As part of effort to reduce its carbon emissions, luxury brand LVMH says its French facilities' electricity will be 100% renewable by the end of the year. The company faces challenges in making sustainability go hand in hand with luxury items.
Experts say companies that make social responsibility a core part of their projects help fight "happiness decay" in their employees. To keep valuable employees committed to the company, several organizations pay extra for their work on social projects and give staff a say in which causes the company supports.
The Bureau of Ocean Energy Management has prequalified nine companies to participate in its 1.5-gigawatt offshore wind leasing round in North Carolina scheduled for March 16, according to the agency. "The lease sale underscores the growing market demand for renewable energy and strong industry interest in meeting that demand," said Interior Secretary Sally Jewell.
Colorado has found the perfect balance between fossil fuels and clean energy development, Gov. John Hickenlooper said. "With the support of both Republicans and Democrats, we have quadrupled the amount of energy we get from wind and sun in recent years," said Hickenlooper, adding that the state's clean energy industry employs about 60,000 people.
The falling cost of renewables combined with an increased focus on sustainability are two of the reasons major industry companies such as Corning, Procter & Gamble and Dow Chemical are interested in power purchase agreements with wind and other renewables, according to this analysis. Observers argue that the third major driver is risk management because fixed-price PPAs offer companies stability in an otherwise volatile electricity market.
Enel Green Power has entered into master supply agreements with three "top-tier" turbine manufacturers for a series of US wind farms that will have a combined capacity of 3.5 gigawatts. "This purchase further strengthens our position in the market as a leader in renewable energy and will also lead to millions in local economic investment and the creation of thousands of jobs as we execute the construction and operation of these plants," said Enel Green Power North America CEO Rafael Gonzalez.
The Long Island Power Authority is expected to vote on proposed 90-megawatt offshore wind farm from Deepwater Wind this month, according to the utility. Deepwater CEO Jeff Grybowski said the vote is scheduled for Jan. 25.
Wind farms play an important role in Nebraska's economy, stabilizing rural communities and providing people with reliable employment, according to this analysis. A wind turbine on one's property is "a significant income stream that maybe will help enhance the profitability potential of your farm," said Keith Dittrich, a farmer from Tilden, Neb.
The Western Area Power Administration has issued a record of decision choosing a path for TransWest Express' proposed TransWest Express Transmission project, according to the utility. TransWest said the 3-gigawatt line would carry wind from Wyoming to southern Nevada.
The US needs an objective, all-of-the-above approach to energy generation that includes wind and solar, as well as fossil fuels, said Interior Secretary nominee Rep. Ryan Zinke, R-Mont., to the Senate Energy and Natural Resources Committee on Tuesday. During the hearing, he added that climate change is a real issue and he believes humans have had some role in it.
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