By Jesse Coleman
Since the presidential debate on Sept. 26, we've been hearing quite a bit about Donald Trump's tax returns (or lack thereof). While the conversation has revolved around why Trump has chosen not to release his returns—as all presidential candidates have since 1980—we do know some things about what those returns would reveal should he choose to make them public.
Gage Skidmore / Flickr
Trump has deep financial and personnel ties to the pipeline, which would transport nearly 500,000 barrels of fracked oil per day from North Dakota to Illinois. The pipeline threatens the water supply and sacred lands of the Standing Rock Sioux, who have joined with dozens of tribes and other groups to stop the project.
While much of Trump's finances remain a mystery, he did have to file a financial disclosure form when he declared his candidacy for president (despite his claims, this is not the same and does not provide the same level of transparency as a tax return). This disclosure form shows significant investments in the fossil fuel industry and two of the fossil fuel companies Trump holds stock in are directly funding the Dakota Access Pipeline.
Trump disclosed between $500,000 and $1 million in investments in the primary builder of the pipeline, Texas-based Energy Transfer Partners. He also disclosed $50,000 to $100,000 in investments in Phillips 66, which would own one-quarter of the Dakota Access Pipeline once completed.
Trump's Other (Disclosed) Fossil Investments Include:
But Trump's ties to fossil fuels and infrastructure projects like the Dakota Access Pipeline don't stop at his financial investments. They run deep through the team advising him on energy policy, including top adviser and oil billionaire Harold Hamm.
Hamm is Trump's energy adviser, campaign surrogate and the CEO of the largest fracking company in the country, Continental Resources. He's made billions of dollars drilling and fracking for oil in North Dakota and it would be Continental's oil that would flow through the Dakota Access Pipeline if completed.
.@realdonaldtrump's energy policy is a disaster, and this is the man to blame. https://t.co/a8yyikLWTf #RNCinCLE https://t.co/mKTfqQJeDR— Greenpeace USA (@Greenpeace USA)1469055681.0
Hamm recently announced to investors that oil fracked from his North Dakota holdings would be transported by the pipeline and he anticipates huge profits for himself when the project is completed.
Neither Trump nor his running mate Mike Pence has said anything about the Dakota Access Pipeline directly or the fight by Indigenous communities to stop it. But with the #NoDAPL fight raging in the background, Trump has vowed to "streamline" pipeline permitting and do away with governmental oversight of fossil fuel infrastructure projects. He also promised to bring the Keystone XL pipeline project back from the dead, which was halted by the Obama administration due to massive pushback from around the country.
Trump touts 'dirty-fuels-first plan' at fracking conference https://t.co/Cr4ktiUdMH via @EcoWatch #climate… https://t.co/eyVcZqcmet— climatehawk1 (@climatehawk1)1474657268.0
What does it mean that Trump could personally profit off a project that tramples Indigenous rights and pushes us closer to climate disaster? For one thing—if Trump's past investments are any guide—this project could well crash and burn, which would be a relief to the Standing Rock Sioux, the climate and everyone in the path of this dangerous fossil fuel project.
Jesse Coleman is a researcher with the Greenpeace Investigations team. His focus is on front groups, fracking, and the oil and gas industry. Jesse's work has been featured in The Guardian, The New York Times, The Colbert Report, Al-Jazeera, MSNBC, and NPR.
A "trash tsunami" has washed ashore on the beaches of Honduras, endangering both wildlife and the local economy.
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More long-finned pilot whales were found stranded today on beaches in Tasmania, Australia. About 500 whales have become stranded, including at least 380 that have died, the AP reported. It is the largest mass stranding in Australia's recorded history.
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By Harry Kretchmer
By 2030, almost a third of all the energy consumed in the European Union must come from renewable sources, according to binding targets agreed in 2018. Sweden is helping lead the way.
