Economy & Business

Ohio House Speaker Charged With $61 Million in Bribes for Energy Bailout

"Ohio House Speaker Larry Householder (R) helped pass a controversial nuclear bailout bill in exchange for almost $61 million in bribes, federal prosecutors said Tuesday as they announced racketeering charges against the official."

Source: The Hill, 07/22/2020

"FERC’s New PURPA Rule Undermines Clean Energy Projects, Advocates Say"

"The Federal Energy Regulatory Commission has changed the rules for a federal law that allows independent energy projects to secure utility contracts for their power. Utility groups say the changes will reduce costs for customers, but clean-energy groups and independent power developers say they’ll stifle open competition."

Source: Greentech Media, 07/17/2020

Trump Scales Back Landmark Environmental Law, Claims Help To Economy

"President Trump finalized a major overhaul Wednesday of one of the country’s most consequential environmental laws on the grounds that it has slowed the construction of highways, pipelines and other major projects across the country. The sweeping changes to the 50-year-old National Environmental Policy Act, which opponents have vowed to fight in court and reverse if Democrats regain control of the executive and legislative branches this fall, underscore the stakes in this year’s election."

Source: Washington Post, 07/16/2020

"Biden Announces $2 Trillion Climate Plan"

"Joseph R. Biden Jr. announced on Tuesday a new plan to spend $2 trillion over four years to significantly escalate the use of clean energy in the transportation, electricity and building sectors, part of a suite of sweeping proposals designed to create economic opportunities and strengthen infrastructure while also tackling climate change."

Source: NYTimes, 07/15/2020

Detroit: Civil Rights Coalition Sues To Bar Water Shutoffs For Residents

"A coalition of civil rights groups have filed a landmark class action to permanently ban water shutoffs for Detroit residents and force the city to implement an affordable payment plan."

Source: Guardian, 07/10/2020

"Pennsylvania Governor Pushes to Join Regional Climate Pact"

"Pennsylvania would add 27,000 jobs and $1.9 billion in economic gains by joining a coalition of mostly Northeast states trying to curb carbon dioxide emissions, the state’s Democratic administration said on Wednesday."

Source: Bloomberg Environment, 07/09/2020

"EPA Air Official Accused of Conflict Over Payments Via Gas Giant"

"As the EPA crafts a rule that would trim the agency’s oversight of methane gas, a Democratic-leaning group is demanding a recusal from the division head overseeing the process, accusing her of financial ties to natural gas distribution giant Enbridge Inc."

Source: Bloomberg Environment, 07/09/2020

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