Helpful reporting by Amanda Chu of the Financial Times from last week's #SelectUSASummit, focused on the nonpartisan nature of clean energy-led economic opportunity, and a continued desire voiced by governors for clean economic and industrial growth regardless of politics. Oklahoma Governor Stitt said “It’s a little bit of a concern of what the new administration, if there is a new administration, will do, but I do think the US has a history of keeping their promises,” as he announced a $620mn factory from Norwegian solar manufacturer NorSun at the event. Greg Brabec, an adviser to NorSun, said the IRA tax credits were the “single biggest motivator” for their decision to invest in the US. The statements from the Republican governors highlight how the growing economic opportunity of renewables is making it a winning case regardless of partisanship. “How often are Healey and Stitt agreeing on stuff?” said Aaron Brickman, senior principal at RMI, a research and consulting non-profit. “If you want to compete at the highest level for new projects, you need to build out clean power.” https://lnkd.in/evCmnuHQ Adam Beitman Ben Feshbach Hannah Perkins Leah Komos RMI Theodore Paradise Ali Zaidi Susan Bonnett Bourgeois Oklahoma Department of Commerce Louisiana Economic Development Wesley Seaman Rachel David Alexandra B.
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Experienced in Water Resources and Municipal Engineering, with a strong interest in all aspects of the climate crisis.
#USAElectionImpactsOnWindPower #IRA #RedStates #EnergySource "... On the campaign trail, Trump has vowed to undo President Joe Biden’s landmark climate law, the Inflation Reduction Act, which includes lucrative subsidies for clean energy and has helped attract billions in investment into the US. The irony here is that Republican-controlled areas are among the biggest winners of the IRA. An FT analysis last year found that nearly three-quarters of all cleantech manufacturing projects announced within one year of the law were headed to Republican districts. Energy Source asked a handful of Republican governors and commerce secretaries this week at the SelectUSA conference in Washington what a Trump victory might mean for their clean energy ventures. Long story short, they aren’t worried and expect the tailwinds for clean energy to continue regardless of who sits in the White House. “It’s a little bit of a concern of what the new administration, if there is a new administration, will do, but I do think the US has a history of keeping their promises,” said Oklahoma’s Republican governor Kevin Stitt, who announced a $620mn factory from Norwegian solar manufacturer NorSun at the event. Greg Brabec, an adviser to NorSun, said the IRA tax credits were the “single biggest motivator” for their decision to invest in the US. Stitt also joined a panel discussion on the clean energy workforce with Biden’s climate adviser Ali Zaidi on Tuesday, along with Indiana’s Republican governor Eric Holcomb and Democratic governors Maura Healey of Massachusetts and Roy Cooper of North Carolina, in a rare moment of bipartisan support for the sector. Republican governor Joe Lombardo of Nevada, a leading state for electric vehicle and battery investment, told ES that “whether Biden or Trump is in office, we won’t see much change in what we’re trying to achieve”. The statements from the Republican governors highlight how the growing economic opportunity of renewables is making it a winning case regardless of partisanship. “How often are Healey and Stitt agreeing on stuff?” said Aaron Brickman, senior principal at RMI, a research and consulting non-profit. “If you want to compete at the highest level for new projects, you need to build out clean power.” Republican-led states including Alabama, Iowa, Tennessee and Texas were among the top sponsors of the US commerce department event, dishing out tens of thousands of dollars for elaborate booths that often advertised their state’s renewable energy resources. Iowa called itself the “#1 in the US for Renewable Energy” and Oklahoma displayed prominently at its booth that 47 per cent of its power mix came from renewables. ..."
Trump would be ‘devastating’ for offshore wind, warns Massachusetts governor
ft.com
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North Sea energy faces uncertainty due to tax changes and potential exploration ban. M&A activity surges as companies weigh tax assets' value. Learn more: https://bit.ly/3YwyFZd
Solace in a Sea of Uncertainty
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Managing Director: Impact Shine Communications. Experienced Public Relations, Marketing Communications, Government Relations & IR Expert. Consultant Director: Influence Associates/Emobility. WBF: Advisory Board Member.
