Though fracking enabled the U.S. to finally re-achieve the long held conservative dream of energy independence, the ever-increasing volume of fracked fossil gas flowing out of the U.S., has led to an international glut as prices continue to fall. Now neck-deep in debt and historically unprofitable, pure play gas frackers are starting to struggle. Mass bankruptcies, shut-ins, and layoffs are likely. But Trump’s evisceration of environmental protection laws combined with ludicrously low liability bonds virtually ensures the public will be stuck with the clean up bill. Michael Buchsbaum explains.
Americans in some states are realizing the benefits of renewables. Better than in Europe: it saves low-income people money. But its overall numbers are still comparatively small. Paul Hockenos takes a look at the development
The Green New Deal (GND) pact embraced by scores of US Democrats is chock- full of vibrant ideas and urgent policy considerations. It’s right that with the climate crisis accelerating faster than scientists predicted and our window to curb it narrowing, we have to think big – indeed something at least as sweeping in scope as the New Deal recovery program of the 1930s. Paul Hockenos reports
On a high-speed, zero-emissions vessel, Greta Thunberg arrived in the
U.S. from Europe on August 29 – a masterpiece of symbolism and PR savvy, the kind which by now we’ve come to expect from the Swedish teenager and her fellow activists in the Fridays for Future movement. In the space of just one short year, their audacious “school strikes” on Fridays have prompted a startling reality check among citizens and politicos in much of Europe and beyond, including German chancellor Angela Merkel – but, alas, not in the US. Paul Hockenos reports
As utilities across Europe make the switch from coal to gas, CO2 emissions there are falling. But on the other side of the Atlantic, ever-rising fracking production deteriorates air and water quality, impacting public health. Buchsbaum reports from Colorado where ozone and other industry associated pollutants regularly makes outdoor exercise dangerous.
Under pressure from Trump, just weeks ahead of the European Parliamentary elections, the EU Commission signed a long-term agreement locking in at least 20-years of imported fracked Liquid Natural Gas (LNG) shipments. Despite hundreds of international environmental groups warning this will torpedo the goals of the 2015 Paris Climate Accords and retard plans to decarbonize Europe, EU President Juncker and Vice-President Maroš Šefčovič are hailing the deal as part of the continent’s on-going clean energy transition. L. Michael Buchsbaum takes a look.
Multi-lingual, multi-cultural and multi-ethnic, over 400 million voters Europeans from 28 member states are poised to elect a new Parliament and European Commission President. Given its lead position on climate and energy issues, and under pressure to accept more American fracked fossil gas, their decision will have global ramifications. L. Michael Buchsbaum takes a look.
There’s real momentum on the Democrats’ left to launch the green blueprint into America’s mainstream. It’s not a completely crazy idea, says Paul Hockenos.