Warmists Remove Foot From Their Mouths....

[PoliticalChic]

Remember the university Leftists vowing to invest only in green ventures and green energy alternatives?

And the union pension fund, the same?

And some Liberal state governments?

Well....seems they saw the great big 'Uh oh!'


1. "The fossil fuel divestment boom has turned into a serious bust. Most recently we saw this at the University of Denver where the administration determined that the future health of their endowment was worth far more than any political points scored through satisfying the demands of some environmentalist students."

2. A new report conducted by an independent consulting firm for the state of Vermont confirms what economists, pension fund managers and academics have long said about fossil fuel divestment: it’s costly, hurts pension fund returns, and has no tangible impact on climate change.

3. For over a year, Vermont has been a battleground state for divestment with prominent activists like 350.org founder Bill McKibben urging schools and pension funds to divest, and former Governor Peter Shumlin making divestment a signature issue in 2016. Yet at every turn, efforts to divest have been rejected by everyone from the Treasurer’s office to pensioners – the same sentiments reached by colleges and funds across the nation.

4. After legislative proposals to mandate state pension divestment failed in March 2016, a subcommittee of the Vermont Pension Investment Committee (VPIC) was assembled to study the issue. The result of that process is a new report, released today by the Pension Consulting Alliance (PCA), analyzing several fossil fuel divestment scenarios for the Vermont pension fund at the request of the VPIC. Across all scenarios studied, PCA concluded that divestment would have adverse impacts for pension beneficiaries.

5. .... determined that fossil fuel divestment would result in increased costs, reduced versatility in the portfolio and potential long-term losses. As with previous university studies, the report also indicated that any such risky divestment strategy would produce no real impact on the fossil fuel companies.

6. ... cutting their own throats for the sake of pleasing a small but vocal minority of green warriors was simply not feasible in the long run. ....Considering the fact that fossil fuels still represent one of the most consistently profitable investments available, particularly when compared to renewable energy, that’s going to be quite the trick."
Fossil fuel divestment crashes and burns in Vermont - Hot Air




And....in similar news.....Donald Trump won the presidential election.


Looks like the Left 'feels the Bern.'

 

[CrusaderFrank]

They don't need any money, they'll just take it from us

 

[Old Rocks]

Well, let us see. Coal companies are going bankrupt both here and in Canada from lack of new business. So, getting rid of those investments would be wise. EV's are becoming ever more reasonable to buy, and increasing their range as we post. Both solar and wind are decreasing in cost, already well below the cost of even natural gas. So pulling money from fossil fuels and investing in those businesses makes good economic sense. After all, that hyper liberal state of Texas has companies placing both wind and solar energy in place by the giga-watt right now. LOL.

 

[Old Rocks]

Economics to Keep Wind and Solar Energy Thriving With Trump

On the plains of West Texas, new wind farms can be built for just $22 a megawatt-hour. In the Arizona and Nevada deserts, solar projects are less than $40 a megawatt-hour. Compare those figures with the U.S. average lifetime cost of $52 for natural gas plants and about $65 for coal.

Environmental rules and government subsidies are no longer the key drivers for clean power. Economics are.

That’s why Donald Trump will have limited influence on the U.S. utility industry’s push toward renewable energy, according to executives and investors. Companies including NextEra Energy Inc., Duke Energy Corp. and others that invest billions in power plants are already moving forward with long-term plans to generate electricity with cleaner and more economic alternatives.

“We said before the election that whoever is elected president, we would be continuing our efforts to go to a low-carbon fleet and also pursue renewables,” said Tom Williams, a spokesman for Duke, the second-largest U.S. utility owner.

Wind and solar have been the two biggest sources of electricity added to U.S. grids since 2014 as utilities closed a record number of aging coal-fired generators. Trump has derided clean energy and assailed environmental regulations that hinder jobs, while pledging to revive the mining industry. In an interview Tuesday, Trump softened his view, telling the New York Times that he has an ‘‘open mind’’ on the Paris climate accord and noting that “there is some connectivity” between human activity and climate change.

