Senate Democrats are pushing to extend a key renewable tax break for a number of power sources in legislation to reauthorize the Federal Aviation Administration that is slated to receive a vote later this week. Majority Leader Mitch McConnell (R-Ky.) yesterday filed cloture on a House-passed tax measure, H.R. 636, that will be the vehicle for the FAA bill, with the procedural vote expected tomorrow. Meanwhile, Michigan Democratic Sens. Debbie Stabenow and Gary Peters last night signaled that there had been no progress on finding a compromise to allow votes on the Senate’s energy bill and a package to provide assistance to residents of Flint, Mich., to cope with the city’s drinking water crisis.
If Congress hopes to pass an energy bill this year, its best hope may be in a post-election lame-duck session, but both chambers would need to pass their own versions first. The House passed its own narrower version late last year.
“Fossil fuel companies that deceived investors and consumers about the dangers of climate change should be held accountable,” Healey said yesterday morning in Manhattan at a meeting of state attorneys general about climate change. “We can all see today the troubling disconnect between what Exxon knew and what the company shared with the public regarding the consequences of burning the fuel it markets,” she said. “That’s why we have joined in investigating Exxon Mobil.”
Wyoming Gov. Matt Mead (R) lashed out at climate regulations following an announcement Thursday that two major Powder River Basin coal companies are laying off hundreds of workers. “If they were truly concerned about global warming, if they are truly concerned about issues like regional haze, this is not the way to go about addressing those problems,” Mead said during a press conference yesterday evening, referring to federal regulators.
It generates more revenue than Apple Inc. and Boeing Co. combined and serves one in seven people on the planet. Meet State Grid Corp. of China, a company that may be buying power assets near you. While State Grid is hardly a household name, its geographic footprint extends from South America to Australia, where it’s a contender to acquire a stake in Sydney-based power network Ausgrid. Hungry to grow outside China, the company plans to develop a $50 trillion global energy network that could enable electricity to be transmitted beyond continental boundaries.
President Obama and President Xi Jinping of China said Thursday that they would sign the Paris Agreement on climate change on April 22, the first day the United Nations accord will be open for government signatures. Officials cast the announcement as a statement of joint resolve by the world’s two largest greenhouse gas polluters, even though there are doubts about whether the United States can meet its obligations under the agreement.
More than a decade after the birth of the modern renewable energy industry, solar and wind await their John D. Rockefeller
Clean power remains a tumultuous and fragmented business, crowded with companies grabbing for slices of an emerging market that aspires to reshape how the world meets its energy needs. They rise and fall as technology advances and demand seesaws. Some have grown into sprawling regional players, often propped up by government subsidies. A few, like Suntech Power Holdings Co. and Q-Cells SE, soared to prominence, then all but flickered out. Yet there are still no companies that dominate the industry.
Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Deputy Crown Prince Mohammed bin Salman laid out his vision for the Public Investment Fund, which will eventually control more than $2 trillion and help wean the kingdom off oil. As part of that strategy, the prince said Saudi will sell shares in Aramco’s parent company and transform the oil giant into an industrial conglomerate. The initial public offering could happen as soon as next year, with the country currently planning to sell less than 5 percent.
“Air pollution-associated preterm birth contributes direct medical costs in the first few years of life due to associated conditions, such as in the newborn intensive care unit, as well as lost economic productivity due to developmental disabilities and lost cognitive potential,” lead study author Dr. Leonardo Trasande, an environmental health researcher at New York University School of Medicine in New York City, said by email.
Did you know over 17 million Americans have asthma? Or that every year it’s responsible for more than 10 million doctor visits and 1.8 million trips to the emergency room? Health professionals tell us one of the biggest triggers for an asthma attack is air pollution. “Unhealthy air is hazardous to our families and even can threaten life itself,” according to the American Lung Association’s Healthy Air Campaign.