U.S. Energy News

JPMorgan Chase won’t fund Arctic oil and gas development

OIL & GAS: JPMorgan Chase says it will bar the financing of oil and gas development in the Arctic but continue backing oil and gas projects elsewhere. (Washington Post)

ALSO:
Presidential candidate Michael Bloomberg has put off efforts to disclose his investment portfolio, but as of last year it included companies involved in fracking. (The Intercept)
A natural gas flaring researcher says a Texas regulator’s report on flaring is “a joke,” relying too much on pro-industry talking points. (KUT)

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PIPELINES:
Supreme Court justices discuss the merits of a permit for the Atlantic Coast Pipeline to cross under the Appalachian Trail, expressing skepticism about environmental groups’ arguments against it. (The Hill, New York Times)
Dominion Energy says it remains “confident” that the Supreme Court will rule in its favor. (E&E News, subscription)

UTILITIES:
• A Michigan utility says it will achieve net zero carbon emissions by 2040 — the most ambitious net-zero target yet for a U.S. utility. (Michigan Radio)
Despite frustration with Duke Energy’s rates and clean energy plans in North Carolina, there’s no clear path to ending its monopoly. (Energy News Network)
A Virginia bill would give state regulators power to order refunds from Dominion Energy when it collects excessive revenue. (Energy News Network)

SOLAR:
• Connecticut municipalities and solar developers are locked in a dispute over a vague state law that determines which installations are tax-exempt. (Energy News Network)
• Solar technology is getting cheaper and more efficient, prompting developers to consider repowering projects sooner than expected. (Greentech Media)

WIND: The U.S. could generate 20% of its electricity from wind within 10 years without using any additional land, a Cornell University study finds. (EurekAlert) 

ELECTRIC VEHICLES: A new report from a nonprofit policy group reinforces the urgency of phasing out gasoline-fueled cars in the next decade. (E&E News)

GRID: Participants in grid operator PJM’s territory will meet to consider rule changes as states move to reduce carbon emissions. (E&E News)

CLIMATE:
• Climate change could become a “catastrophic” threat to global security, according to a report by security, military and intelligence experts. (Reuters)
• A new book reveals that the Pentagon is far more worried about the potential impacts of climate change than most probably realize. (Vox)

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CARBON: President Trump’s agriculture secretary alarmed rural conservatives and White House staffers by suggesting support for carbon pricing. (Grist) 

COMMENTARY:
Utility-scale battery storage technology has arrived; now the regulatory framework must catch up, an energy company CEO says. (Energy News Network)
Senate Majority Leader Mitch McConnell claims he and President Trump ended the “war on coal.” (Courier Journal)

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