Divestment

January 21, 2022

EU Clean Energy Move Divides Member Countries

The European Union (EU) has proposed classifying some nuclear power and natural gas plants as green investments to help the continent meet its aggressive carbon reduction targets. Several member countries have applauded the move, while others are fiercely criticizing it.   “The Commission considers there is a role for natural gas […]
January 13, 2022

Alabama Power Continues Its Commitment to Solar Energy

In December, Alabama Power Company announced it had teamed with Mercedes Benz U.S. International to build a new solar energy facility in Lowndes County, AL. The 80 MW facility will be the fourth addition to the utility’s Renewable Generation Certificate program aimed at increasing renewable energy in the state.  The […]
January 6, 2022

Utilities Leading the Way On EV Growth

Energy Fairness has consistently supported electric vehicle (EV) growth while maintaining that power grid reliability must remain a priority. While EVs will account for 20 million cars sold annually by 2030, only 10,000 public fast-charging stations exist in the U.S. That number will need to increase ten-fold to account for […]
December 16, 2021

Golden State PUC Proposes Sensible Net Metering Reforms

On Monday, the California Public Utilities Commission (CPUC) proposed common-sense reforms to the state’s policy on net metering.   This policy refers to situations where rooftop solar consumers are paid for excess electricity they produce and sell into the grid.  In Monday’s released proposal,  the CPUC couldn’t have been more […]
December 15, 2021

Energy Fairness Remembers Board Member Harry Alford, Founder of the National Black Chamber of Commerce

On December 6th, we learned of the unfortunate passing of Harry Alford, a member of our board of directors and President/CEO of the National Black Chamber of Commerce. Harry was a massively influential leader in empowering African American businesses, earning a spot at the table at the White House and […]
December 10, 2021

Texas Still Not Ready for Winter

Last February, we covered the failure of the Texas energy grid during Winter Storm Uri, which plunged millions of Texans into darkness. The state’s grid was caught off-guard by inadequate access to frozen natural gas facilities, record peak demand, and, frankly, a grid that just wasn’t prepared. The result?  Not […]
December 3, 2021

Proposed natural gas tax would hurt Colorado ratepayers

ICYMI: Energy Fairness Executive Director Paul Griffin authored an article in The Sentinel Colorado on the proposed natural gas tax in the Build Back Better Act recently passed by the House of Representatives. The original piece can be viewed here. The House of the Representatives just passed on Nov. 19 a […]
November 23, 2021

Giving Thanks more than ever.

As Americans, most of us have a laundry list of things to be thankful for this Thanksgiving, particularly as we emerge from almost two years of a pandemic. Whether it’s a warm bed, food on the table, or the return of steady work to pay the bills, the modern standard […]
November 18, 2021

MIT Study Underscores Importance of Diablo Canyon

We’ve written many times about California’s Diablo Canyon, the state’s last nuclear facility, whose closure might have disastrous effects on the state’s fragile power grid. Now, an MIT study underscores Energy Fairness’ position that closing the plants is a mistake for both California’s clean energy goals and energy consumers. But […]
November 16, 2021

President Signs Infrastructure Bill – Includes Billions for Grid and EV buildout.

Yesterday, President Biden signed the bipartisan Infrastructure Investment and Jobs Act into law. This $1.2 trillion generational investment in critical infrastructure includes $65 billion for building out the grid and a national EV charging station network and $50 billion for enhancing resiliency to cyber-attacks and catastrophic weather events. But, unfortunately, […]
November 10, 2021

High Prices Threaten Solar Growth

Although some might not have noticed in the midst of Covid-19, 2020 saw some of the lowest solar panel prices ever witnessed. Utilities responded, resulting in record-breaking installations this past year. However, like most other in-demand products, the cost of solar panels has skyrocketed during the pandemic. How will the […]
November 4, 2021

Winter Energy Supply Crunch Highlights Coal’s Importance

Natural gas shortages have wreaked havoc on global energy prices in recent weeks. While the U.S. has mostly been shielded from the kinds of skyrocketing prices that Europe and Asia have faced, the Energy Information Administration (EIA) expects energy costs to rise significantly this winter. Power grid operators are responding […]
December 12, 2017

Rhetoric Without Reason: The Dangers of Divestment

Over the past several years, PACE has reported on the energy stock divestment movement, noting this misguided social activism’s potential to weaken university endowments and spread misinformation about energy. Today, we are releasing a new paper describing a renewed and expanded divestment push, now also aimed at pension funds and […]
January 23, 2018

Pension Divestment Policy Wrong Fit for San Francisco

Following up on our December report “Rhetoric without Reason: The Dangers of Divestment” PACE wrote to the San Francisco Employees’ Retirement System Board to oppose the adoption of a divestment policy in a vote scheduled for January 24.    Dear SFERS Board: I would like to express my opposition to […]
February 2, 2018

Trading Away Common Sense

Yesterday, PACE commentary was featured in Morning Consult. The content of our op-ed, part of a continuing focus on harmful and misguided energy divestment and defunding campaigns, is below.  Environmental activists, driven by self-interests and profoundly mistaken beliefs about financial markets and energy policy, are pressuring citizens, public officials and corporate boards […]
December 11, 2019

Fossil Fuel Divestment Is a Bad Move for Retirees

Fossil fuel divestment has been become a popular rallying cry for climate change change activists over the years, but as we’ve written before, divestment can be a dangerous move.   A few months back, around 40,000 activists descended on Manhattan, marching with a goal of convincing New York State Comptroller […]
December 9, 2020

U.S. Acts to End Banks’ Blackballing of Energy Projects

In August, we discussed the dangers of the American banking industry picking winners and losers for energy development. Banking boycotts of energy projects have worked to starve U.S. fossil fuel companies of needed capital, ultimately raising prices for consumers. Over the past year, several of the largest U.S. banks have […]