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Volkswagen, BMW Fined $1 Billion For Colluding To Make Dirtier Cars (theverge.com)123
Volkswagen, Audi, Porsche, BMW, and Mercedes-Benz parent company Daimler spent years illegally colluding to slow the deployment of cleaner emissions technology, says the European Union, which is dishing out fines as a result. From a report: The EU's executive branch hit the Volkswagen Group (which owns Audi and Porsche) and BMW with a collective $1 billion fine on Thursday for their role in the scheme. Volkswagen Group must pay $595 million, while BMW will pay $442 million. Daimler, however, evaded a $861 million fine of its own because the automaker revealed the collusion to the regulators.
The scheme described by EU authorities is separate from the Volkswagen Group's massive Dieselgate scandal, in which the company installed software on its diesel vehicles that helped fool environmental regulators into believing they were compliant, when in reality, they were polluting far more than the legal limit. Dieselgate ultimately led to nearly $40 billion in fines, buybacks, and legal fees for the Volkswagen Group. Daimler also installed software on some of its diesel vehicles to cheat emissions tests and has paid billions of dollars in fines. BMW was careful to point out Thursday that, unlike the other companies it was caught colluding with, it had not cheated emissions testing.
The scheme described by EU authorities is separate from the Volkswagen Group's massive Dieselgate scandal, in which the company installed software on its diesel vehicles that helped fool environmental regulators into believing they were compliant, when in reality, they were polluting far more than the legal limit. Dieselgate ultimately led to nearly $40 billion in fines, buybacks, and legal fees for the Volkswagen Group. Daimler also installed software on some of its diesel vehicles to cheat emissions tests and has paid billions of dollars in fines. BMW was careful to point out Thursday that, unlike the other companies it was caught colluding with, it had not cheated emissions testing.
Bitcoin Power Plant Is Turning a 12,000-Year-Old Glacial Lake Into a Hot Tub (arstechnica.com)69
An anonymous reader quotes a report from Ars Technica: The fossil fuel power plant that a private equity firm revived to mine bitcoin is at it again. Not content to just pollute the atmosphere in pursuit of a volatile crypto asset with little real-world utility, this experiment in free marketeering is also dumping tens of millions of gallons of hot water into glacial Seneca Lake in upstate New York. "The lake is so warm you feel like you're in a hot tub," Abi Buddington, who lives near the Greenidge power plant, told NBC News. In the past, nearby residents weren't necessarily enamored with the idea of a pollution-spewing power plant warming their deep, cold water lake, but at least the electricity produced by the plant was powering their homes. Today, they're lucky if a small fraction does. Most of the time, the turbines are burning natural gas solely to mint profits for the private equity firm Atlas Holdings by mining bitcoin.
Atlas, the firm that bought Greenidge has been ramping up its bitcoin mining aspirations over the last year and a half, installing thousands of mining rigs that have produced over 1,100 bitcoin as of February 2021. The company has plans to install thousands more rigs, ultimately using 85 MW of the station's total 108 MW capacity. [...] The 12,000-year-old Seneca Lake is a sparkling specimen of the Finger Lakes region. It still boasts high water quality, clean enough to drink with just limited treatment. Its waters are home to a sizable lake trout population that's large enough to maintain the National Lake Trout Derby for 57 years running. The prized fish spawn in the rivers that feed the lake, and it's into one of those rivers -- the Keuka Lake Outlet, known to locals for its rainbow trout fishing -- that Greenidge dumps its heated water. Rainbow trout are highly sensitive to fluctuations in water temperature, with the fish happiest in the mid-50s. Because cold water holds more oxygen, as temps rise, fish become stressed. Above 70 F, rainbow trout stop growing and stressed individuals start dying. Experienced anglers don't bother fishing when water temps get to that point.
