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Governors' Wind Energy Coalition

November 18, 2021

Top Story

Pelosi Predicts Thursday Vote on Biden’s Ambitious Social Policy Bill

By Jonathan Weisman and Emily Cochrane, New York Times  •    •  Posted 2021-11-18 15:11:19

House Democrats, increasingly confident that they have the support to pass their $1.85 trillion social policy and climate change bill, drove toward a vote on the package as early as Thursday evening, with Speaker Nancy Pelosi expressing optimism that the measure would ultimately reach President Biden’s desk. “It is my hope that we will complete this legislation today,” Representative Steny H. Hoyer of Maryland, the majority leader, said Thursday during debate of the legislation on the House floor, drawing scattered applause from lawmakers eager to leave Washington for a weeklong Thanksgiving recess. [ read more … ]

Wind Energy

Inside Clean Energy: For Offshore Wind Energy, Bigger is Much Cheaper

By Dan Gearino, Inside Climate News  •    •  Posted 2021-11-18 15:11:35

Five years ago, when workers off of Rhode Island installed the first offshore wind farm in the United States, the 6-megawatt turbines were almost disorienting in their size, nearly double the height of the Statue of Liberty and its base. But big keeps getting bigger. Last month, GE Renewable Energy said it has begun operating a prototype of a 14-megawatt offshore wind turbine, nearly three times the height of the Statue of Liberty and its base, in the waters off Rotterdam in the Netherlands. [ read more … ]

Reconciliation Bill

Dems get good news with CBO score for climate provisions

By Nick Sobczyk, Emma Dumain, George Cahlink, E&E News  •    •  Posted 2021-11-18 15:12:43

As the House prepares to vote this week on the $1.7 trillion “Build Back Better Act,” there continue to be many moving parts. But the release of the CBO score gave no indications of red flags that would irk a group of Democratic moderates. The original allocation from the House Natural Resources Committee was $26.5 billion, but the topline spending now appears to be closer to $16 billion, CBO found. That’s a reflection of lawmakers’ decision to shave down the price tag of the entire package from $3.5 trillion to $1.7 trillion. [ read more … ]

Federal EV funds challenge Biden environmental justice plan

By David Iaconangelo, E&E News  •    •  Posted 2021-11-18 15:12:25

A $7.5 billion national charging network funded by the infrastructure law signed by President Biden this week should be built with a focus on helping traditionally underserved communities, according to a document signed by many of the nation’s most influential energy groups. Yet the groups’ call is resurfacing questions about how the Biden administration will interpret its own environmental justice pledges, which include carving out 40 percent of the “benefits” of all clean energy spending for disadvantaged communities. [ read more … ]

Markets

‘Greenflation’: Could climate action overheat the economy?

By Jael Holzman, Heather Richards, E&E News  •    •  Posted 2021-11-18 15:13:05

“It is the upward cost — the upward pressure on costs — for going green, or as a direct result for being green,” explained Jack Manley, global market strategist of J.P. Morgan Asset Management.
“We’re very clearly seeing it happen in prices right now,” he said, “and I think it’s going to give a little bit of a sticker shock and surprise some of the people that are interested in this transition over the next couple of years.”
[ read more … ]

Biden’s Remedy for High Gasoline Prices: Blame Oil Companies

By Ari Natter and Jennifer Epstein, Bloomberg  •    •  Posted 2021-11-18 15:11:51

The Biden administration has a new response to soaring oil and gasoline prices it sees as politically perilous: blaming big oil. The latest example came Thursday morning when White House Chief of Staff Ronald Klain tweeted a link to an article about decreasing oil prices.  “Oil prices are falling,” Klain said. “Now, when will the industry bring down gas prices????” [ read more … ]

China Releasing Some Oil From Strategic Reserves After U.S. Invite

By Bloomberg News  •    •  Posted 2021-11-18 15:12:05

China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs. U.S. President Joe Biden and Chinese President Xi Jinping had discussed the merits of releasing oil from strategic reserves during their virtual summit this week, and Beijing’s decision will be seen as a win in Washington’s campaign to bring down prices. The administration has been lobbying Asian nations including China, India, Japan and South Korea to release reserves after OPEC+ rebuffed pressure from Biden to pump more crude. [ read more … ]

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