<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=Windows-1252">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: Calibri, Arial, Helvetica, sans-serif; font-size: 12pt; color: rgb(0, 0, 0);">
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt">1. The effects of the oil glut on attempts to deal with the climate crisis are hard to pin down. It may weaken the oil industry and make room for renewables; it may lead petro-states to rethink their economic structure. I wonder
if it might lower prices for electric vehicles to compete with cheaper fuel costs for gas burners. Generally, I intend to see the economic chaos as an opportunity to build new structures.
<span style="mso-spacerun:yes"> </span><a href="https://cleantechnica.com/2020/03/08/oil-prices-plunge-as-opec-countries-fail-to-reach-agreement/">https://cleantechnica.com/2020/03/08/oil-prices-plunge-as-opec-countries-fail-to-reach-agreement/</a></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt">2. Bloomberg Finance ponders the possible effects of the drop in oil prices, including the ways it might augment or hinder the energy transition.
<a href="https://www.bloomberg.com/news/articles/2020-03-09/oil-crash-sends-new-shock-through-world-crippled-by-virus?cmpid=BBD030920_GREENDAILY&utm_medium=email&utm_source=newsletter&utm_term=200309&utm_campaign=greendaily">
https://www.bloomberg.com/news/articles/2020-03-09/oil-crash-sends-new-shock-through-world-crippled-by-virus?cmpid=BBD030920_GREENDAILY&utm_medium=email&utm_source=newsletter&utm_term=200309&utm_campaign=greendaily</a></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt">I am going to go ahead an put this news list out, assuming that others are also watching the market gap and wondering about the impact on the green economy. I hope readers who run into clear thinking on the issue will send it
on to us.</span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt">3. Virginia has adopted a plan to achieve renewable carbon-free power generation by 2045.
<a href="https://www.washingtonpost.com/local/virginia-politics/virginia-dominion-energy-bill/2020/03/06/4524cd20-5fc1-11ea-b29b-9db42f7803a7_story.html">
https://www.washingtonpost.com/local/virginia-politics/virginia-dominion-energy-bill/2020/03/06/4524cd20-5fc1-11ea-b29b-9db42f7803a7_story.html</a></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt">4. Nearly all coal and oil plants run by Virginia’s largest two utilities are to be closed by 2024. Efficiency gains and new renewables power will replace them. Generation from wood pellets will cease in 2028.
<a href="https://cleantechnica.com/2020/03/08/virginia-legislature-passes-sweeping-carbon-reduction-renewable-energy-plan/">
https://cleantechnica.com/2020/03/08/virginia-legislature-passes-sweeping-carbon-reduction-renewable-energy-plan/</a></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt">5. Green Tech Media supplies further details on the Virginia plan, largely from the perspective of the utilities.
<a href="https://www.greentechmedia.com/articles/read/virginia-100-clean-energy-by-2050-mandate-law?utm_medium=email&utm_source=Daily&utm_campaign=GTMDaily">
https://www.greentechmedia.com/articles/read/virginia-100-clean-energy-by-2050-mandate-law?utm_medium=email&utm_source=Daily&utm_campaign=GTMDaily</a></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt"><o:p> </o:p></span></p>
<p style="margin: 0in 0in 8pt; line-height: 107%; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:12.0pt">6. <span style="mso-spacerun:yes"> </span>A drop in coal power generation send emissions down by 2% in 2019. That is the right direction but short of the necessary drop.
<a href="https://www.businessgreen.com/news/4012012/global-coal-decline-leads-fall-co2-emissions-power-sector-research-suggests?utm_campaign=Carbon%20Brief%20Daily%20Briefing&utm_medium=email&utm_source=Revue%20newsletter">
https://www.businessgreen.com/news/4012012/global-coal-decline-leads-fall-co2-emissions-power-sector-research-suggests?utm_campaign=Carbon%20Brief%20Daily%20Briefing&utm_medium=email&utm_source=Revue%20newsletter</a></span></p>
<br>
</div>
</body>
</html>