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Governors' Wind Energy Coalition

April 25, 2022

Top Story

Wind Power’s ‘Colossal Market Failure’ Threatens Climate Fight

By Will Mathis, Ryan Beene, and Josh Saul, Bloomberg  •    •  Posted 2022-04-25 15:25:41

Optimism abounds about the future of wind power, with a clean-energy boom powering robust growth in an industry that businesses and governments agree is key to slowing climate change. But a nagging problem could keep the sector from fulfilling that promise: Turbine makers are still struggling to translate soaring demand into profit. “What I’m seeing is a colossal market failure,” said Ben Backwell, chief executive officer of trade group Global Wind Energy Council, noting a mismatch between government targets for new wind power and what’s happening on the ground. “The risk is we’re not on track for net zero [emissions] — and the other risk is the supply chain contracts, instead of expanding.” [ read more … ]

Wind Energy

Meet Greg Abel, the Iowan chosen to succeed Berkshire Hathaway CEO Warren Buffett

By Donnelle Eller, Des Moines Register  •    •  Posted 2022-04-25 15:26:40

While Abel has kept a low profile in Des Moines, Cownie said his impact has been significant in the city and state. As Berkshire Hathaway Energy’s chairman, Abel has led the company during MidAmerican Energy’s massive investment in wind energy. MidAmerican has about 3,400 turbines in operation, mostly in Iowa, and has invested $13.6 billion in wind production since 2004. Wind provided nearly 60% of Iowa’s electricity in 2020, the highest share for any state, according to the U.S. Energy Information Administration. [ read more … ]

Solar Energy

Small-scale solar is saving New England’s climate goals

By Benjamin Storrow, E&E News  •    •  Posted 2022-04-25 15:27:21

When Claire Chang and her husband started a residential solar company here in 2008, installing photovoltaic panels on homes was a niche business. Most customers were older. The vast majority had already gone to great lengths to cut their electricity consumption. And those who installed panels on their homes were willing to absorb the costs. “The costs were so high it was a very small group of people,” Chang said. “These were the clothesline people. It was a different mindset.” Fourteen years later, distributed solar in New England is anything but small. [ read more … ]

States

Colorado’s largest coal-fired power plant could close four years earlier than proposed, documents show

By Miguel Otárola, Colorado Public Radio  •    •  Posted 2022-04-25 15:26:19

The newest generator at Colorado’s largest coal-fired power plant would shut down by 2031, four years earlier than what was initially agreed upon by operator Xcel Energy and government agencies, according to a new version of a settlement proposal obtained by CPR News Friday.
[ read more … ]

Markets

Oil prices may not drop even as companies drill more

By Mike Lee, E&E News  •    •  Posted 2022-04-25 15:25:19

Oil production is set to grow later this year, but it may not fully cure the price spikes caused by the Russian invasion of Ukraine, analysts and company executives said last week. Customer spending in North America is likely to increase by over 35 percent this year, Halliburton Co. CEO Jeff Miller said, up from the oil field service provider’s previous estimate of more than 25 percent. National oil companies in the Middle East also may increase their activity. “What’s key is we’re seeing them both at the same time,” Miller said on a conference call with analysts. [ read more … ]

Biden Administration

4 issues to watch as Dems eye reconciliation return

By Jeremy Dillon, Nick Sobczyk, E&E News  •    •  Posted 2022-04-25 15:28:11

“We’d like to move a reconciliation bill and go as far as we can, get as much done as we can with 50 votes,” Senate Majority Leader Chuck Schumer (D-N.Y.) said before the recess. Negotiations follow a series of Earth Day-inspired calls for action, including a rally in Washington over the weekend led by environmental groups. [ read more … ]

Sen. Joe Manchin Pushes for Democratic Compromise on Climate Agenda

By Timothy Puko, Wall Street Journal  •    •  Posted 2022-04-25 15:27:02

Voter unrest over high energy prices and concern over dependence on Russian energy have given Sen. Joe Manchin (D., W.Va.) leverage to press for measures promoting more domestic fossil-fuel production in the Democrats’ new climate legislation and potential executive actions. Mr. Manchin’s interests include getting financial and permitting help for natural-gas exports and oil and gas pipelines, as well as policies to make it easier for companies to drill more on federal territory, according to lobbyists and congressional aides familiar with the situation. [ read more … ]

Energy, environment Cabinet leaders to defend budget plan

By Manuel Quiñones, E&E News  •    •  Posted 2022-04-25 15:28:30

A host of administration officials leading energy and environment agencies will be on Capitol Hill this week defending President Joe Biden’s fiscal 2023 budget, including spending increases to address climate change. EPA Administration Michael Regan will answer questions from House appropriators after appearing at the Senate Environment and Public Works Committee ahead of the two-week recess [ read more … ]

Pollution

EU unveils plan for ‘largest ever ban’ on dangerous chemicals

By Arthur Neslen, The Guardian  •    •  Posted 2022-04-25 15:25:54

Tatiana Santos, the bureau’s chemicals policy manager, said: “EU chemical controls are usually achingly slow but the EU is planning the boldest detox we have ever seen. Petrochemical industry lobbyists are shocked at what is now on the table. It promises to improve the safety of almost all manufactured products and rapidly lower the chemical intensity of our schools, homes and workplaces.” [ read more … ]

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