6 August '10
10:14 AM UTC
1 Comment
  Policy

Kerry Proposes Green Energy Legislation, Leaves out the Carbon Pricing

John Kerry: Still fighting for green energy

Sen. John Kerry is taking another whack at the pinata and has introduced a bill to spur clean energy production with tax incentives.

Kerry’s new bill, called the Clean Energy Technology and Leadership Act, proposes the extension of several sources of funding, including tax incentives and credits, for energy manufacturing, biofuels, energy efficiency programs and transportation. The bill deals directly with incentivizing green energy and makes no mention of global warming and has no mechanism for taxing carbon, such as the dreaded cap-and-trade.   Read More »

29 July '10
11:11 AM UTC
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  Policy

All Cap-and-Trade Is Local

WCI partners and observers

Last spring, speaking to a group of MBA students and cleantech and renewable energy investors at the Massachusetts Institute of Technology (MIT), Exelon CEO John Rowe, an ardent defender of cap-and-trade, vowed that carbon pricing was not a matter of  “if but “when” and that companies like his were already  factoring a priced carbon in their long-term planing.

Rowe’s  forecast took a beating last week when  Senate Majority Leader Harry Reid (D-Nev.) opted not to push a comprehensive climate change and energy bill through the Senate. He just, “didn’t have the votes,” Reid said. But a week after this setback, Rowe’s educated prediction is back on track, especially after yesterday’s unveiling by a group of U.S. states and Canadian provinces, of a plan that seeks to price all green house gases by 2012. Read More »

26 July '10
7:00 AM UTC
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  Policy

The Alternative Agenda: Tony Hayward’s Out and What to Expect This Week in Green Energy [UPDATE]

BP's Tony Hayward: What color is his parachute?

Goodbye Tony Hayward, though I never knew you at all, you had the grace…

Now that BP’s Gulf well is no longer gushing, the company’s board is getting around to . ($18 million), according to The Times of London.

BP’s next CEO: American executive Bob Dudley. The crowning of Dudley is coming a bit early, though, given that the well has not been cemented shut. Reuters , “The Macondo well…. has not been shut off for good and if problems arise in achieving this, Dudley’s reputation could be tarnished.” Uh, yeah.

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22 July '10
3:35 PM UTC
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  Policy

Senate Democrats Kill Cap-and-Trade Bill


Cap -and -trade is officially dead. This afternoon Senate Democrats, in a caucus meeting, decided not to pursue legislation that would seek to cap carbon and other green house gases by pricing them, a market-friendly scheme known as cap-and-trade.

This is a clear setback for cleantech and renewable energy companies.  A comprehensive climate change and energy law would have provided both the long-term certainty and funding they currently lack.

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21 July '10
2:03 PM UTC
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  Policy

Another “Green” Legislation Hits Senate: $1.5B For Energy Storage Companies

The Senate is considering yet another green-focused legislation. The  Storage Technology of Renewable and Green Energy Act of 2010, or simply  Storage 2010, introduced yesterday by Senators Jeff Bingaman (D-N.M.), Ron Wyden (D-Ore.) and Jeanne Shaheen (D-N.H.), could provide energy storage companies up to  $1.5 billion  in federal tax credits.  Read More »

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