The Oklahoma House has approved legislation to roll back a state tax credit for the wind energy industry.The House passed the bill Thursday by a vote of 74-24 and sent it to the Senate for consideration.The bill modifies the tax credit for electricity generated by zero-emission facilities like wind turbines. It says facilities must be in operation by July 1 in order to qualify for the credit, instead of the current deadline of Jan. 1, 2021.Gov. Mary Fallin proposed eliminating the wind tax credit to increase revenue amid a projected $868 million budget shortfall next year. The tax credit will cost $40 million this year and will average $60 million a year over the next 15 years.
California saw another three months of weak demand for pollution permits amid persistent uncertainty about the future of the state’s cap on carbon emissions, according to state data. California will take in only about $8 million from an auction that could have generated $592 million or more if all permits were sold. The program is a prime funding source for projects including high-speed rail and transit construction. For years, each quarterly auction consistently generated hundreds of millions of dollars. Fewer than one in five permits were distributed at an auction last month, according to the data from the California Air Resources Board. The vast majority were sold by utilities, which get them for free from the state, while some were sold to polluters in Quebec, the Canadian province that sells permits at the same auction.But revenue has plummeted in three of the last four auctions amid a series of pressures that have depressed demand.A glut of permits on the market means companies don’t need to buy them at auction to authorize their emissions in the near future. A state appeals court is considering a case that challenges the authority for the state to sell pollution permits. And the Legislature is considering whether to give the program clear authority to continue past 2020.
New Mexico has benefited from its renewable energy production tax credit, which has supported more than 11,000 jobs and represents $1.6 billion in economic activity, according to a new report. The report, released by Family Businesses for Affordable Energy this week, says the state has established has "a robust renewable energy generation sector with enormous potential for growth" and clean power is a wise investment for New Mexico. The credits are set to expire next year.
Consumers have seen flat or declining energy costs as renewable energy becomes a greater part of the energy mix of Minnesota and the nation. That’s one of the findings in the annual 2017 Sustainable Energy in America Factbook, published by Bloomberg New Energy Finance in partnership with the Business Council for Sustainable Energy. The report points out that in the United States, renewable energy, greater energy efficiency and low natural gas and gasoline prices have combined to drive down energy costs – as a percent of total household spending – to its lowest level in decades, according to business council president Lisa Jacobson.
A coalition of the nation’s top biofuels advocates united together as Fuels America resolved to reject a move by Carl Icahn (Eye’-Kahn), owner of CVR Refining, to destabilize the Renewable Fuels Standard. They’ve also severed ties with the Renewable Fuels Association. Fuels America says it represents diverse groups that are working to protect America’s Renewable Fuels Standard. A Fuels America statement says, “We adamantly oppose any effort to derail the RFS by shifting the point of obligation and exempting certain refiners and fuel importers from their responsibility to deliver cleaner and more affordable fuel options for consumers.” The group says in Icahn’s conflicted role of refiner as well as White House advisor, he’s now attempting to mislead biofuels advocates into accepting changes to the Renewable Fuels Standard in exchange for changing outdated Environmental Protection Agency regulations that limit the summer sales of ethanol.
Oklahoma wind developers are fresh off a record-setting year. Only Texas installed more wind capacity in 2016, a fact that thrusts the Sooner State's power markets into a sudden transition and is agitating opponents along the way. Wind barely registered in Oklahoma a decade ago, but it now accounts for 20 percent of the state's electricity generation.Instead of celebrating, industry leaders find themselves facing a torrent of anti-wind legislation in Oklahoma City, the state capital. By one tally, 88 bills concerning wind development have been filed in the opening days of the legislative session. They range from a proposal to provide advanced notification for new developments to a plan backed by Gov. Mary Fallin (R) that would impose a 0.5-cent-per-kilowatt-hour tax on wind-generated electricity.Most expect Fallin's plan to fail. Wind's importance to the local power grid means there is little appetite among lawmakers to back a bill that could raise consumers' rates. But a proposal to end a tax credit that has helped make Oklahoma the third-largest producer of wind power in the country is gaining steam.
The Environmental Protection Agency Thursday announced it was withdrawing a request that operators of existing oil and gas wells provide the agency with extensive information about their equipment and its emissions of methane, undermining a last-ditch Obama administration climate change initiative. The EPA announcement was a first step towards reversing an Obama administration effort – which only got underway two days after Donald Trump’s election – to gather information about methane, a short-lived but extremely powerful climate pollutant which is responsible for about a quarter of global warming to date. The agency cited a letter sent by the attorneys general of several conservative and oil-producing states complaining that the information request “furthers the previous administration’s climate agenda and supports … the imposition of burdensome climate rules on existing sites, the cost and expense of which will be enormous.” Scott Pruitt, the EPA administrator, said the agency took those complaints seriously. “Today’s action will reduce burdens on businesses while we take a closer look at the need for additional information from this industry,” he said in a statement.
President Trump recently signed an executive order demanding that any new oil pipelines on U.S. soil are built with American steel — but that apparently doesn't go for the controversial Keystone XL project, according to a report. Trump reignited the Keystone development in a January executive action that ordered the Secretary of Commerce to ensure that all pipeline projects "use materials and equipment produced in the United States." But a White House spokeswoman told Politico that the Keystone XL is apparently exempt from the order
Later this year the nation’s first “integrated” wind and solar hybrid project will begin producing power outside a small city in northwest Minnesota. Developed by Juhl Energy, Inc., the Red Lake Falls Project combines two 2.3 megawatt (MW) General Electric 116-meter rotor turbines with a 1 MW solar photovoltaic installation. Dan Juhl, the company’s founder, said it will be the first project in the country to use wind integrated solar energy (WiSE) allowing turbines and panels to share a converter, which transforms electrical direct-current voltage for use on the grid.
Growth Energy condemned efforts by Carl Icahn, owner of CVR Refining, to strike a backroom deal with the Renewable Fuels Association that would irreparably change the Renewable Fuel Standard by shifting the point of obligation from oil refiners to fuel retailers and violating the Trump Administration’s commitment to the RFS. “If true, this proposal would eviscerate America’s progress under the RFS and impose indefensible costs on consumers,” said Emily Skor, CEO of Growth Energy. “Neither RFA nor Carl Icahn have the authority to strike a ‘deal.’ Mr. Icahn does not work for the U.S. government; he owns CVR Refining, which would profit directly from this change. RFA does not represent a majority of the biofuels industry; RFA’s largest member is an oil refiner, which would also profit directly from such a change. They’re negotiating for the same side – and that is not the side of the ethanol industry or the American farmer.