Economics

BARREN RIDGE, CA - APRIL 4: The new project will join the current large Barren Ridge solar panel array in Kern County, California. (Photo by George Rose/Getty Images)GETTY IMAGES

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forbes.com - by Jeff McMahon - July 1, 2019

Los Angeles Power and Water officials have struck a deal on the largest and cheapest solar + battery-storage project in the world, at prices that leave fossil fuels in the dust and may relegate nuclear power to the dustbin.

Later this month the LA Board of Water and Power Commissioners is expected to approve a 25-year contract that will serve 7 percent of the city's electricity demand at 1.997¢/kwh for solar energy and 1.3¢ for power from batteries.

"This is the lowest solar-photovoltaic price in the United States," said James Barner, the agency's manager for strategic initiatives, "and it is the largest and lowest-cost solar and high-capacity battery-storage project in the U.S. and we believe in the world today. So this is, I believe, truly revolutionary in the industry."

A smashed window is seen in one of the stores inside a shopping mall after looting in Maracaibo. Photograph: Isaac Urrutia/Reuters

theguardian.com - by Tom Phillips - March 26, 2019

. . . Maracaibo’s “madness” began on the night of 10 March – three days after a catastrophic blackout plunged almost the entire nation into darkness. But it had been long in the making thanks to years of economic and political neglect.

The 1.6 million residents of Maracaibo – an oil capital once celebrated as Latin America’s answer to Houston – complained of shortages of water, electricity and fuel and a worsening public transport system even before Venezuela’s crisis began to accelerate in 2016, with the onset of hyperinflation.

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A highway stands immersed in floodwaters from Hurricane Harvey in West Columbia, Texas, on Aug. 30.  Photographer: Luke Sharrett/Bloomberg

CLICK HERE - CDP - Company Scores

bloomberg.com - by Christopher Flavelle - January 22, 2019

Bank of America Corp. worries flooded homeowners will default on their mortgages. The Walt Disney Co. is concerned its theme parks will get too hot for vacationers, while AT&T Inc. fears hurricanes and wildfires may knock out its cell towers.

The Coca-Cola Co. wonders if there will still be enough water to make Coke.

As the Trump administration rolls back rules meant to curb global warming, new disclosures show that the country’s largest companies are already bracing for its effects. The documents reveal how widely climate change is expected to cascade through the economy -- disrupting supply chains, disabling operations and driving away customers, but also offering new ways to make money.

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FILE PHOTO: Vapor is released into the sky at a refinery in Wilmington, California March 24, 2012. REUTERS/Bret Hartman/File photo

reuters.com - by Maria Caspani - December 13, 2018

A growing percentage of Americans see climate change as an “imminent” threat driven mainly by human activity, and more than two-thirds want Washington to work with other nations to combat it, according to a Reuters/Ipsos poll released on Thursday . . . 

. . . The survey came close on the heels of a U.S. government report released last month that said climate change will cost the U.S. economy hundreds of billions of dollars by the end of the century, undermining health, infrastructure, and industries from farming to energy production.

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