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Governors' Wind Energy Coalition

April 9, 2020

Top Story

Pandemic response test-drives climate policy. Will it work?

By Adam Aton, E&E News reporter  •    •  Posted 2020-04-08 15:13:23

There’s an echo of climate policy in the federal government’s plan to send most Americans a check. Congress has responded to the coronavirus pandemic and its associated economic shocks by passing the Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion relief package that includes one-time payments of $1,200 to most adults along with $500 for children. [ read more … ]

Markets

Trump plays cat-and-mouse game with U.S. oil industry by flip-flopping on import tariffs

By Dino Grandoni, Washington Post  •    •  Posted 2020-04-08 15:14:00

To tariff, or not to tariff, that is Donald Trump’s question. The president is threatening to use one of his favorite economic weapons to protect the U.S. oil industry, long loyal to him, from a flood of foreign oil uncorked by Saudi Arabia and Russia.  [ read more … ]

Oilfield companies cut jobs, brace for bankruptcies

By Liz Hampton, Reuters  •    •  Posted 2020-04-08 15:13:46

More oilfield service companies dismissed workers this week and law firms braced for an onslaught of coming bankruptcies in an industry slammed by slumping fuel demand and crashing prices during the coronavirus pandemic. Firms that provide oilfield services and equipment had barely recovered from the 2014-2016 downturn before crude oil prices last month plunged to near two-decade lows. Many were already operating on thin margins, and now face customers pushing for deep price cuts. [ read more … ]

How Burning Wood, Once a Viable Power Source, Fell Out of Favor in the U.S.

By Will Wade, Bloomberg  •    •  Posted 2020-04-08 15:14:15

Out in the Piney Woods of East Texas, on the outskirts of a town that’s supported a thriving logging industry for more than a century, there’s a hulking power plant for sale. But it hasn’t run since 2015 and never turned a profit. The most likely outcome is getting bought, dismantled, and hauled off to some place where producing electricity from burning wood makes  economic sense; the numbers don’t work here anymore. [ read more … ]

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