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Of all the imaginative ways to die in New York City — getting pushed in front of a subway car, flattened by a falling a/c unit, clocked by an exploding manhole cover, etc. — perhaps the unlikeliest is Death By Toxic Black Mold.
That hasn’t stopped me from thinking about it ... all the time. Every New Yorker seems to know someone who’s discovered the inky starbursts in their building and had months of migraines, runny noses, and sore throats snap into horrible clarity. Toxic black mold. With a name like that, how could you not be terrified?
Fungi have been a little more top-of-mind lately, though, because they’re everywhere.
I mean that beyond the literal sense that “fungi are everywhere,” which they also are: We’ve found them in Antarctica, gnawing through Shackleton and Scott’s century-old huts; at the bottom of the ocean, in multi-million-year-old mud; on antiseptically clean hospital walls; and at the site of the Chernobyl nuclear disaster. Naturally, they survive “surprisingly well” in space.
Over the past decade or so, fungi have begun to infest our stories as well. This is particularly true of horror and sci-fi, including HBO’s recent The Last of Us adaptation, which expands on the 2013 game’s fungal zombie backstory. In 2017, Star Trek: Discovery introduced the idea that the whole universe is connected by mycelia, a concept explained to viewers by the fictional astromycologist Paul Stamets — not to be confused with Eldon Stammets, the mushroom-obsessed serial killer from season one of Hannibal (2013), nor the real mycologist Paul Stamets, after whom both characters were named (Bryan Fuller, a Stamets superfan, worked on both shows). Other memorable fungal sightings in fiction include Mike Carey’s The Girl With All the Gifts (2014); multiple Jeff VanderMeers but perhaps most obviously Annihilation (2014, with a film adaptation in 2018); Silvia Moreno-Garcia’s Mexican Gothic (2020); and N. K. Jemisin’s The City We Became (2020) — though there are many more. Taking a full inventory, it can almost seem as if, over the course of about a decade, writers collectively realized fungi are the perfect monsters: efficient, unknowable, hungry.
On the one hand, of course. We’re repelled by mold and mushrooms for the same reason we’re disgusted by rats or insects: They are symbols of death, disease, and decay, a reminder that in the end, we’re nothing more than fleshy neighborhoods for “postmortem fungal communities.”
But if there is something primordial about our fungus revulsion, there is something obtuse about it, too. Our lives have been entangled with fungi’s for as long as we’ve been human. The oldest dental records ever studied, belonging to cannibalized 50,000-year-old Neanderthals, indicate ancient hominids ate “primitive penicillin,” possibly for the same medical purposes that we use the mold-derived antibiotic today. Otzi the Iceman was wearing Birch polypores on a leather thong around his neck when he died. Some (admittedly fringe) scientists even believe mushrooms were the spark that set our Homo erectus ancestors on their journey to the higher consciousness of Homo sapiens.
What, then, soured in our multi-millennia-long human-fungus relationship to make us — as mycologist David Arora puts it — the “fungophobic society” we are today? The medical community’s acceptance of germ theory, and our modern obsession with cleanliness, are components, surely.
There is another possibility, too: The closer we’ve looked at fungi, the stranger they reveal themselves to be, and the richer and more possible our wildest fictions become.
Mushrooms might seem to sprout abruptly and at random. But in truth, they’re just the visible fruiting body of a much larger subterranean organism. Great speculative fiction works much the same way: While a story can appear to have sprouted from nothing, it’s been fed, just below the surface, by a tangle of science, headlines, and current events.
In the aftermath of the Hiroshima bombing in 1945, for example, fiction warped the horrors of nuclear science for films like Godzilla (1954), Them! (1954), and Tarantula (1955). And after the moon landing in 1969, Star Wars (1977), Close Encounters of the Third Kind (1977), and Alien (1979) all wondered who else might be up there?
When it comes to mycology, though, science is still getting started. Fungi didn’t even become their own taxonomic kingdom until 1969; before then, scientists just thought they were really weird plants.
