“Buying and shutting down old, inefficient coal plants is unprecedented in America. I’m very proud of our employees for proposing this innovative approach that’s environmentally beneficial and saves customers millions of dollars.”

– Florida Power & Light President and CEO Eric Silagy, on the utility’s announcement that it will shut down its 292-megawatt, coal-fired Cedar Bay Generating Plant – only 22 years old – on New Years Eve, cutting 1 million tons of carbon pollution and saving customers $70 million.

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Image: Florida Dept. of Environmental Protection via Clean Technica

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“Cities can help shift the culture so there is more support for renewable energy at the state level and around the country.”

– Traverse City, Michigan Mayor Jim Carruthers regarding city council approval of a resolution to shift all of the city’s operations to 100 percent renewable energy by 2020. Currently, the city utility gets 43 percent of its electricity from coal,11 percent from renewables, 9 percent from natural gas and 37 percent through market purchases.

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America’s heartland is embracing wind

America’s heartland is embracing wind

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Across America’s heartland, a dramatic shift is taking place on the energy landscape. In Kansas, Nebraska, North Dakota, Oklahoma, South Dakota, and Texas, there has been a historic increase in wind generation, while reliance on coal to generate electricity is...
“Our customers mining for coal, oil and gas, as well as those in coal-fired electricity generation and related industries, are increasingly exposed and may experience transition risk as a result of decreasing demand for fossil fuels and increasing demand for clean energy.”

– Statement in the 2016 Corporate Sustainability Report for ANZ, one of Australia’s largest banks.

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U.S. now a player in offshore wind

U.S. now a player in offshore wind

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The first offshore wind farm in the United States has opened off the coast of Rhode Island, ushering in a new era in the U.S. for the industry. Deepwater Wind built five turbines 3 miles off the coast to power about 17,000 homes. The project cost about $300 million....
“Divestment is speeding up the clock on the final accounting that will show fossil fuels are out and clean energy is in.”

– Former Mobil Oil executive Lou Allstadt, quoted in The Guardian in reaction to a report by Arabella investment advisors showing that the value of investment funds worldwide that are committed to selling off coal, oil and natural gas assets has jumped to $5.2 trillion, doubling in just over a year.

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Source: Arabella Investment Advisors

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