https://www.forbes.com/sites/energyinnovation/2022/03/15/so-...
> U.S. coal power capacity peaked in 2011 at more than 317 gigawatts (GW), but steadily declined nearly 30% ever since, hitting a record high of 19.3 GW closed in 2015 and 13.1 GW closed in 2020. For context, coal’s share of U.S. electricity generation has plummeted from 50% a decade ago to less than 20% today.
> But the fundamental economic pressures pushing coal out of the U.S. electricity mix remain unchanged – 80% of existing coal plants across the country cost more to continue running than replacing them with new local wind or solar generation. Plant closure announcements have resumed their march to zero, with the U.S. Energy Information Administration (EIA) reporting 12.6 GW of coal capacity will close in 2022, representing 85% of all electric generation capacity retirements this year.
> Coal’s outlook is even more grim over the next several years. S&P Global Market Intelligence reports utilities will close 51 GW of coal power between 2022 and 2027, followed by a “record plunge” in 2028 with more than 23 GW scheduled closures. Federal rules to keep coal ash and toxic metals out of drinking water will take effect that year – regardless of Supreme Court decisions on the U.S. Environmental Protection Agency’s authority to regulate greenhouse gas emissions – and many utilities are not investing in compliance upgrades for plants that keep losing money.
This will the the first year since 1959 that USA has not held offshore Gas and Oil lease auctions.
You think fuel is expensive now? Wait until that decision catches up with supply.
https://www.washingtonpost.com/climate-environment/2022/05/1...
Americans are sick and tired of socialists and virtual signaling.
https://www.pewresearch.org/science/2020/06/23/two-thirds-of... (Two-Thirds of Americans Think Government Should Do More on Climate)
> Most Americans also support tougher restrictions on power plant emissions (80%), taxing corporations based on the amount of carbon emissions they produce (73%) and tougher fuel-efficiency standards for automobiles and trucks (71%). Partisan divides are wider on these three policies, with Democrats much more supportive than Republicans. Still, about half or more of Republicans say they would favor each of these policies, including 64% who back tougher emission standards for power plants.
> Reducing reliance on carbon-based fuels is viewed by climate advocates as a critical step to preventing the worst impacts of climate change. The survey finds a broad majority of Americans (79%) say the more important priority for the country is to develop alternative sources, such as wind and solar; far fewer (20%) say the more important energy priority is to expand the production of oil, coal and natural gas. Views on this question are about the same as they were in October 2019, the first time the measure was asked on Pew Research Center’s online American Trends Panel.
https://en.wikipedia.org/wiki/Phase-out_of_fossil_fuel_vehic... (Jurisdictions with planned fossil fuel vehicle restrictions)
https://about.bnef.com/electric-vehicle-outlook/ (BloombergNEF Electric Vehicle Outlook 2022)
> EVs of all types are already displacing 1.5 million barrels per day of oil usage, equivalent to about 3% of total road fuel demand.
> 2027 Peak year for road transport oil demand
https://www.fastcompany.com/90704940/was-2021-the-tipping-po... (Fast Company: Was 2021 the tipping point for fossil fuel divestment?)
> There are now $39.2 trillion in assets under management, across 1,485 institutes, committed to be divested from fossil fuels, that report found—up from $52 billion across 181 institutions in 2014. That amount is larger than the U.S. GDP, which is around $20.9 trillion. And the rate of institutions making pledges to divest has grown, too; the first three years of the movement saw 181 public commitments, per the report, while the past three years have seen 485 new commitments.
Instead, he decided to pursue it in a very undemocratic and unpragmatic way, by wildly reinterpreting laws. Such arrogance.