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

October 4, 2021

Top Story

Major’ Oil Spill Off California Coast Threatens Wetlands and Wildlife

By Neil Vigdor and Melina Delkic, New York Times  •    •  Posted 2021-10-04 15:52:53

A pipeline failure off the coast of Orange County, Calif., on Saturday caused at least 126,000 gallons of oil to spill into the Pacific Ocean, creating a 13-square-mile slick that continued to grow on Sunday, officials said. Dead fish and birds washed ashore in some places as cleanup crews raced to try to contain the spill, which created a slick that extended from Huntington Beach to Newport Beac [ read more … ]

Renewable Energy

The decreasing cost of renewables unlikely to plateau anytime soon

By Doug Johnson, ARS Technica  •    •  Posted 2021-10-04 15:54:58

Past projections of energy costs have consistently underestimated just how cheap renewable energy would be in the future, as well as the benefits of rolling them out quickly, according to a new report out of the Institute of New Economic Thinking at the University of Oxford. The report makes predictions about more than 50 technologies such as solar power, offshore wind, and more, and it compares them to a future that still runs on carbon. “It’s not just good news for renewables. It’s good news for the planet.” [ read more … ]

Reconciliation Bill

Budget Deal Deadline Highlights Pressure From Glasgow Climate Meeting

By Rick Weber, InsideEPA  •    •  Posted 2021-10-04 15:53:10

Democratic leaders’ decision to postpone action until the end of October on both bipartisan infrastructure legislation and the politically linked budget “reconciliation” package is boosting pressure on the White House and lawmakers to reach a deal on major climate policies ahead of next month’s international climate talks. For months, Biden administration officials have said enactment of significant federal actions to cut greenhouse gas emissions would solidify the administration’s GHG target under the Paris climate agreement and strengthen the position of U.S. negotiators heading into the Nov. 1-12 meeting in Glasgow, Scotland. [ read more … ]

Business titans with climate goals duck reconciliation

By Corbin Hiar, E&E News  •    •  Posted 2021-10-04 15:51:54

The Democratic bid to fight climate change through budget reconciliation is posing a major test for corporate climate commitments. So far, top companies like Amazon.com Inc. and JPMorgan Chase & Co. are failing to embrace the high-stakes challenge, experts say. “We should worry that the commitments are just green-washing,” said Michael Vandenbergh, an environmental law professor at Vanderbilt Law School. [ read more … ]

Farm groups fear being left behind as budget bill shrinks

By Marc Heller, E&E News  •    •  Posted 2021-10-04 15:54:10

For groups that applauded tens of billions of dollars for farms and forests in congressional Democrats’ big spending bill last month, a less cheerful reality is beginning to settle in: The final version may be nowhere near as generous. Government support for farmland conservation, tree planting and other climate-smart practices might see big reductions as lawmakers look for ways to slash the overall cost of the budget reconciliation bill from $3.5 trillion to $2 trillion or less. [ read more … ]

Markets

Exxon Sees Green Gold in Algae-Based Fuels. Skeptics See Greenwashing.

By Christopher M. Matthews and photographs by Ariana Drehsler, The Wall Street Journal  •    •  Posted 2021-10-04 15:53:51

Some scientists regard Exxon Mobil Corp.’s long-running quest to turn algae into a transportation fuel as little more than a PR stunt. The oil giant says they are wrong. Using genetic engineering, Exxon says it is closer to its goal of fueling jet planes and heavy trucks with oil distilled from the tiny organisms. With government subsidies and incentives, it says it is on pace to make algae biofuel commercially viable by the end of the decade. [ read more … ]

Oil-Dependent Russia Seeks to Protect Economy From Energy Transition

By Georgi Kantchev, Wall Street Journal  •    •  Posted 2021-10-04 15:53:33

Russia is looking to limit spending from its sovereign-wealth fund as the global transition away from fossil fuels threatens the backbone of its economy. President Vladimir Putin has ordered the government to look into raising the threshold for tapping into the $190 billion National Wealth Fund, which holds part of the country’s oil-and-gas proceeds. Currently, authorities are able to invest money from the fund once the liquid part of its assets reaches 7% of gross domestic product. Mr. Putin now wants to raise that level to 10% of GDP, a move that would effectively curtail spending from the fund. [ read more … ]

EVs

Electric vehicles: the revolution is finally here

By Peter Campbell in London and Joe Miller in Munich, Financial Times  •    •  Posted 2021-10-04 15:52:11

At the start of the year, executives at electric carmaker Polestar drew up ambitious sales plans for the UK. Within weeks, they had to tear them up. Demand was rising so quickly that the new targets were a third higher. Today the Volvo-backed company runs around 1,000 test drives a month in the UK alone. Each week, new spaces are booked up within an hour of becoming available.
Until four years ago, Polestar specialised in tuning high performance combustion engines: now it has been transformed into one of the companies trying to tap the booming demand for battery cars. “This isn’t the niche market it was two or three years ago,” says Polestar’s UK boss Jonathan Goodman. [ read more … ]

Trams, Cable Cars, Electric Ferries: How Cities Are Rethinking Transit

By Somini Sengupta, New York Times  •    •  Posted 2021-10-04 15:54:35

a quiet transformation is underway. Berlin, Bogotá and several other cities are taking creative steps to cut gas and diesel from their public transit systems. They are doing so despite striking differences in geography, politics and economics that complicate the transformation. Berlin is reviving electric tram lines that were ripped out when the Berlin Wall went up. Bogotá is building cable cars that cut through the clouds to connect working-class communities perched on faraway hills. Bergen, a city by the fjords in western Norway, is moving its public ferries away from diesel and onto batteries — a remarkable shift in a petrostate that has for decades enriched itself from the sale of oil and gas and that now wants to be a leader in marine vessels for the electric age. [ read more … ]

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