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United States Senator, State of Alaska
Chairman, Senate Energy and Natural Resources Committee
Preface from OurEnergyPolicy In the time since our November 2019 critical minerals discussion, COVID-19 has decimated global supply chains. Factory shutdowns in China, which accounts for 40–50% of the global wind power supply chain, have caused supply shortages of wind turbine components and massive financial losses, threatening current U.S. projects. China’s outsized market share is also affecting the solar market, although some analysts say a U.S. tariff on imported solar panels may have blunted the impact. “If coronavirus has shown us anything, it’s that we are far too reliant on China and other countries for key minerals like… [more]
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On Friday, GOP negotiators released their Conference Report (Report) reconciling House and Senate versions of the Tax Cut and Jobs Act. The tax bill would affect U.S. energy policy in several ways, impacting electric vehicles (EV), the clean energy industry, as well as oil & gas operations. Now that a deal is complete, two significant energy-related items, the Base Erosion Anti-Abuse Tax and the opportunity to drill in the Arctic National Wildlife Refuge, are likely to become law very soon. Base Erosion Anti-Abuse Tax: To offset U.S. tax liability, multinational companies often make payments to overseas affiliates and also purchase… [more]
View InsightSenate Energy & Natural Resources Chairman Jeff Bingaman (D-NM) has introduced the Clean Energy Standard Act of 2012, which would require electric utilities to derive increasing percentages of their supply mix from low-CO2 sources. The bill would take effect in 2015, and would require that by 2035 84% of power from large utilities come from low-CO2 sources. Sources eligible under the legislation include: renewables, such as wind and solar, “qualified” renewable biomass and waste-to-energy, hydropower, natural gas, and nuclear. Facilities with CO2 capture and storage, and some combined heat and power facilities, are also eligible. The bill establishes a market-based… [more]
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