With little investment from venture capitalists, cleantech startups are relying increasingly on traditional energy corporations for financial support.
Eager to avoid environmental problems, improve their public image, comply with regulations and increase production, oil and natural gas companies have begun investing in next-generation technologies, such as waste water treatment solutions.
With Obama's "all of the above" energy policy, fossil fuels are here to stay, writes Ucilia Wang adding that energy companies are investing in renewables as a defense against sudden policy change.
"The growth of the renewable electricity sector will be tied to natural gas," explains Wang. "Solar and wind generation can't produce power around the clock, and utilities will have to match clean power with 24/7 energy like natural gas."
According to Wang, for now, fossil fuels and renewables exist in symbiosis, with oil and natural gas corporations controlling the vast majority of transportation and electricity generation.
FULL STORY: Where the money is in cleantech: oil and gas
Toyota’s Hybrid Popularity Outpaces Production Worldwide
Soaring global demand for Toyota's hybrid vehicles is straining the automaker’s supply chain, leading to widespread delays as component shortages and limited production capacity challenge its ability to keep up.
Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
EPA Terminates $116 Million in Grants for Reducing Emissions from Construction Materials
C-MORE grants were earmarked for industry trade groups and universities.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
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The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees
More than a century ago, San Francisco mobilized to house thousands of residents displaced by the 1906 earthquake. Could their strategy offer a model for the present?
LA’s Tree Emergency Goes Beyond Vandalism
After a vandal destroyed dozens of downtown LA trees, Mayor Karen Bass vowed to replace them. Days later, she slashed the city’s tree budget.
Sacramento Leads Nation With Bus-Mounted Bike Lane Enforcement Cameras
The city is the first to use its bus-mounted traffic enforcement system to cite drivers who park or drive in bike lanes.
Seattle Voters Approve Social Housing Referendum
Voters approved a corporate tax to fund the city’s housing authority despite an opposition campaign funded by Amazon and Microsoft.
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