Energy
The Emperor’s New Endangerment Theory (Wrap-Up)
Trump’s EPA says carbon emissions from U.S. power plants are too insignificant to regulate.
U.S. power plants emit 1.5 billion tons of carbon dioxide a year, a little less than the entire country of Russia. The Trump Administration is proposing to end all regulation of carbon emissions by power plants, on the theory that these emissions should be considered insignificant. They have some complicated legal arguments , but the arguments break down the more closely you look at them.
CONTINUE READINGThe Emperor’s New Endangerment Theory (Part II)
To justify a decision not to regulate CO2 from power plants, EPA had to twist statutory language beyond all recognition.
According to EPA, carbon emissions from the U.S. power sector are too insignificant to warrant regulation. This is a bizarre conclusion: U.S. power sector’s emissions are around 6.5 billion tons, just below Russia’s total emissions from all sectors. To reach this conclusion, EPA has proposed a novel reading of the Clean Air Act. In EPA’s view, before it could regulate those emissions, it would first have to make a formal finding that they “cause or significantly contribute” to climate change, and (2) that this has to be judged on the basis of the sector’s percentage of total global carbon emissions. The statute doesn’t say either of those things.
CONTINUE READINGThe Emperor’s New Endangerment Theory (Part I)
EPA says the electricity sector’s climate impacts aren’t significant. Really??
EPA has proposed a novel reading of the Clean Air Act (CAA) that would foreclose any regulation of CO2 emissions from power plants. EPA’s core argument is that the statute requires it to determine whether an industry’s emissions “cause or contribute significantly” to climate change and that the industry’s carbon emissions don’t meet that standard. …
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CONTINUE READINGLast Year’s Climate Bond May Not Be What You Thought
While investing in important adaptation and resilience measures, Proposition 4 does less to create new clean energy infrastructure investments
Last year, legislators passed, the governor signed, and California voters approved, a ten billion dollar climate bond (the Safe Drinking Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024, SB 867 (Allen), which appeared on the November ballot as Proposition 4). While the bond act’s full title largely tells the story of …
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CONTINUE READINGCan Trump Save U.S. Coal? Not likely.
“Beautiful clean coal”, as Trump calls it, is inexorably declining.
The title of one of Trump’s executive orders is “Reinvigorating America’s Beautiful Clean Coal Industry.” That order says, “it is the policy of the United States that coal is essential to our national and economic security.” But Trump’s efforts seem unlikely to make a dent in the long-term, global malaise of the coal industry, or its sharp decline in the U.S.
CONTINUE READINGCould CA Local Agencies Replicate Past Federal Solicitation Approaches?
Innovative solicitation & contracting approaches may make offshore wind infrastructure projects work better for communities
Offshore wind is a nascent industry in California, and actions by the new federal administration are threatening to slow or halt the significant progress made in recent years. Despite these new federal policies, however, state and local leaders are planning infrastructure needed to launch the sector in California, including port facilities suitable for assembling and …
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CONTINUE READINGCould Zero-Emission Hydrogen Help Reduce Aviation Emissions in California?
State’s federally funded hydrogen hub releases aviation whitepaper co-led by CLEE.
Few industries face as complex a challenge in decarbonizing as aviation. While great for decarbonizing on-road transportation, batteries are generally too heavy to power long-distance flights. Low-carbon biofuels blended into fossil jet fuel represent only a partial solution, due to lack of feedstocks and blend limits. Zero-emission hydrogen could represent a solution, either as an …
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CONTINUE READINGExecutive Disorders
One after another, Trump has let loose destructive blasts at the environment to promote fossil fuels, mining, and logging.
We all know that Trump has issued a slew of executive orders since taking the oath of office. We also know that many of these are aimed to promoting fossil fuels, mining, and logging at the expense of the environment, while disfavoring renewable energy. Still, it’s impressive when you put the list together to see the full onslaught.
CONTINUE READINGDefunding the Energy Transition
The President Proposes Deep Cuts to Climate and Clean Energy Spending for FY 2026
On May 2nd, the White House released what is generally referred to as a “skinny” budget request outlining priorities for discretionary spending for fiscal year 2026. A full federal budget proposal is expected later this month. The “skinny” budget contains, by the White House’s calculations, $163 billion in non-defense discretionary spending cuts, which it argues …
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CONTINUE READINGIs Trump Good for the Oil Industry?
Not particularly, it would appear. If there’s an effect, it’s not big enough to hit the eyes.
No doubt, the industry would rather have Trump in office than Harris. But the effect on industry profits may only be incremental. It would be great to see a rigorous statistical analysis by a finance expert, but a bump to oil profits isn’t obvious in share prices.
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