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Part of Elon Musk’s $15B tax bill will likely end up helping the fossil fuel industry

Teslarati

Elon Musk may be paying an estimated $15 billion in taxes this year due to his massive sale of part of his TSLA holdings, but his contributions to the US government may end up supporting the fossil fuel industry. The remaining 20% is allocated for coal. Conservative estimates put U.S. Conservative estimates put U.S.

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Minnesota’s largest coal plant goes solar: Sherco Solar comes online

Baua Electric

It’s a major step in the utility’s push to ditch coal and move to renewable energy across the Upper Midwest. The solar farm is being built on the site of the Sherburne County Generating Station ( Sherco ), Minnesota’s largest coal-fired power plant. What’s notable about Sherco Solar is not just its size but also its cost efficiency.

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BREAKING NEWS: Exxon/Mobil Ordered Out of Torrance, Guilty of Greenhouse Gas Pollution

Creative Greenius

It’s the 2nd biggest product Exxon/Mobil and their pals in the oil, coal and gas industries pump out. The Global Warming Deniers Movement was created to use FUD to stop people from doing things that would cause them to burn less oil, coal and gas. And yes every single person in that movement is a hapless dupe.

Pollution 292
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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Personal air travel (billion seat-miles) grows by an average of 0.7% Natural gas overtakes coal as the largest fuel for US electricity generation. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants. Energy demand for aircraft grows in the AEO2014 Reference case from 2.5

Oil 290
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EIA Energy Outlook 2011 more than doubles estimates of US shale gas resources; higher production at lower prices

Green Car Congress

quadrillion Btu projected in the AEO2010 Reference case, due to relatively lower disposable personal income. Other key findings of AEO2011 include: Non-hydro renewables and natural gas are the fastest growing fuels used to generate electricity, but coal remains the dominant fuel because of the large amount of existing capacity.

Gas 199
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J.D. Power forecasts hybrid- and battery-electric vehicles will represent 7.3% of global auto sales in 2020

Green Car Congress

The drawback to these technologies is that fossil fuels (principally oil and coal) are still used to produce the electricity that powers these vehicles, thereby eliminating some of the potential gains. Power said, more important are the personal financial implications of deciding to purchase an alternative-energy vehicle.

2020 250
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17 clean energy projects will be built on former Appalachian coal mines

Baua Electric

Photo: The Nature Conservancy The Nature Conservancy ( TNC ) and the Cumberland Forest Limited Partnership are turning former Appalachian coal mines into clean energy hubs. Expected to start construction by 2026, its projected to generate $800,000 in tax revenue for the community over its lifetime. Get started here.

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