Energy
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Essential energy industry news & intel to start your day.
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July 16, 2021
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Top Stories
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As anticipated, the Biden administration said it will issue protections for the Tongass National Forest in Alaska with an eye toward promoting new recreational activities in the region and eliminating the carbon emissions connected to felling the old-growth trees, a reversal of former President Donald Trump’s most prominent public lands decision to promote road development in the forest. The restrictions will include a ban on large-scale old-growth logging and a potential block on road development on 9 million of the forest’s 16.7 million acres. (The Washington Post)
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After record-breaking rainfall, a devastating flood in western Germany and the surrounding areas has resulted in a death toll of over 100 people, and at least 1,300 missing as the rescue mission continues. (Bloomberg) Climate scientists, who have long linked human-generated emissions to extreme weather but have said it is too soon to say anything definitive about the flood, said they are shocked by the scale of the devastation, saying they did not expect disaster records to be broken so substantially this soon, or over such a wide area. (The Guardian)
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Higher temperatures have led to 20,000 more workplace injuries than are recorded in California’s official data, through causing accidents like falling, being hit by vehicles or mishandling machines, according to a new working paper led by R. Jisung Park, a professor of public policy at the University of California at Los Angeles. The study, which was cited in congressional testimony, shows that these injuries are concentrated among poor workers, exemplifying how climate change is further exacerbating economic inequality, in this case via lost wages and higher medical bills. (The New York Times)
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In German Chancellor Angela Merkel’s visit to the White House, she and President Joe Biden butted heads once again on the wisdom of allowing the Nord Stream 2 gas pipeline to operate, but Biden said that “good friends can disagree.” The two leaders did emerge from the meeting with a partnership focused on climate action, energy technologies and energy transitions in emerging economies. (Politico)
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Events Calendar (All Times Local)
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A MESSAGE FROM MORNING CONSULT |
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What Else You Need to Know
Senate nears pivotal vote on bipartisan infrastructure deal that’s still unwritten
Marianne Levine and Burgess Everett, Politico
Majority Leader Chuck Schumer said Thursday he will tee up a vote on the agreement as its authors race to turn a framework into text.
What the budget deal means for climate policy
Nick Sobczyk et al., E&E News
Many Democrats were in high spirits yesterday after agreeing to a $3.5 trillion budget resolution that will lay the groundwork for an array of climate priorities, but their celebrations will be short-lived as they begin jockeying over policy specifics and the complex rules that govern the reconciliation process.
EPA Looks to Outside Help to Button Up Scientific Integrity
Stephen Lee, Bloomberg Law
The EPA chemicals office will soon hire an outside vendor to help it better understand problems employees face with scientific integrity, according to an internal email reviewed by Bloomberg Law.
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Climate Change and Emissions
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China Opened a National Carbon Market. Here’s Why it Matters.
Chris Buckley, The New York Times
The program may help China eventually curb greenhouse gas pollution. But making emissions markets work is tricky.
How the pandemic foretells the climate crisis
Simon Kuper, Financial Times
‘The destruction of the Amazon is climate’s Delta variant. When Brazilian rainforests shrink, rich countries heat up too.’
UK watchdog criticises lack of central co-ordination on climate goals
Camilla Hodgson, Financial Times
NAO report finds serious weaknesses in Whitehall’s approach to working with local authorities.
The EU’s technical tangle in making carbon border measures WTO-legal
Alan Beattie, Financial Times
Brussels will have to fight its own instincts on exporting regulation and raising cash.
Powell Says Fed Likely to Require Banks to Test for Climate Risk
Rich Miller, Bloomberg
The Federal Reserve will probably end up requiring banks to conduct tests to judge their vulnerability to the effects of climate change, Chairman Jerome Powell suggested on Thursday.
Oregon wildfire displaces 2,000 residents as blazes flare across U.S. West
Deborah Bloom, Reuters
Hand crews backed by water-dropping helicopters struggled on Thursday to suppress a huge wildfire that displaced roughly 2,000 residents in southern Oregon, the largest among dozens of blazes raging across the drought-stricken western United States.
