February 24 NEC Energy News
¶ “Oil Hits $100, US Stock Futures Slide After Putin Announces Military Operation In Donbas” • Brent crude oil hit $100 a barrel and stock futures fell sharply Wednesday after blasts were heard in Ukraine and Russian President Vladimir Putin announced a military operation in Donbas. Dow futures lost nearly 700 points, or about 2%. Nasdaq futures dropped 2.7%. [CNN]
¶ “Experts: Ukraine’s Nuclear Power Reactors On The Front Lines Threaten Another Disaster ‘On Par’ With Chernobyl” • An organization of US and Russian physicians warned that a military conflict involving the two powers in Ukraine risks a nuclear “catastrophe” that could have horrific effects on all of Europe, and potentially the entire planet. [Raw Story]
¶ “Indiana Lawmakers Pass ‘Baby Nukes’ Bill And Send It To The Governor” • In a vote of 70 to 22, the Indiana General Assembly has overwhelmingly passed a bill that would allow electric utilities to build small modular reactors. It is a move that could pave the way for commercial nuclear power in the state for the first time. [Indianapolis Business Journal]
¶ “European Renewable Energy Firm Plans To Invest $10 Billion In Singapore By 2030” • EDP Renewables, the world’s fourth largest renewable energy producer, will invest $10 billion by 2030 to establish its Asia-Pacific headquarters in Singapore, while continuing to develop new clean energy projects across the region, the company said. [The Straits Times]
¶ “Net-Zero Energy Blok-By-Blok: Lower Emissions And Costs With Net-Zero Energy Modules” • A report from Blokable, the Wells Fargo Innovation Incubator, and the National Renewable Energy Laboratory details actionable pathways to building net zero energy housing while reducing greenhouse gas emissions without increasing costs. [CleanTechnica]
¶ “USPS Finalizing Plan To Replace Fleet With 90% Gas-Powered Vehicles” • The US Postal Service is moving ahead with a plan to replace its current fleet with 90% gas-powered trucks and 10% battery EVs, after the EPA and White House objected and asked for further study of the emissions impact. Postmaster General Louis DeJoy said more EVs are not funded. [CNN]
¶ “The Biggest Offshore Wind Lease Auction In US History ‘Showcases Booming Demand’ For Clean Power” • The Interior Department opened a record-breaking auction of offshore wind leases for six areas in the New York Bight that will provide clean electricity to New York and New Jersey. The lease sales so far raised more than $1 billion. [Environment America]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.