While vowing to “cancel” the international Paris climate accord Obama championed, Trump would also rearrange domestic energy and environmental priorities. He wants to open up federal lands to oil and gas drilling and coal mining. He wants to eliminate regulations he calls needless. He would scrap proposed regulations for tighter methane controls on domestic drillers. And he wants to shrink the role of the Environmental Protection Agency to a mostly advisory one and pull back the Clean Power Plan, Obama’s proposed plan to push utilities toward lower carbon emissions.
An unstoppable shift to a cleaner energy economy is underway, and the fundamentals of wind energy in America are strong. With bipartisan support for long-term policy firmly in place, and a near-record number of wind farms are under construction, our industry is saving consumers money by connecting low-cost wind power to more parts of the country.
Voters in Washington state rejected a proposal to implement America’s first carbon tax by a wide margin on Election Day, in a stinging rebuke to climate hawks seeking a breakthrough in one of the country’s most environmentally conscious states. The result left carbon-tax supporters to pick up the pieces following a bruising campaign that divided the state’s environmentalists and local Democrats, many of whom questioned the plan’s fiscal impact and lack of funding for renewables.
Florida voters rejected a controversial constitutional amendment for rooftop solar last night. The defeat deals a blow to the state’s electric companies and associated trade groups, which dumped roughly $30 million directly and indirectly into the measure to see it through. It also sets up additional battles between Florida’s utilities and clean energy groups during next year’s legislative session.
The Clean Power Plan is “in critical condition,” said Michael Gerrard, faculty director of Columbia University’s Sabin Center for Climate Change Law. But how, exactly, the Trump administration could go about eliminating the Clean Power Plan is still very much linked to litigation that is pending in federal court, legal experts said toda
What has been a small transition operation is slated to expand quickly now that Trump has clinched the presidency, and team members will soon be dispatched into federal agencies to interview officials, gather information and prepare detailed policy agendas. Meanwhile, shortlists of names for top Cabinet posts are being compiled, and interest groups, members of Congress and others will continue to press their preferences for key jobs.
The upcoming political shift may also dim prospects for the energy conference committee, which is aiming to strike a deal on what would be the first new major reform law in a decade. Before the election, ClearView Energy Partners LLC recently said there was a 60 percent chance that negotiators would come up with a compromise similar to the Senate’s version, S. 2012.
The stage is set for Clean Line Energy Partners LLC and landowner opponents to clash again before Missouri regulators over the $2.2 billion Grain Belt Express transmission project. But both sides know the fate of the 800-mile high-voltage line through Missouri may ultimately rest on the outcome of court challenges involving a different transmission line already approved by the Public Service Commission.
European renewable stocks fell sharply on Wednesday after Donald Trump won the U.S. presidential election, hit by fears over his aim to promote oil and gas drilling and revive the U.S. coal mining industry. Shares in Vestas, the world’s biggest wind turbine maker, plunged 10 percent in early trade in Europe, while German peer Nordex traded 6 percent lower. Spain’s Gamesa, which is being merged with Siemens, and Portugal’s EDP Renovaveis traded 3.4 and 5.3 percent lower, respectively.
Shares in Vestas Wind Systems A/S plunged after U.S. voters unexpectedly propelled Republican nominee Donald Trump to the presidency, sparking concern that the renewable energy industry will face political headwinds in the future. The world’s biggest maker of wind turbines fell as much as 14 percent and traded 6.6 percent lower at 440.20 kroner as of 10:22 a.m. in Copenhagen. The Danish company already lost ground last week as U.S. polls started to tighten, bringing this year’s declines to about 10 percent.