In today's Electrek Green Energy Brief (EGEB):
- The Keystone oil pipeline has spilled about 383,000 gallons of tar sand in North Dakota.
- Non-hydro green energy grew in the US by 6.15% compared to 2018.
- Senior banks in Credit Suisse say investments can & # 39; quickly go to zero & # 39; if companies ignore climate change.
- Gov. Mike Dunleavy (R-AK) and rep. Alexandria Ocasio-Cortez (D-NY) has Twitter "words" over the Green New Deal.
Electrek Green Energy Brief (EGEB): A daily technical, economic and political review / analysis of important green energy news.
Oil spill in North Dakota
The Keystone oil pipeline has spilled about 383,000 gallons of tar sand in northeastern North Dakota, according to North Dakota authorities on Thursday. The pipeline was closed on Tuesday after the crews discovered the leak.
TC Energy (formerly known as TransCanada), which owns the pipeline, said the leak affected 22,500 square feet of land or, in a statement that seems to negate the event, "less than half the size of a football field. We don't want the exact figure until oil recovery is complete. "
According to PBS, Karl Rockeman, North Dakota's director of water quality, "said some wetlands were affected, but no sources of drinking water. Regulators have been on the site since Wednesday afternoon and monitored spills and cleanup," he said. The $ 5.2 billion Keystone pipeline, first used in 201
This is not the first time the Keystone pipeline has burst a leak. In 2011, it lost more than 14,000 liters of oil in southeastern North Dakota, and in 2017 it leaked around 407,000 liters of oil in northeastern South Dakota.
EI Report: US Green Energy Grows
October Report from the US The Energy Information Administration (EIA), "Electric Power Monthly," is out, containing data for August 2019.
According to the report, green energy accounted for 18.49% of US electricity production to Augu st 2019, up from 17.95% in 2018.
And Clean Technica explains:
Non-hydro renewable energy accounted for 11.44% of total US electricity generation during the first two-thirds of 2019, and grew by an impressive 6.15% compared to the same period last year.
Solar grew by 13.7% to August Compared to the same period in 2018, 2019 constituted just over 2.7% of total electric power generation in the United States
Wind energy increased by 4.4% to August 2019 and amounted to 6.94% of all US electricity.
There was a 5.2% reduction in hydropower production. Atomic-generated electricity fell by 0.6%, and coal-generated electricity fell by 13.9%. But natural gas, also a fossil fuel, replaced part of the coal's decline as it grew by 6.5%.
Credit Suisse Leader's Warning to Fossil Fuel Sector
Marisa Drew, Head of Credit Suisse's Impact Assessment and Finance Division, spoke with Yahoo Finance UK at the One Young World Summit in London last week. She had this to say about the gas and oil sector:
If someone has not priced himself in the risk, you can easily see that something that seems like a great investment quickly goes to zero.
Let's take the energy sector for a second. There will come a day when the world can be 100% dependent on alternative energy. If you are in an old school energy business and we hit the moment we switch, guess what? The value of these old-school investments is not going to be worth much.
Increasingly if you are an asset manager, will the people who give you the money know what you are doing with it, is it invested in an environmentally friendly way?
As an individual, many of our clients now want to do something positive, not only in philanthropy and with the daily action, but with their investments. All these forces come together.
Alaska Governor sees Green New Deal as a threat
Governor Mike Dunleavy (R-AK) told Representative Alexandria Ocasio-Cortez (D-NY) on Twitter that Green New Deal would "Destroy Alaska's economy."  Your Green New Deal would ruin Alaska's economy.
I invite you to visit Alaska, and I can personally show you how we responsibly develop America's natural resources better than anyone else. You are welcome anytime. https://t.co/mgQCHi7nX6ebrit19659009??— Governor Mike Dunleavy (@GovDunleavy) October 29, 2019
(By the way, the Governor's Twitter feed is "protected" – you need to approve his administrators to see I don't think I've ever seen another public servant do this – I'd be curious if anyone else did.)
It's no surprise Dunleavy would feel that way; according to the US Energy Information Administration:
- Alaska is one of the top five crude oil producers in the nation, and the state's oil production in 2017 was the highest in three years.
- Alaska ranks third in the nation in natural gas extraction, but most of the state's gas production is injected back into the oil field to help maintain crude oil production rates.
- Because of Alaska's harsh winters, energy-intensive industries and small population, the state's per capita energy consumption is the third highest in the nation, after Louisiana and Wyoming.
So the AOC had this to say in response to Dunleavy:
The climate crisis threatens our way of life, and we must decarbonize our economy and lifestyle to save the planet.
I wish it wasn't such a bad situation, but previous generations were unable to act, and now young people have to take care of the science of our future and create opportunities.
– Alexandria Ocasio-Cortez (@ AOC) [1 9459018] October 29, 2019
Maybe Dunleavy might want to explore using all this land to work to create jobs in the green energy sector, rather than destroy his beautiful wilderness – not to mention the residents' health – for the grandsons of the Alaskans?
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