February 2 Green Energy News

Headline News:

• “Surge in electric cars may blindside big oil” • Oil companies are underestimating the global market for electric vehicles and could be caught unaware by weakened demand for petrol within a decade, according to a report, jointly issued by financial think tank Carbon Tracker and the Grantham Institute, both based in London. [Guardian]

Faraday Future’s FF 91 prototype (Photo: AFP / Reuters)

• “Moving Backward On Fuel Economy Standards Is A Bad Deal For America” • Automaker CEOs apparently lobbied President Trump to weaken strong fuel economy standards during a White House summit. Moving backward on fuel economy standards, however, would threaten our health, energy security, jobs, and investments. [CleanTechnica]
• Deutsche Bank, one of the world’s leading financial services providers, has finished January by announcing plans to halt investment of all new coal financing, and to scale back existing exposure to the thermal coal mining sector. Not including this, global divestment reported by 350.org stands at about $5.44 trillion. [CleanTechnica]
• The Iraqi government is warning that a pair of pending deals with GE could be at risk from President Donald Trump’s travel ban, according to internal State Department documents. GE has sizable interests in Iraq, including power contracts worth more than a billion dollars and hundreds of employees in the country. [POLITICO.eu]
• Latest issue of the Federal Energy Regulatory Commission’s monthly “Energy Infrastructure Update,” tells us that newly installed capacity from renewable sources totaled 16,124 MW, or 61.5% of the total, surpassing combined installations for natural gas (8,689 MW), nuclear power (1,270 MW), oil (58 MW), and coal (45 MW). [Sun & Wind Energy]

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February 2 Green Energy News posted first on Green Energy Times