December 12 NEC Energy News
¶ “Making Oil Is More Profitable Than Saving The Planet. These Numbers Tell The Story” • Oil companies have long been under pressure to invest more money into renewable energy to help fight climate change. Here’s one simple reason why they don’t: They make a lot more money selling oil. That leaves them with little reason to save the planet. [WGCU]
¶ “Global Nuclear Power Faces Unprecedented Challenges” • The World Nuclear Industry Status Report outlined severe challenges faced by the global nuclear power sector. The report, covering developments up to mid-2023, highlights a significant decline in nuclear production, with its share dropping to the lowest point in four decades. [Power Technology]
¶ “Pritzker Signs Law Lifting Moratorium On Nuclear Reactors” • Governor JB Pritzker signed legislation lifting the moratorium on development of nuclear reactors in Illinois. Smaller nuclear reactors producing less than 300 MW will be allowed beginning January 2026. Morris Republican Senator Sue Rezin sponsored the proposal. [WGN]
¶ “House Passes Bill Barring Imports Of Russian Uranium For Nuclear Power” • The House passed legislation that would bar imports of Russian uranium for nuclear power plants. It was passed by a voice vote with bipartisan support. Republican Rep Cathy McMorris Rodgers (Wash) and Democrat Rep. Frank Pallone (NJ) spoke in favor of the bill. [The Hill]
¶ “Dual-Use Solar Makes Best Use Of Renewable Energy And Farmland” • New York is looking at ways to impliment dual-use solar by combining solar panels with other land uses, ranging from shade canopies for cars or a house’s awning to common agrivoltaic practice. Crops are still being grown on land where solar panels are installed. [Public News Service]
¶ “‘Verge Of Complete Failure’ Climate Summit Draft Drops The Mention Of A Fossil Fuel Phase-Out, Angering Advocates” • In Dubai, climate advocates are warning the COP28 climate summit could be on the verge of failure after the latest draft of the core agreement removed a call to phase out fossil fuels, the one thing most driving the climate crisis. [CNN]
¶ “Climate Summit In Dubai Headed For Overtime As Fury Over Fossil Fuels Widens Divide” • International negotiators at COP28 are preparing for a long day of painstaking negotiations that are likely to stretch into overtime, as deep divisions remain over whether to phase out fossil fuels. Climate advocates are furious at the weak draft agreement. [CNN]
¶ “UN Climate Talks In Jeopardy In Fossil Fuel Backlash” • The UN climate talks in Dubai could be in jeopardy after a number of nations reacted furiously to a draft deal on fossil fuels they call “weak.” The draft removed language from an earlier text urging that fossil fuels could be “phased out.” Unless all 198 countries at the talks agree, there is no deal. [BBC]
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