US: Fracking vs debt, lawsuits and emissions data
The US shale industry must come up with $1.2 billion in interest payments by the end of March, reports Bloomberg.
Energydesk recently outlined the looming financial crisis facing the fracking sector.
But that’s not the only thing going wrong.
Inside Climate News finds the cost of fracking falls disproportionately on the poor, Think Progress takes aim at the fracking-caused spike in methane emissions, and Vice reports on a lawsuit against fracking firms for triggering earthquakes in Oklahoma.
UK: Solar capacity hits milestone as Big 6 announce earnings
The UK solar industry has crossed the 10GW capacity threshold, according to CleanTechnica.
Meanwhile the row over energy bills continues following the announcement of British Gas’ huge profits, reports The Guardian.
This comes the day after RWE, which owns nPower, reported falling profits and corporate restructuring, writes The Telegraph.
In other news
Apple: The US tech giant has issued $1.5bn in green bonds for climate-friendly initiatives, reports Climate Home.
Supreme Court: Obama’s potential Scalia replacement has defended fossil fuel giants ExxonMobil and Rio Tinto, reports Grist.
Coal: The New York Times has issued a stinging editorial on the US coal industry’s flattening of the Appalachian mountains, while Reuters reports that Wyoming officials are dismayed by a policy that allows coal companies to avoid cleaning up after themselves.