U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
The electric utility industry is in the middle of a transformation that has no precedent. Historically speaking, delivering electricity was relatively simple; utilities generated power and provided it to customers over a one-way delivery system. Companies requested, and utility regulators granted, periodic rate hikes to cover infrastructure upgrades while providing a reasonable rate of return on that investment.
To effectively map out the current and future states of power delivery, it’s imperative to discuss what the landscape looked like in the past. Understanding the evolution of any industry typically requires a healthy dose of historical context, and making sense of today’s energy grid is no exception.
LG is committed to supporting local communities and helping others pursue a more environmentally sustainable future. In honor of “ENERGY STAR® Day” 2018, LG has partnered with Bergen Family Center in Englewood, N.J., to bring much-needed energy efficient kitchen and TV upgrades to support their high quality service to thousands of local children, seniors and families. We look forward to working with Bergen Family Center on their sustainability journey!
Commemorating “ENERGY STAR® Day” 2018, LG Electronics USA partnered with the United Way of the Greater Clarksville Region to help local organizations save today, save tomorrow, and save for good with LG’s ENERGY STAR certified clothes washers and dryers.
LG’s support of ENERGY STAR Day, in cooperation with the local United Way and non-profits, “is consistent with our commitment to environmental sustainability and to the community,” said John I. Taylor, LG Electronics USA’s senior vice president, public affairs and corporate social responsibility. “This ENERGY STAR Day and every day, LG and ENERGY STAR help you save for good – for all the good things you want in your life and for a healthier planet for you and your family.”
Through an ongoing collaboration with Mohawk Group, Groundswell recently worked with Chicago-based nonprofit Elevate Energy – a fellow Citi Foundation Progress Maker -- to install a SmartFlower solar system in a community garden in South Chicago’s Bronzeville neighborhood.
Our focus on energy and emissions extends beyond our mill gates. Since 2009, Sappi has participated in the US Environmental Protection Agency’s (EPA) SmartWay® Transport Partnership, an innovative collaboration between the EPA and companies that provide freight delivery services. In support of the partnership, we include the SmartWay specifi cation in our carrier bid contracts, and since 2013, approximately 95 percent of our cumulative domestic ton-miles have been shipped by SmartWay carriers.
The Greenbriar Mobile Home Park clubhouse was recently packed with residents like Patricia West, who lives with her disabled daughter, who came to learn about upcoming construction scheduled at their site. For the next two months, crews will be converting the mobile home park’s master electric and gas distribution systems to direct electricity and natural gas utility service. Once completed, residents will become first-time customers of Southern California Edison and their local gas utility.
Bolstered by decreasing costs and strengthening regulatory support, demand for renewable energy is increasing as wind and solar photovoltaics continue to become more prominent contributors to utilities’ generation and revenue mix. As enthusiasm for renewable energy grows, wind and solar remain hampered by how much energy can be stored when generated to be used subsequently when energy is needed.
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