Hill Heat

From the Wonk Room.

Electric utility executives in coal-heavy Indiana and North Dakota attacked cap-and-trade legislation as a “tax” on electricity, calling energy policy reform “too complicated to do swiftly.”

“If Greenland melts,” Secretary of Energy Chu told reporters at the fifth Summit of the Americas in Trinidad and Tobago, “we are looking at a 7-meter sea level rise around the world. Some island states will disappear.”

Appearing on This Week with George Stephanopoulos, House Minority Leader John Boehner (R-OH) confusedly attacked the science of climate change: “George, the idea that carbon dioxide is a carcinogen that is harmful to our environment is almost comical. Every time we exhale, we exhale carbon dioxide. Every cow in the world, you know, when they do what they do, you’ve got more carbon dioxide.”

From the Wonk Room.

Wildfires fueled by “high winds and bone-dry conditions” raged through Oklahoma and Texas, burning over 200,000 acres of land. In Texas, the fires destroyed two towns and killed three people, while in Oklahoma, “losses from wildfires could reach $20 million dollars.”

Michigan officials “announced investments in four new operations that would employ several thousand workers” in advanced battery production collectively worth about $1.7 billion. The projects “illustrate the state’s burgeoning hold on the vehicle battery production market.”

St. Louis-based Peabody Energy Corp, the world’s largest coal company, announced “first-quarter profit tripled” to $170 million.

From the Wonk Room.

Yesterday, the Energy Department proposed lighting standards for fluorescent and incandescent lamps that could “save consumers and businesses almost $40 billion between 2012 and 2042 and eliminate the need for as much as 3,850 megawatts of power generating capacity by that date.”

Rep. Ed Markey (D-MA), speaking at an MIT conference on a clean-energy economy yesterday: “We have to set aside a certain amount of carbon credits to ensure that the steel and the paper and other trade-sensitive, energy-intensive industries are not exploited in the near term by the Chinese and others.”

The National Marine Fisheries Service announced it “will protect habitat for belugas in Alaska’s Cook Inlet, despite a lawsuit from Gov. Sarah Palin (R) seeking to wrest the whales from federal management.”

From the Wonk Room.

“Wind turbines accounted for 42 percent of all new generating capacity in the U.S.,” growing into “a key part of the energy infrastructure in Minnesota and Iowa,” which can now generate more wind power than California.

On Tuesday, Maine lawmakers “will take up one of the most far-reaching anti-global-warming bills to go before any state Legislature in the country” “to reduce dependence on fossil fuels and cut carbon dioxide emissions” but “Maine’s business community wants the Legislature to kill the proposal.”

U.S. Department of Energy officials and top commercial real estate executives kicked off the Commercial Real Estate Energy Alliance, a public-private partnership aiming to produce widespread net-zero-energy commercial buildings by the year 2025.

From the Wonk Room.

A new report which calculates the global warming pollution footprint of U.S. mutual funds finds that “carbon intensity indicates financial risk.”

White House officials say the administration “will be flexible” on the “complicated subject” of comprehensive energy legislation, including the possibility of backing away from the principle “that carbon permits should be auctioned rather than given away”—a development the electricity lobby finds “encouraging.”

Saudi Arabia’s lead climate negotiator wants “industrialized countries to assist us through direct investment, transfer of technologies,” because their oil economy will be affected by restrictions on global warming pollution.

From the Wonk Room.

“Windmills off the East Coast could generate enough electricity to replace most, if not all, the coal-fired power plants in the United States,” Interior Secretary Ken Salazar said Monday. “It is not technology that is pie-in-the sky; it is here and now.”

In a letter to Science not available to the public, prominent climate scientists argue “it is imperative we improve the exchange of information between scientists and public stakeholders.”

As Antarctic ice shelves crumble at the end of the southern summer, the northern summer begins with the Arctic “on thinner ice than ever before,” with 90 percent of sea ice less than three years old.

The Environmental Protection Agency has announced that it will hold a two-day public hearing next week in Arlington, Va. on its “proposal for the first comprehensive national system for reporting emissions of carbon dioxide and other greenhouse gases produced by major sources in the United States.”

The hearing will take place Monday and Tuesday, April 6 and 7 from 9:00 a.m. to 5 p.m. at the EPA Potomac Yard South Conference Center, 2777 Crystal Drive, Room S-1204, Arlington, VA 22202. Daily parking is available in the building and photo ID is required.

From the Wonk Room.

In Bonn, White House climate negotiator Jonathan Pershing said Obama’s plan to lower greenhouse gases to 1990 levels by 2020 is in the overlap of pragmatism and science.

Calling on developed nations to cut greenhouse emissions by “at least 45 percent below 1990 levels by 2020,” small island states say current targets are “going to destroy their countries.”

On Wednesday, 15 Democrats joined every Republican senator to preserve the filibuster against green economy legislation, even if “the Senate finds that public health, the economy and national security of the United States are jeopardized by inaction on global warming.”

Please come to the inaugural Hill Heat Happy Hour at the Reef in Adams Morgan Monday afternoon at 6:30, to drink Manhattans and discuss Copenhagen, and mix beers with biochar. Our special guest speaker will be Jerome Guillet, a top wind energy financier and sustainable energy blogger. In a brief presentation, Making Finance Sustainable, Jerome will discuss how to avoid another global financial meltdown and what barriers exist to the financing of the renewable energy sector. Raise your spirits while you raise your glass, and share ideas while you share a pitcher.

Jerome Guillet is a French investment banker based in Paris, specializing in the energy sector, and more specifically on wind power. He blogs as “Jerome a Paris” on DailyKos and other sites and is editor of the European Tribune (www.eurotrib.com), a website and European politics and international affairs, and contributing editor to The Oil Drum (www.theoildrum.com), a website focused on energy. He’s also a member of the “Energize America” Netroots effort to draft a sane energy policy.

RSVP here.

From the Department of Energy, Energy Secretary Steven Chu today offered a $535 million loan guarantee for Solyndra, Inc. to support the company’s construction of a commercial-scale manufacturing plant for its proprietary cylindrical solar photovoltaic panels. The loan guarantee is conditional on Solyndra satisfying equity commitments. Announcing his first loan guarantee, Chu said:

This investment is part of President Obama’s aggressive strategy to put Americans back to work and reduce our dependence on foreign oil by developing clean, renewable sources of energy. We can create millions of new, good paying jobs that can’t be outsourced. Instead of relying on imports from other countries to meet our energy needs, we’ll rely on America’s innovation, America’s resources, and America’s workers.

Based in Fremont, CA, Solyndra is currently ramping up production in its initial manufacturing facilities. Once finalized, the DOE loan guarantee will enable the company to build and operate its manufacturing processes at full commercial scale.

Solyndra estimates that:

• The construction of this complex will employ approximately 3,000 people.
• The operation of the facility will create over 1,000 jobs in the United States.
• The installation of these panels will create hundreds of additional jobs in the United States.
• The commercialization of this technology is expected to then be duplicated in multiple other manufacturing facilities.

Secretary Chu initially set a target to have the first conditional commitments out by May.