Please add the Governors' Wind Energy Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Wind Energy Coalition

May 12, 2020

Top Story

Air pollution deaths fell by nearly a quarter because of lockdowns: Study

By Abby Smith, Washington Examiner  •    •  Posted 2020-05-11 15:44:16

Social distancing practices reduced monthly deaths from air pollution exposure by nearly a quarter, new economic research found. Declines in travel and electricity generation, due to shelter-in-place restrictions imposed by states to slow the spread of the coronavirus, are associated with 363 fewer premature deaths per month from air pollution exposure, according to a working paper circulated Monday by the National Bureau of Economic Research. [ read more … ]

Climate

These dirty power plants cost billions and only operate in summer. Can they be replaced?

By Rachel Ramirezon, Grist  •    •  Posted 2020-05-11 15:46:10

As the U.S. approaches another scorching summer, the power grid will be tested once again. Energy use typically spikes during heat waves due to the massive amount of electricity required by widespread air conditioning. This extra demand is met by so-called peaker plants, power plants that typically only run during these periods of peak demand. These plants can emit harmful pollutants like fine particulate matter, nitrogen oxides, and sulfur dioxide into nearby communities — which are often low-income neighborhoods of color. [ read more … ]

Great River Energy to exit coal, close 1.15 GW plant, but North Dakota governor vows rescue

By Robert Walton, Utility Dive  •    •  Posted 2020-05-11 15:46:33

Minnesota’s Great River Energy on Thursday announced a plan to significantly reduce its carbon footprint by replacing a North Dakota coal plant with renewable energy projects, market purchases and grid-scale battery technology. The plan calls for retiring the 1,151 MW Coal Creek Station in the second half of 2022, and the addition of 1,100 MW of wind energy purchases by the end of 2023. Republicans in North Dakota vowed to keep the coal plant open [ read more … ]

Rockefeller heirs to Big Oil find dumping fossil fuels improved bottom line

By Steven Mufson, Washington Post  •    •  Posted 2020-05-11 15:46:54

Five years ago, members of the Rockefeller family walked away from the fossil fuels that made them rich, alarmed that burning oil and gas was causing climate change. Now it also seems like a smart financial move. The $1.1 billion Rockefeller Brothers Fund — largely free of oil and gas — has outpaced financial benchmarks, defying predictions of money managers. [ read more … ]

Pandemic

GOP lawmakers accuse Wall Street of ‘discriminating’ against fossil fuels during coronavirus pandemic

By Dino Grandoni and Paulina Firozi, Washington Post  •    •  Posted 2020-05-11 15:44:49

Republican members of Congress are coming to the defense of oil, gas and coal companies they say face “discriminatory” lending practices from Wall Street banks that have caved to pressure from environmentalists. They are worried that oil and gas companies, suffering from the economic shockwaves of the coronavirus pandemic, are not getting their fair share of $2 trillion in stimulus funding because many of the big banks playing a part in distributing the funds have policies against lending to certain fossil fuel projects. [ read more … ]

Solar Energy

Biggest US Solar Project Approved in Nevada Despite Critics

By The Associated Press  •    •  Posted 2020-05-12 04:24:15

The Trump administration announced final approval Monday of the largest solar energy project in the U.S. and one of the biggest in the world despite objections from conservationists who say it will destroy thousands of acres of habitat critical to the survival of the threatened Mojave desert tortoise in Nevada. The $1 billion Gemini solar and battery storage project about 30 miles (48 kilometers) northeast of Las Vegas is expected to produce 690 megawatts of electricity — enough to power 260,000 households — and annually offset greenhouse emissions of about 83,000 cars. [ read more … ]

Hottest U.S. Solar Market Fizzles, an Unlikely Oil-Bust Casualty

By Chris Martin, Bloomberg  •    •  Posted 2020-05-11 15:43:39

The oil crash is yanking the rug out from under the hottest U.S. solar market. Developers including Cypress Creek Renewables LLC and 8minute Solar Energy have scrapped plans to build at least 13 solar farms in Texas since crude prices began plummeting in March. Analysts warn more may follow. [ read more … ]

Markets

Oil price boom expected following pandemic crash

By Josh Siegel, Washington Examiner  •    •  Posted 2020-05-11 15:45:22

If history is a guide, an oil price boom is coming after the pandemic-generated crash. While the near-term demand picture is highly uncertain, as people reconsider their travel and work habits, this latest bust, the worst of them all, is unlikely to hasten the demise of oil. [ read more … ]

 

 

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