When you fiddle with spreadsheet cells or engineering models all day in pursuit of clean energy, the sound of stasis can clang in your ears. So after local and national politicians blamed wind turbines for a power outage that interrupted water supplies and left people freezing for days across the state, we decided to document who really pays when legacy asset owners refuse to update their energy plans. Our reporter took breaks from checking on her family in Austin to round up stories about real people's real chills and real hunger.
No, it has nothing to do with GameStop. A SPAC, or special purpose acquisition company, allows legitimate up-and-comers whose profits lie in the future to tap cash for building climate solutions now. David Crane, a veteran of climate-transition management, explains SPACs' potential to steer capital to a necessarily risky group of companies.
Energy without emissions causes more job creation and less climate risks. To expand across the recovering nation, energy needs to come with priorities, prices and placements that emphasize justice for people who have lived with systematic racism. In this summary and exploration, scholar Dan Kammen lays out the case for a justice-driven recovery. CBEY will explore this case more fully with Shalanda Baker and other scholars later this month.
In 2020, absolute decarbonization pledges mark software companies' elite rank as surely as triple-digit IPO share prices did in 1999. But Microsoft, Apple, Amazon and Google all set distinct strategies for keeping their promises. Google's parent company, through the words of its CEO and the analysis of those who follow it, aims to foster collaboration among big energy consumers and to share operational learning about how to negotiate with utilities for more reliable and cheaper fossil-free energy.
Breaking through from suspicion through conviction to fact, researchers presented papers this fall showing a persistent link between peoples' skin color and their situation in overheated, overpriced built environments.
Equinor Strategy Summit, Norway, 2019 – Executives of Equinor (formerly known as Statoil) were holed up in a room drinking hot chocolate after a day of skiing. Strategy staff members presented them with a list of unidentified companies (“Company 1,” “Company 2,” “Company 3”) along with historical and projected returns. One had 10% return ambitions; another roughly the same, etc. The executives were asked: Which companies do you think these are? Shell? Ørsted? Exxon? What happened next remains a mystery; but, according to Michael Wheeler, Equinor’s Principal of Corporate Strategy, who told the tale at a conference last year, the...