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Governors' Wind Energy Coalition

April 6, 2022

Top Story

U.S. Gasoline Price Shock’s Roots Go Deeper Than Crude’s Surge

By Sophie Caronello, Bloomberg  •    •  Posted 2022-04-06 15:03:25

America’s drivers are being squeezed at the pump, and the root cause is surging oil prices. But that’s not the whole story. Gasoline prices rise and fall with the price of crude, though not always in sync or to the same extent. Add to that: taxes, refining costs, and distribution and marketing costs. On Wednesday, executives from six oil companies will testify before Congress to help provide clarity on the economics of the record-high prices. [ read more … ]

Wind Energy

Wind energy needs dramatic increase to hit net-zero goals, new report says

By Anmar Frangoul, CNBC  •    •  Posted 2022-04-06 15:02:15

The wind energy sector had its second best year in 2021 but installations will need to dramatically increase going forward to keep track with net-zero goals, according to a new report from the Global Wind Energy Council. Published Monday, the GWEC’s Global Wind Report 2022 said 93.6 gigawatts of capacity was installed last year, a little lower than the 95.3 GW installed in 2020. Cumulative capacity grew to 837 GW. Capacity refers to the maximum amount of electricity installations can produce, not what they’re necessarily generating. [ read more … ]

Wind company pays $35 million over eagle deaths

BY MATTHEW CHOI, Politico  •    •  Posted 2022-04-06 15:00:28

A subsidiary of NextEra Energy will pay over $35 million to settle violations of the Migratory Bird Treaty Act at its wind farms in Wyoming and New Mexico. ESI Energy Inc. pled guilty to the three counts over golden eagles killed by blunt force trauma after striking wind blades, though at least 136 bald and golden eagles have been killed by a blade strike at 50 different ESI facilities since 2012, according to DOJ [ read more … ]

Solar Energy

Solar industry: We’re in ‘most serious crisis’ in history

By David Iaconangelo, E&E News  •    •  Posted 2022-04-06 15:00:05

The biggest solar trade group released a survey yesterday accusing the Biden administration of wreaking havoc within the industry, after the Commerce Department opened a probe that could end in new tariffs for most solar panels and cells. The survey from the Solar Energy Industries Association (SEIA) compiled responses from more than 200 solar companies, many of whom are members of SEIA and range from manufacturers to utility-scale installers and residential specialists. [ read more … ]

Markets

Cantwell mulls Enron-like transparency mandates for petroleum

By Jeremy Dillon, E&E News  •    •  Posted 2022-04-06 15:02:46

The congressional fight over high energy prices may give lawmakers an opening to introduce Enron-like transparency reforms into how the federal government monitors the trade of large transactions of petroleum products, according to a leading senator heading Democrats’ response to recent price spikes. Senate Commerce, Science and Transportation Chair Maria Cantwell (D-Wash.) said yesterday during a hearing on alleged oil market manipulation that she is crafting legislation that would extend additional authorities to the Federal Trade Commission to enable stronger responses to potential market manipulation in the spot petroleum markets. [ read more … ]

EVs

U.S. Postal Service Used ‘Faulty’ Analysis to Shun EVs, Lawmaker Says

By Todd Shields, Bloomberg  •    •  Posted 2022-04-06 15:01:48

The U.S. Postal Service used “faulty” assumptions in limiting its purchase of electric mail-delivery trucks in its $6 billion fleet replacement plan, a top House Democrat said Tuesday. The postal service used a low gas price and assumed higher maintenance costs for an electric vehicle than for gas-powered, said Representative Carolyn Maloney, a New York Democrat who is pushing for the service to buy more battery-powered vehicles.  “The evidence shows just the opposite is true,” Maloney, chairwoman of the House Oversight and Reform Committee, said at a hearing on the vehicles. [ read more … ]

GM and Honda are working to build electric vehicles that people can actually afford

By Tim Levin, Insider  •    •  Posted 2022-04-06 15:01:29

Electric cars still cost much more than their gasoline-fueled counterparts, but that may change as automakers around the globe pour resources into developing new vehicles and producing them at scale.  General Motors and Honda are working to develop a series of “affordable” electric vehicles, the companies announced on Tuesday. The carmakers expect to begin selling millions of the cheaper models — including compact SUVs — starting in 2027.  [ read more … ]

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