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Governors' Wind Energy Coalition

July 8, 2020

Top Story

Warren Buffett bets big on gas after his oil ‘mistake’

By Corbin Hiar, E&E News reporter  •    •  Posted 2020-07-07 14:40:45

Warren Buffett’s recent investments suggest that the “Sage of Omaha” isn’t betting on swift action to combat climate change, according to financial analysts and environmentalists.
Twice in two years, the Berkshire Hathaway CEO’s sprawling conglomerate has dumped money into companies that produce or transport fossil fuels, the burning of which is warming the planet. That’s in spite of Berkshire’s stated commitment to the Paris climate accord, which would effectively require most countries to emit less carbon dioxide than they offset by 2050, and growing investor concerns about fossil fuel assets. [ read more … ]

Solar Energy

Solar energy company Sunrun to buy peer Vivint Solar for about $1.46 billion

By Reuters  •    •  Posted 2020-07-07 14:41:22

U.S. residential solar installer Sunrun said on Monday it will buy peer Vivint Solar for about $1.46 billion in an all-stock deal. Vivint Solar shareholders will receive 0.55 shares of Sunrun for each share held, the companies said in a statement, representing a premium of 10.4% to Vivint’s Monday close. [ read more … ]

Pandemic

Over 5,600 fossil fuel companies have taken at least $3bn in US Covid-19 aid

By Emily Holden, The Guardian  •    •  Posted 2020-07-07 14:43:18

More than 5,600 companies in the fossil fuel industry have taken a minimum of $3bn in coronavirus aid from the US federal government, according to an analysis by Documented and the Guardian of newly released data. The businesses include oil and gas drillers and coal mine operators, as well as refiners, pipeline companies and firms that provide services to the industry. [ read more … ]

Policy & Politics

House approves $1.5T plan to fix crumbling infrastructure

By MATTHEW DALY, Associated Press  •    •  Posted 2020-07-07 14:42:26

The Democratic-controlled House approved a $1.5 trillion plan Wednesday to rebuild the nation’s crumbling infrastructure, pouring hundreds of billions of dollars into projects to fix roads and bridges, upgrade transit systems, expand interstate railways and dredge harbors, ports and channels. The bill also authorizes more than $100 billion to expand internet access for rural and low-income communities and $25 billion to modernize the U.S. Postal Service’s infrastructure and operations, including a fleet of electric vehicles. [ read more … ]

Governments Eye a Green Economic Recovery. Some Industries Aren’t Convinced.

By Sarah McFarlane, Wall Street Journal  •    •  Posted 2020-07-07 14:42:00

Governments around the world are spending like never before to kick-start their economies in the wake of Covid-19 lockdowns, in many cases tying green initiatives to rescue packages, even as some industries say saving jobs should trump environmental concerns. Governments are pushing for change in some of the worst-hit industries with a dual approach: Providing bailouts on condition that companies adhere to environmental terms and offering help to promote low-carbon solutions such as electric vehicles and renewable energy. [ read more … ]

Iowa cities and towns invest in renewable energy

By Yale Climate Connections  •    •  Posted 2020-07-07 14:43:34

Kari Carney is the executive director of 1,000 Friends of Iowa. The nonprofit encourages responsible land use and sustainability in cities and towns across the state.“A lot of the communities that have been taking action are really doing it for other reasons – economic reasons being a big part of it, wanting to have more control over utility systems, and so forth,” she says. The small city of Bloomfield, Iowa, has been looking to renewable energy as a way to help build the local economy, “as a jobs program, as a way to really help their low-income residents,” Carney says. “So they set a goal basically of 100% energy independence.” [ read more … ]

 

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