Westerners have long approached fungi with suspicion. “The fields were spotted with monstrous fungi of a size and colour never matched before … Death sprang also from the water-soaked earth,” Arthur Conan Doyle wrote in Sir Nigel (1905-06), using fungi as an ominous mood-setter. Edgar Allen Poe wasn’t a fan either: “Minute fungi overspread the whole exterior” of the House of Usher, he wrote in 1839, “hanging in a fine tangled web-work from the eaves.” Folk explanations posited that mushrooms shot from the ground where lightning struck, and “a vast body of Victorian fairy lore connected mushrooms and toadstools with elves, pixies, hollow hills, and the unwitting transport of subjects to fairyland,” explains Mike Jay in The Public Domain Review.
Brits were especially revolted by the “pariahs of the plant world,” to the great disappointment of R.T. Rolfe, who penned a rousing 1925 defense titled Romance of the Fungal World. In Shakespeare’s day, it was questionable if mushrooms were even safely edible; “a hogg wont touch um,” warned Edmund Gayton in his 1695 Art of Longevity. Americans inherited this wariness — “the general opinion [in the U.S. is] all forms of fungus growth are either poisonous or unwholesome,” observed one cookbook writer in 1899 — though many were beginning to come around by the late 19th century, taking cues from the more adventurous eaters of France. Not every culture has been quite so squeamish: mushrooms have long been cultivated in Asia; are a staple of Eastern European, African, and Slavic cuisines; and Indigenous groups throughout the Americas have likewise long enjoyed all that fungi have to offer.
The reevaluation of fungi in refined English society came about almost entirely by accident, via the fortuitous contamination of Alexander Fleming’s staphylococci cultures by the genus Penicillium in 1928. Still, it wouldn’t be until the second half of the 20th century when fungus science really started to get weird — even weirder, you might say, than fiction.
Because the fungi, it appeared, were talking to each other.
When ecologist Suzanne Simard captured the public imagination by describing in a 1997 issue of Nature how trees use webs of underground fungi to communicate with each other, networks — conceptually — were already having a moment. The internet, and the “network of cables and routers” that comprised it, had been around since the 1970s, mycologist Merlin Sheldrake explains in Entangled Life, but when the World Wide Web became available to users in 1991, network science started informing everything from epidemiology to neuroscience. Nature tapped into this buzz by coining the “Wood Wide Web” on its cover to describe Simard’s research, and in doing so, mesmerizingly blurred science-fiction, tech, and biology.
The oft-quoted theory of the Wood Wide Web suggests that fungal threads called mycelium colonize root systems of forest trees, and in doing so, facilitate the exchange of defense signals and other “wisdom” by moving nutrients between plants. “Mother” trees, for example, can supposedly nurture samplings in their communities by shipping excess carbon via fungi. Reviewer Philip Ball went as far as to marvel in Prospect, after reading an account of these and other systems in Sheldrake’s Entangled Life, that “fungi force us to reconsider what intelligence even means.” (Sheldrake’s enthusiasm for the Wood Wide Web is more restrained; he uses it disparagingly to illustrate “plant-centrism in action”).
Ball wasn’t the only one awed, though. References to the “alien language” of fungi began popping up everywhere in popular science writing, as McMaster University’s Derek Woods has observed. Paul Stamets’ Mycelium Running helped bring Simard’s research to a more general audience in 2005, while Peter Wohlleben’s The Hidden Life of Trees (2015), and Simard’s own Finding the Mother Tree (2021) followed — not to mention “dozens of imitative articles,” TED talks, documentaries, and offshoot studies. As recently as last year, The Guardian was trumpeting that “Mushrooms communicate with each other using up to 50 ‘words’.”
Some scientists have since raised doubts about the Wood Wide Web, characterizing the research as potentially “overblown” and “unproven" — but it’s a good story, isn’t it? Not to mention a rich jumping-off point for writers who were paying attention to the headlines. One can trace a line directly from Simard’s research, through Stamets’ amplification, straight to Bryan Fuller’s mycelium plane in Star Trek: Discovery.
