News

Power companies urge Biden to implement policies to cut emissions 80% by 2030

Source: By Reuters • Posted: Monday, April 19th, 2021

A group of U.S. electricity companies wrote to President Joe Biden saying it will work with his administration and Congress to design a broad set of policies to reach a near-term goal of slashing the sector’s carbon emissions by 2030. Washington should implement policies, including a clean energy standard, or CES, to ensure the electricity industry cuts carbon emissions 80% below 2005 levels by 2030, the group of 13 power interests, including generators Exelon Corp, PSEG and Talen Energy Corp, said in a letter to Biden.

Biden wants to build 500,000 EV charging stations. Where will they all go?

Source: By Shannon Osaka, Grist • Posted: Monday, April 19th, 2021

As the Biden administration prepares to push his $2 trillion infrastructure proposal through Congress — which includes a $174 billioninvestment in electric vehicles — one part of that ginormous plan has been overlooked. The U.S. currently only has about 115,000 gas stationsand 41,000 charging stations across the entire country, meaning that EV stations will have to match — and then quickly overtake — stations dispensing America’s longtime favorite fuel. Even with sufficient funding, where are those half a million new stations going to go?

Washington state passes bill with goal to phase out gasoline cars

Source: By Reuters • Posted: Monday, April 19th, 2021

Washington state lawmakers passed a bill last week setting a target to stop sales of gasoline-fueled vehicles there beginning in 2030, five years sooner than California. The target is not a firm mandate and is contingent on the state adopting a tax on vehicle miles traveled, a measure to help pay for new transportation infrastructure, according to the text of the bill.

Progressive Lawmakers to Unveil Legislation on Energy and Public Housing

Source: By Emily Cochrane, New York Times • Posted: Monday, April 19th, 2021

Top liberal lawmakers are set to unveil legislation on Monday that would modernize the public housing system and start a transition to renewable energy, offering a clear policy marker for progressives as Democrats haggle over the details of President Biden’s infrastructure plan and how to push it through Congress. The introduction of the legislation, led by Senator Bernie Sanders, the Vermont independent, and Representative Alexandria Ocasio-Cortez, Democrat of New York, is the first of multiple proposals from progressive lawmakers as they seek to influence a $2.3 trillion infrastructure overhaul to address climate change and economic inequities.

U.S., China Say They Will Cooperate to Tackle Climate Change

Source: By Dominic Lau and Philip Heijmans, Bloomberg • Posted: Monday, April 19th, 2021

The U.S. and China are committed to cooperating to tackle climate change, they said in a joint statement after meetings between senior envoys last week that were held amid rising geopolitical tensions between the two countries. The two nations will work together and with other parties to support implementation of the Paris Agreement and to promote a successful United Nations climate change conference in Glasgow later this year, they said.

Texas energy companies push back against Berkshire Hathaway’s $8 billion plan for backup power

Source: By Mitchell Ferman, Texas Tribune • Posted: Monday, April 19th, 2021

An $8.3 billion idea by Warren Buffett’s Berkshire Hathaway Energy to build 10 new natural gas power plants across the state for emergency use turned into formal legislation Thursday, when the proposal was introduced during a state Senate committee hearing. Berkshire executives, who pitched the plan to lawmakers in the weeks following February’s deadly winter storm, said revenue for the massive project would come through an additional monthly charge on Texans’ power bills.

Washington State Lawmakers Pass LCFS Bill, Program Could Start by 2023

Source: By Jordan Godwin, OPIS • Posted: Monday, April 19th, 2021

After nearly a decade of trying, Washington state could finally get its low-carbon fuel standard (LCFS). The state Senate latest week  passed the bill (HB 1091) by a 27-20 margin, with two excused, just days before Sunday’s deadline to pass bills from the opposite side of the Legislature. The bill – which would create an LCFS program in the state beginning no later than the start of 2023 – now faces further negotiation before it heads to the desk of Democratic Gov. Jay Inslee, a climate advocate who has long made it a priority to establish a program

Biden Wants the U.S. to Lead on Climate Action, But the World Needs Proof

Source: By Jennifer A Dlouhy, Will Wade and Akshat Rathi, Bloomberg • Posted: Monday, April 19th, 2021

President Joe Biden aims to prove to the world this week that the U.S. has rejoined the international fight against climate change by vowing cuts in greenhouse gas emissions that are both ambitious and achievable. Whether those cuts will be either ambitious enough to reassure skeptical alliesor achievable given myriad domestic obstacles is far from a sure thing.

These Energy Companies Are Poised to Win Under Biden’s Plan

Source: By Ari Natter, Bloomberg • Posted: Sunday, April 18th, 2021

President Joe Biden’s $2.25 trillion infrastructure bill could be a bonanza for the energy sector. If the legislative proposal passes Congress, it’s poised to unleash billions in spending on the energy sector alone — and those federal funds are sure to catalyze other spending as well.

Dems Unleash Bill Targeting Fossil Fuel Tax Breaks, Subsidies

Source: By Law360 • Posted: Sunday, April 18th, 2021

Democratic lawmakers on Thursday proposed legislation targeting the fossil fuel industry that would increase payments companies must make to the government, eliminate tax benefits and subsidies, and ban taxpayer-funded fossil fuel research and development. Sen. Bernie Sanders, I-Vt., and Rep. Ilhan Omar, D-Minn., said that their bill, the “End Polluter Welfare Act,” would save taxpayers up to $150 billion over the next ten years. They said the legislation backs up President Joe Biden’s proposals in his American Jobs plan to eliminate subsidies for fossil fuels and to provide incentives for renewable energy and the manufacturing of technologies, such as batteries and solar components.