ENERGY TRANSITION & CLIMATE CHANGE SOLUTIONS: Dec 19, 2020

QUOTABLES:

Alberta has just about every form of renewable energy that one could think of, I can see us working more closely with other local and national organizations to help show that Alberta can be both diversified, and inclusive while helping Canada meet its international climate commitments.

Darryl Kaminski, the president of Solar Alberta
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Headline Quicklinks

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Canadian Headlines:

Edmonton receives $9.6 million in federal funding for energy-efficient retrofits to 100 buildings

Up to 100 buildings in Edmonton will undergo energy-efficient retrofits over the next two years as part of a $9.6 million investment from the federal government.

Infrastructure and Communities Minister Catherine McKenna announced the two-year program Tuesday morning with funding from the $1-billion Green Municipal Fund delivered by the Federation of Canadian Municipalities. The plan is to finance retrofitting for 80 residential and 20 commercial buildings in Edmonton.

The city’s Clean Energy Improvement Program will track and report the reduction in greenhouse gas emissions achieved, energy consumption savings and renewable energy generated as a result of the retrofits.

“Making our residential and commercial buildings more energy efficient and resilient over the long term is a pathway to greener, more sustainable communities with good jobs that save us all money,” McKenna said during a virtual news conference.

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World News

Rockefeller Foundation, Created By Oil, Ditches Oil Investments

The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of the Rockefeller Foundation, Rajiv Shah, told CNN in an interview published on Friday.

Funds for the creation of the $5-billion foundation initially came from the oil money of Rockefeller and the company Standard Oil he founded at the end of the 19th century.

The Rockefeller Foundation is the latest investor to commit to divesting from fossil fuels as a growing number of institutional investors are shifting their focus to low-carbon energy investments, while those who are still invested in oil and gas demand transparency in emission reporting and preparedness for the energy transition.

“Burning fossil fuels is not necessary to sustain our economy and economic growth over the long run — and it’s detrimental to our climate future,” the foundation’s president Shah told Matt Egan of CNN Business.

“We’re doing it now and we would love for our peer institutions to join us,” Shah said.

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NEWS AND VIEWS FROM AROUND THE WEB ON ENERGY EFFICIENCY & TRANSITION

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