What is ESG, Why It’s Controversial — and Why It Shouldn’t Be
by RMI | August 19, 2022
The past few years have seen much ado about ESG — shorthand for “environmental, social, and governance,” a trio of non-financial factors that have become priorities for the public, investors, and regulators. But as ESG has begun to shift from a talking point to a regulatory mandate, consensus has given way to controversy, polarizing debate over its very definition, reliability, and benefit.
Does the nation’s first CO2 cap and trade system work?
By Energy News Network | August 6, 2022
Seventeen years after its founding, the nation’s first cap-and-trade system for greenhouse gases has become a flashpoint across the eastern United States, with lawmakers in two states vowing to exit the program and environmental advocates calling to reform it.
How will the Inflation Reduction Act impact your business?
RISE Energy Services | August 4, 2022
After several start/stops with its Build Back Better legislation in 2021, Congress is once again trying to enact a spending bill that will spur investment in America’s energy transition. While the spending package is far from final, RISE is here to provide the essential information on how the energy portions of the proposed law will impact your business.
Archaea Signs 5-Year Renewable Natural Gas Agreement with UGI Utilities, Inc.
Archaea | July 28, 2022
Archaea Energy Inc. (“Archaea”) (NYSE: LFG), an industry leading renewable natural gas (“RNG”) company, announced today that its wholly-owned subsidiary Archaea Energy Marketing LLC has entered into a medium-term RNG purchase and sale agreement with UGI Utilities, Inc. (“UGI Utilities”), a Pennsylvania-based natural gas and electric utility and wholly-owned subsidiary of UGI Corporation (NYSE: UGI). UGI Corporation is a distributor and marketer of energy products and services, including natural gas, liquified petroleum gas, electricity and renewable energy solutions.
Net zero climate target could fail without more copper supply
Reuters | July 14, 2022
Efforts to reach carbon neutrality by 2050 are likely to remain out of reach as copper supply fails to match demand amid growing use of solar panels, electric vehicles and other renewable technologies, data from S&P Global showed on Thursday.
EU parliament backs labelling gas and nuclear investments as green
Reuters | July 7, 2022
The European Parliament on Wednesday backed EU rules labelling investments in gas and nuclear power plants as climate-friendly, throwing out an attempt to block the law that has exposed deep rifts between countries over how to fight climate change.
Supreme Court rejects EPA ability to set fleet-wide GHG emissions standards for power plants
Utility Dive | June 30, 2022
The Environmental Protection Agency cannot set fleet-wide greenhouse gas emissions limits for existing power plants under the Clean Air Act’s Section 111(d), the Supreme Court ruled Thursday.
World’s listed companies must rapidly cut carbon intensity
MSCI | June 28, 2022
The latest quarterly Net-Zero Tracker published by MSCI, a leading provider of critical decision support tools and services for the global investment community, reinforces the urgent action required from the world’s listed companies to meet the 1.5°C target set by the Paris Agreement. All listed companies must each reduce their total carbon intensity by 8-10% every year until 2050 if the 1.5°C target is to be met. Only 39% of companies reduced emission intensity by that amount between 2019 and 2020.
Low-Emission Buildings Give Some New York Developers High Financial Hopes
Commercial Observer | June 24, 2022
New York City’s oft-maligned Local Law 97, which requires owners of most larger buildings to reduce their carbon emissions, has been subject to criticism and even a lawsuit calling the measure financially burdensome and unconstitutional. But for some developers, the law has proven to be a welcome catalyst for pursuing environmentally friendly developments — ones with the potential to be quite profitable.
PJM Capacity Auction Secures Electricity Supplies at Competitive Prices
PJM | June 21, 2022
PJM Interconnection announced today the successful procurement of resources in its annual capacity auction to meet electricity needs and ensure reliable service for the 2023/2024 Delivery Year. The auction results reflect a reliable and lower-carbon resource mix achieved at a low cost to consumers. Prices for the 2023/2024 Delivery Year were lower than in the previous auction for the 2022/2023 Delivery Year. As a result, sufficient resources plus robust reserve levels were procured at a cost of $2.2 billion, compared with approximately $4 billion for the current 2022/2023 Delivery Year.
Volvo says it has started testing trucks with fuel cells powered by hydrogen
CNBC | June 20, 2022
Volvo Trucks said Monday that it had begun to test vehicles that use “fuel cells powered by hydrogen,” with the Swedish firm claiming their range could extend to as much as 1,000 kilometers, or a little over 621 miles.
Natural gas plummets as Freeport delays facility restart following explosion
CNBC | June 14, 2022
Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up and running soon.
