“President-elect Joe Biden has pledged to rejoin the Paris Agreement, which Trump rejected, and to meet and exceed the pace of emissions cuts envisioned by the Obama administration in order to reach net-zero emissions by 2050. That means the U.S. would stop adding any new emissions to the atmosphere.”
Kevin Crowley and Caroline Hyde of World Oil report that Chevron’s CEO, Mike Wirth, believes actions over pledges will deliver higher returns and lower carbon. “‘We favor action over pledges,’ Wirth said. ‘Long-dated pledges where we really don’t know how we’ll get to the end of the road are something that we’ve been a little...
“For the first time on record, private-equity firms globally have done more deals this year in clean technologies than in oil and gas, though the average deal size was smaller, according to PitchBook data as of early December.”
“United Airlines said on Thursday it had committed to a multimillion-dollar investment in a project to remove carbon dioxide from the air through air direct-capture technology as part of a plan to be 100% ‘green’ by 2050.”
"This report is evidence that, instead, the U.S. should just keep doing what it is doing to cut its own emissions. The U.S. is the most successful major country at mitigating its own pollution, and the U.N. shows this.”
Rachel Sandler of Forbes reports that Microsoft and Unilever have joined Amazon’s climate pledge.
"Party leaders should continue efforts to support clean energy industries and implement policies that continue investing in tomorrow’s technologies today. The jobs and economic data don’t lie — the clean energy sector has been an economic engine that has allowed our nation to depend less on foreign oil, while also mitigating the impact of climate change in our communities.”
"The bill would require the federal government to identify deposits, expedite permitting, streamline regulatory processes and invest in research and training of workers with expertise in mineral exploration, manufacturing and recycling. Senate Republicans had included the legislation in their coronavirus relief bill, but it did not pass.”
“The world is focused on reducing carbon emissions now more than ever as policymakers prioritize getting all of the clean energy we can. But for the past 30 years, our nuclear plants—which provide nearly 55 percent of the carbon-free energy in the U.S.—have been quietly powering our way of life without carbon emissions and working to do so more efficiently.”
“Shell plans to spend $100 million on average over the next year or two on nature-based carbon offsets and van Bergen expects emissions cuts from nature-based solutions or carbon sinks will be ‘material’ by 2030 or 2035.”
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