Gov. Inslee says fund education, transportation, clean energy

Source: By RACHEL LA CORTE, Associated Press • Posted: Thursday, January 15th, 2015

Gov. Jay Inslee says Washington state has a moral obligation to address carbon pollution and used his State of the State address Tuesday to tout his recent proposal for a cap-and-trade program that requires the largest industrial polluters to pay for every ton of carbon they release. “We face many challenges, but it is the growing threat of carbon pollution that can permanently change the nature of Washington as we know it,” Inslee said in prepared remarks. Inslee said the state must meet a 2008 legislative mandate to drastically reduce greenhouse gas emissions blamed for global warming. The requirement sets an overall limit on heat-trapping gases similar to a program that California launched nearly three years ago.

Biden to host Caribbean energy summit 

Source: Robin Bravender, E&E reporter • Posted: Wednesday, January 14th, 2015

Vice President Joe Biden is preparing to host a Caribbean energy security summit in Washington, D.C., later this month, the White House announced yesterday. Biden will welcome Caribbean heads of government, members of the private sector and other officials Jan. 26 at the event, aimed at promoting “a cleaner and more sustainable energy future in the Caribbean through improved energy governance, greater access to finance, and donor coordination,” according to the White House.

CEQ chief’s departure adds to energy exodus 

Source: Robin Bravender, E&E reporter • Posted: Wednesday, January 14th, 2015

The White House is on the verge of another exodus of top environment and energy staffers. Mike Boots, the acting chairman of the White House Council on Environmental Quality, plans to leave the administration in March, a CEQ spokeswoman said. His departure will come a month after President Obama’s top environmental aide, John Podesta, is slated to step down.

Dairy, utilities end dispute as family sells farm in closely watched case 

Source: Emma Nelson, Minneapolis Star Tribune • Posted: Wednesday, January 14th, 2015

A coalition of utilities behind a $2 billion power line project are buying a family-owned Minnesota dairy farm, potentially setting a precedent for other farms along the line’s route. Cedar Summit Farm, which the Minar family has farmed since 1926, announced “with a heavy heart” last week that it will close this Friday or earlier if it runs out of its signature cream-topped, organic milk.

Ohio renewable energy policies spurred growth, now driving away business, report says

Source: By Jackie Borchardt, Northeast Ohio Media Group  • Posted: Wednesday, January 14th, 2015

Ohio’s renewable energy policies sparked tremendous investment in the industry, but recent moves by state lawmakers have slowed that growth and threaten its future, according to a report released Tuesday. Ohio was No. 13 in the country for new capacity and private investment in wind at the end of 2012, according to the Pew report. However, new investment halted in 2013 because of “uncertainty” created by legislative debate over Ohio’s renewable energy standards and the expiration of a federal production tax credit, according to the report.

Cap-and-trade fund grows to $1B; groups say it could reach $2B 

Source: Anne C. Mulkern, E&E reporter • Posted: Tuesday, January 13th, 2015

California will spend $1 billion to combat climate change under a new budget proposal from Gov. Jerry Brown. But some argue it will reach $2 billion. The money in the Democrat’s draft fiscal 2015-16 budget comes from the state’s cap-and-trade program for carbon emissions, which requires some businesses to account for their greenhouse gas pollution. They buy allowances at auction, with the funds going into California’s coffers.

Feeding the Beast With Ever-Cheaper Oil

Source: By JOHN SCHWARTZ, New York Times • Posted: Tuesday, January 13th, 2015

GOOD news! Oil prices have dropped through the floor. Or is it bad news? That depends entirely on whose news you’re talking about. For most of us, the most immediate impact of the price of a barrel of crude dipping below $50 is lower prices at the fuel pump. It wasn’t long ago that I paid more than $3.50 a gallon to gas up; during my visit to Texas over the holidays, I marveled at a gas-station receipt for $1.96 a gallon. I’m thinking of having it framed. Or maybe bronzed.

Wind energy hits headwinds

Source: By Peter Galuszka, Washington Post • Posted: Tuesday, January 13th, 2015

A proposed 145-acre, 20-megawatt project in Clarke County is being scuttled because Dominion Resources has shown little interest in buying its power. In New England, a pioneering offshore wind project, Cape Wind, is on the ropes because of the merger of two utilities and opposition by one of the Koch brothers. Cape Wind off Cape Cod might have been the nation’s first real offshore wind farm. It would run 130 turbines in Nantucket Sound with electric utilities buying the output.

Wind energy shifts direction

Source: By Lindsay Kalter, Boston Herald • Posted: Tuesday, January 13th, 2015

With the Cape Wind project on the ropes, the industry’s future in Massachusetts may rest on a federal wind power auction later this month for a sprawling area off Martha’s Vineyard. Twelve companies have qualified to bid Jan. 29 as the federal government auctions four commercial leases for 742,000 acres of sea roughly 14 miles south of Martha’s Vineyard. The power generated, if leased and used by the industry, could provide electricity for about 1.4 million homes, the Bureau of Ocean Energy Management said.

Oil Prices Fall to Lowest Since 2009

Source: By CLIFFORD KRAUSS, New York Times • Posted: Tuesday, January 13th, 2015

Oil prices took another sharp turn downward on Monday to levels not seen since the depths of the 2009 recession. Several international banks predicted even lower prices later this year because of an oversupplied global crude market. The latest daily downward spiral of more than 5 percent has brought several crude oil benchmarks down by more than 55 percent since June in one of the fastest drops ever for the volatile commodity. The drop came even as Venezuela and Iran coordinated their efforts to persuade OPEC to cut production; Canadian Natural Resources, a major global producer, announced deep investment cuts; and American companies dropped their rig drilling count at quickening speed.