Tag Archives: Climate Change

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Smaller, younger salmon due to climate change and competition, new study says | CBC News

Researchers
from the University of Alaska and the University of California Santa
Cruz say it’s due to climate change and competition.

“The only
two variables that had strong evidence were variables related to climate
and competition with pink salmon in the ocean; those were the two
drivers that really seemed to be highly associated with the changes in
size and age,” said Peter Westley, one of the co-authors of the study
from University of Alaska Fairbanks.

August 25, 2020

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A $91 billion asset manager dumps Exxon, Chevron on Climate

Norwegian life insurer Storebrand ASA has beefed up its climate policy, leading it to exit oil giants Exxon Mobil Corp. and Chevron Corp. and accelerate a full divestment from coal.

The move by the Oslo-listed company, which has about $91 billion under management, is another illustration of how investors are adjusting to the risks of climate change, putting pressure on fossil-fuel producers.

Storebrand has sold its holdings in Exxon and Chevron, chemicals giant BASF SE and miner Rio Tinto Group for their lobbying efforts against the Paris Agreement and climate regulation, it said in a statement. It also quit ConocoPhillips and Husky Energy Inc because of their investments in polluting oil sands.

August 24, 2020

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First grid-scale battery storage project in Alberta, Canada, comes online this month

The first grid-scale battery energy storage project in the Canadian province of Alberta is on-track to go into operation this month, while TransAlta, the company behind the project, has expedited plans to retire a coal plant citing “future market conditions”.

TransAlta Corporation, which generates and is engaged in wholesale marketing of electricity, is building the WindCharger 10MW / 20MWh lithium-ion battery storage project in the municipal district of Pincher Creek, through its subsidiary Western Sustainable Power Corporation.

The company is targeting 100% clean electricity by 2025 and just before the end of July announced that it is retiring its mothballed 368MW Sundance 3 coal power plant with immediate effect. In its financial results, TransAlta said that it had roughly equalled its performance for the first half of this year with last year’s results, driven in part by good performance of wind and solar production from its utility-scale projects, although was also somewhat reliant on favourable gross margins in the US coal segment.

August 23, 2020

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The Restart Of Our Economy Needs To Be Green

Bill Morneau, former finance minster, was a supporter of the Trans Mountain Pipeline, but now that he has resigned, it puts the project in question, as it does the other pipelines too.

Chrystia Freeland, deputy prime minister has replaced him. Her view seem to be more aligned with Trudeau’s. In his pre-election promises, many of them included a greener economy, with a reduction in emissions and pollution.

Intergovernmental Affairs Minister Dominic LeBlanc met with the new Newfoundland and Labrador Liberal Premier Andrew Furey, on August 20, to discuss their oil and gas problems. Like Alberta, this sector makes up a fair portion of the GDP at 25.7%.

In Alberta, where oil gas and mining is around 27.4% of the provincial GDP, Alberta Premier Jason Kenney has been getting comfortable with how the money and support has been flowing from the federal government. He has pipelines moving, and coal mines popping up along the eastern slopes of the Rockies.

August 23, 2020

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Intergovernmental Affairs Minister hints at federal support for N.L. oil sector – JWN Energy

LeBlanc said Furey, who was sworn in as premier Wednesday, made a strong case during their meeting for federal support for the oil and gas sector and its workers. He said Ottawa would have “very specific things to say” for the sector in the coming weeks.

“We have a dynamic, articulate, aggressive, effective new premier in Newfoundland and Labrador,“ LeBlanc said. “Our government is very excited about working collaboratively with him. Big, bold ideas are what should inspire the relationship between our two governments.”

August 21, 2020

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Steve MacLellan

Ramble On

Tag Archives: Climate Change