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Governors' Wind Energy Coalition

July 20, 2020

Top Story

BlackRock censures seven utility companies for lack of climate action, warns of other penalties

By Emma Penrod, Utility Dive  •    •  Posted 2020-07-19 04:28:35

As of early July, BlackRock said it had identified 244 companies that have made insufficient progress on climate change and that face “material financial risks in the transition to a low-carbon economy.” BlackRock reported it has already taken action against 53 of these companies by voting against the directors responsible for the company’s sustainability initiatives or by voting in favor of climate-related shareholder proposals. The remaining 191 companies face similar action in 2021 if they do not change course beforehand, according to BlackRock. [ read more … ]

Wind Energy

Chasing net-zero emissions, BP to acquire Indiana wind farm

By Paul Takahashi, Houston Chroncile  •    •  Posted 2020-07-19 04:29:25

The move comes as major energy companies globally are addressing investor concerns about climate change and the energy transition toward renewables, and its impact on the oil and gas industry. A group of 12 energy giants on Thursday announced a plan to lower the carbon emissions rate of members’ combined upstream oil and gas operations that would result in reducing emissions between 36 million and 52 million tonnes per year by 2025. The reduction, the group said, is equivalent to the carbon emissions from energy use in between 4 million and 6 million U.S. homes. [ read more … ]

FERC

FERC kills anti-net metering plan as PURPA fight rages

By Arianna Skibell and Jeremy Dillon, E&E News reporters  •    •  Posted 2020-07-19 04:27:42

The Federal Energy Regulatory Commission made two decisions last week that affect renewable energy, prompting starkly opposing reactions from wind and solar supporters. In a unanimous vote, FERC rejected a contentious petition that sought to end nationwide net metering, a practice that requires utilities to pay rooftop solar owners for the extra electricity they generate. That sparked praise from renewable groups that also blasted the agency for a separate, final rule updating the Public Utility Regulatory Policies Act (PURPA), a 1970s energy law meant to promote the adoption of small-scale, independent wind and solar projects. [ read more … ]

One-Third of U.S. Solar Projects Relied on Rule That’s Changing

By Stephen Cunningham, Bloomberg  •    •  Posted 2020-07-19 04:28:13

A landmark 40-year-old law that’s been key to the growth of renewable energy in the U.S. is being effectively overhauled, threatening to curb demand for solar projects. Federal regulators on Thursday imposed new limits on which energy projects fall under the Public Utility Regulatory Policies Act, known as Purpa, which helped spur an entire generation of solar and wind farms across the country. More than 30% of solar facilities online today benefit from the law, according to BloombergNEF. The changes may alter those projects’ future prospects and eliminate a key incentive for future ones. [ read more … ]

Carbon Conversion

Wanted: Start-Ups That Can Turn Captured CO2 Into Vodka, Jewels

By Chris Martin, Bloomberg  •    •  Posted 2020-07-19 04:31:32

Vodka and diamonds are being enlisted in the fight against climate change. With a little ingenuity, both can be made by manipulating carbon dioxide that’s been captured from the air, which means their production could actually help stem global warming. The market for such products is promising enough that a group of clean-tech incubators is on the hunt for start-ups that can create them. [ read more … ]

Campaign 2020

Biden’s climate message: Jobs, jobs, jobs

By Adam Aton, E&E News reporter  •    •  Posted 2020-07-19 04:26:13

Joe Biden’s new climate plan commits the presumptive Democratic presidential nominee to a bevy of deadlines and targets — but the metric his campaign is emphasizing most is jobs.
The former vice president outlined a framework this week for reaching net-zero electricity emissions by 2035 and spending $2 trillion on decarbonization in his first term. But the public rollout of the plan has made little mention of those ambitious goals. [ read more … ]

What It Will Take for Biden to Keep His Climate Promise

By Leslie Kaufman, Bloomberg  •    •  Posted 2020-07-19 04:27:05

Joe Biden’s long-anticipated climate plan landed this week, and it contained big promises designed to please some of the presumptive Democratic nominee for president’s key constituencies. After four years of borderline denialism and regulatory rollbacks on climate by the Trump administration, the plan seemed to excite environmental advocates past the point of reality checks. But hey, that’s why we’re here.
[ read more … ]

Grid

Microgrid of the future emerges in Washington as Avista preps transactive DER project

By Robert Walton, Utility Dive  •    •  Posted 2020-07-19 04:37:58

Avista Energy is preparing to launch a “micro-transactive grid” in Spokane, Washington, that experts say illustrates the future of distributed energy resource (DER) management. Beyond maintaining resilient power, the microgrid will provide visibility and control of smaller loads and enable trading of energy between two buildings in a way that could lead to new businesses cases and increased market participation for DERs. 
[ read more … ]

EVs

New EV makers swerve to avoid the dealership

By David Ferris, E&E News reporter  •    •  Posted 2020-07-19 04:26:48

Buying a car in America means an anxious trip to the dealership. Often it’s a big lot in the suburbs that is stuffed with cars at inflated sticker prices, stalked by salespeople hungry for a commission, ending with a tense haggle over the final price. But a wave of electric cars are soon arriving that will do it differently. In a sign that the electric vehicle could be an agent of change for car dealers, well-known global brands like Volvo and Volkswagen AG, along with electric startups like Lucid Motors and Rivian Automotive, are borrowing heavily from the retail playbook of electric pioneer Tesla Inc. [ read more … ]

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