Energy Update

Dec 28 (Reuters) - U.S. shale drillers are set to ramp up
spending on exploration and production next year as recovering
oil prices prompt banks to extend credit lines for the first
time in two years.

We all know the science. The United States and the world as a whole must reduce its greenhouse gas emissions by 80 percent or more by 2050 in order to significantly reduce the risks posed by unabated climate change. Intensifying droughts and heat waves, inundation of coastal economies brought on by sea level rise, and increasing wildfires and extreme weather events across the United States are only some of those intensifying risks.

Shares in Drax Group Plc surged to the highest since July after the European Union approved a U.K. government subsidy to support the conversion of one of its coal-fired units to biomass.

I don’t doubt the nation’s transition to a clean energy economy will continue after The D is inaugurated in January. Economics, a rapidly growing number of companies owning responsibility for their carbon emissions and ordinary people acting on behalf of future generations underpin the trend towards environmental sustainability.