Yet the phenomenon, as described, sounds far more Edenic than the terrifying, often sentient, man-eating, mind-controlling, city-conquering fungi that have overwhelmingly appeared in modern sci-fi and horror. Is today’s fungal antagonist just a product of those centuries of folk superstitions? Or is something else in the zeitgeist making our skin crawl?
Let’s return, for a moment, to the ways I’ve imagined dying in New York City.
Though the chances of being taken out by a subway or an unsecured a/c unit are slim, they have, tragically, actually happened. But when you start to look into Deaths by Toxic Black Mold, the picture gets a lot murkier.
Few people, verging on none, have definitively died of black mold exposure. You wouldn’t know that, though, from the headlines of the early aughts, which are peppered with celebrity lawsuits over mold, culminating in TMZ tying the mysterious 2009 and 2010 deaths of Clueless actress Brittany Murphy and her husband to mold inhalation (ultimately disproven by their autopsies).
But mold hysteria didn’t originate in Beverly Hills. It comes from Ohio. In the mid ’90s, 12 babies in Cleveland died of lung hemorrhaging and the main suspect was an outbreak of black mold allegedly brought on by unusually heavy rains. CDC investigators found all of the afflicted infants lived in homes with bad water damage, and, in many cases, those homes also had Stachybotrys, a moisture-loving black mold. Soon, stories linking the fungus to the deaths were making national news.
Reevaluations of the outbreak later cast doubt on the correlation. In 1999, the CDC walked back its initial assessment, citing “serious shortcomings in the collection, analysis, and reporting of data.” More skepticism followed: If Stachybotrys is common wherever there is water-damaged wood, why were only babies in the Cleveland area being affected? And how do you explain that some of the babies lived in homes where no Stachybotrys was ever found?
Still, the story stuck, and the link between black mold and a whole host of health problems, including many that remain completely unproven, took root in the public consciousness. Soon, everyone was suing over black mold. “A single insurance company handled 12 cases in 1999,” mycologist Nicholas Money writes in Carpet Monsters and Killer Spores; by 2001, “the company fielded more than 10,000 claims.” The Washington Post likewise observed in 2013 that “experts say mold is not more prevalent these days; instead, we are more aware of it.”
Hypochondriacs eyeing mildew spots on their bathroom ceilings weren’t the only ones reading about deadly mold, of course. Writers were, too. And now fungi had two strikes against them: They possessed a weird alien intelligence and they were dangerous.
Then came the possibility they could control our minds.
The parasitic fungal genus Ophiocordyceps is at least 48 million years old. It has likely survived as long as it has because of its stranger-than-fiction method of propagating: Ophiocordyceps spores infect an ant and “hijack” its brain, forcing it to abandon its colony, climb a high leaf, and affix itself there with a bite. The ant then dies, still clinging to the leaf with its jaws, and the fungus sprouts out of its body, raining spores down onto other unlucky ants.
Humans turning into, or being consumed alive by, fungi had long fascinated writers (see: “The Voice in the Night” by William Hope Hodgson from 1907, or Stephen King’s 1973 “Gray Matter”). But with our increased cultural awareness of Ophiocordyceps in the 21st century, fungal mind control went from being a revolting body horror trope to a plausible sci-fi starting point. Neil Druckmann, the creative director of The Last of Us, has said he learned about the fungus from a 2008 episode of BBC’s Planet Earth, and he went on to use it as the basis for the zombies in his 2013 video game.
Though Druckmann was an early adopter of Ophiocordyceps, the fungus didn’t exactly remain obscure. “Zombie fungi are not known to use humans as hosts. At least yet,” The Columbus Dispatchwrote in 2014 (and filed, cryptically, in its “how to” section). The X-Men comics introduced “Cordyceps Jones,” a “talking parasitic fungal spore, intergalactic casino proprietor, and notorious crime boss,” as a new villain in 2021. The New York Times even saw fit to inform its readers, “After This Fungus Turns Ants Into Zombies, Their Bodies Explode.” Try scrolling past that.
