Colonial restarts pipeline with supply chain far from normal bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
ACORE: Transmission ITC could spur 42GW of wind and solar capacity
Image: Smartgrid
The American Council on Renewable Energy (ACORE) has said that a proposed transmission investment tax credit (ITC) in the US could spur US$15.3 billion of fresh investment in clean energy and enable an extra 42GW of wind and solar capacity to come online.
A report published this week by the trade association states that an ITC could lower consumers’ power costs and that it is “necessary” to encourage the construction of high-voltage transmission infrastructure across the country.
Gregory Wetstone, ACORE’s chief executive, said that grid expansions and updates will be “essential to reducing carbon emissions, but we aren’t yet building nearly enough of the large-scale transmission projects we know we’ll need as we enter a critical period for decarbonising our economy and accelerating the transition to renewable energy.”
Tech audit of Colonial Pipeline found glaring problems nownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nownews.com Daily Mail and Mail on Sunday newspapers.
We are constantly assessing and improving our security practices both physical and digital,” the privately held Georgia company said in response to questions from the AP about the audit s findings. It did not name the firms who did cybersecurity work but one firm, Rausch Advisory Services, located in Atlanta near Colonial s headquarters, acknowledged being among them. Colonial s chief information officer sits on Rausch s advisory board.
Colonial has not said how the hackers penetrated its network. How vulnerable it was to compromise is sure to be intensely scrutinized by federal authorities and cybersecurity experts as they consider how the most damaging cyberattack on U.S. critical infrastructure might have been prevented.
Any shortcomings by Colonial would be especially egregious given its critical role in the U.S. energy system, providing the East Coast with 45% of its gasoline, jet fuel and other petroleum products.
Smallwood, a partner at iMERGE and managing director of the Institute for Information Governance, said he prepared a 24-month, $1.3 million plan for Colonial. While iMERGE’s audit was not directly focused on cybersecurity “we found many security issues, and that was put in the report.”
Colonial’s statements Wednesday suggest it may have heeded a number of Smallwood’s recommendations. In addition, it says it has active monitoring and overlapping threat-detection systems on its network and identified the ransomware attack “as soon as we learned of it.” Colonial said its IT network is strictly segregated from pipeline control systems, which were not affected by the ransomware.