Monday, June 06, 2016

Peak Oil Review of 6 June Peak Oil Review: June 6, 2016.

Excerpts: The Scottish Parliament voted to ban fracking countrywide on Wednesday, making a moratorium on the controversial technique a permanent affair. The narrow vote (32-29) came after the legislative body temporarily outlawed fracking in January 2015 while it conducted a public health impact assessment and consulted environmental experts. (6/3)


Exelon Corp. said Thursday that it will retire two money-losing nuclear plants in Illinois during the next two years after state lawmakers declined to pass legislation that would have helped keep them running. The plants lost $800 million in the past seven years. (6/3)

Nuclear angle: as the Paris agreement on climate change has put pressure on the U.S. to reduce greenhouse gas emissions, some state and federal officials have deemed nuclear energy part of the solution. They are now scrambling to save existing plants that can no longer compete economically in a market flooded with cheap natural gas. (6/1)

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