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Governors' Wind Energy Coalition

March 7, 2022

Top Story

Amid war, Biden reluctant to unleash clean energy rhetoric

By Adam Aton, E&E News  •    •  Posted 2022-03-07 15:07:54

Biden has avoided linking the diplomatic and economic isolation of Russia — one of the world’s top three oil producers — to his goal of decarbonizing the economy, as international allies and some other Democrats have. Nor has Biden heeded calls from industry, Republicans and Sen. Joe Manchin (D-W.Va.) to jump-start domestic drilling to replace Russian oil. Those responses would not soothe today’s spiking energy prices, experts say, because more drilling or more renewable energy would take months or years to come online. [ read more … ]

Solar Energy

Me first — Solar manufacturing push

BY JOSH SIEGEL, Politico  •    •  Posted 2022-03-07 15:08:14

The Solar Energy Manufacturing for America Coalition, representing 16 panel and equipment companies, is out with a letter to Biden on Mondaywarning the U.S. risks “losing the domestic solar manufacturing industry forever” if Democrats fail to pass massive tax breaks that were included in the imperiled Build Back Better Act. “Moving from foreign dependence on fossil fuels to foreign dependence on clean energy is not how we can truly build back better and meet our climate targets,” write the companies, including First Solar, Mission Solar, Sunnova and Heliene. [ read more … ]

Markets

Bum-rush towards ban

BY JOSH SIEGEL, Politico  •    •  Posted 2022-03-07 15:08:38

A U.S. prohibition alone would affect a small slice of the global energy market, as refiners already started shifting to other sources amid rising tensions in Europe. “For the U.S, declaring an embargo on Russian oil is an easy step to take,” Antoine Halff, an adjunct senior research scholar at Columbia University’s Center on Global Energy Policy told ME. “U.S. importers right now are staying away from Russian barrels. It’s happening de-facto anyway.” Most of what Russia sends to the U.S. is not crude, but rather unfinished oils or heavy oil that refiners use for blending purposes. [ read more … ]

Just how much oil can the U.S. pump?

By Benjamin Storrow, E&E News  •    •  Posted 2022-03-07 15:09:56

Analysts say it would take time for U.S. oil output to rise. American oil companies are emerging from a series of lean years. The profligate spending of the early shale boom chastened Wall Street — with lenders prioritizing capital discipline over expansive new drilling programs. Economic shutdowns associated with the Covid-19 pandemic prompted many companies to slash their capital budgets in 2020. And efforts to stand up rigs again have been hampered by a tight labor market and a supply chain crunch. [ read more … ]

Ukraine

War in Ukraine Overshadows Energy Transition as Oil CEOs Gather

By Paul Takahashi, Bloomberg  •    •  Posted 2022-03-07 15:09:18

“Oil companies are kind of saying, ‘See, you really do need us,’” said Ed Hirs, an energy professor at the University of Houston. “To be fair, they’ve been put on the defensive since the Nixon era when they were being wrongly blamed for the long gasoline lines.” [ read more … ]

Ukraine crisis scrambles congressional energy politics

By Emma Dumain, E&E News  •    •  Posted 2022-03-07 15:09:39

Members of Congress are coalescing around a ban on Russian oil imports to the United States. The growing sentiment comes amid bipartisan horror at Russia’s invasion of Ukraine and on the heels of a virtual meeting over the weekend with nearly 300 lawmakers and Ukrainian President Volodymyr Zelenskyy.
[ read more … ]

EVs

The Week Rivian and Lucid Drove Off Course

By Stephen Wilmot, Wall Street Journal  •    •  Posted 2022-03-07 15:08:53

This year is proving how hard that is, particularly in an environment of component shortages more generally. Lucid said Monday that the key bottlenecks it faced were in comparatively trivial parts such as glass and carpets rather than in core technologies, but they still are keeping it from delivering as many cars as hoped. Investors are by now well versed in the lesson that small parts can have big impacts. Last year it applied to semiconductors. This year the spotlight may shift in the auto industry to wiring harnesses, for which Ukraine is a production center. Startups could be more exposed to shortages than established manufacturers because their limited output doesn’t justify multiple sourcing and gives them less sway with suppliers. [ read more … ]

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