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Governors' Wind Energy Coalition

February 27, 2014

Camp reform plan would ax incentives for oil and gas, renewable energy

Nick Juliano, E&E reporter  •    •  Posted 2014-02-27 06:58:22

House Ways and Means Chairman Dave Camp released his highly anticipated proposal to overhaul the tax code today, aiming to eliminate lucrative tax breaks that touch all energy sectors within a broader draft targeting economywide preferences in pursuit of a lower overall tax rate. The proposal is similar to drafts issued last year by then-Senate Finance Chairman Max Baucus. But in the energy space, at least, early indications are that the draft from Camp (R-Mich.) would be more favorable to oil and gas companies and less favorable to renewable energy firms than ideas offered by the Montana Democrat. [ read more … ]

Camp draft frames energy breaks as giveaways, rankling recipients

Nick Juliano, E&E reporter  •    •  Posted 2014-02-27 06:58:45

In releasing his long-awaited tax reform proposal that would cut most incentives for the energy industry, House Ways and Means Chairman Dave Camp was apparently eager to frame them as little more than wasteful giveaways to well-connected industries. Recipients of those deductions were quick to paint the Michigan Republican’s proposal as a dicey endeavor that risked halting the domestic energy renaissance and reversing long-standing policy goals. [ read more … ]

University of Delaware creates program to push offshore wind as a U.S. policy

Elizabeth Harball, E&E reporter  •    •  Posted 2014-02-27 06:59:11

The University of Delaware yesterday announced a new initiative to educate policymakers and other stakeholders about the value of offshore wind, ultimately aiming to aid the commercial-scale deployment of the technology off America’s shores. Called the Special Initiative on Offshore Wind (SIOW), it will be housed by the University’s College of Earth, Ocean and Environment and headed by Stephanie McClellan, formerly policy director and offshore wind adviser for Delaware Gov. Jack Markell (D). “It’s our goal to help accelerate the deployment to a scalable level necessary to address the grand challenge of global climate change and to grow our domestic clean energy economy,” said Charles Riordan, the University of Delaware’s vice provost for research, at yesterday’s announcement. [ read more … ]

Funds and New Timetable for Offshore Wind Farm in Massachusetts

By KATHARINE Q. SEELYE, New York Times  •    •  Posted 2014-02-27 06:59:29

Cape Wind, the much-delayed offshore wind farm project proposed for Nantucket Sound, said Wednesday that it had received a new loan commitment that would allow it to finish its financing this fall and begin producing power by 2016. “We expect to complete project financing in Q3,” Mark Rodgers, a spokesman for Cape Wind, wrote in an email, referring to the third quarter. “We will begin construction (on land) shortly thereafter. We will begin ocean construction in 2015 and commission the project in 2016.”
[ read more … ]

Combating climate change remains the key driver for U.S. energy research, officials say

Umair Irfan, E&E reporter  •    •  Posted 2014-02-27 06:59:51

Though energy security and economic competitiveness are important benefits, officials speaking yesterday at the Advanced Research Projects Agency-Energy Summit outside Washington, D.C., said slowing climate change is the primary driver for energy research and innovation. “I’ve certainly not shied away from emphasizing the role of climate” in driving policy, said Energy Secretary Ernest Moniz. “The big questions [around legislation], then, are what, how much and when.” [ read more … ]

Researchers claim vast offshore wind farms could calm hurricanes

Elizabeth Harball, E&E reporter  •    •  Posted 2014-02-27 07:00:11

It’s physics 101: A wind turbine spins by extracting energy from moving air. As a turbine moves faster, the wind powering the twirling blades slows down a little bit. But what happens when turbines are hit with the high-speed winds that power hurricanes like Sandy or Katrina? Could an offshore wind farm actually dampen the destructive force of a superstorm? [ read more … ]

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