Posts filed under ‘Energy’

Bank Funding of Fossil Fuels Soars

Banking on Climate Change 2018 is the ninth annual report that ranks bank policies and practices in funding fossil fuel production and extraction, including drilling for oil in tar sands, the Arctic and in deep water. The report examines 36 private banks from the U.S., Canada, Europe, Australia, Japan and China, and breaks down how much funding is going to different fossil fuel subsectors and companies.

This year’s numbers saw an 11 percent jump in funding, from $104 billion in 2016 to $115 billion in 2017, with the tar sands sector holding the biggest responsibility for the increase, along with continued financing in coal. In tar sands alone, bank lending and underwriting to tar sands oil extraction and pipeline projects grew by 111 percent from 2016 to 2017, reaching $98 billion. The three banks that contributed are the Royal Bank of Canada, TD Bank and JPMorgan Chase.

Read Bank Funding of Fossil Fuels Soars by Katherine Wei at Ecowatch.

 

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April 2, 2018 at 11:01 am Leave a comment

Top 10 Energy Efficiency Tips for the Home

In this story, we look at both of the modest and extensive ways you can improve your home’s efficiency—small and big steps that can add up to big savings, and a significantly reduced carbon footprint.

To assemble our list of top ten actions you can take, we accompanied EnerGuide for homes auditor Jeff Paton as he conducted an EnerGuide assessment of Brian and Laura Finley’s 1956 home in Edmonton, Alberta. Then we pushed beyond the EnerGuide assessment and put together this list of the top 10 ways to improve the energy efficiency of your home.

Read Top 10 Energy Efficiency Tips for the Home by David Dodge and Scott Rollans at Green Energy Futures.

March 14, 2018 at 11:38 am Leave a comment

Ontario Investing in Energy Efficient Improvements for Social Housing

File:Ontario-wordmark.svgOntario is upgrading energy efficiency of social housing and improving living conditions for residents while fighting climate change through a new program from the Green Ontario Fund, a non-profit provincial agency funded by proceeds from the province’s cap on pollution and carbon market.

Chris Ballard, Minister of the Environment and Climate Change, was joined today by Peter Milczyn, Minister of Housing and Parminder Sandhu, Green Ontario Fund board chair, to announce the launch of the GreenON Social Housing program.

Along with existing provincial programs designed for larger social housing buildings, this new program will help improve the energy efficiency of social housing apartment buildings with fewer than 100 units across the province.

Improvements will include upgrades to energy-efficient heating and cooling systems, windows, lighting and insulation. These renovations will also improve the living conditions for low-income and vulnerable tenants and the long-term sustainability of buildings.

Read the full release: Ontario Investing in Energy Efficient Improvements for Social Housing

February 12, 2018 at 11:50 am Leave a comment

Ontario Making it Easier to Charge Electric Vehicles

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Ontario is making it easier to use electric vehicles to get to and from work by assisting employers, commercial building owners and managers to install charging stations at their workplaces. This investment is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s cap on pollution and carbon market.

The province will support employers and commercial building owners that wish to offer electric vehicle charging for their employees or tenants by helping with the cost of installing charging stations. This program supports Ontario’s ongoing work in communities across the province to increase the number of electric vehicle charging stations and make it easier for people to use electric vehicles.

The Workplace Electric Vehicle Charging Incentive Program will provide 80 per cent of the capital costs to install level 2 chargers, up to $7,500 per charging space.

Read the full news release: Ontario Making it Easier to Charge Electric Vehicles

January 17, 2018 at 12:08 pm Leave a comment

Green Ontario Fund Offering Rebates for Energy-Efficient Renovations

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Ontario families can now access rebates to complete low-carbon, energy-efficient renovations to their homes through a new program from the Green Ontario Fund, a non-profit provincial agency funded by proceeds from the province’s cap on pollution and carbon market.

New GreenON Rebates will cover:

  • Up to $7,200 off new insulation and a $100 rebate for air sealing
  • Up to $20,000 to install ENERGY STAR certified ground source heat pumps (home geothermal) or up to $4,500 to repair existing heat pump systems
  • Up to $5,800 off air source heat pumps that are ENERGY STAR certified or meet program requirements
  • Up to $5,000 for replacement windows that meet program requirements

Read the full media release:  Green Ontario Fund Offering Rebates for Energy-Efficient Renovations

December 18, 2017 at 11:56 am Leave a comment

World Bank to end financial support for oil and gas exploration

The World Bank will end its financial support for oil and gas exploration within the next two years in response to the growing threat posed by climate change.

In a statement that delighted campaigners opposed to fossil fuels, the Bank used a conference in Paris to announce that it “will no longer finance upstream oil and gas” after 2019.

The Bank ceased lending for coal-fired power stations in 2010 but has been under pressure from lobby groups also to halt the $1bn (£750m) a year it has been lending for oil and gas in developing countries.

The Bank said it saw the need to change the way it was operating in a “rapidly changing world”, adding that it was on course to have 28% of its lending going to climate action by 2020. At present, 1-2% of the Bank’s $280bn portfolio is accounted for by oil and gas projects.

Read World Bank to end financial support for oil and gas exploration by Larry Elliot at The Guardian.

December 13, 2017 at 11:55 am Leave a comment

Electric Cars 101: The Answers to All Your EV Questions

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Once a high-tech novelty, electric cars are becoming increasingly common. In fact, several models from mainstream brands have now been sold for years. But many consumers have limited exposure to electric vehicles (commonly known as EVs) and may have many questions about whether an electric car might fit into their lives.

This guide is a basic primer that can help you determine whether going electric is the right move.

Read Electric Cars 101: The Answers to All Your EV Questions at Consumer Reports.

November 20, 2017 at 11:48 am Leave a comment

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