And it’s not just cost that makes clean energy attractive to utilities -- it’s time. A solar farm can go up in months to meet incremental increases in utility demand; it takes years to permit, finance and build the giant boilers and exhaust systems that make up a coal plant, and they can last for a generation. A four-year presidential term is hardly a tick in that energy clock, and companies are already planning projects that will commence after Trump leaves office, even if he serves two terms.

Wise investors will get out of coal and nuclear, and into wind and solar, as well as grid scale battery storage.

 

[SSDD]

Economics to Keep Wind and Solar Energy Thriving With Trump

On the plains of West Texas, new wind farms can be built for just $22 a megawatt-hour. In the Arizona and Nevada deserts, solar projects are less than $40 a megawatt-hour. Compare those figures with the U.S. average lifetime cost of $52 for natural gas plants and about $65 for coal.

Environmental rules and government subsidies are no longer the key drivers for clean power. Economics are.

That’s why Donald Trump will have limited influence on the U.S. utility industry’s push toward renewable energy, according to executives and investors. Companies including NextEra Energy Inc., Duke Energy Corp. and others that invest billions in power plants are already moving forward with long-term plans to generate electricity with cleaner and more economic alternatives.

“We said before the election that whoever is elected president, we would be continuing our efforts to go to a low-carbon fleet and also pursue renewables,” said Tom Williams, a spokesman for Duke, the second-largest U.S. utility owner.

Wind and solar have been the two biggest sources of electricity added to U.S. grids since 2014 as utilities closed a record number of aging coal-fired generators. Trump has derided clean energy and assailed environmental regulations that hinder jobs, while pledging to revive the mining industry. In an interview Tuesday, Trump softened his view, telling the New York Times that he has an ‘‘open mind’’ on the Paris climate accord and noting that “there is some connectivity” between human activity and climate change.

And it’s not just cost that makes clean energy attractive to utilities -- it’s time. A solar farm can go up in months to meet incremental increases in utility demand; it takes years to permit, finance and build the giant boilers and exhaust systems that make up a coal plant, and they can last for a generation. A four-year presidential term is hardly a tick in that energy clock, and companies are already planning projects that will commence after Trump leaves office, even if he serves two terms.

Wise investors will get out of coal and nuclear, and into wind and solar, as well as grid scale battery storage.

Tell me rocks....if you, in fact, believe your nonsense about climate change..and you believe that in the future, extreme weather is going to be the new norm...more and bigger storms etc....how disconnected from reality must you be to be a big fan and promoter of wind and solar...how well do you think windmills and vast solar arrays are going to stand up to extreme weather?

 

[Billy_Bob]

Economics to Keep Wind and Solar Energy Thriving With Trump

On the plains of West Texas, new wind farms can be built for just $22 a megawatt-hour. In the Arizona and Nevada deserts, solar projects are less than $40 a megawatt-hour. Compare those figures with the U.S. average lifetime cost of $52 for natural gas plants and about $65 for coal.

Environmental rules and government subsidies are no longer the key drivers for clean power. Economics are.

That’s why Donald Trump will have limited influence on the U.S. utility industry’s push toward renewable energy, according to executives and investors. Companies including NextEra Energy Inc., Duke Energy Corp. and others that invest billions in power plants are already moving forward with long-term plans to generate electricity with cleaner and more economic alternatives.

“We said before the election that whoever is elected president, we would be continuing our efforts to go to a low-carbon fleet and also pursue renewables,” said Tom Williams, a spokesman for Duke, the second-largest U.S. utility owner.

Wind and solar have been the two biggest sources of electricity added to U.S. grids since 2014 as utilities closed a record number of aging coal-fired generators. Trump has derided clean energy and assailed environmental regulations that hinder jobs, while pledging to revive the mining industry. In an interview Tuesday, Trump softened his view, telling the New York Times that he has an ‘‘open mind’’ on the Paris climate accord and noting that “there is some connectivity” between human activity and climate change.

