Climate watch: As federal climate action dominates headlines, what's happening in PA?
This column, however, will look at things happening in Pennsylvania — some good, some not — because with the firehose of federal news these items might otherwise be missed.
Renewables pass coal at PJM
In April, the PJM grid, which serves the mid-Atlantic states including Pennsylvania, saw renewable energy sources surpass coal in the production of electricity. Renewables created 11,800 megawatts of electricity while coal generated 11,700 megawatts. That's from an analysis provided by Allegheny Front. The surge in renewables was driven by solar which set three peak generation records for PJM last month on April 1, 16 and 17.
Pittsburgh Airport doubling solar
Pittsburgh International Airport has its own microgrid, powered by natural gas and solar. It pushes out 23 megawatts of power and saves the airport about a million dollars annually in utility costs. It also cuts carbon emissions by 6 million pounds each year. The airport recently announced that it will add 11,216 solar panels to the 10,000 it already employs, generating an additional 4.7 megawatts of power. Peak energy demand at the airport is about 14 megawatts. The airport sells the surplus back to the grid.
Crypto-Currency and fracking
A fracking-powered crypto-currency mine in Elk County has been abandoned in violation of Pennsylvania law, regulators say. In 2022 Alabama-based Diversified Energy turned on a gas well in Horton Township that had sat unused for over a decade. The well funneled gas into on-site generators powering crypto-currency mining supercomputers. After a little more than two years, the company packed up and left the well uncapped, the Department of Environmental Protection charges. Unplugged wells leak methane which stokes global warming. Pennsylvania has more abandoned gas wells than any other state.
Good news on Philly emissions
'Greenhouse gas emissions across all sectors of Philadelphia's economy dropped 31% between 2006 and 2022, with a third of these reductions happening since the city's last inventory in 2019.' That's from a report by WHYY in Philly. A key reason: the sharp decline in the use of coal to make electricity. ' In contrast, greenhouse gas emissions across the U.S. fell just around 15% between 2006 and 2022.
PA school district goes solar
Steelton-Highspire School District in Dauphin County will save $3.6 million over 20 years by participating in a power purchase agreement for a 1.7-megawatt solar array. It covers 100 percent of the District's annual energy needs, according to an article in Canary Media. Steelton-Highspire also converted its school buses from diesel to electric. The District took advantage of federal rebates created by the 2021 Bipartisan Infrastructure Law.
Same stand, new fossil fuel
The coal-fired Homer City Generating Station in Indiana County closed in 2023. But another fossil fuel-burning plant is going to rise in its place. A new $10 billion methane gas-burning plant on the same site is expected to be up and running by 2027. Homer City Redevelopment LLC, backed by Knighthead Capital Management, plans a plant capable of generating 4.5 gigawatts of electricity. The company plans on locating energy-consuming data centers around the plant, declining to share more specifics with PublicSource.
Richard W. Jones is a member of the State College chapter of Citizens' Climate Lobby. Reach the chapter at PAStateCollege@citizensclimatelobby.org .
