- While the fossil fuel industry still has a big chunk of the market and a staunch ally in President Donald Trump, experts generally agree that renewable energy will rule in the future. Now, a new study is warning energy companies to start adopting green sources if they want to stay in business. The study was conducted by Wood Mackenzie. [EconoTimes]
- Renewable energy sources like wind and solar are expected to see their costs plummet even further over the coming decades. According to BNEF’s New Energy Outlook 2017 report, offshore wind costs will absolutely plummet, dropping 71% by 2040, and the levelized the costs of electricity from solar and onshore wind will drop 66% and 47%, respectively. [CleanTechnica]
- Republican lawmakers peppered EPA Administrator Scott Pruitt with tough questions on proposed budget cuts that many feared would result in drastic changes to their states. At a House hearing on the White House’s proposed EPA budget, a number of GOP members of Congress objected to the proposed cuts of over 30%. [CNN]
- The Trump administration is backing off its threat to revoke California’s unique authority to set its own tough pollution standards for cars and trucks. EPA Administrator Scott Pruitt assured lawmakers that his agency is not currently looking to take away the power that California has used for decades to reduce emissions. [Los Angeles Times]
- According to the authors of Deloitte’s annual “Resources 2017 Study – Energy Management: Sustainability & Progress,” the demand for clean energy has passed the point of no return in the US. It is no longer a political issue, but economic, driven by consumers and businesses, independent of positions of the federal government. [ETEnergyworld.com]
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