June 3 Green Energy News

Headline News:

“The Oil & Gas Industry Doesn’t Have A Bright Future” • The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result. [CleanTechnica]

Fully loaded oil tankers sitting idle, with nowhere to go (PO3 Aidan Cooney | USCG)

“Adani Chief Talks Solar And Hydrogen Storage Opportunity” • Covid-19 presents an opportunity to pause, rethink, and design a faster transition to a clean energy future, according to Adani Group chairman Gautam Adani. He pointed to a 99% drop in the cost of solar modules over a 40 year period, and said he expects the trend to continue. [pv magazine Australia]
“UK Electricity Coal Free For First Month Ever” • The UK’s electricity system had its “greenest” month ever and ran without coal-fired electricity for the full month of May. National Grid, the energy system operator, said the UK’s sunniest spring on record helped reduce the carbon intensity of the grid to its lowest level ever recorded. [The Guardian]
“State Now Has Plan For Climate Resilience” • In 2012, North Carolina passed a bill restricting the use of sea level rise data for regulatory purposes, which brought it criticism for “outlawing science.” Since that time, it has changed more than a little. This week it introduced what it calls its most comprehensive effort to address climate change. [Coastal Review Online]
“Oil Pipeline Projects Continue To Burden Landowners During Pandemic – Misuse Of Eminent Domain” • Pipeline giant Kinder Morgan is cutting a 400-mile line across the middle of Texas, digging up vast swaths of private land for its planned Permian Highway Pipeline. The project continues, through the pandemic, without health precautions. [CleanTechnica]

Green Energy Times