OGCI Climate Investments publishes its inaugural Impact Report covering portfolio greenhouse gas emissions
OGCI.com | June 09, 2022
OGCI Climate Investment (OGCI CI), a specialist decarbonization investor, today announced that its 23 Catalyst Fund I portfolio companies have realized a GHG impact of 30 million tons of CO2 equivalent (MtCO2e) of GHG emissions between 2019-2021, the equivalent to 500 million tree seedlings growing for 10 years.
DOE Launches Bipartisan Infrastructure Law's $8 Billion Program for Clean Hydrogen Hubs Across U.S.
Energy.gov | June 6, 2022
WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today released a Notice of Intent (NOI) to fund the Bipartisan Infrastructure Law’s $8 billion program to develop regional clean hydrogen hubs (H2Hubs) across America. H2Hubs will create networks of hydrogen producers, consumers, and local connective infrastructure to accelerate the use of hydrogen as a clean energy carrier. The production, processing, delivery, storage, and end-use of clean hydrogen, including innovative uses in the industrial sector, is crucial to DOE’s strategy for achieving President Biden’s goal of a 100% clean electrical grid by 2035 and net-zero carbon emissions by 2050.
SEC Statement on ESG Disclosures Proposal
Securities and Exchange Commission | May 25, 2022
Today, the Commission is considering a proposal to improve disclosures by certain investment advisers and funds that purport to take Environmental, Social, and Governance (ESG) factors into consideration when making investing decisions. I am pleased to support this proposal because, if adopted, it would establish disclosure requirements for funds and advisers that market themselves as having an ESG focus.
Hydrogen: A Hot Commodity Lacking Sufficient Statistics
By Columbia Center on Global Energy Policy | April 11, 2022
Hydrogen has become one of the most debated topics in the energy industry. As an energy vector, hydrogen has been touted as a possible path to decarbonize energy sectors that are considered difficult to electrify, such as heavy-duty transport. While hydrogen expansion faces challenges associated with introducing it into new sectors and decreasing the cost of green (or low-emission) hydrogen, major economies such as China, the EU, and the United States have been looking to integrate its use into their decarbonization strategies. Demand for hydrogen could more than quintuple in a global net-zero-carbon-emissions scenario.
Biomethane Procurement For California Gas Utilities
BioCycle Magazine | March 30, 2022
In late February, the California Public Utilities Commission (CPUC) set biomethane procurement targets for utilities to reduce short-lived climate pollutant (SLCP) emissions. The decision establishes a biomethane procurement program crafted to help achieve the state’s goals that require the reduction of emissions of methane and other SLCPs by 40% below 2013 levels by 2030. “Renewable gas procurement will reduce otherwise uncontrolled methane and black carbon emissions in our waste, landfill, agricultural and forest management sectors,” noted the CPUC in its announcement of the procurement targets. It cites 2019 California Air Resources Board data that identified those sectors being responsible for more than 75% of the state’s methane emissions.
IFRS Foundation and GRI to align capital market and multi-stakeholder standards
Global Reporting Initiative | March 22, 2002
The IFRS Foundation and Global Reporting Initiative (GRI) have announced today a collaboration agreement under which their respective standard setting boards, the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board (GSSB), will seek to coordinate their work programmes and standard-setting activities.
US Gain enters partnership to supply RNG for hydrogen production
Biomass Magazine | February 10, 2022
U.S. Gain, a leader in the development and distribution of alternative fuel and renewable thermal energy, is excited to announce its renewable natural gas (RNG) supply will be used as a feedstock into hydrogen production, enabling a greener fueling solution for the California transportation market.
Pennsylvania Food Waste To Energy Assessment
BioCycle Magazine | January 10, 2022
The Pennsylvania Department of Environmental Protection (PADEP) released the “Pennsylvania Food Waste to Renewable Energy Assessment” in late December. “The assessment is a first of its kind attempt to understand the amount of industrial, commercial, and institutional (ICI) food waste diverted via anaerobic digestion (AD) and composting in Pennsylvania,” explains Robert Young, Energy Program Specialist at PADEP. “Prior to this assessment, no publicly available dataset comprehensively identified all AD and composting facilities processing ICI food waste or documented the amounts accepted and the additional capacities available.” The assessment was conducted by MSW Consultants and Coker Composting and Consulting; BioCycle was responsible for the case studies in the report.
Archaea Energy announces startup of largest RNG project in world
By Archaea Energy Inc. | January 03, 2022
Archaea Energy Inc., an industry-leading renewable natural gas (RNG) company, announced Dec. 30 the successful start-up of Project Assai, an RNG facility located at the Keystone Sanitary Landfill in Dunmore, Pennsylvania. Pipeline-quality RNG has been produced and commercial operations were achieved on Dec. 30, 2021. Assai is now the highest capacity operational RNG facility in the world.
