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Governors' Wind Energy Coalition

June 22, 2022

Top Story

Biden Pushes Congress for Three-Month Gas Tax Holiday

By Zolan Kanno-Youngs and Lydia DePillis, New York Times  •    •  Posted 2022-06-22 15:48:13

President Biden called on Congress on Wednesday to temporarily suspend the federal gas tax, an effort to give Americans “just a little bit of breathing room” from soaring fuel prices even as economists and lawmakers in both parties expressed skepticism that the move would make much of a difference. During an afternoon speech, Mr. Biden asked Congress to lift the federal taxes — about 18 cents per gallon of gasoline and 24 cents per gallon of diesel — through the end of September, shortly before the fall midterm elections. The president also asked states to suspend their own gas taxes, hoping to alleviate the economic pain that has contributed to his diminishing popularity. [ read more … ]

Biden’s Gas Tax Holiday May Not Lower Gas Prices at the Pump

By Devika Krishna Kumar, Bloomberg  •    •  Posted 2022-06-22 15:48:52

Suspending the federal gasoline tax may sound like welcome relief for US drivers paying some of the highest pump prices on record right as the summer travel season kicks into high gear. But experts warn it could bring mixed results — or even higher gas prices in the end. [ read more … ]

Wind Energy

Gov. John Bel Edwards signs offshore wind bill despite worries it may discourage wind farms

BY TRISTAN BAURICK, The Times-Picayune/The New Orleans Advocate  •    •  Posted 2022-06-22 15:48:30

Gov. John Bel Edwards signed an offshore wind energy bill Tuesday that has received mixed reviews from proponents of the Gulf of Mexico’s nascent wind industry. Edwards, who strongly backs offshore wind development in the Gulf, signed House Bill 165, which creates a framework that would allow offshore wind leasing for the first time in Louisiana waters. Some members of the offshore wind industry objected to a provision that lets the state take a cut of wind farm revenues while also charging for leases. [ read more … ]

Solar Energy

Solar developers pledge $6B for made-in-America panels

By David Iaconangelo, E&E News  •    •  Posted 2022-06-22 15:47:53

Several large U.S. solar developers have announced a new coalition that will buy up to $6 billion in made-in-America panels, in a move that could more than double the country’s panel-manufacturing capacity. The new US Solar Buyer Consortium said yesterday it had opened a request for proposals from U.S. manufacturers who could supply up to 7 gigawatts of solar panels per year, starting in 2024.
[ read more … ]

Markets

High Gas Prices Hit Demand as Drivers Cut Back at the Pump

By Jennifer Hiller and Collin Eaton, Wall Street Journal  •    •  Posted 2022-06-22 15:51:43

American drivers are starting to buy less gasoline as they feel the economic burden of record prices that continue to hover near $5 a gallon. In the first full week of June, gasoline sales at U.S. stations were down about 8.2% compared with the same week last year—the 14th consecutive week that sales have lagged behind 2021 levels, according to surveys by energy-data provider OPIS.
[ read more … ]

Oil CEOs will visit White House for emergency meeting

By Scott Waldman, E&E News  •    •  Posted 2022-06-22 15:50:31

Responding to President Joe Biden’s call for an explanation of soaring petroleum prices and surging industry profits, oil and gas executives will visit the White House tomorrow for an emergency meeting with Energy Secretary Jennifer Granholm. Granholm and White House officials will meet with executives from BP PLC, Chevron Corp. and Phillips 66 Co., the companies confirmed to E&E News. Other oil majors, including Shell PLC and Exxon Mobil Corp., didn’t confirm their attendance. [ read more … ]

Crude Relations: Many U.S. Voters Back Closer Ties With Dictators for Cheaper Oil

BY MATTHEW KENDRICK, Morning Consult  •    •  Posted 2022-06-22 15:52:04

As gas prices in the United States reach historic highs, President Joe Biden heads to Saudi Arabia next month to improve ties with the state he once promised to make a “pariah,” but voters aren’t necessarily warming to the idea of reaching out to dictators for in a bid for cheaper gas, a new Morning Consult/Politico survey shows, with support for such efforts down slightly since March. [ read more … ]

Commentary

Nuclear Is The Future. Tiger and Bill Gates Know It

By Anjani Trivedi, Bloomberg  •    •  Posted 2022-06-22 15:49:59

As energy security becomes a growing source of angst, it’s clear that large-scale, reliable use of renewable resources remain a distant reality in many countries. That’s allowed a more controversial — and almost perfect — alternative to make a comeback: nuclear. Trouble is, nobody wants a reactor in their backyard and the memories of past accidents remains a serious concern.  But with costs rising and few solutions at hand, both governments and companies are turning to nuclear power as a cleaner and cheaper source to help them reach their ambitious climate goals.  [ read more … ]

Congress

Biden eyes deal as Manchin resists clean energy incentive

By Nico Portuondo, Jeremy Dillon, E&E News  •    •  Posted 2022-06-22 15:51:17

National Economic Council Director Brian Deese said this weekend the administration was hopeful a budget reconciliation deal that tackles inflation and utility costs could be done before September. Deese told CBS News “Face the Nation” Sunday that the potential package would be the “most impactful” thing the administration and its Democratic allies could do to lower energy prices. [ read more … ]

5 takeaways from the energy, environment spending bills

By George Cahlink, E&E News  •    •  Posted 2022-06-22 15:50:55

House appropriators yesterday advanced legislation to increase energy and environment spending. The House Interior-EPA Appropriations Subcommittee approved legislation to provide $44.8 billion in fiscal 2023, a $6.8 billion increase over current dollars. The Energy-Water Appropriations Subcommittee backed a $56.3 billion measure that means a $3.4 billion increase over current spending. [ read more … ]

EVs

Manchin says EV Tax Credit Bonus Is Gone From Spending Bill

By Ari Natter, Bloomberg  •    •  Posted 2022-06-22 15:49:09

Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Senator Joe Manchin as they seek to wrap up negotiations on a spending deal. “It’s gone,” Manchin said in an interview at the Capitol Tuesday. [ read more … ]

Electric Trucks Get Boost From Multi-Megawatt Charging Stations

By Ryan Fisher, Bloomberg  •    •  Posted 2022-06-22 15:49:29

Broad adoption of heavy-duty electric trucks is looking closer than ever with manufacturers releasing new big rigs and the announcement that multi-megawatt charging is coming in 2024. Attendees at the EVS 35 electric-vehicle conference in Oslo last week were able to check out a Scania truck charging at more than 1 Megawatt. That’s roughly four times greater than what Tesla’s Model 3 can charge. Swiss industrials firm ABB showed off its new multi-megawatt charger it says will be ready for pilots next year and commercial deployment in 2024. That product boasts an impressive capacity of up to 3MW. [ read more … ]

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