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Governors' Wind Energy Coalition

August 11, 2021

Top Story

The Biggest U.S. Electrical Grid Braces for Green Energy

By David R Baker and Naureen S Malik, Bloomberg  •    •  Posted 2021-08-11 16:00:45

The decision that could open the floodgates to renewable power across much of the eastern U.S. came in early July after months of closed-door haggling within an organization many Americans don’t know exists. PJM Interconnection LLC runs the country’s biggest electricity grid, a vast web of wires spanning parts of 13 states from the Jersey Shore to the Mississippi River and covering much of coal country. Its low profile is a measure of its success. PJM prides itself on keeping the lights on at a time when blackouts have plagued power grids in California and Texas, sometimes with deadly results. [ read more … ]

Senate Budget Resolution

Senate OKs $3.5T budget plan after energy, enviro debates

By Geof Koss, George Cahlink, E&E News  •    •  Posted 2021-08-11 16:02:49

The Senate early yesterday morning adopted a $3.5 trillion budget framework that sets the stage for congressional Democrats to pass sweeping legislation aimed at combating climate change and expanding other domestic programs this fall. The Senate adopted the budget in a party line vote, 50-49, after debating several amendments related to energy and the environment, including a unanimous vote against the Green New Deal. Even though the amendments were nonbinding, they aimed to put lawmakers on the record about hot-button issues. The Senate is now in its summer recess. House Democratic leaders announced yesterday they would return from their recess on Aug. 23 to adopt a budget plan, which is likely to match the Senate effort. [ read more … ]

Senate Passes $3.5 Trillion Budget Plan, Advancing Sweeping Safety Net Expansion

By Emily Cochrane, New York Times  •    •  Posted 2021-08-11 16:02:31

The Senate took a major step early on Wednesday toward enacting a sweeping expansion of the nation’s social safety net, approving a $3.5 trillion budget blueprint along party lines that would allow Democrats to fund climate change, health care and education measures while increasing taxes on wealthy people and corporations.

After an unusual bipartisan approval of a $1 trillion infrastructure package a day earlier, the vote over unanimous Republican opposition allows Senate Democrats to create an expansive package that will carry the remainder of President Biden’s $4 trillion economic agenda. The Senate adopted the measure 50 to 49, with one lawmaker, Senator Mike Rounds, Republican of South Dakota, absent. [ read more … ]

Senate Democrats’ Budget Resolution Outlines Major Climate Elements

By Lee Logan, Inside EPA  •    •  Posted 2021-08-11 16:01:21

Senate Democrats have released their sweeping $3.5 trillion infrastructure budget resolution that includes the outline of major climate mitigation policies, including a clean power incentive program, fees on methane and carbon-intensive imports and clean energy tax breaks, kick-starting a streamlined legislative process that will allow for their party-line enactment. The measures are already winning praise from Democratic senators who had threatened to block the related bipartisan infrastructure bill unless the broader climate provisions also advanced, especially in light of dire warnings about the risks of climate change from the United Nations’ Intergovernmental Panel on Climate Change [ read more … ]

EVs

About 2 in 5 Voters Back Biden’s Goal of 50% New Electric Vehicle Sales by 2030. Just as Many Oppose It

BY LISA MARTINE JENKINS, Morning Comsult  •    •  Posted 2021-08-11 16:01:59

Voters are roughly split on whether they support President Joe Biden’s recent executive order that calls for 50 percent of cars and trucks sold in the United States to be electric, plug-in hybrid or fuel cell-powered by 2030, according to polling from Morning Consult and Politico.  The survey, which was conducted in the days after Biden’s Aug. 5 announcement on new car sales, found that 43 percent of voters support the order (17 percent “strongly” and 26 percent “somewhat”) and 44 percent of voters said they oppose it (31 percent “strongly” and 13 percent “somewhat”). Predictably, Democrats are far more likely to support Biden’s announcement (71 percent) than their Republican counterparts (15 percent). Forty-five percent of independents expressed their support. [ read more … ]

BMW Has Fallen Behind in the Electric Vehicle Race. Can It Catch Up?

By Jack Ewing, New York Times  •    •  Posted 2021-08-11 16:02:15

Eight years ago, BMW was one of the first major automakers to sell a battery-powered car: The i3 broke ground with its lightweight carbon-fiber body and aluminum chassis. But lately, the German company, known for its sporty luxury cars and “ultimate driving machines,” has fallen behind in the global race to develop the next generation of electric vehicles. [ read more … ]

Markets

Big Oil Squeezes Renewable Energy Profits as Commodities Rally

By Will Mathis, Bloomberg  •    •  Posted 2021-08-11 16:01:49

The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as they’re needed most to avoid climate catastrophe. Companies from BP Plc to TotalEnergies SE are paying top dollar for clean energy assets as they transition away from fossil fuels, boosting competition and compressing margins for developers. Wind giants Orsted A/S and Vestas Wind Systems A/S reported lower returns in the first quarter, while turbine maker Siemens Gamesa Renewable Energy SA lost money as materials rallied. [ read more … ]

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