People think that wood pellets will reduce greenhouse gas emissions and climate change. Yet, these misguided beliefs are harming the environment. A closer look reveals a different, environmentally harmful reality. Burning wood for energy is not a climate solution. Let’s address this misconception head-on. We’ll look at why the wood pellet industry is not as […]
Statement: World’s Largest Wood Pellet Company Declares Bankruptcy
Enviva officially declared bankruptcy. They profited from excessive carbon emissions, destroying forests, and polluting communities is on the verge of collapse.
Is Biomass a Good or Bad Investment?
Biomass is sometimes called bioenergy, wood pellets, woody biomass, and more. Biomass means burning wood and other organic materials to produce energy in power plants. Governments incentivize biomass production and combustion to help them meet renewable energy goals. Biomass producers receive billions of tax dollars every year to prop up their unsustainable industry. But is […]
Statement: The Future of Enviva
This morning, Enviva, the world’s largest manufacturer of wood pellets, announced doubts about its survival. They shared this on their quarterly call with shareholders. The company cited: 3rd quarter losses of almost $100M bad long-term contracts operational challenges They are projecting even greater losses in the 4th quarter. Both the financial outlook and the company’s […]
“Waste Wood” For Bioenergy Use Is Misleading
Have you heard biomass companies and foresters say, “Bioenergy only uses waste wood for its renewable energy”? You’re not alone. It’s a common myth that biomass energy is clean, green, and climate-friendly. But what does “waste wood” mean to bioenergy facilities? What are the impacts of these practices on the environment? The Biomass Problem Before […]