June 29 Green Energy News

Headline News:

“Maine Woods Would Benefit From Power Line Project” • Ensuring a healthy future for the Maine Woods – its plants and trees, animals and fish, jobs and industries – requires us to recognize its biggest threat: climate change. To reduce the devastating effects of climate change, we must take some big steps. And we must move quickly. [Press Herald]

Power lines at sunrise (Ron Shawley, Wikimedia Commons)

“Chesapeake Energy, Fracking Pioneer, Files For Bankruptcy Owing $9 Billion” • Chesapeake Energy, a leader in the fracking boom, has filed for bankruptcy protection. The company said its debts of $9 billion were unmanageable, and it entered a plan with lenders to cut $7 billion of them. It will continue operating as usual during the bankruptcy process. [The Guardian]
“Spain To Close Half Its Coal-Fired Power Stations” • Seven out of the fifteen coal-fired power stations still working in Spain will cease operations on June 30, after their owners – the electricity companies – decided that it does not make financial sense to adapt them to European regulations. And four more are getting ready to shut down soon. [EL PAÍS in English]
“Jemena Wants Emphasis On Renewable Gas” • Last month, the Australian federal government released the Technology Investment Roadmap Discussion Paper with a view to future investments in low emissions technologies. Pipeline owner and operator Jemena said renewable gases could keep the economy strong and energy costs affordable. [The Australian Pipeliner]
“Florida Has Thousands More Properties With High Flood Risk Than FEMA Says, According To New Study” • According to a model by the nonprofit First Street Foundation, about 114,000 more Florida properties are at risk of flooding in a 100-year storm than the Federal Emergency Management Agency currently estimates. [Tampa Bay Times]

Green Energy Times