Californias largest utility company plans massive sale of natural gas division

January 9, 2019 by  
Filed under Eco, Green

Pacific Gas & Electric (PG&E), California ’s largest utility, is exploring the possibility of selling off a major part of the company, according to a new report. Thanks to the massive liability costs that they could be facing for their possible culpability in recent deadly wildfires, PG&E has a strategic plan called “Project Falcon” to cover costs and avoid bankruptcy. This plan would involve the company selling its natural gas division and then using the proceeds to pay the potential millions of dollars in claims from the wildfires . Anonymous sources recently told NPR that PG&E is also looking at selling critical real estate assets— like the company’s San Francisco headquarters. Last Friday the utility announced that they would explore “structural options” to put the company in the best possible position to meet customer needs and operational demands. They also revealed that they are searching for new directors for the board to “augment its existing expertise in safety.” “Safety is and will continue to be our top priority as we work to determine the best path forward for all of our stakeholders. PG&E remains fully committed to helping our customers and the affected communities recover and rebuild — and to doing everything we can to reduce the risk of future wildfires,” said spokesman Andy Castagnola in a written statement. Back in June, Cal Fire (California’s fire agency) determined that PG&E power equipment sparked at least a dozen major wildfires in 2017. And now, the agency is looking into whether or not the company sparked the November 2018 fire that ended up being the deadliest and most destructive one in the state’s history. Related: Thousands of animals have been displaced by California wildfires If Cal Fire determines that PG&E caused that fire , it could result in the company having to pay billions from legal action against them. Insurance companies Allstate, State Farm, and USAA have already filed lawsuits against the utility, and some equity analysts project that the damages from the recent wildfire could exceed PG&E’s market value and its insurance coverage. The California Public Utilities Commission would have to approve PG&E’s plan of selling their natural gas division. The regulatory agency has already expressed their concern about the utility’s inferior safety record, as well as their lack of transparency and past efforts to pass liability costs onto their customers. State Sen. Bill Dodd, who originally supported shielding PG&E from liability costs related to the 2017 fires, has now switched gears. “PG&E has demonstrated a pattern of poor management and illegal conduct that has shattered lives across California,” Dodd said in a statement. He also called for “systemic change, which must include change on the board of directors and in the executive suite.” Via NPR Images via skeeze

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Californias largest utility company plans massive sale of natural gas division

Big Soda goes to war against proposed Soda Tax in San Francisco

September 26, 2016 by  
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A proposed soda tax is officially on the ballet this November for the city of San Francisco . Proponents of the tax hope they can make up for lost ground after a similar measure failed two years ago, but the soda industry isn’t going down without a fight. In 2014, the soda tax received 54.5 percent of the vote, yet did not achieve the required two-third supermajority to pass. According to KQED News , such a significant percentage was needed because the revenue from the tax was earmarked for public health programs. This time around, the measure proposes creating a 16-person advisory panel to make recommendations to city officials as to how the money should be spent. Related: Berkeley passes the first soda tax in the United States If it passes, San Francisco will join Philadelphia and Berkeley in the fight against sugary beverages and the health risks they pose to the public and pave the way for future state and federal actions. Since the city of Berkeley passed its own Soda Tax in 2014, consumption of sugary beverages like soda has fallen by 25 %. Oakland and Albany will also have the opportunity to pass their own soda taxes this fall, yet the initiatives aren’t without opposition. “Big Soda” spent $10 million on attack ads in San Francisco two years ago, according to the San Francisco Chronicle , and have already started their crusade again this year, with attack ads against what they are deceptively calling the “Grocery Tax” , featuring mournful-looking minority children and grocery store owners, in print mailings, TV commercials and posters. Huffington Post calls these misleading commercials “unethical” because they are deceptive and designed to manipulate the fears of low-income communities, who are disproportionately effected by rising diabetes and obesity rates in children. It will be up to the voters to decide if they want soda industries to maintain their suffocating grasp on public health, or not. Images via Flick r, Wikipedia

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Big Soda goes to war against proposed Soda Tax in San Francisco

The carbon pricing debate goes public in Washington state

April 28, 2016 by  
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The state could buck the trend toward cap-and-trade with an initiative slated for the ballot in November.

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The carbon pricing debate goes public in Washington state

GREEN ENERGY BUSINESS SEMINAR & TRADE SHOW: SUSTAINABLE GROWTH FOR NORTHERN VIRGINIA

October 5, 2012 by  
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On November 1, 2012, Relerience, a green energy consulting company, is providing a strategic Green Energy Business Seminar for the business community in Northern Virginia. All Exhibitors are encouraged to register before October 12, 2012.

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GREEN ENERGY BUSINESS SEMINAR & TRADE SHOW: SUSTAINABLE GROWTH FOR NORTHERN VIRGINIA

Shop Small: Small Business Saturday

November 18, 2011 by  
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Written by Melissa Hincha-Ownby, MNN If you have pledged to participate in Buy Nothing Day next Friday, November 25 but don’t think you can go for the Buy Nothing Christmas then I have another pledge for you to take: participate in Small Business…

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Shop Small: Small Business Saturday

Remembering Wangari Maathai, Monday November 14th in NYC

November 11, 2011 by  
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A public memorial ceremony will be held in NYC for Wangari Maathai on November 14.

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Remembering Wangari Maathai, Monday November 14th in NYC

Buildup to Greenbuild: A New Vision For The Toronto Waterfront

September 7, 2011 by  
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Images credit City of Toronto 30,000 green building professionals are coming to Toronto for Greenbuild in October; this series will try to explain Toronto to them. This series is going to be about what people can actually see and do in Toronto, but a new vision for the waterfront was presented yesterday that is too important to ignore, and that tells so much about what’s going on in Toronto today. Last November Rob Ford was elected Mayor on a platform of “respect for taxpayers” and “… Read the full story on TreeHugger

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Buildup to Greenbuild: A New Vision For The Toronto Waterfront

California Attorney General Takes On Formaldehyde-Laden Brazilian Blowout

November 14, 2010 by  
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Photo: Gala.Fr Last month we were shocked by the news that Brazilian Blowout formula–favored by celebs like Jennifer Aniston — contains between 4.85 percent and 10.6 percent formaldehyde . At that time, it was under investigation by the California Bureau of Labor and the Department of Public Health in California and on November 10, California Attorney General ..

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California Attorney General Takes On Formaldehyde-Laden Brazilian Blowout

’round and ’round.

November 11, 2010 by  
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If going green was a class in school, recycling would be the very first lesson. For most of us, recycling has become a piece of cake.  Most communities offer easy ways to recycle at home, at work or school and out and about.  You’ve probably mastered the art of recycling paper, aluminum, glass and plastics, but what about batteries, aerosol cans and packing peanuts?  Lots of items can be recycled that you may not have thought of, like paint, electronics and phone books.  Not sure of what’s recyclable and where to recycle it near you?  1800recycling.com is an awesome resource for information about what’s recyclable and where to do it.  Check it out!  Not only does this handy website pull up info based on your zip code, it also offers great tips and articles on everything green. Recycle is one of the three R’s and when it’s this easy, there’s no excuse not to get on board.

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’round and ’round.

stream big.

November 10, 2010 by  
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Reduce is the most important of the 3 R’s, so companies like Netflix are great for cutting back on trips to the video store or from buying DVD’s.

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stream big.

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