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Governors' Wind Energy Coalition

March 11, 2020

Top Story

Green Energy’s $10 Trillion Revolution Faces Oil Crash Test

By Akshat Rathi, Bloomberg  •    •  Posted 2020-03-10 15:04:42

In 2014, when the price of oil last crashed, the world’s governments had no agreement in place to fight climate change. The following year leaders signed the Paris accord. Green investments have soared since then. Some $1.2 trillion has been poured into renewable energy, and global electric vehicle sales reached 2 million last year. Bloomberg NEF expects as much as $10 trillion poured into clean energy by 2050. [ read more … ]

Coronavirsus

Republicans lukewarm on oil industry rescue

By Jeremy Dillon and Nick Sobczyk, E&E News reporters  •    •  Posted 2020-03-10 15:04:07

As oil markets wake up from yesterday’s historic drop in prices, a recurring theme throughout Capitol Hill called into question a need for any type of government financial assistance to aid the oil and natural gas industry. And according to the oil lobby, it isn’t looking for any either. “We believe we should not be reacting to one day of a market downturn,” Mike Sommers, president and CEO of the American Petroleum Institute, said during a call with reporters last night.
[ read more … ]

Coronavirus spurs ‘domino effect’ of wind, solar delays

BY Parker M. Shea, E&E News reporter  •    •  Posted 2020-03-10 15:03:48

The novel coronavirus is slowing down utility wind and solar projects in the United States due to a “domino effect” of delays through the supply chain and uncertainty about the future, according to developers and analysts. The wind industry is especially sensitive to COVID-19 impacts this year because project delays could prevent companies from capitalizing on the production tax credit Congress reauthorized in December, according to Anthony Girolami, a partner at law firm Stoel Rives LLP, which represents more than 20 utility-scale wind developers. [ read more … ]

Energy Bill

Senate bill ‘dead as a doornail’ for now over HFCs

By Geof Koss and Jeremy Dillon, E&E News reporters  •    •  Posted 2020-03-10 15:03:18

Bipartisan frustration over the lack of a vote on curbing superpolluting hydrofluorocarbons (HFCs) spilled onto the Senate floor last night, derailing — at least for now — the energy package that was widely expected to pass before the end of the week. In a surprise move, senators voted 47-44 last night on a key procedural vote for the bipartisan energy package, falling short of the 60 votes needed for the bill to advance. [ read more … ]

Energy bill stalled amid amendment gridlock

BY REBECCA BEITSCH AND JORDAIN CARNEY  •    •  Posted 2020-03-10 15:04:25

A mammoth energy policy bill hit a roadblock in the Senate on Monday night with a stalemate over amendments threatening to derail the legislation entirely. Lawmakers voted against closing debate on an updated version of the bill that included a package of noncontroversial amendments forwarded by its sponsors, a sign lawmakers are still eager to push for some of the 191 amendments that have been proposed for the bill. [ read more … ]

EVs

Tesla’s Success in Europe Catches Industry Off Guard

By Jack Ewing, New York Times  •    •  Posted 2020-03-10 15:02:33

Until recently European auto executives regarded Tesla with something like bemusement. The electric car upstart from California was burning cash, struggling with production problems, and hedge funds were betting it would fail. The car executives are not laughing anymore. Almost overnight, the Tesla Model 3 has become one of the best-selling cars in Europe. In December, only the Volkswagen Golf and Renault Clio sold more, according to data compiled by JATO Dynamics, a market research firm.
[ read more … ]

Tesla delivers almost a third of all EVs in China

By Bloomberg  •    •  Posted 2020-03-10 15:02:12

Tesla Inc. delivered almost one-third of all electric vehicles in China last month, an industry group said, signaling the Model 3 maker has been relatively unscathed by the new coronavirus outbreak that’s paralyzed much of the country. The company delivered 3,958 units in February — or about 30% of all new-energy vehicles in the country — said Cui Dongshu, secretary general of the China Passenger Car Association, in an online briefing yesterday about the country’s overall industry figures. That’s a “pretty good performance,” he said. [ read more … ]

Climate

Honolulu sues Big Oil for climate damages

By Jennifer Hijazi, E&E News reporter  •    •  Posted 2020-03-10 15:02:52

Josh Stanbro, Honolulu’s chief resilience officer, said during a press conference announcing the lawsuit that the city is following the footsteps of dozens of other municipalities challenging oil companies for “unjustly having to bear climate change and its impacts due to the information that’s been withheld over time by the fossil fuel corporations.” [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.