1. JPMorgan Unveils Goal to Support $2.5 Trillion in Climate-Friendly Investments
The U.S’s largest bank by assets – JPMorgan Chase – is pledging to facilitate $2.5tn of “climate-conscious” transactions over the next decade—the Wall Street Journal reports.
The paper notes that the bank lent some $40bn to oil and gas companies last year and NGO Rainforest Action Network considers it the worlds biggest financier of fossil fuels.
2. Homeowners say Efficiency NS recommended company that botched solar panel installation
Frustrated customers question Efficiency Nova Scotia’s role in fixing faulty work from approved installer—CBC Nova Scotia reports.
Sarah D’Apollonia and her partner added solar panels when renovating a rundown property in Dartmouth. But two years after their system was installed, D’Apollonia said it has been nothing but a nightmare that may cost the family more to fix than they paid to install it in the first place.
3. Tesla tells customers they’ll have to pay more for solar roof
A Tesla solar roof customer, under contract, says his price rose from USD $66,000 to USD $87,000—ARSTechnica reports.
“Tesla has reneged on its solar roof contracts and has raised the prices for people (like me) who have already signed contract with them,” one ARSTechnica reader said. “For example, they are asking for an additional $21,000 for my project from about $66,000 to $87,000.” Customers report that Tesla is not only raising prices for future solar roof installations—it’s demanding more money from some existing customers whose panels haven’t been installed yet.
4. Facebook meets 100% renewable energy goal with over 6 GW of wind, solar
Facebook has procured enough new renewable projects to meet 100% of energy needs for its global operations through clean resources, as of last year, Utility Dive reports.
The company has contracts in place for more than 6.1 GW of wind and solar across 18 states and five countries, within the same electric grids that power its data centers and operations. Of the energy contracted, Facebook said it currently has 2 GW of solar and 1.3 GW of wind online, along with 720 MW of energy storage.
5. Shell says electric vehicles will be crucial in its efforts to lower carbon emissions
Electric vehicles will play a critical role in Royal Dutch Shell’s decarbonizing efforts – opening up opportunities in this mobility sector, CNBC reports.
Huibert Vigeveno, downstream director at Shell, says the company intends to expand its global EV charging stations network worldwide, pledging to have 2.5 million charging points by 2030.