Energy
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Essential energy industry news & intel to start your day.
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April 13, 2021
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Top Stories
- The executives of more than 300 corporations have written to President Joe Biden, pushing the administration to nearly double the country’s Paris Agreement goal for cutting carbon dioxide, methane and other emissions, to at least 50 percent below 2005 levels by 2030. With the letter, the business — including Google, McDonald’s Corp. and Walmart Inc. — have roughly aligned themselves with the goals of most major environmental groups, and the target is also in the range of what Biden is considering announcing during his virtual summit next week, according to two administration officials familiar with the deliberations. (The New York Times)
- Texas Gov. Greg Abbott (R) has named Peter Lake, current chair of the Texas Water Development Board, as the new chair of the Texas Public Utility Commission, pending state Senate confirmation. All three of the PUC’s members resigned in recent months after a deadly storm caused a statewide energy crisis in February. (The Texas Tribune)
- New York state’s pension fund — among the largest in the country, valued at about $248 billion — will divest more than $7 million in securities from six Canadian oil sands companies and will not make any further investments in them. Comptroller Thomas DiNapoli said the companies have not shown they are prepared for the energy transition, a decision that comes mere months after the fund set a 2040 target for pivoting its investments to achieve net-zero greenhouse gas emissions. (Reuters)
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Events Calendar (All Times Local)
Tuesday, April 13 |
AFPM 2021 Annual Meeting Read More |
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UT Austin Energy Week 2021: Energy Transition: Agents of Change, Changing Agents Read More |
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S&P Global Platts 36th Annual Global Power Markets Virtual Conference Read More |
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Bloomberg BNEF Summit Read More |
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MIT Energy Initiative webinar: Energy @MIT Read More |
10:00 am |
U.S. Institute of Peace event: The Nexus of Climate Change, Fragility, and Peacebuilding Read More |
10:00 am |
RMI event: Decarbonizing America’s Buildings: Preparing for a Carbon Neutral Future Read More |
10:00 am |
Republicans of the House Energy and Commerce Committee event: President Biden’s Cancellation of the Keystone XL Pipeline and American Jobs Read More |
4:30 pm |
Wednesday, April 14 |
The Hill virtual event: The Sustainability Imperative Read More |
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UT Austin Energy Week 2021: Energy Transition: Agents of Change, Changing Agents Read More |
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S&P Global Platts 36th Annual Global Power Markets Virtual Conference Read More |
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Bloomberg BNEF Summit Read More |
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Green Building seminar series: Getting Ready for the new Building Energy Performance Standards Read More |
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Atlantic Council event: Securing the cybersecurity of energy networks on the maritime edge Read More |
10:00 am |
SEIA and NREL event: Solar TRACE and SolarAPP+ Roundtable Read More |
1:00 pm |
ICF event: A utility-regulator discussion on the future of the industry Read More |
1:00 pm |
USEA event: Unlocking CCUS Commercialization for Success Read More |
1:30 pm |
Smart Electric Power Alliance event: Utility Transformation Challenge Read More |
4:00 pm |
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What Else You Need to Know
European CEOs, lawmakers add to pressure on Biden to hike climate target
Kate Abnett, Reuters
European politicians, companies and trade unions on Tuesday called on the United States to slash its greenhouse gas emissions by at least 50% this decade, adding to mounting pressure on the Biden administration ahead of a climate summit next week.
EPA Watchdog to Probe Alleged Retaliation Against Scientists
Stephen Lee, Bloomberg Law
The EPA’s internal watchdog will examine allegations that managers under previous administrations retaliated against scientists, officials said during an internal staff meeting on Monday.
Biden’s SEC Faces Uphill Battle to Form ESG Reporting Body
Andrew Ramonas et al., Bloomberg Law
The Securities and Exchange Commission is poised for a fight with Republicans and business interests as it looks to develop uniform rules for how public companies report environmental, social, and governance matters to investors.
Nixed Interior nominee appointed to different department role
Rachel Frazin, The Hill
An official who President Biden originally wanted to nominate to be the second-in-command at the Interior Department has found a new political position in the agency after reported opposition from swing-vote senators.
House GOP’s planned environmental bills drop Democratic priorities
Zack Budryk, The Hill
Congressional Republicans are set to unveil environmental legislation in the coming weeks that eschews the Biden administration’s focus on energy and carbon emissions in favor of reducing U.S. dependence on so-called critical minerals and an initiative to plant 1 trillion trees worldwide.
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Climate Change and Emissions
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Oil, Gas and Alternative Fuels
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The Case For a Transit-First Infrastructure Plan
Simon Berrebi, Bloomberg CityLab
President Biden’s $2 trillion jobs plan would double the federal contribution to public transit. But to fight climate change and broaden access to opportunity, that won’t be enough.
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Electricity, Utilities and Infrastructure
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Environment, Land and Resources
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California Approves More Than $500 Million for Wildfire Efforts
Emily C. Dooley, Bloomberg Environment
California legislators Monday approved more than $500 million for wildfire resiliency projects to try to avoid a repeat of more than 4.2 million acres burned in the 2020 season, the most destructive in state history.
Black marks for aluminium as mining remains behind on climate goals
Camilla Hodgson, Financial Times
None of the world’s most carbon-intensive sectors are doing enough to meet 2050 targets, a report finds.
How computer mapping could help Biden find and fix polluted neighborhoods
Valerie Volcovici, Reuters
Diagnosed with asthma at 8 years old, Karlaine Francisco grew up thinking everyone had it.
Endangered US rivers at grave risk from dams, mining and global heating
Nina Lakhani, The Guardian
Dams, mining, factory farms and global heating are among the gravest threats facing America’s endangered rivers, according to a new report.
Airborne plastic pollution ‘spiralling around the globe’, study finds
Damian Carrington, The Guardian
Microplastic pollution is now “spiralling around the globe”, according to a study of airborne plastic particles.
The hottest number in conservation is rooted more in politics than science
Benji Jones, Vox
The goal to protect 30 percent of the Earth is more arbitrary than you might think.
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Opinions, Editorials and Perspectives
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Energy transition after COVID-19: what pathway are we on?
Dan Klein, S&P Global Platts
Energy transition is a widely used term but means different things to different people. Energy markets have always been in transition, shifting to cheaper or cleaner fuels as they become available and competitive. Invariably these transitions are journeys, taking time for new entrants to displace incumbents.
Credit for Climate Action
Margaret E. Peloso et al., Harvard Law School Forum on Corporate Governance
The Fourth National Climate Assessment, issued by the U.S. Global Change Research Program, found that climate change is already having an impact on businesses and communities across the United States. The report also found that, without significant global mitigation and adaptation efforts, climate change will inflict increasing disruption and damage. International reports have made similar findings. As a result of these existing and anticipated disruptions, climate change has become a major business concern for many company executives and investors.
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