Greenidge has a permit to dump 135 million gallons of water per day into the Keuka Lake Outlet as hot as 108 F in the summer and 86 F in the winter. New York's Department of Environmental Conservation reports that over the last four years, the plant's daily maximum discharge temperatures have averaged 98 in summer and 70 in winter. That water eventually makes its way to Seneca Lake, where it can result in tropical surface temps and harmful algal blooms. Residents say lake temperatures are already up, though a full study won't be completed until 2023.
Atlas, the firm that bought Greenidge has been ramping up its bitcoin mining aspirations over the last year and a half, installing thousands of mining rigs that have produced over 1,100 bitcoin as of February 2021. The company has plans to install thousands more rigs, ultimately using 85 MW of the station's total 108 MW capacity. [...] The 12,000-year-old Seneca Lake is a sparkling specimen of the Finger Lakes region. It still boasts high water quality, clean enough to drink with just limited treatment. Its waters are home to a sizable lake trout population that's large enough to maintain the National Lake Trout Derby for 57 years running. The prized fish spawn in the rivers that feed the lake, and it's into one of those rivers -- the Keuka Lake Outlet, known to locals for its rainbow trout fishing -- that Greenidge dumps its heated water. Rainbow trout are highly sensitive to fluctuations in water temperature, with the fish happiest in the mid-50s. Because cold water holds more oxygen, as temps rise, fish become stressed. Above 70 F, rainbow trout stop growing and stressed individuals start dying. Experienced anglers don't bother fishing when water temps get to that point.
Greenidge has a permit to dump 135 million gallons of water per day into the Keuka Lake Outlet as hot as 108 F in the summer and 86 F in the winter. New York's Department of Environmental Conservation reports that over the last four years, the plant's daily maximum discharge temperatures have averaged 98 in summer and 70 in winter. That water eventually makes its way to Seneca Lake, where it can result in tropical surface temps and harmful algal blooms. Residents say lake temperatures are already up, though a full study won't be completed until 2023.
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America Used Fewer Fossil Fuels In 2020 Than It Has In Three Decades (theverge.com)76
Americans gobbled up fewer fossil fuels in 2020 than they have in three decades, according to the U.S. Energy Information Administration (EIA). The Verge reports: Consumption of petroleum, natural gas, and coal dropped by 9 percent last year compared to 2019, the biggest annual decrease since the EIA started keeping track in 1949. The COVID-19 pandemic was responsible for much of the fall as people stayed home to curb the spread of the virus and used less gas. In April 2020, oil prices nosedived below zero because there was so little demand. The U.S. transportation sector alone used up 15 percent less energy in 2020 compared to the year before. Higher temperatures last winter also helped to cut energy demand for heating, according to the EIA. As a result, greenhouse gas emissions from burning fossil fuels plummeted to a near 40-year low.
That downward trend will have to continue in order to stave off the climate crisis. Upon rejoining the Paris climate agreement, President Joe Biden committed the U.S. to slash its planet-heating pollution in half this decade from near-peak levels it reached in 2005. That's part of a global effort to keep global warming from surpassing a point that life on Earth would struggle to adapt to, a global average temperature that's roughly 1.5 degrees Celsius above preindustrial levels. To hit that goal, there should be no further investments in new fossil fuel projects, according to a recent landmark report from the International Energy Agency. The oil and gas industries are already feeling the crunch from lawsuits and activist investors forcing them to move faster toward more sustainable forms of energy.
That downward trend will have to continue in order to stave off the climate crisis. Upon rejoining the Paris climate agreement, President Joe Biden committed the U.S. to slash its planet-heating pollution in half this decade from near-peak levels it reached in 2005. That's part of a global effort to keep global warming from surpassing a point that life on Earth would struggle to adapt to, a global average temperature that's roughly 1.5 degrees Celsius above preindustrial levels. To hit that goal, there should be no further investments in new fossil fuel projects, according to a recent landmark report from the International Energy Agency. The oil and gas industries are already feeling the crunch from lawsuits and activist investors forcing them to move faster toward more sustainable forms of energy.
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