Those who wonder whether public anger at big banks and the Move Your Money sentiment sweeping the country is substantial enough to impact these giants need only look at the banks’ own marketing over the last few weeks to see the proof. Continue reading
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A coalition of utilities have announced their opposition to a series of 765-kilovolt transmission lines, more than double the capacity of the current 345-kilovolt lines. The lines are proposed as a way to send electricity from the Dakotas, Iowa and Minnesota to Chicago and points east. "If Iowa wants to build a transmission line for their energy, we have no objection. But Iowa or the Midwest should pay for it," said Ian Bowles, secretary of energy and environmental affairs in Massachusetts. New England states want to produce their own wind energy from offshore farms. Continue reading
What journalists and even environmentalists so often fail to do in reporting on Walmart’s sustainability announcements is to provide context. Continue reading
Five Midwest states (Missouri, Illinois, Indiana, Michigan and Ohio) could get nearly all their electricity from wind, according to updated maps from the Institute for Local Self-Reliance (ILSR). New data from Wind Powering America mean that 32 states could get all of their electricity from in-state resources, even more than initially revealed in ILSR’s ground-breaking report last fall, Energy Self-Reliant States. The revised estimates come from the National Renewable Energy Lab’s Wind Powering America project and are the first nationwide update since the early 1990s. Continue reading
The Obama administration’s energy policy jumps the shark: why nuclear isa bad deal and carbon-captured coal is anything but clean. Senior Research John Farrell discusses this and the smarter strategy of a decentralized renewable energy future with KBOO host Bill Resnick.
The rules we make now will decide our energy future. Listen to the interview here.
The biggest banks impose much higher fees on their customers than small financial institutions do. This is exactly the opposite of what was promised in 1994 and again in 1999, when Congress dismantled laws that had long restricted the size and scope of banks, ushering in a wave of mergers that left the industry dominated by a few financial giants. Continue reading
Although small and mid-sized banks control only 22 percent of all bank assets, they account for 54 percent of small business lending. Big banks, meanwhile, allocate relatively little of their resources to small businesses. The largest 20 banks, which now command 57 percent of all bank assets, devote only 18 percent of their commercial loan portfolios to small business. Continue reading
In a truly groundbreaking move for the English-speaking world, Britain’s Department of Energy & Climate Change (DECC) has released a full suite of renewable energy tariffs that go into effect in April. Britain will become the first country in the world to offer a comprehensive system of tariffs for renewable heat, including tariffs for solar domestic hot water and ground-source heat pumps among others.
The latest report from TARP Inspector General Neil Barofsky warns, “Even if TARP saved our financial system from driving off a cliff back in 2008, absent meaningful reform, we are still driving on the same winding mountain road, but this time in a faster car.” Continue reading
By exempting internet retailers like Amazon.com from collecting sales taxes, lawmakers provide a substantial financial incentive for people to bypass local businesses and shop online instead. Continue reading