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Author Archives: hmcadmin

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PLEA Network
27 May 2015, Politico, ExxonMobil CEO mocks renewable energy in shareholder speech: The CEO of one of the world’s largest oil companies downplayed the effects of climate change at his company’s annual meeting Wednesday, telling shareholders his firm hadn’t invested in renewable energy because “We choose not to lose money on purpose.” “Mankind has this enormous capacity to deal with adversity,” ExxonMobil CEO Rex Tillerson told the meeting, pointing to technologies that can combat inclement weather “that may or may not be induced by climate change.” Read more here  
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24 May 2015, Los Angeles Times: Turning sewage into drinking water gains appeal as drought lingers. ‘s a technology with the potential to ease California’s colossal thirst and insulate millions from the parched whims of Mother Nature, experts say. But there’s just one problem — the “yuck factor.” As a fourth year of drought continues to drain aquifers and reservoirs, California water managers and environmentalists are urging adoption of a polarizing water recycling policy known as direct potable reuse. Unlike nonpotable reuse — in which treated sewage is used to irrigate crops, parks or golf courses — direct potable reuse takes treated sewage effluent and purifies it so it can be used as drinking water. It’s a concept that might cause some consumers to wince, but it has been used for decades in Windhoek, Namibia — where evaporation rates exceed annual rainfall — and more recently in drought-stricken Texas cities, including Big Spring and Wichita Falls. Read More here

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22 May FastFT: Axa to ditch coal investments by the end of 2015. Axa, one of the world’s largest insurers, has become the first global financial institution to shun investments in coal companies. The French group, which has more than $1trn in assets under management, will sell EUR500m of coal assets between now and the end of the year, its chief executive, Henri de Castries, said at a business and climate change conference in Paris on Friday, reports Pilita Clark, environment correspondent. It will also invest EUR3bn in renewable energy between now and 2020. The move makes the French group by far the biggest recruit to an international fossil fuel divestment campaign that aims to stigmatise the use of coal, oil and gas because of their impact on the climate. Read More here

 
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22 May 2015, euractiv: Biomass will play a critical role in Europe’s energy future. Biomass is the only renewable, affordable energy source available on-demand. European countries need to make sure it is sourced sustainably, writes Philip Lowe. Philip Lowe is former Director General for Competition (2002-2010) and Energy (2010-2014) at the European Commission. Since 2013, he is a non-executive director of the UK Competition and Markets Authority. He is writing in a purely personal capacity and his comments should not be interpreted as either reflecting or engaging the views of the European Commission or the UK CMA. Read More here

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