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Energy and the Environment – How did key members of Congress perform in the midterms

Energy and the Environment – How did key members of Congress perform in the midterms

Republicans would prefer to win a slim majority in the House, while the Senate is ready to snatch votes as votes from Tuesday’s midterm elections are still being counted. We’ll take a look at how key members of the Energy and Natural Resources Committees in Congress operate.

Meanwhile, John Kerry is proposing new carbon markets for developing countries, and New York and California are voting on environmental ballot measures.

This is overnight energy and environmentYour source for the latest news focused on energy, the environment and beyond. For The Hill, we’re Rachel Frazen and Zach Bodrick. Someone forward this newsletter to you?

Energy members and natural resources in tight races

Although Democrats outperformed in what some pundits and forecasters had predicted would be the GOP’s election wave, results in a number of converging battles — including who would control the Senate — remained unclear as of Wednesday night.

Energy and climate issues figured prominently in midterm campaigns, as candidates often focused on issues like the cost of energy and gas on the way, and Republicans hoped to make the election a referendum on President Biden.

At the time of publication, here is the status of several major races:

  • Senator. Mark Kelly (Dr-Ariz.), a member of the Senate Committee on Energy, Natural Resources, the Environment, and Public Works, was Leadership Opponent Blake Masters in a race that has yet to be called up.
  • Senator. Catherine Cortez Masto (D-Neff), Member of the Energy Committee, Kan appendix Republican opponent Adam Laxalt.
  • Senator. Mike Lee (Republic of Utah), member of the Energy Committee, defeated independent opponent Evan McMullen.
  • Senator. Lisa Murkowski (R-Alaska), member and former chair of the Energy Committee, was appendix Republican opponent Kelly Chebaka.
  • re \ come back. Tom O’Halleran (Dr. Erez.) Member of the Energy and Trade Committee was You are expected to lose To Republican Party opponent Eli Crane, according to NBC News and ABC News.
  • re \ come back. Katie Porter (D-CA), chair of the House Natural Resources Committee’s Oversight Subcommittee, was Leadership Scott Pogue, Republican Party opponent.
  • re \ come back. Yvette Herrell (RN.M.), the prominent member of the Environment Subcommittee of the Oversight Committee, was appendix Democratic opponent Gabriel Vasquez.
  • re \ come back. Lauren Poubert (R-Colo.), Member of Natural Resources, Kan appendix Democratic opponent Adam Frisch.
  • re \ come back. Mike Levine (D-Calif.), member of the Committee on Natural Resources and Climate Crisis, Kan Leadership Republican opponent Brian Marriott.
  • re \ come back. Kim Shearer (D-Wash.), member of the Energy and Commerce Committee, Kan Leadership Republican opponent Matt Larkin.

Kerry proposes a public-private carbon market

US climate envoy John Kerry on Wednesday formally announced the Accelerated Energy Transition Program, a public-private partnership aimed at developing carbon markets to shift developing nations away from fossil fuels with private money.

In remarks at the UN Climate Summit COP27 in Egypt, Kerry said the proposed initiative would include partnering private capital with governments and NGOs to help transition to renewable energy sources. The former foreign minister described talks with world leaders in which they identified money as the number one obstacle to transition.

  • “Rich countries are stepping up their support. Our administration is working as hard as possible to deliver on President Biden’s pledge to quadruple US climate support by 2024. We are fully committed to doing our part.” But no government in the world has enough money to get the job done. We will only succeed with a massive injection of private capital.”
  • Kerry, who has spoken frequently about the need for private sector cooperation on decarbonization goals, said the initiative could start a snowballing effect by convincing other sources of funds of the opportunities the transition offers.
  • Another possibility, he said, is to allow companies participating in the program to use a limited amount of credit toward their short-term emissions reduction goals. “Companies will receive additional credits for exceeding their targets – to achieve a greater overall level of emissions reduction,” he added.

Not everyone is happy: Carbon credits have been a controversial concept among environmentalists and policy makers, with some describing them as a “greenwash” that allows companies to be misled about their environmental impact. In a statement on Wednesday morning, the international NGO ActionAid denounced the ad as a “stressful…a talking point”.

Read more about the proposal here.

California voters don’t tax promotion of electric cars

California voters on Tuesday rejected a measure that would have taxed the wealthy extra to fund subsidies for electric cars and charging stations.

  • Money from the ballot initiative, known as Proposition 30, would also have gone to support the response to the Golden State wildfires.
  • Under the proposal, residents who earn more than $2 million annually would pay an additional 1.75 percent personal income tax on earnings over $2 million.

The Associated Press called a polling initiative race just before 2:30 a.m.

With 41 percent of the votes counted, the votes in favor of the measure followed those opposed to it, reaching 59 percent versus 41 percent as of Wednesday morning.

According to the state’s official voter’s guide, if passed, the measure is expected to bring in $3.5 billion to $5 billion for the state for electric vehicle support and fire response and prevention programs.

Read more about the poll here.

New Yorkers vote on $4 billion in environmental bonds

New York voters approved a ballot Tuesday that will issue more than $4 billion in bonds for the state’s climate and environmental infrastructure.

The measure, the largest bond issue in Empire State history, passed with more than 59 percent of the vote, according to data from the New York State Board of Elections. Less than 29 percent of voters opposed it, while 12.1 percent left the question unanswered.

The measure – the Clean Water, Clean Air and Environmental Bonds for Green Jobs Act – includes $4.2 billion for environmental projects, including about $1.5 billion for infrastructure such as air and water pollution mitigation, $1.1 billion for flood resistance, $650 million for land conservation and $650 million for wastewater and sewage.

The allocations identified in the measure also include $500 million for electrification of the state’s school buses by 2035 and another $500 million for offshore wind projects.

Then- Gov. Andrew Cuomo (Democrat) first proposed issuing the bond in 2020, but was held back that summer, saying the COVID-19 pandemic made it financially unacceptable.

Governor Cathy Hochhol (D) signed a debt issuance budget in April of this year.

Read more about voting here.

what we read

  • Philips 66 cuts 1,100 jobs and returns billions of dollars to shareholders (CNN)
  • China will support climate damage mechanism, but not with money (Reuters)
  • Midterm Results on Climate Change at Country Races (Vox)
  • The International Energy Agency says that OPEC + may need to reconsider the decision to cut oil production (Bloomberg)
  • Jordan is running out of water, a grim glimpse into the future (The New York Times)

ICYMI

🤔 A click lighter: junocracy, if you will

That’s it for today, thanks for reading. Check out The Hill’s Energy & Environment page for the latest news and coverage. OK see you tomorrow.


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