360° Coverage : Fossil Fuel Industry's Tired Battle Against Clean Energy Is...

10 Updates
Fossil Fuel Industry's Tired Battle Against Clean Energy Is Also A Losing One
Photo Credit: Forbes Business

Fossil Fuel Industry's Tired Battle Against Clean Energy Is Also A Losing One

Apr 12 2014, 9:46am CDT | by

By Jim Marston The assault on successful renewable energy legislation continues, long after the facts have proven that state renewable policies deliver clean, affordable, and reliable energy...

Filed under: news

 
 
 

15 weeks ago

Fossil Fuel Industry's Tired Battle Against Clean Energy Is Also A Losing One

Apr 12 2014, 9:46am CDT | by

By Jim Marston

The assault on successful renewable energy legislation continues, long after the facts have proven that state renewable policies deliver clean, affordable, and reliable energy solutions that the majority of Americans support. Apparently, the fossil fuel industry and its so-called “free market” allies didn’t get the memo.

There’s a great line in the opening scene of Ridley Scott’s 2000 blockbuster Gladiator where a soldier says to his general, as they are about to slaughter an overmatched foe, “People should know when they’re conquered.” The general replies, “Would you? Would I?”

So I can’t really blame the fossil fuel industry for fighting old battles in an effort to undo approaches that have increased investment in renewable energy in states around the country, created thousands of jobs, and continue to lower energy costs with each passing day.

The usual targets of their attacks are state laws that require a certain percentage of the state’s total energy generation to come from renewable sources like solar, wind, or hydropower. Ohio is the most recent battleground, where state legislators began hearing testimony last week on S.B. 310, a law that would freeze Ohio’s energy efficiency and renewable energy standards at their 2014 levels. Sometimes called renewable portfolio standards (RPS) or renewable energy standards (RES), these laws are in place in 30 states. They have not only proven economically successful across the country, but they are popular in both red and blue states alike.

Just last month, for example, a scientific poll found that Kansas’ 2009 renewable energy law enjoys overwhelming support across political lines: 73% of Republicans, 75% of Independents, and 82% of Democrats support the law. In fact, two-thirds of those polled said they would support increasing the state’s renewable energy law, even if it increased their energy bills.

This is Kansas, mind you – not California – whose State Legislature is virtually 100% conservative Republican.

In Texas, which is the largest generator of wind energy in the country, the Republican comptroller has touted the state RPS as an economic driver: “After the RPS was implemented, Texas wind corporations and utilities invested $1 billion in wind power, creating jobs…and increasing the rural tax base.”

Everyone knows that Texas’ history is deeply rooted in oil and gas. But the state RPS is popular among elected officials that have witnessed the remarkable economic boom it sparked. Texas has already surpassed the RPS goal set for 2015. More than 1,300 companies employ more than 100,000 Texans in industries directly and indirectly related to renewable energy.

The state’s Public Utilities Commission concluded that mass deployment of wind reduces the price of electricity for the entire market – each 1,000 MW of wind lowers the wholesale price of electricity by $2.38/MWh.

Colorado’s program has also been a success. The American Wind Energy Association estimates that the state’s RPS is supporting nearly 4,000 direct and indirect jobs and generating a billion dollars in capital investment along with millions in leasing revenue for landowners who benefit from the policy.

There are other analyses, too, that show that RPS laws actually reduce energy prices, and the overall cost of renewable energy continues to fall. Solar panel prices dropped 60% between 2011 and mid-2012 – and they continue to plummet. Austin Energy is in talks to purchase half a billion dollars of solar energy from SunEdison at an astoundingly cheap $50/MWh (for comparison, natural gas is currently priced at more than $65/MWh).

But still, the attacks keep coming, full of questionable studies from fossil fuel-funded think tanks.

