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Energy

Trump’s plan to back oil companies would hurt rural jobs and the people who voted for him

President Donald Trump's proposed cuts in biofuels will hurt American farmers and create a "cannibalistic" battle between middle American farmers and Big Oil, say four Republican governors in states that backed Trump in the 2016 election. The proposal by Trump's Environmental Protection Agency would allow fuel producers to use less corn, soybean and other agricultural biomass in gasoline and other fuels. [node:read-more:link]

As energy transactions become more complex, Chicago firm seeks to simplify

A Chicago-area startup is garnering the attention of major industry players with a cloud-based platform for settling energy trades in the decentralized, digital 21st century. Aquilon Energy Services, based in Lisle, Illinois, has developed an Energy Settlement Network that leverages the power of web-based communication technology and big-data analytics to make it easier for energy companies and other firms to trade commodities like power, oil and natural gas.The need for this kind of service is growing. [node:read-more:link]

The U.S. solar industry's new growth region: Trump country

Data provided to Reuters by GTM Research, a clean energy market information firm, shows that eight of the 10 fastest-growing U.S. solar markets between the second quarters of 2016 and 2017 were Western, Midwestern or Southern states that voted for Trump, with Alabama and Mississippi topping the list. And solar firms are ramping up investments in these regions, signaling their faith that key renewable energy incentives will remain in place for years to come. [node:read-more:link]

Lawmakers slam DOE’s proposal to help coal, nuclear power

Lawmakers used a Thursday hearing with Energy Secretary Rick Perry to criticize his recent proposal to prop up coal and nuclear plants with higher payments for their electricity. Numerous Democrats on the House Energy and Commerce Committee’s energy subpanel, and one Republican, said the plan would be unnecessarily disruptive to energy market and prop up power plants that aren't competitive.“You are distorting the market, damaging the environment and delivering preferential treatment to favored industries,” Rep. Frank Pallone Jr. [node:read-more:link]

EPA chief: I’d ‘do away with’ wind, solar tax credits

Environmental Protection Agency Administrator Scott Pruitt said on Monday that the federal tax credits for the wind and solar power industries should be eliminated. Pruitt told a crowd at a Kentucky Farm Bureau event that the credits stand in the way of utility companies making the best decisions about power generation.“I would do away with these incentives that we give to wind and solar,” he said, referring to wind’s production tax credit and solar’s investment tax credit. [node:read-more:link]

NC officials reject environmental plan for Atlantic Coast Pipeline

Gov. Roy Cooper’s administration has rejected environmental plans by Duke Energy and three other energy companies to build an interstate pipeline to carry natural gas from West Virginia into North Carolina. The N.C. Department of Environmental Quality said the 600-mile underground pipeline, which would travel through eight North Carolina counties, including Johnston and Nash, does not meet the state’s standards for erosion and sediment control. [node:read-more:link]

EPA to scrap clean power plan: What it means locally

Kilbert says regardless of today's announcement, coal is being phased out by a lot of power companies, and it all comes down to money, "Coal irrespective of any environmental regulations is phasing out because of cheap natural gas along with solar and wind and other alternative energy sources." In spite of today's announcement, experts say abandoning the clean power plan probably won't change the long-term outlook for coal. [node:read-more:link]

Wind Energy's Expansion in Nebraska Creates Sharp New Divide

Many of Nebraska's neighbors are national leaders in wind energy, and advocates say the state could easily join them.But as wind energy has grown in Nebraska, so has a fervent resistance from mostly rural landowners and lawmakers who view the turbines as noisy, heavily subsidized eyesores that lead to lower property values.The pushback was clear last year, when Lancaster and Gage counties approved noise restrictions that effectively halted several proposed wind farms. [node:read-more:link]

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