Through this process of scientific discoveries, eye-catching headlines, and a little exaggeration, it took only a handful of decades for fungi to make the leap from “pariahs of the plant world” to the perfect horror villain. The climate crisis will likely be a further creative accelerant. Thanks to intensified hurricanes and flooding, mold will be an ongoing issue in homes nationwide. Plus, fungi are nothing if not survivors, and some are already pushing past the climatological boundaries — and antifungals — that used to contain them.
Even The Last of Us added an explanation in the HBO adaption that the warming planet is what allowed Ophiocordyceps to evolve and make the leap from cooler-bodied insects to comparatively hot humans. The good news is, mycologists say this is all but impossible in real life due to the vast biological differences between humans and ants; the bad news is, a deadly fungal pandemic is absolutely possible and, shocker, experts say we’re not at all prepared for it.
At least, not institutionally. Fiction has already hashed out how Fauna vs. Funga could go in a hundred different ways. Sometimes, the fungus comes to us from outer space. Sometimes, it possesses alien sentience; other times, it just represents the indifferent efficiency of nature. Sometimes, it takes over our minds and turns us against each other. Sometimes, it brings us together to fight back.
Fiction is also beginning to wonder if those villainous fungi might just be our friends. Think of those universe-binding spores that connect us in Star Trek, or the fungal-facilitated hivemind in a popular Hugo Award-winning series, which likewise eludes a straightforward antagonist narrative. It only makes sense: If spores are intelligent colonizers, well, so are we. Maybe the next step will be to put our heads — or at least, our hyphae and neurons — together.
Because while science reveals fungi to be weirder by the day, it also further reinforces that we can’t live without them. They nourish us, heal us, relieve us, protect us, and one day, maybe, will save us.
And oh, how they entertain us.
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When I reached out to climate tech investors on Tuesday to gauge their reaction to the Senate’s proposed overhaul of the clean energy tax credits, I thought I might get a standard dose of can-do investor optimism. Though the proposal from the Senate Finance committee would cut tax credits for wind and solar, it would preserve them for other sources of clean energy, such as geothermal, nuclear, and batteries — areas of significant focus and investment for many climate-focused venture firms.
But the vibe ended up being fairly divided. While many investors expressed cautious optimism about what this latest text could mean for their particular portfolio companies, others worried that by slashing incentives for solar and wind, the bill’s implications for the energy transition at large would be categorically terrible.
“We have investments in nuclear, we have investments in geothermal, we have investments in carbon capture. All of that stuff is probably going to get a boost from this, because so much money is going to be flowing out of quote, unquote, ‘slightly more established’ zero emissions technologies,” Susan Su, a climate tech investor at Toba Capital, told me. “So we’re diversified. But for me, as a human being, and as somebody that cares about climate change and cares about having an abundant energy future, this is very short-sighted.”
Bigger picture aside, the idea that the Senate proposal could lead to more capital for non-solar, non-wind clean energy technologies was shared by other investors, many of whom responded with tentative hope when I asked for their thoughts on the bill.
“The extension of the nuclear and geothermal tax credits compared to the House bill is really important,” Rachel Slaybaugh, a climate tech investor at DCVC, told me. The venture firm has invested in the nuclear fission company Radiant Nuclear, the fusion company Zap Energy, and the geothermal startup Fervo Energy. As for how Slaybaugh has been feeling since the bill’s passage as well as the general sentiment among DCVC’s portfolio companies, she told me that “it's mostly been the relief of like, thank you for at least supporting clean, firm and bringing transferability back.”
Indeed, the proposed bill not only fully preserves tax credits for most forms of zero-emissions power until 2034, but also keeps tax credit transferability on the books. This financing mechanism is essential for renewable energy developers who cannot fully utilize the tax credits themselves, as it allows them to sell credits to other companies for cash. All of this puts nascent clean, firm technologies on far more stable footing than after the House’s version of the bill was released last month.
