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Coastal Real Estate Can’t Seem to Price Climate Risk
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Coastal Real Estate Can’t Seem to Price Climate Risk

"That study adds to a 2022 paper by Freddie Mac economists that found that Florida homes exposed to rising sea levels commanded no discount over those that aren’t. Another paper published this year estimated that flood-exposed residential properties were overvalued by $121 billion to $237 billion. In its totality, the available evidence suggests that the market has been insufficiently discounting the risk of rising seas because of a shortage of high-quality information — or at least an information assymetry between sellers and buyers — and that the best way to address it is to get the right data in front of people."

US to hold first offshore wind rights sale in Gulf of Mexico next month
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US to hold first offshore wind rights sale in Gulf of Mexico next month

"According to a sale document, companies qualified to bid at the sale include units of European energy companies Equinor (EQNR.OL), Shell (SHEL.L), RWE (RWEG.DE) and TotalEnergies (TTEF.PA), all of which are already developing U.S. offshore wind leases. Equinor and Shell also have major oil and gas operations in the Gulf."

Energy Northwest, X-energy sign joint development agreement for up to 12 small modular reactors
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Energy Northwest, X-energy sign joint development agreement for up to 12 small modular reactors

"After conducting extensive evaluations of different advanced small modular reactor technologies, Energy Northwest determined that the Xe-100 was the best fit for its future resource needs. 'The evaluation process found X-energy’s technology possessed the right operational, safety, maintenance, and licensing attributes to meet the northwest region’s current and future need for firm, dispatchable carbon-free energy,' the company said in an e-mail."

Exxon Buys Pipeline Operator, Making Big Bet on Carbon
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Exxon Buys Pipeline Operator, Making Big Bet on Carbon

"By snapping up Denbury, Exxon will inherit 1,300 miles of pipelines used to move carbon dioxide from smokestacks to underground reservoirs, a prized asset as building new infrastructure to transport CO2 has often been met with local opposition. Denbury owns more than 900 miles of pipelines on the Gulf Coast running near the region’s manufacturing hubs."

How Wyoming’s Carbon County came to embrace renewable energy
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How Wyoming’s Carbon County came to embrace renewable energy

Jason Plautz of E&E News reports on Wyoming’s leadership in renewable energy. “The onshore wind project supported by the TransWest line is projected to be the largest project of its kind in the country. The Chokecherry and Sierra Madre Wind Energy project, under construction near Rawlins, will host about 600 turbines on 1,500 acres of...

Fertilizer company OCI bets big on climate-friendly ammonia
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Fertilizer company OCI bets big on climate-friendly ammonia

"But the lure for OCI and others of making ammonia with a smaller carbon footprint is a business with potential beyond the farm. That includes production of fuel for coal-burning Asian utilities and for ships, both uncertain but potentially lucrative commercial possibilities."

Westinghouse secures contract extension to fuel U.K. AGRs
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Westinghouse secures contract extension to fuel U.K. AGRs

"EDF Energy’s current fleet of operating AGR plants includes the two-unit Hartlepool in Durham, the co-located two-unit Heysham 1 and two-unit Heysham 2 in Lancashire, and the two-unit Torness in East Lothian. This March, EDF Energy announced that it intends to keep the Hartlepool and Heysham 1 stations in operation to March 2026—two years past their previously scheduled 2024 retirement dates. The estimated March 2028 closure dates for Heysham 2 and Torness remain unchanged."

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