Coal Finance for Climate Activists

I’ve been in New York since Monday for a short workshop on the finances of the coal industry and coal burning utilities.  It was put together under the auspices of the NYU Law School’s Institute for Policy Integrity.  The audience was mostly grassroots campaigners from all over the country — people working to shut down coal mining and coal based power plants for environmental reasons, both climate related and more traditional pollution.  The two day program included panels of utility specialists from rating agencies Moody’s and Fitch, Bruce Nilles from the Sierra Club’s Bloomberg funded Beyond Coal campaign, as well as financial analysts from UBS, Bloomberg New Energy and Jeffries.  Tom Sanzillo, the former comptroller of the state of New York, gave us a run down on how to read a utility company’s 10-K.  Several community leaders in successful fights to keep new coal plants from getting built told their stories too.  All in all, it made for some strange bedfellows.  It was great overall, and I think pretty much everyone learned something.  Here’s what I remember learning.

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Why I Won’t Be Turning Off Any Lights for Earth Hour

A GOOD (Magazine) summary of why Earth Hour is lame.  First, it’s symbolic — turning lights off for an hour has a negligible effect on your (and the globe’s) energy consumption.  Second, the symbolism (which is all it’s got) totally sucks!  Want to be environmentally sound?  Then sit shivering in the dark.  Great.  Widely publicizing an action which is both unnecessary and turns people off (ha!), isn’t gonna win any hearts or minds.  It just reinforces the needlessly “hair shirt” vision of “green” that most people have.

Links for the week of March 19th, 2010

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Links for the week of August 20th, 2009

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Links for the week of Aug 14th

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Shared Links for Feb 19th