Oil companies increase flaring, despite pledges to cut back

OIL & GAS: Oil and gas companies claim progress in curbing gas flaring, but data shows significant increases in flaring and venting of natural gas and greenhouse gases. (New York Times)

ALSO: A New York utility ordered to lift a moratorium on new gas hookups now has a backup plan to deliver compressed natural gas by truck. (Bloomberg)

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CALIFORNIA: Southern California Edison warns it may shut off electricity to more than 32,400 homes and businesses today and tomorrow.

Study: Clean energy in U.S. a $1.3 trillion annual business

CLEAN ENERGY: A new study estimates the “green economy” in the U.S. generates $1.3 trillion in annual revenue, or about 7% of GDP. (Bloomberg)

ALSO:
• Google announces plans for $150 million in clean energy investment; the figure represents about 0.1% of the company’s 2018 revenue. (CNET)
• A growing number of colleges and universities seek help from the private sector to run their utilities and meet emission-reduction targets. (Utility Dive)
• ExxonMobil is spending millions on clean energy researchers, which some critics say raises questions about scientific independence. (Axios)

***SPONSORED LINK: Register for Infocast’s Southeast Renewable Energy Summit, October 28-30 in Atlanta, to meet the top players in the market and explore the new renewable energy growth opportunities in the region.

California utility’s outage strategy called ‘unacceptable’

CALIFORNIA: California’s senior utility regulator slams PG&E for its “failures in execution” and issues a series of sanctions against the bankrupt utility, demanding an overhaul of its “unacceptable” planned outages strategy. (San Francisco Chronicle)

ALSO:
• PG&E inspectors found more than 100 places where its system was damaged by recent strong winds, including downed power lines and trees that hit lines — which could have sparked wildfires. (Associated Press)
• Los Angeles fire officials have determined the destructive Saddle Ridge Fire began beneath a high-voltage transmission tower owned by Southern California Edison. (Associated Press)

***SPONSORED LINK: Register for Infocast’s Southeast Renewable Energy Summit, October 28-30 in Atlanta, to meet the top players in the market and explore the new renewable energy growth opportunities in the region. You’ll engage in networking and deal-making exchanges with the decision-makers driving the Southeast industry forward.

Coal group orchestrated state regulators’ power plant letters

COAL: Emails show that letters from regulators in six states urging a federal power plant bailout were coordinated by a coal industry group. (Bloomberg)

CALIFORNIA:
• “This did not go well”: PG&E officials acknowledge multiple missteps during planned power outages last week. (New York Times)
• Charities say PG&E’s blackouts are exposing economic disparity in Northern California, as low-income families don’t have the luxury of buying backup power. (Associated Press)

***SPONSORED LINK: Register for Infocast’s Southeast Renewable Energy Summit, October 28-30 in Atlanta, to meet the top players in the market and explore the new renewable energy growth opportunities in the region. You’ll engage in networking and deal-making exchanges with the decision-makers driving the Southeast industry forward.

U.S. coal demand hits 42-year low

COAL: Coal demand from U.S. power plants is at its lowest level in 42 years, despite efforts by the Trump administration to revive the industry. (CNN)

ALSO:
• A West Virginia county official says he does not expect a “devastating” impact from recently announced mine closures: “the coal is not the real problem, the drug problem is our biggest problem.” (WV Metro News)
• The required transfer of mining permits and associated reclamation obligations to the new owner of Blackjewel’s Wyoming mines could delay their return to full operations by up to three weeks. (Wyoming Business Report)

***SPONSORED LINK: Register for Infocast’s Southeast Renewable Energy Summit, October 28-30 in Atlanta, to meet the top players in the market and explore the new renewable energy growth opportunities in the region. You’ll engage in networking and deal-making exchanges with the decision-makers driving the Southeast industry forward. Sign up today!***

CLIMATE:
• The International Monetary Fund says a climate tax of $75 per ton will be necessary to prevent the worst impacts of climate change.