The Dual Strategy with a Dual Solution For Britain! EXPANDING NORTH SEA OIL & GAS EXTRACTION & EXPANDING CARBON CAPTURE Protecting the UK's Energy Security and Energy Independence whilst at the same time increasing Carbon Capture for a Cleaner Environment The UK Conservative Government has adopting practical energy policies with practical solutions that meet the aggressive national security threat by Putin to Energy Security and Energy Costs, international economic cost of living challenges and environmental challenges. Increased Energy Security and Energy Independence: powering up Britain from Britain by expanding strategic North Sea drilling through granting hundreds of new oil and gas licenses that will support 213,000 new jobs. Protecting The Environment: the UK Government's Acorn Carbon Capture Scheme (CSS). This forward planning initiative is an advanced CO2 transportation and storage system that reuses legacy oil and gas infrastructure to transport captured industrial CO2 emissions from the Scottish Cluster to permanent storage 1.5 miles under the North Sea: . UK Prime Minister Rishi Sunak: "WE HAVE ALL WITNESSED HOW PUTIN HAS MANIPULATED AND WEAPONISED ENERGY – DISRUPTING SUPPLY AND STALLING GROWTH IN COUNTRIES AROUND THE WORLD." "NOW MORE THAN EVER, IT’S VITAL THAT WE BOLSTER OUR ENERGY SECURITY AND CAPITALISE ON THAT INDEPENDENCE TO DELIVER MORE AFFORDABLE, CLEAN ENERGY TO BRITISH HOMES AND BUSINESSES." "EVEN IN 2050, A QUARTER OF OUR ENERGY NEEDS WILL COME FROM OIL AND GAS. BUT THERE ARE THOSE WHO WOULD RATHER THAT IT COME FROM HOSTILE STATES THAN FROM THE SUPPLIES WE HAVE HERE AT HOME." "WE’RE CHOOSING TO POWER UP BRITAIN FROM BRITAIN AND INVEST IN CRUCIAL INDUSTRIES SUCH AS CARBON CAPTURE AND STORAGE, RATHER THAN DEPEND ON MORE CARBON INTENSIVE GAS IMPORTS FROM OVERSEAS – WHICH WILL SUPPORT THOUSANDS OF SKILLED JOBS, UNLOCK FURTHER OPPORTUNITIES FOR GREEN TECHNOLOGIES AND GROW THE ECONOMY." Please Comment. Please Share. https://lnkd.in/e-3tsRhe
Rishi Sunak unveils new North Sea oil drilling and carbon capture scheme — as it happened
thetimes.co.uk
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Senior Application Specialist | Electronics Engineer | Project Engineer | Toddler/Family/Home Engineer | SUT Chair | Underwater Technology Appreciator | Burrito Appreciator (delete as appropriate)
The SUT Business Breakfast returns on 30th January 2024, 7 am, at the Marcliffe in Aberdeen. Expect an update from Axium EMI and S&P Global on some of the conclusions of last year’s Business Breakfast, reviewing news developments since then and giving an updated market outlook for 2024 in terms of commodity prices, renewables build-out, project FID’s and how this is affected by the global fleet. Current market influences include: * Imminent US Presidential and UK General elections * Two significant conflicts * Green and not-so-green policy aspirations * Company stock prices * Vessel financing, fleet capacity and day-rates. All this and more, reviewed with a healthy dose of reality, backed up with data and you won’t hear any of it on the mainstream news media. REGISTRATION OPENING SOON! Keep an eye on the SUT website at https://lnkd.in/eAiVyahG for details. SUT - Society for Underwater Technology #businessbreakfast #marketupdate #underwater #subsea #offshore #energy #geopolitics #insights #networking
Aberdeen Branch Business Breakfast & Subsea Market Outlook 2024
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It will be interesting to see what reaction comes through. It is clear the impact of the windfall tax has been felt all the way through the supply chain and revision needs to take place soon. #energy #oilandgas
Billion-pound North Sea dealmaker shifts focus abroad over 'unstable' UK
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LABOURING TOWARD THE END OF UK EXPLORATION - After almost six decades of offshore licensing, the latest offers from the UK’s North Sea Transition Authority (yes, the name kind of says it all…) could well be its last. With the upcoming UK general election on July 4, the Labour Party's potential victory brings significant implications. Their agenda not only signals the end of exploration licensing but also hints at an extension and amplification of the windfall tax, initially introduced two years ago. This political landscape has created fiscal uncertainty, prompting the rejection of some NSTA offers. Moreover, it has hindered companies' efforts to secure investments for existing and prospective projects. Anne Jones and Tom Richards read the tea leaves in more detail here: https://lnkd.in/eJfUK4uK. And for those keen to hear an articulate, unflinchingly plainspoken but not bombastic operator perspective, pages 3-5 of the Serica Energy plc Chairman David Latin's 2024 AGM Statement are also well worth the read: https://lnkd.in/evGKVdyn #enverus #enverusglobal
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The largest portion of the $4 billion tax credit pie – $2.7 billion – is for clean energy manufacturing and recycling, including nuclear. Critical materials recycling, processing and refining for projects such as rare earth projects and lithium-ion battery recycling gets the second-largest portion of $800 million. Industrial decarbonization comes in third at $500 million. More tax credits to come in Round 2. Get in line.
DOE Announces $4 Billion in Tax Credits to Build Clean Energy Supply Chain, Drive Investments, and Lower Costs in Energy Communities
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Today, I joined Kate Rooney on CNBC Power Lunch to discuss Crux and the ways #CleanEnergy investors are evaluating tax credits as a fundamental input to the capitalization of renewables and decarbonization projects in the US. 🎯 The #IRA establishes 12 categories of federal tax credits that can be sold for cash. This transformative new policy is already catalyzing the market. 🛠 According to Climate Power, clean energy projects creating 170,606 new jobs in 44 states were announced or advanced since the IRA was passed. There are 272 new clean energy projects in small towns and big cities nationwide, totaling $278 billion in new investments. 📈 PitchBook recently announced that $5.4 billion had been invested by VCs into climate tech companies in Q2. The money was invested into grid infrastructure, renewable energy, clean fuels, and dispatchable energy. 💵 Within the last 10 days, leading platforms like Lowercarbon Capital and Galvanize Climate Solutions have announced billions in additional fundraising. That new dry powder will finance new technologies and critical enabling tools. The new large market for transferable credits is developing extremely quickly with year end approaching. We're hosting a webinar tomorrow with Invenergy LLC, Aon, and Kirkland & Ellis to dive deeper. Join us! https://lnkd.in/gW-YD8Aw
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