Voluntary Carbon Markets Top $1 Billion in 2021 with Newly Reported Trades
a Special Ecosystem Marketplace COP26 Bulletin, November 2021
Voluntary Carbon Markets hit a record $1 Billion in 2021 as new trades are reported by EM Respondents. This special State of the Voluntary Carbon Markets (SOVCM) bulletin from Ecosystem Marketplace shows that prices are on the rise and that projects with additional co-benefits achieve higher prices than the rest.
Archaea Energy Inc. Signs 21-Year Renewable Natural Gas Agreement with Northwest Natural Gas Company
November 15, 2021
HOUSTON--(BUSINESS WIRE)-- Archaea Energy Inc. (“Archaea”) (NYSE: LFG), an industry leading renewable natural gas (“RNG”) company, announced today that its subsidiary Archaea Holdings, LLC has entered into a long-term RNG purchase and sale agreement with Northwest Natural Gas Company (“NW Natural”), a subsidiary of NW Natural Holdings (NYSE: NWN). NW Natural provides natural gas service to approximately 2.5 million people in Oregon and Southwest Washington.
RFS Power Coalition Commends Rep. John Garamendi for Introducing Bill Requiring EPA Action on eRINs
By RFS Power Coalition | November 9,2021
Washington, DC – November 9, 2021 – The RFS Power Coalition today commended Rep. John Garamendi (D-CA) for introducing H.R. 5899, the “Biomass and Biogas for Electric Vehicles Act” late last week. If passed, this bill will require the U.S. Environmental Protection Agency (EPA) to finally process the outstanding project and pathway applications for the Renewable Fuel Standard (RFS) which have been waiting for EPA’s action for many years.
U.S. Moves to Limit Methane Emissions From Oil and Gas Production
WSJ | By Timothy Puko in Glasgow and Katy Stech Ferek in Washington, Nov. 2, 2021
The U.S. announced a broad expansion and strengthening of rules to limit methane emissions from oil and natural gas Tuesday as President Biden seeks to assert U.S. leadership on global warming at the climate summit in Glasgow.
Enviva, GreenGasUSA announce 10-year RNG offtake agreement
By Enviva | October 25, 2021
Enviva Partners LP and GreenGasUSA, an integrated renewable natural gas (RNG) solutions provider, announced on Oct. 20 a 10-year RNG offtake agreement to decarbonize natural gas-related emissions in Enviva’s operations. The agreement is expected to eliminate more than 64,000 metric tons of carbon dioxide (CO2) equivalent from the atmosphere every year, which equates to 14,000 passenger cars being removed from the road.
Tallgrass Energy enters agreement with Project Canary
worldpipelines.com | September 28, 2021
A multi-year partnership that has been announced between Tallgrass Energy and Project Canary would make Tallgrass’ Rockies Express Pipeline (REX) the first interstate natural gas transmission pipeline in the United States to receive a comprehensive and independent environmental assessment and certification from Project Canary. The certification standards will be focused on environmental stewardship, operational excellence and real-time emissions detection and monitoring.
UGI Partners with California Bioenergy and Sevana Bioenergy to Develop RNG Dairy Digester Projects in South Dakota Through MBL Bioenergy
Press Release | September 16, 2021
MBL Bioenergy, LLC (“MBL Bioenergy”) announced today that it has entered into definitive agreements to develop several clusters of dairy farm digester projects to produce renewable natural gas (“RNG”) from multiple farms in South Dakota. MBL Bioenergy is a joint venture funded by UGI Energy Services, LLC (“UGIES”) as well as subsidiaries of California Bioenergy LLC (“CalBio”) and Sevana Bioenergy, LLC (“Sevana Bioenergy”). UGIES is a subsidiary of UGI Corporation (NYSE: UGI).
Rice Acquisition Corp. Announces Stockholder Approval of Business Combination with Aria Energy and Archaea Energy
By businesswire, A Berkshire Hathaway Company | September 9, 2021
Rice Acquisition Corp. (NYSE: RICE) (“RAC”), a special purpose acquisition company focused on the energy transition sector, today announced that its stockholders approved all proposals related to the proposed business combination (the “Business Combination”) with Aria Energy LLC (“Aria”) and Archaea Energy LLC (“Archaea LLC”), which will create the industry-leading renewable natural gas (“RNG”) platform, at a special meeting of stockholders held earlier today. In addition, RAC’s stockholders have expressed strong support for the Business Combination, with stockholders electing to redeem less than 0.2% of RAC’s outstanding shares of Class A common stock.
The Landfill Group, LS Power announce South Carolina RNG project
By LS Power | September 09, 2021
The Landfill Group and LS Power today announced that Enerdyne Power Systems, a Landfill Group company based in Charlotte, North Carolina, has begun construction on a state-of-the-art renewable natural gas (RNG) project at the Twin Chimneys Landfill site in Honea Path, South Carolina. The Twin Chimneys Power Producers project is expected to achieve commercial operations by the fourth quarter in 2022...