Exelon's Rowe: cap and dividend is a no-go
Exelon Corp. Chief Executive John Rowe on Saturday slammed an alternative to cap-and-trade now being considered by Congress and said the EPA’s plan to regulate carbon emissions is a nonstarter.
Rowe, who runs one of the country’s largest utilities, said the so-called cap and dividend plan would “not work” and would act as “a halfway house to a full cap-and-trade system.” Read More »
For cleantech companies Washington has become a crucial financial partner.
In the post-Lehman/global financial meltdown era it’s been repeatedly said that the money power has left Wall Street for the shores of the Potomac in Washington.
This is not just a talking point, but a stark reality for whole industries — the renewable energy sector among them– which have come to rely on Washington for their mid-to-long-term survival.
The government’s pivotal role as a funder of last and first resort was glaringly apparent this week with the announcement that BrightSource Energy was offered a $1.37 billion loan guarantee (if it meets certain conditions) from the Department of Energy. The BrightSource loan guarantee dwarfs the $535 million thin-film photovoltaic cell maker Solyndra got last year, which, until now, was the largest such loan guarantee. Read More »
As we retweeted last night, the Environmental Protection Agency (EPA) says it won’t start regulating carbon emissions and of other greenhouse gases as part of its recently issued “endangerment finding” until 2011. We’ve posted a copy of the original letter below the fold. Read More »
Lisa Murkowski
Congress’s likely failure to pass a comprehensive climate change legislation this year is paving the way for a stricter and probably less corporate-friendly regulation regime to be administered by the Environmental Protection Agency (EPA).
Last month’s landmark announcement by EPA administrator Lisa Jackson that green house gas and CO2 emissions represent a public health danger, was a clear indication that her agency would not shy away from using its regulatory gauntlet to advance President Obama’s climate change agenda, if the legislative route failed. Read More »
Update | 4:55 PM: Shares of solar energy stocks jumped on the news that the EPA considered CO2 and five other green house gases public health dangers. Dow Jones Newswires via the Wall Street Journal reports that shares of JA Solar jumped 11 percent to $4.87. SunPower climbed 9 percent to $24.31, and Suntech increased 8.5 percent to $16.69.
In a landmark decision the Environmental Protection Agency (EPA) has ruled that emissions from carbon dioxide and other green house gases represent a public health danger.
The ruling, announced today by EPA Administrator Lisa Jackson, which is formally known as an “endangerment finding,” effectively puts into motion a cap-and-trade system.
The finding was expected. Since taking office in January the Obama administration had said it would seek to issue an endangerment finding for CO2 and five other green house gases. Read More »
