Remove Climate Change Remove Oil Remove Vermont
article thumbnail

Vermont becomes the first US state to pass a law requiring Big Oil to pay for climate damage

Electrek

In a historic move, Vermont has become the first US state to pass a law that makes major fossil fuel companies financially responsible for climate change damages.

Vermont 139
article thumbnail

$10-Trillion Investment Needed To Avoid Massive Oil Price Spike Says OPEC

Green Car Congress

OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. mb/d between 2020 and 2025, 3.3

article thumbnail

Vermonters get up to $6K to swap flood-damaged cars for EVs

Baua Electric

Photo: Vermont Agency of Transportation Vermont is now offering its residents up to $6,000 in incentives to replace their flood-damaged, scrapped cars with EVs. M]y team [and I] are doing everything we can to give immediate relief to Vermonters as we continue to assess and respond to the needs,” Scott said. Get started here.

Vermont 52
article thumbnail

California ARB mods to ZEV regulations for IVMs would result in ~1.9% drop in total ZEV/TZEV units 2018-2025; no impact on air quality requirements

Green Car Congress

In addition, although many experts say that the solution to our energy and climate problems is sending the correct price signals to industry and consumers, the transport sector’s behavior is highly inelastic in that it does not change significantly in response to changes in fuel prices, at least in the range that is politically acceptable.

2018 257
article thumbnail

Opinion: Political Climate Shifting Against The Oil And Gas Industry

Green Car Congress

Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important. billion in 2014.

Oil 150
article thumbnail

Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

Environmentalists and industries resurrected the idea in recent years as a centerpiece of measures to address global warming and growing oil imports. Markey of Massachusetts, both Democrats, built their climate change bill last year in large measure around it. Representatives Henry A. Waxman of California and Edward J.

Gas 244
article thumbnail

Lung Association report highlights health and climate costs of petroleum-based transportation and the benefits of shifting to ZEVs

Green Car Congress

Under this scenario, the estimated total health and climate change costs associated with passenger vehicle fleet pollution drops from to $37 billion annually to $15.7 Relying almost exclusively on oil for transportation hurts our air, our health, and our environment. Vermont: $347 million. billion by 2050. New Jersey: $4.6

Climate 150