And it’s not just cost that makes clean energy attractive to utilities -- it’s time. A solar farm can go up in months to meet incremental increases in utility demand; it takes years to permit, finance and build the giant boilers and exhaust systems that make up a coal plant, and they can last for a generation. A four-year presidential term is hardly a tick in that energy clock, and companies are already planning projects that will commence after Trump leaves office, even if he serves two terms.

Wise investors will get out of coal and nuclear, and into wind and solar, as well as grid scale battery storage.

And now that Trump has killed all those pesky regulations that were heaped on the industry it is coming booming back. Just this month alone three Wyoming coal mines have hired back over 1,000 employees as the demand for the product again returns and orders have tripled.

 

[Old Rocks]

Economics to Keep Wind and Solar Energy Thriving With Trump

On the plains of West Texas, new wind farms can be built for just $22 a megawatt-hour. In the Arizona and Nevada deserts, solar projects are less than $40 a megawatt-hour. Compare those figures with the U.S. average lifetime cost of $52 for natural gas plants and about $65 for coal.

Environmental rules and government subsidies are no longer the key drivers for clean power. Economics are.

That’s why Donald Trump will have limited influence on the U.S. utility industry’s push toward renewable energy, according to executives and investors. Companies including NextEra Energy Inc., Duke Energy Corp. and others that invest billions in power plants are already moving forward with long-term plans to generate electricity with cleaner and more economic alternatives.

“We said before the election that whoever is elected president, we would be continuing our efforts to go to a low-carbon fleet and also pursue renewables,” said Tom Williams, a spokesman for Duke, the second-largest U.S. utility owner.

Wind and solar have been the two biggest sources of electricity added to U.S. grids since 2014 as utilities closed a record number of aging coal-fired generators. Trump has derided clean energy and assailed environmental regulations that hinder jobs, while pledging to revive the mining industry. In an interview Tuesday, Trump softened his view, telling the New York Times that he has an ‘‘open mind’’ on the Paris climate accord and noting that “there is some connectivity” between human activity and climate change.

And it’s not just cost that makes clean energy attractive to utilities -- it’s time. A solar farm can go up in months to meet incremental increases in utility demand; it takes years to permit, finance and build the giant boilers and exhaust systems that make up a coal plant, and they can last for a generation. A four-year presidential term is hardly a tick in that energy clock, and companies are already planning projects that will commence after Trump leaves office, even if he serves two terms.

Wise investors will get out of coal and nuclear, and into wind and solar, as well as grid scale battery storage.

And now that Trump has killed all those pesky regulations that were heaped on the industry it is coming booming back. Just this month alone three Wyoming coal mines have hired back over 1,000 employees as the demand for the product again returns and orders have tripled.

Another 'alternative fact', stinky as ever.

Natural Gas Power Grows as Coal Continues to Decline

Natural Gas Power Grows as Coal Continues to Decline
Utilities are expected to bring another 36 GW of natural gas power plants online by the end of 2018. This expansion will follow five years of declining coal power plant capacity in the U.S. as low natural gas prices continue to challenge the coal fleet

Utilities are expected to bring another 36 GW of natural gas power plants online by the end of 2018, according to Short-Term Energy Outlook report published this month by the U.S. Energy Information Administration (EIA).

If these expected power plant additions occur, natural gas capacity will rise by ~8% by the end of 2018. According to the EIA's new report, this new capacity “could help natural gas maintain its status as the primary energy source for power generation [in the United States], even if natural gas prices rise moderately.”

This expansion will follow five years of declining coal power plant capacity in the United States as low natural gas prices continue to challenge the coal fleet. All told, the United States’ coal-fired power plant capacity fell by around 47 GW over the past 5 years, says the EIA. This is the equivalent of a 15% reduction in the country’s coal power plant fleet over this five-year period.

