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
As part of Twentieth Century Fox’s commitment to environmental sustainability in its film productions, the studio recently led efforts to green the set of The Post, Steven Spielberg’s Academy Award-nominated drama starring Meryl Streep and Tom Hanks about The Washington Post’s role in publishing the Pentagon Papers in 1971. The filming process lasted 52 days and took the cast and crew across dozens of locations in New York and Washington, D.C., with each new site presenting its own unique sustainability challenges. However, the combined efforts of the cast and crew allowed the movie to save 32.5 metric tons of carbon emissions, divert 80% of its waste from landfill, and donate more than 2,600 meals to those in need.
Future growth hinges on the appropriate response to present conditions while strategically developing longer-term plans. For most industries, social, environmental, and political issues are having increasingly greater impact in reshaping the present and future business environment. In particular, the oil and gas (O&G) industry is challenged to reliably and economically deliver transportation fuels in the present day while working strategically to provide “cleaner” energy products in the future.
Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, announced that it has achieved a significant milestone in its global Climate Commitment ahead of schedule and is deepening its commitment with on-site and off-site renewable energy investments.
Passenger electric cars get all the press, especially when someone launches one into space. But something important is going on in the world of commercial vehicles as well - electric vehicles are much better for the break-even proposition and create significant additional value for the business.
ECN Magazine highlighted the 2 megawatt, 24-acre solar photovoltaic array that is being constructed at the Dugway Proving Ground (DPG) site in Dugway, Utah. This new system will allow DPG’s existing electrical grid to produce 4 million kilowatt-hours of energy per year. Tetra Tech and joint venture partner TriEco are serving as the prime contractor for the design and build of the array. DPG is executing this project to optimize efficiency and conserve natural resources through on-site renewable energy generation and to support their objective of meeting renewable energy goals. This is the first of many prospective renewable energy projects to support to the U.S. Army Corps of Engineers (USACE) renewable energy goals.
Transportation accounts for more than one-quarter of the nation’s greenhouse gas emissions, according to the U.S. Environmental Protection Agency. In a country with more than 70,000 transit vehicles — and with buses averaging roughly 34,000 miles of travel each year — electrification of the U.S. fleet and mass transportation spheres is becoming a top priority for city officials and utilities as they reimagine how people and goods move sustainably across urban landscapes. Removing fossil fuels from mass transit will go far in reducing that carbon footprint.
In today’s digital economy, a new breed of buildings is emerging. As a key ingredient in expanding urban landscapes, buildings of all types are undergoing a major technological shift toward greater efficiency and sustainability, driven by connected technologies, big data and analytics.
The U.S. Environmental Protection Agency (EPA) has recognized CBRE with a 2018 ENERGY STAR® Partner of the Year Sustained Excellence Award for continued leadership and superior contributions to ENERGY STAR. This marks the eleventh consecutive year CBRE has earned ENERGY STAR’s Partner of the Year award.
In response to the U.S. Environmental Protection Agency (EPA) announcement today that current vehicle fuel economy and emission standards need to be weakened, Carol Lee Rawn, director of transportation at Ceres, which works with influential investors and Fortune 500 companies on sustainability issues, stated, “Major investors and businesses understand that rolling back the Corporate Average Fuel Economy (CAFE) and emissions standards will undermine the global competitiveness of the U.S. auto industry at a time when the rest of the world is moving in the opposite direction, prioritizing clean vehicles and responding to consumer demand for cars that save them money.”
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