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 recent wave of hurricanes in the US -- Harvey, Irma & Sandy -- have offered municipalities a reminder of the importance of installing assets that can provide resilient power in critical facilities. The need of the hour is to install advanced microgrids equipped with the latest technology that can perform on multiple levels during these extreme weather conditions and grid outages. Microgrids were chosen as one of the options to provide necessary resilience during inclement weather in the recent US Department of Energy’s 2017 Grid Reliability Study.
A new climate report released by ExxonMobil, which explores the risks the company would face in a low-carbon transition, represents “a significant step forward for institutional investors who have long engaged with the company on climate change but falls short on key details,” Andrew Logan, director oil and gas at Ceres, said today in a statement.
The report, 2018 Energy & Carbon Summary, “adopted a whole new climate-related frame,” Logan added, “providing the clearest accounting yet of how Exxon is—and is not—planning for a low-carbon future.”
Last year marked a monumental turning point for the future of electric vehicles (EVs), with several auto companies such as Volkswagen AG, General Motors and Volvo announcing significant electrification plans. Bolstered by improved battery technology, longer battery range, greater variety and lower prices, consumer confidence in EVs is at an all-time high. According to Forbes, light-duty EV sales in the United States rose 37 percent in 2016.
Utilities need to start thinking now about how they are going to scale up power infrastructure to meet the increased demand for commercial and personal vehicles. Although the benefits of electrification are undeniable, the move away from internal combustion engines is raising questions about energy management and grid stability.
Electric utilities and other power networks are in a unique position when it comes to improving sustainability. That’s because they have the ability to not just control their own carbon footprint but also promote more efficient, sustainable energy use for consumers. They can improve sustainability and decarbonize to mitigate climate change while still supporting their consumers’ growing needs ranging from smooth, efficient integration of electric vehicles into the grid to better energy accessibility.
Asbury Communities, Inc., and Sodexo are pleased to announce the continuation of a successful 10-year partnership through the award of a 10-year contract extension that is focused on driving new growth, innovation and service delivery in the senior living industry. With a commitment to continually improve the quality of life for residents and care providers, Sodexo has worked with Asbury Communities to identify and implement solutions that support Asbury’s mission to “do all the good we can by providing exceptional lifestyle opportunities to those we serve.”
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, announced it has signed a shipbuilding contract for a second next-generation cruise ship for its P&O Cruises brand with leading German shipbuilder Meyer Werft GmbH that is scheduled to be delivered in 2022.
When team members arrive to start their day at Ingersoll Rand’s Club Car plant in Augusta, Georgia, the energy-efficient LED lights start turning on section by section as they sense movement. And as people leave an area, the motion-sensitive LED lights start dimming to save energy and then turn off entirely after 30 minutes.
Ingersoll Rand (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has been named to the 2018 Global 100 Most Sustainable Corporations Index by Corporate Knights. Corporate Knights, a Toronto based media and investment advisory company, released the 2018 index at the World Economic Forum in Davos, Switzerland.
Duke Energy today proposed a $62 million solar rebate program designed to help its North Carolina customers with the upfront cost of installing solar panels on their property. This is the first of three customer programs Duke Energy is proposing as part of the implementation of 2017's Competitive Energy Solutions for North Carolina law – also known as House Bill 589.
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