Published January, 2017

 

[Billy_Bob]

Economics to Keep Wind and Solar Energy Thriving With Trump

On the plains of West Texas, new wind farms can be built for just $22 a megawatt-hour. In the Arizona and Nevada deserts, solar projects are less than $40 a megawatt-hour. Compare those figures with the U.S. average lifetime cost of $52 for natural gas plants and about $65 for coal.

Environmental rules and government subsidies are no longer the key drivers for clean power. Economics are.

That’s why Donald Trump will have limited influence on the U.S. utility industry’s push toward renewable energy, according to executives and investors. Companies including NextEra Energy Inc., Duke Energy Corp. and others that invest billions in power plants are already moving forward with long-term plans to generate electricity with cleaner and more economic alternatives.

“We said before the election that whoever is elected president, we would be continuing our efforts to go to a low-carbon fleet and also pursue renewables,” said Tom Williams, a spokesman for Duke, the second-largest U.S. utility owner.

Wind and solar have been the two biggest sources of electricity added to U.S. grids since 2014 as utilities closed a record number of aging coal-fired generators. Trump has derided clean energy and assailed environmental regulations that hinder jobs, while pledging to revive the mining industry. In an interview Tuesday, Trump softened his view, telling the New York Times that he has an ‘‘open mind’’ on the Paris climate accord and noting that “there is some connectivity” between human activity and climate change.

And it’s not just cost that makes clean energy attractive to utilities -- it’s time. A solar farm can go up in months to meet incremental increases in utility demand; it takes years to permit, finance and build the giant boilers and exhaust systems that make up a coal plant, and they can last for a generation. A four-year presidential term is hardly a tick in that energy clock, and companies are already planning projects that will commence after Trump leaves office, even if he serves two terms.

Wise investors will get out of coal and nuclear, and into wind and solar, as well as grid scale battery storage.

And now that Trump has killed all those pesky regulations that were heaped on the industry it is coming booming back. Just this month alone three Wyoming coal mines have hired back over 1,000 employees as the demand for the product again returns and orders have tripled.

Another 'alternative fact', stinky as ever.

Natural Gas Power Grows as Coal Continues to Decline

Natural Gas Power Grows as Coal Continues to Decline
Utilities are expected to bring another 36 GW of natural gas power plants online by the end of 2018. This expansion will follow five years of declining coal power plant capacity in the U.S. as low natural gas prices continue to challenge the coal fleet

Utilities are expected to bring another 36 GW of natural gas power plants online by the end of 2018, according to Short-Term Energy Outlook report published this month by the U.S. Energy Information Administration (EIA).

If these expected power plant additions occur, natural gas capacity will rise by ~8% by the end of 2018. According to the EIA's new report, this new capacity “could help natural gas maintain its status as the primary energy source for power generation [in the United States], even if natural gas prices rise moderately.”

This expansion will follow five years of declining coal power plant capacity in the United States as low natural gas prices continue to challenge the coal fleet. All told, the United States’ coal-fired power plant capacity fell by around 47 GW over the past 5 years, says the EIA. This is the equivalent of a 15% reduction in the country’s coal power plant fleet over this five-year period.

Published January, 2017

I live here you fucking moron.. I see what is happening, I talk with mine staff and management every day. The report was published while your god obama was still in the white house. A lot has changed in the last 25 days... I see your oblivious to that change..

 

[Old Rocks]

And you have lied about so many things that nothing you say carries any credibility. Again, links.

 

[Billy_Bob]

you really are a halfwit...

And you have lied about so many things that nothing you say carries any credibility. Again, links.

What an ignorant little.......

Scream link and ignore the one I posted..

And then attack me personally without facts.

 

[Damaged Eagle]

Liberal colleges and universities should be banned from being allowed to invest in energy sources other than those they promote or they should have to pay a penalty for not investing in what they believe in. Sort of like paying a fine for not purchasing health care.

*****CHUCKLE*****