What happens to a city street when it goes car-free? Well, San Francisco is willing to find out on Market Street.
Each week we battle the climate blues with a few uplifting stories from credible news sources. This week spelled bad news for fossil fuels as San Francisco joined the car-free street movement, renewables were predicted to overtake natural gas for the first time, and Mad Money’s Jim Cramer declares oil stocks are in their “death knell.”
by Kristen Rogers, CNN January 30, 2020
- Two miles of San Francisco’s Market Street became car-free on January 29, making room for pedestrian and cyclist traffic. The shift toward people-centered spaces follows examples set by New York, Cleveland and Oslo.
- The car-free zone is part of a ongoing effort by the city to lower its carbon emissions by prioritizing mass transit, walking and cycling.
- Per the article: “For years Market Street has been far too dangerous for pedestrians, while also boasting a half million people walking on it every single day,” said Jodie Medeiros, executive director of Walk San Francisco, a pedestrian advocacy group.
By Karl-Erik Stromsta, Green Tech Media, January 29, 2020
- In it’s 2020 Annual Energy Outlook, the U.S. Energy Information Administration (EIA) estimated for the first time that renewable energy would surpass natural gas by 2050.
- Previous reports estimated natural gas would produce 39% of the power mix while renewable sources would produce 31% in 2050. However, the latest report suggested renewables are on pace to provide 38% while natural gas will account for 36% in 2050.
- Per report: “We see renewables as the fastest-growing source of electricity generation through 2050 as cost declines make them economically competitive beyond the expiration of existing federal and state policy supports,” EIA Administrator Lisa Capuano said in a statement.
Mad Money’s Jim Cramer: “I’m done with fossil fuels. They’re Done.”
- Mad Money host Jim Cramer claims fossil fuel stocks are in a “death knell” and says young investors won’t buy them – despite high dividends – because “they’re tobacco now.”
- The fossil fuel conversation starts at approximately the 1 minute mark in the video below.
“I’m done with fossil fuels. They’re done,” @MadMoneyOnCNBC‘s @JimCramer says after oil giants Exxon Mobil and Chevron reported Q4 earnings this morning. “We’re in the death knell phase.” https://t.co/rdcmoeRGMB pic.twitter.com/yl8iP7hpMi— CNBC (@CNBC) January 31, 2020