov. Jerry Brown on Sept. 10 signed a bill requiring all electricity in the state to be generated with 100% zero-carbon energy by 2045, doubling the state's 50% renewable portfolio standard.
S&P Ratings: ESG-related bond market in growth spurt as investor appetite grows
Increasing investor interest in environmental, social and governance, or ESG, investment strategies has prompted a boom in related fixed-income products such as green bonds in recent years, and that trend is expected to continue, analysts with S&P Global Ratings Inc. said in a Sept. 10 report.
Moody's says climate risks loom large for New York City, District of Columbia
Washington, D.C., and New York City face the risks of increased flooding and extreme heat days tied to climate change but have the financial resources and strategies in place that could help them weather the worst of the challenges, Moody's Investors Service said in a recent research note.
Calif. jury convicts Plains All American of 9 charges related to 2015 oil spill
A California jury on Sept. 7 found Plains All American Pipeline LP guilty of nine charges stemming from a 2015 oil spill in Santa Barbara County, including a felony for failing to properly maintain a high-pressure oil line that spilled at least 123,000 gallons of crude into the Pacific Ocean.
World needs more nuclear to cost-effectively halt climate change, says MIT study
A nuclear energy revival is needed to stabilize the world's warming climate at the lowest-cost possible but the future might be in jeopardy if nuclear technologies fail to cut costs and receive government support, concluded a new study by the Massachusetts Institute of Technology.
Sen. Whitehouse: Most US companies oppose, stay silent on climate legislation
U.S. Sen. Sheldon Whitehouse said that although some companies, including in the energy sector, are pushing for federal legislation to address climate change through such measures as a carbon tax, most of corporate America is either "violently hostile" to such legislation or has given up all hope that a bill can be passed.
NextEra Energy aims to cut CO2 emissions over 65% by 2021
NextEra Energy Inc. on Sept. 6 announced plans to reduce its carbon dioxide emissions rate by more than 65% by 2021.
Mass. court rules against generators on new emissions regulations
A Massachusetts judge has rejected challenges by a coalition of New England generators to the state's new emissions regulations of power plants. Contrary to the generators' assertions, Justice Scott Kafker of the Supreme Judicial Court of Massachusetts determined that the state's new mass-based greenhouse gas cap emissions rules are lawful.
With wind at its back, Xcel Energy's renewables build-out augurs well for growth
Recent decisions on the regulatory front regarding Xcel Energy Inc.'s renewable energy investment program augur well for the company to achieve its stated financial objectives, including long-term annual EPS growth of 5% to 6%, annual dividend increases between 5% and 7%, and a dividend payout ratio between 60% and 70%.
Corps completes Dakota Access review, finds no significant environmental impacts
The U.S. Army Corps of Engineers completed a court-ordered additional environmental analysis of the Dakota Access oil pipeline and found the project to have no significant environmental impacts on minority populations, including tribes.
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