I can’t blame them. I’ve been fighting for what I believe in for decades, and I’ve had more defeats than wins. But I never gave up, and neither will the fossil fuel companies. What’s different now, however, is that the evidence against them is so convincing that voters, energy customers, and most everyone else recognize that opposition to renewable energy is based on lost corporate profits. Cries of “higher energy costs” and “lost jobs” are no longer credible arguments against the clean energy revolution. They may never know they’ve been conquered, but everyone else will.

Jim Marston is Vice President, US Climate and Energy, for Environmental Defense Fund.

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was told ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was br ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishamm ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the south ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

8 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

8 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Must ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM20 millio ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Sche ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) tod ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Liberia reports new Ebola cases
Lagos, Aug 1 (IANS) The Liberian government has reported new Ebola cases as of July 28.
 
 
Japanese men's life expectancy over 80 years for first time
Tokyo, Aug 1 (IANS/EFE) The life expectancy of Japanese men stood at 80.21 years in 2013, the first time that men have gone past the 80-year mark in the Asian country, according to the country's ministry of health, labour and welfare.
 
 
Methane created mysterious Siberian crater: Study
London, Aug 1 (IANS) The mysterious crater spotted in the frozen Yamal peninsula in Siberia earlier this month was probably caused by methane released as permafrost thawed, Russian researchers say.
 
 
Why some people can cope with short sleep
New York, Aug 1 (IANS) Most people require seven to nine hours of sleep to have proper daytime functioning, but some people can function normally on less than six hours of sleep per night owing to a gene mutation, says a study.
 
 
 

Latest from the Network

Sandhu-Chinappa bow out of squash quarters
Glasgow, Aug 1 (IANS) Indian squash players Harinder Pal Sandhu and Joshana Chinappa bowed out from the mixed doubles quarter-finals when they lost 1-2 to New Zealand pair Martin Knight and Joelle King at the...
Read more on Sport Balla
 
Ray Winstone: I questioned by beliefs after Noah
Ray Winstone says filming 'Noah' made him question his beliefs. The 57-year-old actor - who starred opposite Russell Crowe in the biblical epic - admits playing Tubal-cain in the movie made him think more about his own...
Read more on Movie Balla
 
Chris Pratt shocked by Hollywood success
Chris Pratt is shocked by the attention he has received in Hollywood over the past 10 years. The 35-year-old actor admits he didn't expect to be as successful as he has become but he feels grateful for everything that...
Read more on Movie Balla
 
Six killed in Algeria earthquake
Algiers, Aug 1 (IANS) An earthquake measuring 5.6 on the Richter scale that shook this Algerian capital Friday morning has killed six people and injured about 420 others, according to the country's health ministry....
Read more on Politics Balla
 
India miss out on bronze in lawn bowls
Glasgow, Aug 1 (IANS) India narrowly missed on a medal in lawn bowls losing out to Australia in the men's fours bronze medal play-off match in the 2014 Commonwealth Games at the Kelvingronve Lawn Bowls centre here...
Read more on Sport Balla
 
Modi has tightly packed itinerary in Kathamandu
Kathmandu, Aug 1 (IANS) An address to Nepal's parliament -- the first by a foreign head of state after the restoration of parliamentary democracy in the Himalayan nation in 1990, and special prayers at the famed...
Read more on Politics Balla
 
Daniel Radcliffe movie premiere axed
Daniel Radcliffe was unable to walk the red carpet at the Mexican premiere of 'What If' because of crowd problems. The 25-year-old actor had been due to appear at the event yesterday (31.08.14) but Mexico City's civil...
Read more on Celebrity Balla
 
Karrueche Tran dumps Chris Brown
Karrueche Tran has ended her relationship with Chris Brown for good. The 26-year-old beauty is reportedly tired of her on/off boyfriend's ''immature'' ways and thinks he is ruining his life by putting partying ahead of...
Read more on Celebrity Balla
 
Kelly Rowland will focus on marriage
Kelly Rowland will focus on her husband when her baby is born. The 'Motivation' singer and her manager spouse Tim Witherspoon will welcome their first child, a son, into the world later this year and she says one of the...
Read more on Celebrity Balla