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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.
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
US President Obama and Canadian Prime Minister Trudeau jointly announced sweeping restrictions to offshore oil and gas leasing in the US and Canadian Arctic waters. Obama designated the vast majority of US waters in the Chukchi and Beaufort Seas as indefinitely off limits to offshore oil and gas leasing. It’s uncharted waters.”.
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.
The Sonata Plug-in Hybrid will be distributed in California, Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island and Vermont, but customers in any of the other states can custom order the vehicle at their local Hyundai dealer. The transmission uses an electric oil pump, which helps improve efficiency.
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.
The freed-up 240V space in the breaker box is perfect timing for those people replacing their pollution-spewing oil/gas heaters with heat pumps/geothermal or adding an electric vehicle outlet or two in their garage. If you live in a temperate climate and leave your screen door open all year, that’s not a big deal.
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.
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. Western Climate Initiative (WCI). Representatives Henry A.
The report, Clean Air Future: Health and Climate Benefits of Zero Emission Vehicles , was produced by the American Lung Association in California. 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 Vermont: $347 million.
Earlier this year, the EPA finalized significant exhaust regulations which will save Americans $100 billion dollars in fuel, health and climate costs per year, and save 2,000 lives per year and cut 7 billion tons of climate pollution in total. Needless to say, these are great regulations all around.
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