Energy

‘Polluters Must Pay’: UN Chief Calls for Windfall Tax on Fossil Fuel Profits to Address Climate and Cost-of-Living Crises

‘Polluters Must Pay’: UN Chief Calls for Windfall Tax on Fossil Fuel Profits to Address Climate and Cost-of-Living Crises

UN Secretary-General António Guterres issued a bold proposal during his opening remarks to the UN General Assembly on Tuesday: tax fossil fuel companies to help those suffering from the climate and cost-of-living crises.  Guterres’ proposal, also known as a windfall tax, comes at the close of a summer that saw extreme weather events worldwide and […]

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    Biden Announces Floating Offshore Wind Projects That Could Power 5 Million Homes

    Biden Announces Floating Offshore Wind Projects That Could Power 5 Million Homes

    The Biden administration committed Thursday to build enough floating offshore wind capacity by 2035 to power 5 million homes. The 15GW by 2035 target is in addition to the administration’s goal of installing 30GW of traditional offshore wind by 2030. Floating offshore wind is still an emerging technology, producing 0.2% of global offshore wind power, […]

    Biden Admin Reinstates Nearly $190 Million in Gulf Drilling Leases

    Biden Admin Reinstates Nearly $190 Million in Gulf Drilling Leases

    The Biden administration on Wednesday reinstated nearly $190 million in bids from fossil fuel companies for an oil-and-gas lease sale in the Gulf of Mexico that had previously been invalidated by a federal judge.  The move was one of the compromises struck between Democratic party leaders and pro-fossil-fuel Senator Joe Manchin of West Virginia in […]

    Top 24 Solar Energy Statistics for 2022 

    Top 24 Solar Energy Statistics for 2022 

    The landscape of the solar industry is changing rapidly. Amid supply chain constraints, political battles and groundbreaking legislation, solar continues to gain popularity in the U.S.   To celebrate how far the industry has come, and has still to go, here are our top solar energy statistics, fully updated for 2022. Jump To: Solar Potential | […]

    Private Equity Gets Failing Grades on Climate Risk Exposure

    Private Equity Gets Failing Grades on Climate Risk Exposure

    Private equity firms are exposing investors, including retired teachers, nurses, and firefighters, to unknown levels of financial risk by continuing to invest billions of dollars in fossil fuel projects, with no exit strategy, a new report concludes. The analysis, from Americans for Financial Reform Education Fund and the Private Equity Stakeholder Project, finds private equity firms […]