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Energy, editors' picks: Big banks buy into renewables


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Energy, editors' picks: Big banks buy into renewables

SNL Energy editors' picks for the best stories for the week ended Oct. 13.

1. Big banks buy into renewables with eye on the future

As many of Wall Street's biggest banks commit to buying 100% renewable energy to power their global operations, their decision to invest in renewables internally may be guided by a strategy aimed at accommodating the demands of the sector longer-term.

2. Clean Power Plan repeal seen as unlikely to diminish demand for low-cost gas

The gas industry appears unfazed by the Trump administration's efforts to repeal the previous White House's Clean Power Plan, emphasizing that the fuel's increased role in the power sector stems from market forces and not the Obama-era emissions rule.

3. Power industry sees little or no impact from Clean Power Plan repeal

The U.S. Environmental Protection Agency proposal to repeal the Clean Power Plan is much ado about nothing, according to power industry insiders who have long been planning for a cleaner energy future regardless of regulatory actions in Washington, D.C.

4. 'Aggressive' move to boost coal adds to effort to dismantle Obama energy legacy

President Donald Trump's rapid and broad support of the coal industry is pivoting from not just undoing the legacy of the Obama administration, but also proactively seeking to boost the sector.

5. Row over wind farms' impact on NY air base reflects national clash

More than 1,000 MW of proposed wind capacity in upstate New York could be at risk following Gov. Andrew Cuomo's recent announcement that the state will investigate whether turbines disrupt the radar and flights of a U.S. military airbase. But wind advocates and developers are insisting that a federal review process already in place works just fine.