With negotiators nearing an accord on permanent tax breaks for businesses worth $440 billion over 10 years, President Obama rallied Democratic opposition on Tuesday and promised a veto. The president would veto the proposed deal because it would provide permanent tax breaks to help well-connected corporations while neglecting working families,” said Jennifer Friedman, a White House spokeswoman.The deal, negotiated by House Republicans and aides to Senator Harry Reid of Nevada, the outgoing majority leader, showed how much power has shifted since the Republican election victories this month. The negotiations fractured Democrats, and separated the Obama administration from Mr. Reid.
The Federal Energy Regulatory Commission is working on a proposed rule that would ensure that two important segments of the nation’s energy sector — the electric and gas industries — are aligned. FERC’s proposed rule, part of a series of orders, would revise the agency’s current regulations to better coordinate the schedule of gas and power markets, a needed step in light of the country’s growing dependence on natural gas.
The Interior Department today announced it will hold an auction Jan. 29 of 742,000 acres of federal waters off Massachusetts for commercial wind development, the agency’s largest competitive lease sale to date. The Massachusetts wind energy area could support up to 5,000 megawatts of wind generation, according to scientists at the National Renewable Energy Laboratory in Golden, Colo. A dozen companies have qualified to take part in the online auction, which will consider both monetary and nonmonetary factors — such as community benefit or power purchase agreements — to determine a winner
The conservative Americans for Prosperity (AFP) is publishing advertisements pushing individual Republicans to oppose tax credits for wind energy. The ads launched Monday in the hometown newspapers of 15 GOP representatives in eight states who have not given clear positions on the wind energy production tax credit since it expired at the end of last year.
Two conservative groups announced today they will continue urging lawmakers to end a key renewable energy tax credit through print and online advertisements and other efforts to mobilize activists in their home states. Americans for Prosperity launched an eight-state print advertising campaign, while the American Energy Alliance said it will be spending six figures targeting nine states with online and social media ads, among other efforts.
During the past decade, around $8 billion has been invested in the state’s wind energy industry. Wind energy generation in Kansas increased at nearly double the national average during 2013. The state’s existing wind projects are featured on a new list in this week’s paper. Wind potential in Kansas is estimated to be 952,371 megawatts, making it the second-best wind resource in the country, according to the National Renewable Energy Laboratory. Such potential is capable of meeting more than 90 times the state’s current electricity needs.
It was the best of times, it was the worst of times. One technology giant on the forefront of renewable energy implementation has come out on why it rolled back its research and development while another, which has been largely inactive on the sustainability front, has just announced a new goal of achieving 100 percent renewable energy use.
Whatever the future holds, it is clear that Podesta has already had an outsized effect. Environmentalist and Democratic strategist Glenn Hurowitz, the executive director of the firm Catapult, describes Podesta’s time at the White House in epochal terms. “You can divide the Obama administration’s environmental policy-making into BP and AP,” he says. “Before Podesta and After Podesta.”
For the solar and wind industries in the United States, it has been a long-held dream: to produce energy at a cost equal to conventional sources like coal and natural gas. That day appears to be dawning.The cost of providing electricity from wind andsolar power plants has plummeted over the last five years, so much so that in some markets renewable generation is now cheaper than coal or natural gas.
A survey released Wednesday by Yale’s Project on Climate Change Communication asked 1,275 adult voters if they would support “strict carbon dioxide emission limits on existing coal-fired power plants to reduce global warming and improve public health,” even if “the cost of electricity to consumers and companies would likely increase.” Twenty-three percent responded they would “strongly” support the policy, and 44 percent said they would “somewhat” support it.