Biden's vision for green US imperiled by Senate coal-state tycoon By Frankie TAGGART Washington (AFP) Oct 19, 2021 President Joe Biden has pledged to enact the toughest environmental policies in US history but his plans look dead on arrival thanks to one senator who has pocketed a fortune from fossil fuels. The $150 billion Clean Electricity Performance Program (CEPP) -- a cornerstone of Biden's sweeping domestic agenda -- would reward utilities that switch to renewable energy and penalize those that do not. Experts say the program would cut most greenhouse gas pollution tied to electricity generation, which accounts for roughly a quarter of US emissions. But Joe Manchin, a conservative Democrat from coal-rich West Virginia who heads the Senate's energy committee, argues that throwing cash at companies already moving away from fossil fuels is wasteful. "Senator Manchin has clearly expressed his concerns about using taxpayer dollars to pay private companies to do things they're already doing," the centrist senator's communications director, Sam Runyon, told AFP. "He continues to support efforts to combat climate change while protecting American energy independence and ensuring our energy reliability." Under laws originally intended to encourage cross-party cooperation, legislation in the United States usually needs the support of 60 of the 100 senators to get out of the starting blocks. The ruling party can overcome opposition stonewalling to pass certain measures however with just a simple majority, through an arcane budgeting process known as "reconciliation." But even under this system, they rely on a vice-presidential tiebreaker in the 50-50 Senate if there's no opposition backing, meaning Manchin has an effective veto and can tank any bill. The 74-year-old has already emerged as a crucial up-or-down vote on the historic, multi-trillion dollar "Build Back Better" social welfare bill that contains the climate provisions. - 'Stop the pain' - The impasse creates a headache for the president as he prepares to head to Glasgow for a major climate change gathering at the end of the month. Keen to rebuild US climate credibility undermined by inertia and denialism under Donald Trump, Biden is desperate to have sweeping new global warming curbs agreed in Washington before he shows up to Scotland. CEPP, along with clean energy tax credits, would have made up the majority of Biden's goal of slashing emissions to 50 percent of 2005 levels by 2030. Gridlock on Capitol Hill while Democrats control Congress and the White House also threatens to undermine the party's case going into next year's midterm elections that it knows how to govern. Manchin has a vested and longstanding interest as a senator from West Virginia, the second-largest coal-producing state after Wyoming, according to government data, generating nine-tenths of its electricity from the fuel. His last public financial disclosure reveals that Manchin received almost half a million dollars in dividends on stock from Enersystems, the coal brokerage firm he founded that is now run by his son. But rates for coal-fired power have more than doubled over the past decade. While he may have the support of miners and other workers in the traditional energy sector, Manchin is not backed by all West Virginians. Jim Kotcon, chairman of environmental lobby group the Sierra Club's local conservation committee, said West Virginians were seeing increasingly severe floods thanks to climate change -- and skyrocketing utility bills. "Stop the pain: prioritize investments in the people of West Virginia... Pass the Build Back Better bill and move West Virginians forward," he said in a statement. - 'No climate, no deal' - Manchin's refusal to support the clean electricity program has also sparked a backlash from fellow Democrats in Washington, with some threatening to sink the broader bill in its entirety. "Here's the deal: climate cannot and will not be cut. No climate, no deal," Massachusetts Senator Ed Markey said at a recent press event. West Wing aides are said to be scrambling to look for other legislative ways to achieve climate benefits and keep Democratic support on track. These could include a carbon tax -- in which polluting industries pay a fee for every ton of carbon dioxide they emit -- or additional clean-energy tax incentives and credits. Minnesota's Senator Tina Smith, a long-time champion of the clean energy program, described the social spending bill as "our last chance" to take effective action on carbon emissions. "Clean energy tax credits are great, but they can't do the heavy lifting all by themselves," she said. But for environmentalist and author Bill McKibben, Manchin's position essentially marks "the end of the line for the foreseeable future" for legislation shutting down burning of fossil fuels. "Whatever emerges, the administration will certainly be able to claim that it's the 'largest climate legislation Congress has ever adopted,'" he said in a weekend blog post. "But it will also be a failure."
China eyes coal price intervention to curb cost spikes Beijing (AFP) Oct 20, 2021 China pledged to reduce soaring coal prices as it ramps up production to relieve increasing pressure on the country's economy - despite promising to reduce fossil fuel emissions. The world's number two economy expanded slower than expected in the third quarter as an energy crisis began to bite, official data showed this week, with electricity shortages and production cuts dragging industrial output. It comes as Beijing - one of the world's leading polluters - says it will reduce emissions and ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |