Energy Initiative Goes Down in Flames in Arizona Also

By Anthony Watts – Re-Blogged From WUWT

A renewable energy initiative was rejected by Arizona voters Tuesday, dealing a major blow to environmental activists who hoped to increase the state’s development of wind and solar resources.

Proposition 127, a renewable energy initiative in Arizona, lost handily Tuesday, according to ABC Arizona, citing The Associated Press. The proposal was widely expected to go down in flames heading into Election Day.

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Weekly Climate and Energy News Roundup #334

Brought to You by www.SEPP.org, The Science and Environmental Policy Project

By Ken Haapala, President

Importance of Clouds: MIT Sloan Professor of Meteorology emeritus Richard Lindzen wrote TWTW stating that, in the past weeks, TWTW may have underemphasized the importance of clouds and overemphasized water vapor in their roles of causing climate change. Perhaps TWTW did because the role of El Niños in influencing atmospheric temperatures trends can easily be seen by looking at a graph of the entire record since December 1978. El Niños put a lot of water vapor into the air and temperatures peak quickly, then fall slowly as the moisture drops out. The influence is particularly strong in the Arctic, where there is little water vapor in the atmosphere. But the El Niño influence is not strong in the dry Antarctic, for reasons not clear.

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100 Percent Renewables—Poor Policy for Ratepayers

By Steve Goreham – Re-Blogged From Master Resource

Two states and more than 80 cities and counties have now announced a goal of receiving 100 percent of their electricity from renewable sources. Wind, solar, and biofuels are proposed to replace electricity from coal, natural gas, and nuclear power plants. But evidence is mounting that 100 percent renewables is poor policy for US households and businesses.

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GE Slashes Dividend to 1 Penny, Reveals Deeper SEC Probe

By Thomson Reuters – Re-Blogged From Newsmax

General Electric Co. slashed its quarterly dividend to a penny a share, promised to restructure its power unit and said it faced a deeper accounting probe as new Chief Executive Larry Culp took his first steps to revive the struggling conglomerate.

GE said the U.S. Securities and Exchange Commission and Department of Justice had expanded ongoing investigations to include a $22-billion writedown of goodwill from GE’s power division, which GE reported on Tuesday.

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The Costs and Fallibility of UK Weather Dependent Renewables

By Ed Hoskins – Re-Blogged From WUWT
The Weather Dependent Renewables industry has deluded itself, its Green politcal supporters and defrauded the public at large, by not admitting to the detrimental impact of the massive capacity and thus performance / cost differentials between Weather Dependent Renewables and reliable fossil fuel or nuclear power generation.

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Global Solar Power Installations Will Crash 24% in 2018

By Eric Worrall – Re-Blogged From WUWT

h/t James Delingpole – This is a bad year for renewable energy.

Goldman Sachs Puts a Grim Number on Solar Slump for This Year

By Chris Martin
20 July 2018

Anyone following clean energy knew this could be a tough year for solar. Goldman Sachs Group Inc. just put a grim number on how bad.

The pace of global installations will contract by 24 percent in 2018, Goldman analysts led by Brian Lee said in a research note late Wednesday. That’s far more dire than the 3 percent decline forecast by Bloomberg NEF in the bleakest of three scenarios outlined in a report earlier this month. Credit Suisse Group AG is forecasting a 17 percent contraction.

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