Headline News:
- Grafton Asset Management Inc, which had brought foreign investment into Canada’s oil and gas industry, is looking to add alternative energy to its portfolio for the first time, as it positions itself for the decline of fossil fuels. The company’s CEO worries about the industry’s future, saying, “I do look at it as a sun-setting business.” [Financial Post]
Sun setting on oil field (Photo by Arne Hückelheim, Wikimedia Commons)
- Opinion: “China is going all in on clean energy while Trump waffles. How is that making America great again?” • China announced that in the next three years it will invest $361 billion in renewable power, creating 13 million jobs. But the Trump administration talks about renewing an outdated love affair with coal and oil. [Environmental Defense Fund]
- The state of Hawaii could derive more than half of all its electricity from geothermal resources, with the most realistic resource potentials on the Big Island of Hawaii and on Maui. Geothermal could fuel the whole demand of the island of Maui, according to the annual report of the state’s Energy Resources Coordinator. [ThinkGeoEnergy]
- The DOE says that the US electricity system “faces imminent danger” from cyber-attacks and warned that a widespread power outage could be caused by a cyber-attack, undermining “critical defense infrastructure” as well as much of the economy and the health of its people. Grid operators say they are already on top of the problem. [Tyler Morning Telegraph]
- The aging Indian Point nuclear power plant just north of New York City would close within four years under a deal being made with Governor Andrew Cuomo. Plant owner Entergy Corp would shut both reactors at the Westchester County facility by April 2021, according to a source familiar with the deal’s details. [Albany Times Union]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
January 7 Green Energy News posted first on Green Energy Times
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