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
IRIS Corporation Berhad Full Year 2025 Earnings: EPS: RM0.029 (vs RM0.04 in FY 2024)
IRIS Corporation Berhad (KLSE:IRIS) Full Year 2025 Results Key Financial Results Revenue: RM221.0m (down 40% from FY 2024). Net income: RM23.8m (down 26% from FY 2024). Profit margin: 11% (up from 8.7% in FY 2024). The increase in margin was driven by lower expenses. EPS: RM0.029 (down from RM0.04 in FY 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period IRIS Corporation Berhad's share price is broadly unchanged from a week ago. Risk Analysis Be aware that IRIS Corporation Berhad is showing 1 warning sign in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
an hour ago
- Yahoo
Pardons, positions and power: Trump's donor list raises questions about pay-for-access in his administration
A new financial disclosure from a super PAC supporting President Donald Trump contains the name of the deep-pocket donors who have gained access to the White House. MAGA Inc.'s donor list includes Trump appointees, a mom who managed to get Trump to pardon her son, and cryptocurrency traders, according to a new report by the New York Times. The super PAC managed to pull some major donations for the president; according to the disclosure, MAGA Inc. raised more than $177 million for Trump since January. Some names on the list wound up working for Trump in his administration. Anjani Sinha, a friend of Trump's, was nominated to be the ambassador to Singapore. He donated $1 million to MAGA Inc. He hasn't been approved for the position yet, possibly because he struggled to answer questions about Singapore during his confirmation hearing. Cody Campbell, who is now on Trump's Council on Sports, Fitness, and Nutrition, donated half a million dollars to the super PAC. Josh Lobel, now sitting on Trump's Intelligence Advisory Board, donated $250,000. Several major donors are tied to the crypto industry, which has by and large found a friendly ally in Trump. According to the Times, Trump's inaugural committee raised an enormous $239 million, with approximately $18 million of that coming from crypto-related donors. According to the filing, donors working in cryptocurrencies accounted for $45 million of the donations reported through MAGA Inc. One donor alone — crypto entrepreneur Eric Schiermeyer — donated $1 million, and was given the chance to have dinner with Trump in Mar-a-Lago in March. The pair didn't just eat and chat — during the dinner, Schiermeyer apparently pitched Trump on an idea for a cryptocurrency called the "USA Token" that would be doled out to Americans for use in transactions. He reportedly wanted a government contract for his company to handle the task, according to the Times' reporting. He told the paper that he managed to get his idea in front of Trump face-to-face, so he considers it a win. 'I was able to say my piece, and the idea is clearly making the rounds, so mission accomplished from my view.' he told the Times. And then there's Elizabeth Fago, who handed over $1 million to MAGA Inc. and got herself a dinner with Trump. Three weeks later, her son, Paul Walczak, who pleaded guilty to tax fraud, was pardoned. A White House spokesperson who talked to the Times anonymously said that Fago's words, rather than her cash, convinced the president to give her son a break. 'He spoke directly to a mother who pleaded for her son, and when you're talking to a mother pleading for her son, that's a pretty powerful thing,' the source reportedly said. The Independent has requested comment from The White House. According to MAGA Inc., all of the apparent benefits that come along with shoveling money at Trump are just a coincidence. It told the Times that Trump doesn't treat donors any different from normal Americans. 'President Trump values his supporters and donors, but unlike politicians before him, he cannot be bought and works toward the best interest of the country,' it told the paper.
Yahoo
an hour ago
- Yahoo
Is Wee Hur Holdings Ltd.'s (SGX:E3B) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
Wee Hur Holdings' (SGX:E3B) stock is up by a considerable 34% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. Specifically, we decided to study Wee Hur Holdings' ROE in this article. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Wee Hur Holdings is: 8.6% = S$57m ÷ S$662m (Based on the trailing twelve months to December 2024). The 'return' is the yearly profit. That means that for every SGD1 worth of shareholders' equity, the company generated SGD0.09 in profit. View our latest analysis for Wee Hur Holdings What Is The Relationship Between ROE And Earnings Growth? So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. Wee Hur Holdings' Earnings Growth And 8.6% ROE At first glance, Wee Hur Holdings' ROE doesn't look very promising. A quick further study shows that the company's ROE doesn't compare favorably to the industry average of 13% either. Despite this, surprisingly, Wee Hur Holdings saw an exceptional 27% net income growth over the past five years. Therefore, there could be other reasons behind this growth. Such as - high earnings retention or an efficient management in place. Next, on comparing Wee Hur Holdings' net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 30% over the last few years. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. What is E3B worth today? The intrinsic value infographic in our free research report helps visualize whether E3B is currently mispriced by the market. Is Wee Hur Holdings Using Its Retained Earnings Effectively? Wee Hur Holdings' LTM (or last twelve month) payout ratio to shareholders is 17%, which is quite low. This implies that the company is retaining 83% of its profits. So it looks like Wee Hur Holdings is reinvesting profits heavily to grow its business, which shows in its earnings growth. Additionally, Wee Hur Holdings has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Existing analyst estimates suggest that the company's future payout ratio is expected to drop to 10% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 12%, over the same period. Summary Overall, we feel that Wee Hur Holdings certainly does have some positive factors to consider. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. On studying current analyst estimates, we found that analysts expect the company to continue its recent growth streak. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.