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Governors' Wind Energy Coalition

May 27, 2021

Today’s Wind & Solar Energy News will not publish on Memorial Day.   It returns Tuesday, June 1.

Top Story

A Dutch court rules that Shell must step up its climate change efforts.

By Stanley Reed and Claire Moses, New York Times  •    •  Posted 2021-05-27 15:30:03

A Dutch court ruled Wednesday that Royal Dutch Shell, Europe’s largest oil company, must accelerate its efforts to reduce carbon dioxide emissions to tackle climate change. The District Court in The Hague ruled that Shell was “obliged” to reduce the carbon dioxide emissions of its activities by 45 percent at the end of 2030 compared with 2019. Shell has already adopted targets for emissions reduction, but the terms of the court’s decision could require the company to substantially accelerate the process of reducing emissions-producing fuels like oil and gas. [ read more … ]

Wind Energy

Biden looks to California for next phase of offshore wind

By Joshua Partlow, Washington Post  •    •  Posted 2021-05-27 15:33:13

The West Coast has lagged behind as the Biden administration pursues its ambitious goal of producing 30 gigawatts of electricity from offshore wind by 2030. The main reason has been geography. The deeper coastal waters of the Pacific make these costly construction projects even more difficult. And the U.S. military’s frequent use of the Pacific for training and maneuvers has been a complicating factor. But the Biden administration and California Gov. Gavin Newsom (D) announced on Tuesday that they plan to push ahead with West Coast offshore wind by designating two areas off the California coast for future wind energy development. If wind farms in these areas ultimately get approved in coming years they would be the first of their kind on the West Coast. [ read more … ]

Solar Energy

SEIA ramps up storage lobbying

By Politico  •    •  Posted 2021-05-27 15:32:36

The Solar Energy Industries Association announced on Wednesday the creation of its Storage Advocacy Network — a new advocacy arm to back state and federal policies that “scale competitive energy storage deployment, increase private sector investment in storage and create well-paying jobs across the entire storage value chain,” according to a release. [ read more … ]

Biden Administration

Senate Republicans make new infrastructure offer as House Democrats urge Biden to dig in

By Tony Romm and Seung Min Kim, Washington Post

May 27, 2021 at 11:30 a.m. CDT  •    •  Posted 2021-05-27 15:32:57

In an attempt to salvage stalled negotiations, Senate Republicans on Thursday unveiled a revised counteroffer for infrastructure spending, outlining roughly $928 billion in a package that’s still far short of what the White House has proposed. Only about a quarter of the total price tag appears to represent new spending above existing or expected levels under the “roadmap” put forward by Sen. Shelley Moore Capito (W.Va.) and her GOP counterparts. But lawmakers still stressed that their retooled approach “delivers on much” of what Biden had recommended in earlier talks between the two sides. [ read more … ]

Markets

Poll: Fossil fuel phaseout unpopular across age, party divide

By Nick Sobczy, E&E News  •    •  Posted 2021-05-27 15:31:44

Younger Americans are significantly more likely to be engaged on climate change policy, but the issue is still plagued by massive partisan divides, according to new survey data from the Pew Research Center. Overall, 64% of those polled said addressing climate change should be a priority, but the majority also oppose phasing out fossil fuels entirely, preferring a mix of energy resources for the future. [ read more … ]

Shell, Exxon Decisions Highlight Rethink in Energy Investment

By Anna Hirtenstein, Wall Street Journal  •    •  Posted 2021-05-27 15:30:44

A Dutch court’s demand that Royal Dutch Shell PLC slash carbon emissions is casting a spotlight on how investors approach oil companies and their strategies to manage climate risks. In one particular corner of the market—bonds issued by oil companies including Shell—investors appear to be juggling their holdings to get ahead of possible changes.On the same day, Exxon Mobil Corp. shareholders elected board members nominated by an activist investor that wants the oil giant to prepare for a post-fossil-fuel world. [ read more … ]

Millions hit road for Memorial Day with gasoline prices at 7-year high

By Marcy Deluna, Houston Chronicle  •    •  Posted 2021-05-27 15:32:01

Higher prices at the pumps are not going to stop Tyler Kuzniarek and his family from jumping in his Ford F-250 and heading to Austin this Memorial Day weekend. After more than a year of pandemic living, they are more than ready to get out of the house. Kuzniarek, however, said he expects to scale back on some of his weekend plans because rising gasoline prices are taking a bigger chunk of his paycheck. He estimates the 330-mile roundtrip drive to Austin will cost him about $180 in gasoline, on top of the $240 a week he’s spending on gas to commute from Cypress to Lake Jackson for work. [ read more … ]

EVs

Ford expects 40% of global sales to be electric vehicles by 2030

By Chris Isidore, CNN Business  •    •  Posted 2021-05-27 15:32:17

Ford is doubling down on electric vehicle development, announcing Wednesday it will invest $30 billion in electrification efforts by 2025. The automaker also pledged that 40% of its vehicles sold by 2030 will be electric. Ford had previously announced plans to spend $22 billion on electrification efforts and had recently revealed plans to build two new battery factories in a joint venture with Korean battery maker SK innovation. [ read more … ]

 

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