What Climate Scientists Are Saying About This Catastrophic Summer
Sofia Andrade, Slate
“The community hasn’t done as good of a job projecting how bad climate impacts would be at 1.2 degrees Celsius,” one scientist said.
The current drought is worldwide. Here’s how different places are fighting it
Celina Tebor, Los Angeles Times
The world is facing unprecedented levels of drought. In the U.S., nearly half the mainland is currently afflicted, according to the National Oceanic and Atmospheric Association. The situation is especially dire in the Northwest, which is facing some of its driest conditions in over a century following a heat wave that killed hundreds of people. No continent, except Antarctica, has been spared, according to the SPEI Global Drought Monitor.
‘In hell’: Nowhere has been drier than this stretch of Texas
Daniel Cusick, E&E News
Ten years ago this month, two North Texas counties began to feel the squeeze of what farmers in the Southern Great Plains call a “long dry spell.”
Let’s say we stop burning fossil fuels. What happens next?
Eve Andrews, Grist
All that CO2 isn’t going anywhere anytime soon.
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Oil, Gas and Alternative Fuels
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Electricity, Utilities and Infrastructure
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Democrats Eye Penalties for Utilities That Miss Climate Targets
Ari Natter and Jennifer A. Dlouhy, Bloomberg
Senate Democrats are proposing to penalize utilities that don’t meet clean-energy targets, while rewarding those that do, as part of a mandate for carbon-free power they are preparing to move through their $3.5 trillion tax-and-spending package.
Texas Grid Operator Wants State Aid for $3 Billion Blackout Cost
Mark Chediak and Joe Carroll, Bloomberg Law
The main operator of the Texas power grid will ask the state for loans and permission to issue bonds to cover the billions of dollars of debt stemming from historic blackouts that crippled the state in a February freeze.
Senators clash over policy to increase FERC transmission siting authority
Catherine Morehouse, Utility Dive
An attempt to derail Senate efforts to give federal regulators more authority over transmission siting prompted a debate over power line expansion on Wednesday.
ERCOT, Caught in Political Crossfire, Releases Reliability ‘Roadmap’
Sonal Patel, Power
The Electric Reliability Council of Texas (ERCOT) has unveiled a roadmap outlining crucial improvements designed to enhance grid reliability, taking into account recent legislation, regulatory mandates, and a recent push by the state’s governor for market incentives that will help the grid bulk up on “adequate and reliable” resources, like natural gas, coal, and nuclear power.
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Environment, Land and Resources
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Tapping into coal, US could become net exporter of rare earths – DOE official
Taylor Kuykendall, S&P Global Market Intelligence
The United States could eventually become a net exporter of the rare earth materials crucial to making an array of products, including many electronics, wind turbines, energy storage devices and electric vehicle batteries, a top official at the U.S. Energy Department said.
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Opinions, Editorials and Perspectives
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It Seems Odd That We Would Just Let the World Burn
Ezra Klein, The New York Times
I spent the weekend reading a book I wasn’t entirely comfortable being seen with in public. Andreas Malm’s “How to Blow Up a Pipeline” is only slightly inaptly named. You won’t find, anywhere inside, instructions on sabotaging energy infrastructure. A truer title would be “Why to Blow Up a Pipeline.” On this, Malm’s case is straightforward: Because nothing else has worked.
Europe sets pace for global climate policy
Editorial Board, Financial Times
Comprehensive approach is sensible but faces political challenges.
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Transportation Deep Decarbonization Initiative Synthesis
Clean Air Task Force
Clean Air Task Force (CATF) convened a high-level workshop with 25 researchers and thought leaders from various facets of the global transportation sector to assess options for decarbonization by 2050. This report synthesizes the findings from that workshop, and presents the consensus that pursuing various pathways simultaneously, including the advancement of both electrification and zero-carbon fuels like hydrogen and ammonia, is imperative to maximizing the probability of success, and that clean fuel standards can play a critical role in driving the carbon intensity of transportation energy down to zero.
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