Sweden is a world leader in renewable energy consumption. Swedish Institute/World Bank
Naturally Warm<p>54% of Sweden's power comes from renewables, and is helped by its geography. With plenty of moving water and 63% forest cover, it's no surprise the <a href="https://sweden.se/nature/energy-use-in-sweden/#" target="_blank">two largest renewable power sources</a> are hydropower and biomass. And that biomass is helping support a local energy boom.</p><p>Heating is a key use of energy in a cold country like Sweden. In recent decades, as fuel oil taxes have increased, the country's power companies have turned to renewables, like biomass, to fuel local 'district heating' plants.</p><p>In Sweden these trace their <a href="https://www.sciencedirect.com/science/article/pii/S0360544217304140#fig3" target="_blank">origins back to 1948</a>, when a power station's excess heat was first used to heat nearby buildings: steam is <a href="https://www.sciencedirect.com/topics/engineering/district-heating-system" target="_blank">forced along a network of pipes</a> to wherever it's needed. Today, there are around 500 district heating systems across the country, from major cities to small villages, providing heat to homes and businesses.</p><p>District heating used to be fueled mainly from the <a href="https://www.sciencedirect.com/science/article/pii/S0360544217304140" target="_blank">by-products of power plants</a>, waste-to-energy plants and industrial processes. These days, however, Sweden is bringing more renewable sources into the mix. And as a result of competition, this localized form of power is now the country's<a href="https://www.sciencedirect.com/science/article/pii/S0360544217304140#fig3" target="_blank" rel="noopener noreferrer"> home-heating market leader.</a></p>
Sweden is using smart grids to turn buildings into energy producers. Huang et al/Elsevier
Energy ‘Prosumers’<p>But Sweden doesn't stop at village-level heating solutions. Its new breed of energy-generation takes hyper-local to the next level.</p><p>One example is in the city of Ludivika where 1970s flats <a href="https://www.buildup.eu/sites/default/files/content/transforming-a-residential-building-cluster-into-electricity-prosumers-in-sweden.pdf" target="_blank">have recently been retrofitted with the latest smart energy technology</a>.</p><p>48 family apartments spread across 3 buildings have been given photovoltaic solar panels, thermal energy storage and heat pump systems. A micro energy grid connects it all, and helps charge electric cars overnight.</p><p>The result is a cluster of 'prosumer' buildings, producing rather than consuming enough power for 77% of residents' needs. With <a href="http://www.diva-portal.org/smash/get/diva2:1232060/FULLTEXT01.pdf" target="_blank" rel="noopener noreferrer">high levels of smart meter usage</a>, it's a model that looks set to spread across Sweden.</p>
<div id="d7bf9" class="rm-shortcode" data-rm-shortcode-id="8757b138d5570bec9d6aad18074a429a"><blockquote class="twitter-tweet twitter-custom-tweet" data-twitter-tweet-id="1273556364263071744" data-partner="rebelmouse"><div style="margin:1em 0">Read more about Western Harbour and book a visit: https://t.co/ujSmVs9rNK 🏡🌳🌊 https://t.co/C5PuPziqIM</div> — Smart City Sweden (@Smart City Sweden)<a href="https://twitter.com/SmartCitySweden/statuses/1273556364263071744">1592474473.0</a></blockquote></div>
Scaling Up<p>A recent development by E.ON in Hyllie, a district on the outskirts of Malmö, southern Sweden, <a href="https://www.eonenergy.com/blog/2019/February/sweden-smart-city" target="_blank">has scaled up the smart grid principle</a>. Energy generation comes from local wind, solar, biomass and waste sources.</p><p>Smart grids then balance the power, react to the weather, deploying extra power when it's colder or putting excess into battery storage when it's warm. The system is not only more efficient, but bills have fallen.</p><p>Smart energy developments like those in Hyllie, Ludivika, and renewable-driven district heating, offer a radical alternative to the centralized energy systems many countries rely on today.</p><p>The EU's leaders have a challenge: how to generate 32% of energy from renewables by 2030. Sweden offers a vision of how technology and local solutions can turn a goal into a reality.</p>
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By Jessica Corbett
In another win for climate campaigners, leaders of 12 major cities around the world — collectively home to about 36 million people — committed Tuesday to divesting from fossil fuel companies and investing in a green, just recovery from the ongoing coronavirus pandemic.
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