Climate & Energy

Supreme Court slashes Exxon’s punitive damages for Valdez oil spill

ExxonMobil is off the hook for billions in punitive damages related to the 1989 Exxon Valdez oil spill. In 1994, the oil giant was ordered to pay $5 billion in punitive damages. In 2006, that …

Business sense

BP, Shell, Airbus, and other multinationals call for 50 percent emission cuts by 2050

The CEOs of 100 large multinational corporations -- including companies from carbon-intense industries -- have signed a World Economic Forum statement [PDF] that calls on the G8 to create a strategy to cut global greenhouse-gas emissions by at least 50 percent by 2050. The G8 will be meeting in Japan next month, and Japanese Prime Minister Yasuo Fukuda will be pushing hard for an agreement on climate change. Notable signatories to the statement: Airbus, British Airways, BP, Duke Energy, DuPont, Electricite de France, Entergy, E.ON, Michelin, Petrobras, Renault, Rolls-Royce, and Shell. Are pigs flying? Not quite.

Umbra on short-haul flights

Dear Umbra, I work in the touring music business, based in the U.K. but touring worldwide. I have noticed recently that the record companies are booking cheap flights for short distances, e.g., London-Manchester, about 200 …

'Bipartisan leadership for energy independence'

Oregon Sen. Gordon Smith touts work with Obama in new campaign ad

Republican Sen. Gordon Smith of Oregon is touting his work with Barack Obama to improve automobile fuel efficiency and his “bipartisan leadership for energy independence” in a new television ad. Smith, the sole GOP senator …

Climate change may force California endemic plants to migrate or die

Climate change is expected to significantly affect California’s endemic plants over the next century as temperatures rise and rainfall patterns change, according to a new study published in the journal PLoS One. Up to two-thirds …

Great minds: Saudis prove EIA's point

Offshore drilling has an ‘insignificant’ effect on oil prices

I am glad that so many in the energy debate have picked up on one of the two messages from my previous post (see "EIA to McCain: Drop offshore [drilling]"). But in listening to the radio and TV debates, I realize that some people have the impression that U.S. Energy Information Administration said offshore drilling might eventually lower oil prices. It did not. It found that allowing offshore drilling would have no significant effect on prices as far out into the future as the analysis projected.

Nevada say never again

Obama heads to Nevada, takes on McCain in energy policy address

Not to let John McCain have all the attention on energy policy this week, Democratic presidential contender Barack Obama gave a speech on energy today in Springs Preserve, a 180-acre area in Nevada dedicated to …

Revkin interviews Hansen

Here, NYT reporter Andrew Revkin interviews climate scientist James Hansen about the 20th anniversary of his seminal Congressional testimony: More on Dot Earth.

McKinsey on the economics of solar

Business consulting firm projects robust growth for solar and grid parity in many locations by 2020

McKinsey has a great new analysis piece: “The economics of solar power.” Overall it’s extremely optimistic, saying that despite uncertainties around technology and policy, growth in the solar sector is all but certain to be …

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