Economy & Business

"GOP Targets Biden’s $400 Billion Clean-Energy Loan Program"

"Congressional Republicans are putting President Joe Biden’s $400 billion green bank in their crosshairs, seeking a repeat of the political victory they scored in 2011 with the scandal over collapsed solar company Solyndra."

Source: Bloomberg Environment, 01/05/2024

"Biden Administration Grants Louisiana Power To Approve Carbon Capture Wells"

"The Biden administration is handing Louisiana regulators new power to attract and approve carbon capture projects at a time when the state’s influential energy sector wants to make the Gulf Coast a hub for the rapidly expanding industry.'

Source: AP, 01/02/2024

Homebuyers Worry About Flood Risk. These States Are Requiring Disclosure.

"Hours into a marathon meeting earlier this month, and with little fanfare, the North Carolina Real Estate Commission gave its blessing to a proposal that could have profound impacts in a state where thousands of homes face threats from rising seas, unprecedented rainfall and overflowing rivers. Soon, anyone who sells a home in the state will be required to disclose to prospective buyers far more about a property’s flood risks — and flood history."

Source: Washington Post, 01/02/2024

U.S. Offshore Wind May Not Stay Becalmed for Long

While the first offshore wind turbine started sending power into the U.S. grid just last month, and the renewable power source has enthusiastic support from the Biden administration, the industry has been slowed by politics, high interest rates and supply chain problems. But the latest Issue Backgrounder explores why offshore wind can be expected to succeed.

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"People Are Leaving Some Neighborhoods Because Of Floods, A New Study Finds"

"Hundreds of thousands of neighborhoods in the United States are seeing population decline as a result of flooding, new research suggests. Those neighborhoods are often located in areas that are growing in population overall, including parts of Florida, Texas and the region around Washington, D.C."

Source: NPR, 12/18/2023

"Virginia County Approves Data Center Project After 27-Hour Public Hearing"

"County supervisors in northern Virginia approved one of the world’s largest data center projects after a public hearing that ran through the night and lasted more than 24 hours."

Source: AP, 12/14/2023

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