Big banks face potential investor counting on climate

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FINANCE: Shareholder resolutions at four major US banks this week will call on them to stop funding fossil fuels, while investors in Berkshire Hathaway are also expected to challenge its fossil fuel holdings. (E&E News, New York Times)

POLITICS: Tax breaks for clean energy and levies on methane emissions are among the issues likely to resurface as congressional Democrats reinvigorate Build Back Better talks. (E&E News)

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GRID: Regional grid operators PJM and MISO have told US EPA officials that enforcement of new coal ash regulations threatens grid reliability in their vast service territories. (Inside Climate News)

SOLAR:
• Texas regulators approve a 50 MW solar farm on a Houston landfill that will be the largest urban solar farm in the country. (Houston Chronicle)
• A power company and a real estate company announce plans to develop more than 450 MW of solar energy and are considering dozens of industrial sites in the Southeast and in California. (Renewables Now)

OIL GAS:
Oil and gas executives took home $45 million more combined compensation in 2021 than in 2020, even as gasoline prices rose. (Guardian)
California regulators ban crop irrigation with hydraulic fracturing wastewater, but allow farmers to use conventional drilling wastewater even though it contains many of the same toxic compounds. (Inside Climate News)
• Public records show how fines paid by Texas polluters can go to projects and organizations that directly benefit penalized companies. (Texas Tribune)
• Utilities fix gas leaks faster in white suburbs than in cities, leaving minorities and low-income people more at risk from leaks, according to an analysis of repair times in Massachusetts. (E&E News)

CLIMATE:
• Pennsylvania officials issue regulations enrolling the state in the Regional Greenhouse Gas Initiative after years of wrestling over policy, while critics say they will continue to take legal action . (Pennsylvania Capital-Star; Pittsburgh Business-Times, subscription)
• Twitter announces that it will no longer allow ads that “contradict the scientific consensus on climate change”. (Axios)

HYDROELECTRICITY: A tidal energy developer could soon install a generating device in one of the world’s most powerful whirlpools off the coast of Maine. (Maine Monitor)

COAL: Xcel Energy tentatively agrees to shut down a coal-fired power plant in Colorado four years earlier than originally planned. (CPR)

UTILITIES: FirstEnergy tells investors it will pay $37.5 million to settle four lawsuits stemming from Ohio’s House Bill 6 corruption scandal. (Cleveland.com)

GEOTHERMAL: The Fallon Paiute Shoshone Tribe is calling on the Biden administration to create a national monument on Nevada lands targeted by geothermal energy developers. (Nevada Independent)

REMARK:
National lab researchers explain why more developers are looking to build solar panels plus storage and how they could boost grid reliability. (The conversation)
• States need to set bolder targets and dedicate funds to electrifying their school bus fleets, says a climate think tank. (Forbes)

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