NewEnergyNews: CLIMATE CHANGE COSTING BIG OIL BIG

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YESTERDAY

  • Weekend Video: There Is No ‘New Ice Age’
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  • FRIDAY WORLD HEADLINE-Are Climate Change Denial And Racism Connected?
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    THINGS-TO-THINK-ABOUT THURSDAY, June 14:

  • TTTA Thursday-Cut Premature Births By Closing Coal
  • TTTA Thursday-U.S. Ocean Wind Gets Stronger
  • TTTA Thursday-Nothing Can Hold Solar Back
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: Join or die: How utilities are coping with 100% renewable energy goals
  • ORIGINAL REPORTING: Massachusetts and California provide different lessons on growing community solar
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

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  • TODAY AT NewEnergyNews, June 18:

  • TODAY’S STUDY: Study Shows Solar Is NOT Going Just To The Rich
  • QUICK NEWS, June 18: Buying A Home In A Time Of Climate Change; New Reasons To Buy New Energy

    Friday, February 27, 2015

    CLIMATE CHANGE COSTING BIG OIL BIG

    …Shareholders ask the five largest US oil companies – Valero, Exxon Mobil, Marathon Petroleum, Phillips 66 and Chevron – to disclose the risks their operations and facilities face from rising sea levels and storm surges

    Siri Srinivas, 26 February 2015 (UK Guardian)

    “…[The five largest US oil companies were asked to disclose risks to their facilities from climate change impacts like from storms and flooding in letters from investors Calvert Investments, Pax World Management, Walden Asset Management and others and nonprofit advocates Ceres and the Union of Concerned Scientists after Stormy Seas, Rising Risks What Investors Should Know About Climate Change Impacts at Oil Refineries from] the Union of Concerned Scientists concluded that coastal refineries owned by each of the companies – Valero, Chevron, Exxon Mobil, Marathon Petroleum and Phillips 66 – are in danger of potentially costly disruptions due to rising sea levels and storms…Valero’s Meraux refinery in Louisiana faces the starkest physical risk…With forecasts that sea levels in the Gulf of Mexico could rise 3-4 ft (about 1 meter) by the end of the century, parts of the refinery are likely to be inundated by 2050…[It] suffered $330m in damages due to hurricane Katrina...Companies had little to say in response to the report…Of course, it’s difficult to discuss protecting assets from climate change without talking about climate change. And even though public rhetoric has changed, oil companies have funded climate-change denial for decades…” click here for more

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