Utilities: The just-and-reasonable standard requires prudence—operating at lowest feasible cost. Further, the prudence obligation is a continuing obligation and the utility has an obligation to prove it.

From testimony of Scott Hempling in Joint Application of Wisconsin Electric Power Company and Wisconsin Gas LLC, for Authority to Adjust Electric, Natural Gas, and Steam Rates                                                       Docket No. 5-UR-109 The just-and-reasonable standard requires prudence—operating at lowest feasible cost. The just-and-reasonable standard requires that test-year costs be consistent with long-term prudence. The prudence obligation is a continuing obligation. A utility …

Fall 2020 federal public banking proposal

Rashida Tlaib and AOC have a proposal for a fairer, greener financial system — public banking Released on Oct 30, the bill would foster the creation of public banks across the country by providing them a pathway to getting started, establishing an infrastructure for liquidity and credit facilities for them via the Federal Reserve, and setting up federal guidelines for …

The growing concern over stranded assets

September 10, 2019, GreenBiz, by Joel Makower For years, the concept of “stranded assets” seemed largely hypothetical and abstract, a far-off concern of climate advocates and progressive investors that climate change could obliterate trillions of dollars of corporate value, if not turn assets into liabilities. As with so many climate-related topics, the hypothetical is rapidly turning into the hypercritical. Along the …

We need an international movement of progressives to counter the fake opposition between two variations of globalised authoritarianism (neoliberal establishment and Nationalist reactionary right) which trap us in a business-as-usual agenda that destroys life prospects

To succeed we will need a common plan of action and an uncommon campaign strategy to energise progressives around the world to implement that plan. Last but not least, we’ll need the shared will to envision a postcapitalist reality. Progressives also need shared narratives. Thankfully, we know what must be done: power generation must shift massively from fossil fuels to renewables, …

Low-Income Households Pay More for Energy, but Efficiency Can Help

With bans on utility shutoffs during the COVID-19 pandemic expiring, action is needed to ease the energy burdens of at-risk communities. By Ariel Drehobl, US News, Sept 30, 2020 How Energy Efficiency Can Help Those With Lower IncomesMore Energy efficiency and weatherization can help ease the burdens of millions of struggling families. PAY THE ELECTRIC BILL or the mortgage? Run the air …

Breaking with the Defunct Idea of Development: Re-embedding the economy in people and the biosphere,

By Daniel McCurdy, Alliance for Global Justice. October 3, 2020 | CREATE! A longer version of this article was included in the book “The Revolution Won’t Be Stopped: Nicaragua Advances Despite US Unconventional Warfare” published by the AfGJ. Go to p. 123. One of the particularities of tourism in Nicaragua is its democratization. Since the Sandinista government won elections in 2006 and came to power …

Goldman Sachs’s Shell Game

The mega-bank has created 61 different off-balance-sheet corporations with help from companies based in the Cayman Islands all of which have the same three-member panel of “independent” directors. BY DAVID DAYEN, American Prospect, January 8, 2020 Tyson Slocum has embarked on a crusade the past few months that would make I.F. Stone jealous. The director of Public Citizen’s Energy Program has …

Guiding Principles for a Green New Deal

Published February 28, 2019 by DSA Humankind has reached a moment of existential crisis. Human activity is causing disastrous climate disruption and Earth’s sixth mass extinction event, triggering critical losses of biodiversity. We are already locked in for global warming that will have catastrophic effects, and we are on a slippery path to our own extinction. The 2018 Special Report from the Intergovernmental Panel on …

Energy footprints grow with expenditure: the top 10% consume roughly 20 times more energy than the bottom 10%

A study published in Nature Energy shows that energy footprints grow with expenditure, and, as a consequence, are unequally distributed. Among all the countries and income classes in the study, the top 10% consume roughly 20 times more energy than the bottom 10%. Additionally, as income increases, people spend more of their money on energy-intensive goods, such as package holidays or …

World’s Richest 10% Emit up to 43% of the Carbon: Flying is most of it. Researchers say we need sufficiency not just efficiency + more attention to emissions from air and land transport, and to the fairness and equity of it all

The affluent citizens of the world are responsible for most environmental impacts and are central to any future prospect of retreating to safer environmental conditions. Any transition towards sustainability can only be effective if far-reaching lifestyle changes complement technological advancements. The wealthiest 0.54%, about 40 million people, are responsible for 14% of lifestyle-related greenhouse gas emissions, while the bottom 50% of …