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Governors' Wind Energy Coalition

March 22, 2022

Top Story

Oil Thirst Is Forcing Biden to Pivot U.S. Back to Saudi Arabia

By Matthew Martin, Bloomberg  •    •  Posted 2022-03-22 14:49:33

President Joe Biden has been reluctantly drawn into closer ties with Saudi Arabia’s king-in-waiting, forced by Russia’s invasion of Ukraine to rethink a standoffish approach as the U.S. struggles to curb soaring oil prices.  The problem is Crown Prince Mohammed bin Salman isn’t ready to play along.  [ read more … ]

States

Maryland, Georgia Pause Gas Taxes With Prices Near Record Highs

By Joseph De Avila, Wall Street Journal  •    •  Posted 2022-03-22 14:47:27

Lawmakers across the U.S. are pushing to pause the collection of gasoline taxes to give drivers a temporary break at the pump as fuel costs hover near record highs.  Maryland and Georgia are temporarily cutting state gasoline taxes as fuel prices have surged world-wide amid Russia’s invasion of Ukraine, which sent shock waves throughout the oil market. California is considering giving drivers a $400 rebate to help cushion the blow of high gasoline prices.  Lawmakers in Illinois, Massachusetts, Maine, Michigan, Minnesota, New York and Tennessee are also weighing whether to suspend their state taxes on gasoline.  [ read more … ]

Markets

China to boost renewable power, balance with oil and gas to 2025

By Muyu Xu and Chen Aizhu, Reuters  •    •  Posted 2022-03-22 14:51:15

China aims to increase renewable power, maintain crude oil output and boost natural gas production, as it seeks to balance energy security and achieve its climate change goals. China, the world’s biggest greenhouse gases emitter, has said its carbon emission would peak by 2030, while it has said it would achieve carbon neutrality by 2060. [ read more … ]

Climate

SEC sparks fight over plan to publicize climate pollution

By Avery Ellfeldt, E&E News  •    •  Posted 2022-03-22 14:48:56

The Securities and Exchange Commission broke new ground yesterday when it unveiled a 510-page rulebook that, if finalized, would force companies to provide investors with more information to help them better account for the economic realities of a warming world. The SEC’s proposed climate disclosure rules touch everything from corporate emissions goals to long-term climate strategies. But in the immediate aftermath of the rule’s release, groups on all sides of the issue were grappling with one element in particular — the agency’s treatment of Scope 3 emissions, or the carbon output associated with a company’s customers and suppliers. [ read more … ]

Biden Administration

Biden visits the CEOs who helped kill ‘Build Back Better’

By Scott Waldman, E&E News  •    •  Posted 2022-03-22 14:48:21

President Biden spoke to a roomful of opponents on climate change yesterday. Biden addressed the Business Roundtable, a crowd of CEOs from some of the country’s largest companies that have invested millions of dollars to tank his climate agenda and lobby against the Democrats’ “Build Back Better” package. But the president’s appearance at the Business Roundtable’s quarterly meeting in Washington also signals a recognition in the White House that a shift is underway on climate policies within the group. [ read more … ]

EVs

Top Democrats probe USPS fleet contractor

By Arianna Skibell, E&E News  •    •  Posted 2022-03-22 14:46:35

Top Democrats on the House Oversight and Reform Committee have launched an investigation into Oshkosh Defense LLC, the company awarded a multibillion-dollar contract to replace the U.S. Postal Service’s aging fleet of vehicles. In a letter sent last week, the lawmakers demanded the Wisconsin-based company produce documents related to its use of unionized labor and production of electric vehicles.
[ read more … ]

For Car Designers, E.V.s Offer a Blank Canvas

By Paul Stenquist, New York Times  •    •  Posted 2022-03-22 14:46:55

The internal combustion engine is exiting stage left. While it provided great transportation and performance thrills for many years, it will no longer play a leading role. In its place under the hood will be, well, very little. Ready or not, the curtain is going up on electric vehicles, and most of their mechanical components don’t sit where fossil-fuel engines once performed. Electric motors — far smaller than gasoline engines — are mounted between the wheels. A large transmission no longer gobbles up passenger space. No drive shaft is needed, thus no tunnel in the middle of the floor. The rear seat doesn’t have to be positioned to provide room for a fuel tank. [ read more … ]

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