Big energy's climate strategy & clean power

 High Cost of Climate Earns Exxon Rare Environmental Win By Tom Randall Mar 22, 2014; http://www.bloomberg.com/news/2014-03-21/exxon-wins-by-having-the-highest-cost-of-climate.html; For years, Exxon Mobil has walked around with an environmentalist target on its chest. So it was news when the world’s biggest oil company by market value agreed yesterday to share its plans for dealing with climate change. A look at what we already know about Exxon’s climate strategy shows why disclosure may be a savvy move.... The longer the global community waits to address climate change, the more invasive future climate policies may need to be. The risk is that oil and coal companies worth more than $7 trillion may be sinking billions of dollars into projects that will never make sense to finish... Exxon is the first U.S. oil-and-gas major to commit to reporting on its risk of stranded assets due to climate change, a step that may pressure competitors to do the same. About ten energy companies are awaiting votes on shareholder resolutions similar to the one that triggered Exxon's agreement to report its climate data.... Exxon has the world’s second-largest stockpile of carbon embedded in oil and gas, after Russia’s Gazprom. According to Bloomberg’s Carbon Risk Valuation Tool, Exxon’s share price could be worth 45 percent less in a carbon-stranding scenario where prices decline 5 percent a year from 2020.

 

 

 Global Energy Thirst Threatens Water Supplies, UN Says By Tara Patel Mar 22, 2014; http://www.bloomberg.com/news/2014-03-21/global-energy-thirst-threatens-to-worsen-water-woes-un.html; ...Energy production will increasingly strain water resources in the coming decades even as more than 1 billion of the planet’s 7 billion people already lack access to both, according to a United Nations report... “There is an increasing potential for serious conflict between power generation, other water users and environmental considerations,” said the UN World Water Development Report published today that focused on water and energy. Ninety percent of power generation is “water-intensive,” it said. (link to UN report: http://www.unesco.org/new/en/natural-sciences/environment/water/wwap/wwdr/)

 

How much progress have corporations made on their 100% clean power goals? theguardian.com, Tuesday 25 March 2014;  http://www.theguardian.com/sustainable-business/gallery/sap-renewable-clean-energy-goal-intel-microsoft-kohls-walmart; Software giant SAP on Monday said it plans buy enough renewable-energy credits to figuratively power 100% of its worldwide operations with clean energy. The company joins a growing number of businesses gunning for 100% green energy. Which corporations have made the most progress so far?