Tag Archives: Lincoln – SolSmart Gold Designee

Keystone XL developer pushes back construction date in Montana

By Jay Kohn, KTVQ

A TC Energy spokeswoman told MTN News Wednesday that construction on the pipeline crossing between the United States and Canada, did not get underway this morning as was previously anticipated. Spokeswoman Sara Rabern described the situation as “fluid”. On Tuesday, TC Energy announced the Keystone Pipeline project has new life – thanks to a $1 billion investment from the government of Alberta that will fund the project for the next year. The pipelines would transfer oil from the tar sands of Alberta to an existing line in Nebraska. The project has multiple ongoing challenges in federal court. Read more here.

Previously Posted News Stories & Resources: 

 TAR SANDS’ PRICE

U.S. Coal Bankruptcies Reveal The Future Of Alberta Tar Sands, Forbes
With oil demand softening, only the most efficient oil producers will survive. By some estimates, “the price of oil could permanently plummet to $25 a barrel by the mid-2020s. Only the cheapest oil in places like Saudi Arabia could be economically produced. Canada’s oil sands, where most projects need an oil price of $60 to $80 a barrel just to break even, would cease to make financial sense.” 

STRANDED ASSETS

  • “Stranded assets” are referenced in the above article. What are they?
    According to the Carbon Tracker InitiativeStranded assets are now generally accepted to be fossil fuel supply and generation resources which, at some time prior to the end of their economic life (as assumed at the investment decision point), are no longer able to earn an economic return (i.e. meet the company’s internal rate of return), as a result of changes associated with the transition to a low-carbon economy.
  • The growing concern over stranded assets, GreenBiz

FOSSIL FUEL COMPANIES’ ENERGY TRANSITION

Thriving in a low carbon future: M&A and the new energy economy, Utility Dive
Contributed article by Mary Anne Sullivan, Sarah Shaw and Alex Harrison, Partners at Hogan Lovells. Traditional oil and gas companies and utilities want to ride the wave of new technologies that can preserve their market position, even as old markets are redefined. Many companies have a combination of these motives. One particular trend we are witnessing in this sector is traditional oil and gas and utilities companies moving into new areas, principally renewable energy, electric vehicles and storage.

NEBRASKA’S ENERGY TRANSITION / LOCAL LEADERSHIP

SECURITIZATION 

Securitization laws are easing the transition from coal and other fossil fuels in the following states:

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

By Silvio Marcacci, Communications Director at Energy Innovation

Over the last decade, wind energy prices have fallen 70% and solar photovoltaics have fallen 89% on average, according to Lazard’s 2019 report. Utility-scale renewable energy prices are now significantly below those for coal and gas generation, and they’re less than half the cost of nuclear. The latest numbers again confirm that building new clean energy generation is cheaper than running existing coal plants.

In other words, it is now cheaper to save the climate than to destroy it. Capacity installation trends reflect this economic reality, with new wind and solar generation coming online at a breakneck pace. Wind power capacity in the U.S. has more than doubled since 2010 and reached nearly 100 GW in 2018. Read more here.

ØRSTED NEWS

Global 100 Index: Ørsted Is the World’s Most Sustainable Company, Ørsted News Release, CSR Wire
Having completed a fundamental business transformation from fossil fuels to renewables over the past decade, Ørsted urges all countries and companies to reduce their carbon emissions to help limit global warming to 1.5°C. The global leader in offshore wind outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the world. Ørsted becomes the first-ever energy company to top the index.

Previously Posted

100% CLEAN ENERGY NEWS – PLUS NEBRASKA DATA

MICROSOFT’S NEW CARBON NEGATIVE PLAN

How Microsoft’s new carbon-negative plan will test the idea of a climate economy, CNBC
Microsoft’s plan to make up for every bit of carbon it has put into the atmosphere since it was founded in 1975 will require a mix of old and new solutions. 100% renewable electricity by 2025, electric vehicles on campuses and alternate sources of business travel are familiar pledges. But soaking up all the carbon in the air already is a new corporate goal and will require novel technology, such as direct air capture. Microsoft is counting on everything from planting massive numbers of trees to soak up carbon and using technologies to capture carbon and sequester it in soil — burying it, essentially — to more exotic technologies.

EV NEWS

Tesla can sell vehicles in Michigan under legal settlement, Associated Press News
Tesla will be able to sell and service its vehicles in the backyard of Detroit’s three automakers under a lawsuit settlement, a person briefed on the matter says. The deal between the state of Michigan and Tesla is likely to be announced Wednesday, said the person, who asked not to be identified because terms of the deal have not been made public.

FEATURED NATIONAL INITIATIVE

SolSmart is a national designation program recognizing cities, counties, and regional organizations that foster the development of mature local solar markets. The program is led by the International City/County Management Association and The Solar Foundation.

To help communities achieve designation, SolSmart provides no-cost technical assistance from a team of national experts who work to evaluate programs and practices that impact solar markets, and identify high-prospect opportunities for improvement. A select number of communities also hosted SolSmart Advisors: fully-funded, experienced staff who work in communities for periods of up to six months. All cities, counties, and regional organizations are eligible to join SolSmart and receive no-cost technical assistance to achieve designation.
Learn more: Why Should You Apply?
Meet the SolSmart team

Lincoln, Nebraska SolSmart Gold Designee
City Receives National Recognition for Promoting Solar Energy, City of Lincoln Mayor’s Office News Release, September 9, 2019