NewEnergyNews: QUICK NEWS, June 12: Exxon Stockholders Rebel, Demand Climate Truth; Massachusetts Gets Ready For An Ocean Wind Boom; Trump Backs ‘Dying Coal’ Over Solar Revolution

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  • Supreme Court Nominee’s Climate Record
  • The Good That Wind Does
  • How Solar Serves The Heartlands

    Monday, June 12, 2017

    QUICK NEWS, June 12: Exxon Stockholders Rebel, Demand Climate Truth; Massachusetts Gets Ready For An Ocean Wind Boom; Trump Backs ‘Dying Coal’ Over Solar Revolution

    Exxon Stockholders Rebel, Demand Climate Truth Exxon shareholders order climate study — against company’s wishes

    Collin Eaton, May 31, 2017 (SFGate)

    “Exxon Mobil investors passed a resolution on Wednesday asking the company to publish an annual report on the impact of climate change policies on the value of its sprawling oil and gas operations…At the oil company’s annual meeting in Dallas, 62.3 percent of shareholders voted in favor of the non-binding proposal; 37.7 percent voted against it…It’s a historic vote for investors who have failed to pass the vast majority of climate-related shareholder resolutions put forward in recent years…[73% of Chevron shareholders recently rejected a proposal to require a study of] how to transition to a low-carbon future…Exxon opposed the resolution [calling for an analysis of scenarios in which global climate change policies, including the Paris climate accords, cause energy demand to fall]…” click here for more

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    Massachusetts Gets Ready For An Ocean Wind Boom Competition for offshore wind ramps up in Massachusetts

    Philip Marcello, June 11, 2017 (AP via Cape Cod Times)

    “Massachusetts’ bid to become the nation’s leader in offshore wind power is ramping up…The state’s electric utilities — National Grid, Eversource and Unitil — are slated to release by June 30 their requirements for projects seeking to develop the state’s first ocean-based wind farm…That sets in motion an ambitious effort to put Massachusetts ahead of states like New York, New Jersey and Maryland also seeking to establish their presence in the nascent U.S. industry…[A new Massachusetts law calls for 1,600 megawatts of offshore wind] by 2027…” click here for more

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    Trump Backs ‘Dying Coal’ Over Solar Revolution Solar Energy Is Revolutionizing Markets While Trump Tries To Prop Up A Dying Coal Industry

    Kevin Maney, June 10, 2017 (Newsweek)

    “Protecting coal jobs today makes as much sense as protecting typing pool jobs around the time personal computers caught on in the 1980s…Solar technology will destroy coal and oil as energy sources even if President Donald Trump stamps his feet, holds his breath and refuses to play with the rest of the world. Solar is on the same kind of Moore’s law–like path that has made computing power so cheap. Solar tech isn’t improving at computing’s breakneck pace, but it’s on a predictable, sustainable and impressive trajectory toward cheaper and better. By about 2030—13 years from now—solar will be able to produce electricity at half the cost of coal and lower than the cost of any carbon source…In that sense, the Paris Agreement on climate change is almost meaningless, addressing something technology and economics will take care of anyway…[Trump’s decision to exit the Paris accord only ensures the U.S. will] end up being really good at mining coal nobody wants…” click here for more

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