Extraction Oil & Gas lost control of its midstream subsidiary as it tumbled into Chapter 11 bankruptcy

By Greg Avery  – Senior Reporter, Denver Business Journal Extraction Oil & Gas lost ownership of a midstream pipeline subsidiary worth hundreds of millions of dollars just before Extraction’s slide into bankruptcy. And the Denver-based oil company may have to pay its former business tens of millions of dollars for infrastructure north of the Denver metro area, company bankruptcy and U.S. Securities and Exchange …

In 30 years from now, on the current path, almost half a million existing homes will be on land that floods at least once a year

Rising seas threaten an American institution: The 30-year mortgage The New York Times | Christopher Flavelle Up and down the coastline, rising seas and climate change are transforming a fixture of American homeownership that dates back generations: the classic 30-year mortgage. Home buyers are increasingly using mortgages that make it easier for them to stop making their monthly payments and …

Are utilities operating to provide service and support the public interest or are they maximizing their own profit? Are rates fair and reasonable? Have investments had risk? If utility operates imprudently, favoring shareholder interests, then shareholders will face the costs for unforeseen circumstances.

Questions for consideration in Colorado… The current level of return is not “necessary to provide service” – Boulder’s 2018 RFIP shows what is available on the open market. Meanwhile, an excerpt from 2019 document on Managing Stranded Assets and Transitioning Off Gas in California, by EDF and Yale Law Students: Under the general regulatory compact for utilities in California, the …

RMI advocates debt forgiveness for recovery, linked with decarbonization

Forgive or reduce that debt burden, by an amount dependent on the (verifiable and additional) emissions reductions they achieve. In fact, we can apply the same approach to incentivize emissions reductions across all entities whose debt is held or issued by any government entity. If such an approach was augmented by dedicated loan guarantees or financing to bring down debt …

The bright side of the current farm crisis:an opportunity for change

Most are looking for answers. They are looking for ways to survive in a changing agricultural environment—no matter what its cause, wondering what those solutions to the current system might look like. Increased cost of living—up 14% over the last 4 years— has hit farmers hard. Although family farms account for 97 percent of farms in the United States, the …

Debt-migration connection from Africa to Europe

By Vijay Prashad, Independent Media Institute, Globetrotter November 5, 2019 | EDUCATE! Above Photo: Kevin Van den Panhuyzen/Flickr If you ask African migrants in Europe who came across the Mediterranean Sea in a boat if they would make the journey again, most of them would say “yes.” Many of them had been in vans and trucks that took them across the dangerous Sahara Desert, …

Household debt is now $869 billion higher than the $12.68 trillion peak it hit in 2008: Raising the minimum wage to $15 an hour, canceling most student loan debts, offering free public higher education, and making child care affordable would help

Excerpt from Common Dreams, July 2019 “Warning Lights Are Flashing” “The country’s economic foundation is fragile. A single shock could bring it all down,” Elizabeth Warren wrote recently. “And the Trump administration’s reckless behavior is increasing the odds of just such a shock.” Among the potential triggers she laid out is the level of household debt. Warren referenced recent data …