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Governors' Wind Energy Coalition

July 7, 2022

Top Story

Democrats race to clinch deal on climate, energy with Manchin

By Maxine Joselow and Tony Romm, Washington Post  •    •  Posted 2022-07-07 15:10:01

While top Manchin aides say they are far from a deal, some Democrats are still hoping to finalize a retooled climate proposal as soon as next week, when lawmakers are set to return from recess, according to two people familiar with the matter, who spoke on the condition of anonymity because they were not authorized to comment publicly. Already, party leaders have held advanced discussions with the West Virginian on spending to combat climate change, including how to curb emissions of methane, a potent planet-warming gas, the individuals said. [ read more … ]

Solar Energy

Solar Growth Estimates for 2050 Are Aggressive, But Not Unrealistic

By Nathaniel Bullard, Bloomberg  •    •  Posted 2022-07-07 15:10:11

Two key findings from BP Plc’s annual deep dive on global energy statistics are that renewable electricity has grown at an extraordinary clip in the past two decades, and it still has very far to go. Solar and wind have expanded by orders of magnitude and now make up more than 10% of global electricity; that also means that these two technologies need to scale up market share by several factors — as the electricity system as a whole grows too — in order to decarbonize power substantially. [ read more … ]

SCOTUS

E.P.A., Curbed by Supreme Court, Falls Back on a Piecemeal Plan for Climate Change

By Lisa Friedman, New York Times  •    •  Posted 2022-07-07 15:09:47

Following the Supreme Court’s landmark ruling last week limiting the government’s ability to restrict the pollution that is causing global warming, the Biden administration is planning to use other regulatory tools in hopes of achieving similar goals. A key part of the plan: Further restrict other pollutants that coal-burning power plants emit such as soot, mercury and nitrous oxides — a move that also will reduce greenhouse gas emissions. “While the Court sided with special interests trying to take the country backwards, it did not take away E.P.A.’s ability to regulate greenhouse gases and protect people from pollution,” Gina McCarthy, the White House climate change adviser, said in a statement, referring to the federal Environmental Protection Agency. [ read more … ]

Why the Supreme Court’s climate ruling matters to the SEC

By Avery Ellfeldt, E&E News  •    •  Posted 2022-07-07 15:11:08

The Supreme Court’s EPA ruling last week is casting a shadow over a climate rule proposed by an entirely different regulator: the Securities and Exchange Commission. The SEC unveiled a proposal in March that would require companies to provide investors with reliable information about their contributions to climate change and the risks they face from a warmer planet. Since its release, the draft rule has drawn opposition from both Republican officials and business groups, who say the SEC — an independent financial agency — is overstepping its bounds. [ read more … ]

3 climate rules threatened by the Supreme Court decision

By Lesley Clark, Niina H. Farah, E&E News  •    •  Posted 2022-07-07 15:11:21

The Supreme Court ruling last week that clipped EPA’s authority to regulate global warming pollution will likely open the door to a flood of challenges claiming government agencies are overstepping their mission to tackle climate change. The court’s decision saying that agency efforts to curb emissions from power plants is a “major question” that Congress did not give EPA the authority to handle has led to a debate over other regulations that may or may not fall under the same label. The court didn’t clarify what might trigger the so-called major questions doctrine, but a host of energy, environmental and legal analysts say several initiatives could be vulnerable to challenges. [ read more … ]

States

California Plans to Quit Oil. Resistance Is Fiercer Than You Think.

By Brad Plumer, New York Times  •    •  Posted 2022-07-07 15:12:30

Across the United States, dozens of states and communities rely on fossil fuels to fund aspects of daily life. In Wyoming, more than half of state and local tax revenues comes from fossil fuels. In New Mexico, an oil boom has bankrolled free college for residents and expanded medical care for new mothers. Oil and gas money is so embedded in many local budgets, it’s difficult to imagine a future without it. [ read more … ]

Grid

Energy enters a perilous era of supply chain risks

By Christian Vasquez, E&E News  •    •  Posted 2022-07-07 15:10:50

Hackers targeting Ukraine hit a network of satellite modems and shut down the country’s internet service — hours before Russian troops crossed the border. At around the same time, the remote operator of 5,800 wind turbines across central Europe also lost communications. The jolt to both internet and electricity services in late February — affecting critical infrastructure hundreds of miles apart and tossing tens of thousands of people off the internet — sent an unmistakable signal to European leaders: They’re entering a perilous new era of cyber risks.
[ read more … ]

Congress

Democrats inch forward on reconciliation package

By Nick Sobczyk, E&E News  •    •  Posted 2022-07-07 15:11:55

Energy and climate provisions that have been a cornerstone of the budget reconciliation effort remain in flux, with details expected to trickle out over the coming weeks. Green groups, including the Sierra Club, EDF Action and the League of Conservation Voters, rallied on Capitol Hill this morning to call on Congress to pass climate legislation. Still, for Democrats, the first Byrd Bath, named for the late Sen. Robert Byrd (D-W.Va.), is an encouraging sign. [ read more … ]

Markets

Shell Has Big Plans to Drill in the Gulf of Mexico Despite Climate and Political Debate

By Jenny Strasburg and Benoît Morenne, Wall Street Journal  •    •  Posted 2022-07-07 15:12:41

Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell —the Gulf’s biggest producer—is still investing billions of dollars in its waters to pump oil for years to come. Shell’s continued ambitions in the Gulf are on full display in a sprawling fabrication yard in southeast Texas. There, the company is putting the finishing touches on Vito, its 13th major offshore project in the region, with a cost of around $3 billion, according to energy consulting firm Wood Mackenzie, shared by Shell and its partner, Norway’s. Later this month, three tugboats will tow Vito to waters around 4,000 feet deep some 150 miles southeast of New Orleans, where it will start pumping oil and gas from eight wells. [ read more … ]

Europe Calls Gas and Nuclear Energy ‘Green’

By Matina Stevis-Gridneff and Somini Sengupta, New York Times  •    •  Posted 2022-07-07 15:12:59

In a landmark vote for Europe’s climate and energy policies, the European Parliament on Wednesday endorsed labeling some gas and nuclear energy projects as “green,” allowing them access to hundreds of billions of euros in cheap loans and even state subsidies. The decision placed the European Union’s heavy thumb on the scale of a global debate about how and how quickly major industrialized economies can move from their heavy reliance on fossil fuels — and it immediately proved controversial, prompting boos from opponents inside and outside the parliamentary building in Strasbourg, France. [ read more … ]

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