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WASHINGTON– Chairman Frank Pallone (D-NJ) released an updated version of the CLEAN Future Act today. The new version proposes a faster 2035 timeline to achieve “net-zero” emissions in the power sector. However, the new bill maintains the partial credit for fossil fuel generation emitting less than .82 metric tons of CO2e per megawatt-hour through 2030 and then slowly lowers it to .40 in 2035.
Friends of the Earth previously co-released a report with the Partnership for Policy Integrity in 2020 identifying the potential benefits of the plan to both fracked gas power plants at baselines of both .82 and .40.
Friends of the Earth Program Manager Lukas Ross issued the following response:
Trump’s parting gift to Big Oil
Trump’s parting gift to Big Oil
January 14, 2021 Rushed OCC “fair access” rule should face the Congressional Review Act
WASHINGTON– The Office of the Comptroller of the Currency has finalized its “fair access” rule today, designed to protect oil companies from lenders making informed decisions based on climate risk and the dwindling economic prospects of dirty energy. This comes only ten days after the closing of the comment period.
Friends of the Earth Program Manager Lukas Ross issued the following response:
OCC’s fair access rule is a disgrace and should be one of the first things Democrats dismantle after January 20