Green

PG&E Filing Bankruptcy

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From Zero Hedge – Re-Blogged From WUWT

Confirming earlier reports that distressed California utility PG&E had rejected a proposal by some of the world’s most prominent investors that would keep it out of bankruptcy, moments ago Bloomberg reported that the board of the embattled utility which is facing $30 billion in wildfire liabilities, voted late Monday to file for bankruptcy protection as soon as midnight.

In pursuing a Chapter 11 bankruptcy filing, PG&E is declining a proposal by an investing group led by Paul Singer’s Elliott Management that would’ve been backed by $4 billion in bonds and given the company enough cash to stay avoid bankruptcy while working through its liabilities. A second group of investors including Ken Griffin’s Citadel and Leon Black’s Apollo who had pitched a rival plan, were also rebuffed.

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Saudi Aramco CEO: “Not Losing Any Sleep Over ‘Peak Oil Demandʼ

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By David Middleton – Re-Blogged From WUWT

If Alexandria Occasional Cortex and the rest of the Green New Deal nitwits only had the mental capacity to understand Amin H. Nasser’s 2018 CERA presentation…

“Lifting the hood on the real future facing the petroleum industry”

Remarks by Amin H. Nasser, Saudi Aramco President & CEO

Good morning Ladies and Gentlemen, and thank you Dan [Yergin] for that kind introduction.

Like all CEOs, I receive many invitations to address conferences.

Naturally, the first thing I ask is: “How will this help Saudi Aramco?”

The second is: “How will this help our industry?”

And the third is: “Will Dan Yergin be involved?!”

So CERA Week in Houston really hits the trifecta!!!

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The Green Climate Deal

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By Willis Eschenbach – Re-Blogged From WUWT

I see that Ms. Alexandria Ocasio-Cortez and Mr. Bernie Sanders are pushing something called a “Green New Deal”, so I thought I’d take a look. The Hill has a piece entitled “Progressives say dire climate reports point to need for ‘Green New Deal’“,  and the Atlantic magazine has an article on it headlined “The Democratic Party Wants to Make Climate Policy Exciting“. Make climate policy exciting? Well, I guess so, but only if you consider economic suicide exciting …

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Voters Rebelling Against Trudeau Carbon Taxes

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By Eric Worrall – Re-Blogged From WUWT

The Economist worries that Canadians are electing powerful state politicians opposed to Trudeau climate policies.

Can Ontario’s new leader wreck Canada’s climate-change plan?

If Alberta supports him, he might do

The Economist explains
Jun 27th 2018 by M.D. | OTTAWA

DOUG FORD says his first official act as leader of Canada’s most populous province, Ontario, will be to kill the cap-and-trade programme put in place by the Liberal government that his Progressive Conservatives defeated earlier this month. As of June 29th, the date of the handover, Mr Ford promises that what he describes as “the cap-and-trade carbon tax” will be gone. The climate-change programme is provincial policy, but it also forms part of Canada’s national plan, which crucially depends on each of the 10 provinces and three territories reducing greenhouse-gas emissions. In withdrawing Ontario, the second-largest emitter after energy-rich Alberta, will Mr Ford wreck the national climate-change plan?

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South Australians Fed Up with Unreliable Expensive Green Power

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By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

South Australians, the world’s renewable crash test dummies, have just overwhelmingly rated affordability and reliability of supply as more important than tackling climate change in an online survey – but they still want their green energy revolution.

Your Say survey finds South Australians rank power bills, supply over tackling climate change

SOUTH Australians are abandoning support for tackling climate change by cutting carbon emissions in favour of demanding affordable and reliable electricity supply and developing a renewable energy industry.

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Big Businesses Defy President Trump on Climate Change

usissuescom CAGW Alarmism, GDP & Employment , , ,

By Eric Worrall – Re-Blogged From http://www.WattsUpWithThat.com

The Guardian is celebrating that Big Business jetted into a Miami Climate Conference, touting their 2050 climate plans and purchases of wind power. But in my opinion not everything is as it seems.

Abandoned facility of defunct Youngstown Sheet and Tube Company.

Abandoned facility of defunct Youngstown Sheet and Tube Company. By stu_spivack [CC BY-SA 2.0], via Wikimedia Commons

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