Carmichael Roberts of Breakthrough Energy Ventures echoed these sentiments via email when he told me, “the Senate proposal is a meaningful improvement over the House version for clean energy companies. It creates more predictability and a clearer runway for emerging technologies that are not yet fully commercial.” Breakthrough invests in multiple fusion, geothermal, and long-duration energy storage startups.
Amy Duffuor, co-founder and general partner at Azolla Ventures, also acknowledged in an email that it’s “encouraging” that the Senate has “seen the way forward on clean firm baseload power.” However, she issued a warning that the unsettled policy environment is leading to “material risks and uncertainties for start-ups reliant on current tax incentives.”
Solar and wind are by far the most widely deployed and cost-competitive forms of renewable energy. So while they now mainly exist outside the remit of venture firms, there are numerous climate-focused startups that operate downstream of this tech. Think about all the software companies working to optimize load forecasting, implement demand response programs, facilitate power purchase agreements, monitor grid assets, and so much more. By proxy, these startups are now threatened by the Senate’s proposal to phase out the investment and production tax credits for solar and wind projects beginning next year, with a full termination after 2027.
“I think solar and wind will survive. But it's going to be like 80% of the deals don't pencil for a long time,” Ryan Guay, co-founder and president of the software startup Euclid Power, told me. Euclid makes data management and workflow tools for renewable project developers, so if the tax credits for solar and wind go kaput, that will mean less business for them. In the meantime though, Guay expects to be especially busy as developers rush to build projects before their tax credit eligibility expires.
As Guay explained to me, it’s not just the rescission of tax credits that he believes will kill such a large percent of solar and wind projects. It’s the combined impact of those cuts, the bill’s foreign entity of concern rules restricting materials from China, and Trump’s tariffs on Chinese-made components. “You’re not giving the industry enough time to actually build that robust domestic supply chain, which I agree needs to happen,” Guay told me. “I’m all for the security of the grid, but our supply chains are already very constrained.”
Many investors also expressed frustration and confusion over why Senate Republicans, and the Trump administration at large, would target incentives for solar and wind — the fastest growing domestic energy sources — while touting an agenda of energy dominance and American leadership. Some even used the president’s own language around energy issues to deride the One Big Beautiful Bill’s treatment of solar and wind as well as its repeal of the electric vehicle tax credits.
“The rollbacks of the IRA weaken the U.S. in key areas like energy dominance and the auto industry, which is rapidly becoming synonymous with the EV industry,” Matt Eggers, a managing director at the climate-tech investment firm Prelude Ventures, wrote to me in an email. “This bill will still ultimately cost us economic growth, jobs, and strategic positioning on the world stage.”
“The only real question is, are we going to double down on the future and on American dynamism?” Andrew Beebe, managing director at Obvious Ventures, asked in an emailed response. “Or are we going to cling to the past by trying to hold back a future of abundant, clean, and affordable energy?”
Su wanted to focus on the bigger picture too. While the Senate’s proposal gives tax credits for solar and wind a much longer phaseout period than the House’s bill — which would have required projects to start construction within 60 days of the bill’s passage and enter service by 2028 — Su still doesn’t think the Senate’s version is much to celebrate.
“The specific changes that came through in the Senate version are really kind of nibbling at the edges and at the end of the day, this is a huge blow for our emissions trajectory,” Su told me. She’s always been a big believer that there’s still a significant amount of cutting edge innovation in the solar and wind sectors, she told me. For example, Toba is an investor in Swift Solar, a startup developing high-efficiency perovskite solar cells. Nixing tax credits that benefit the solar industry will hit these smaller players especially hard, she told me.
With the Senate now working to finalize the bill, investors agreed that the current proposal is certainly not the worst case scenario. But many did say it was worse than they had — perhaps overly optimistically — been holding out for.
“To me, it's really bad because it now has a major Senate stamp of approval,” Su told me. The Senate usually tempers the more extreme, partisan impulses of the House. Thus, the closer a bill gets to clearing the Senate, the closer it usually is to its final form. Now, it seems, the reconciliation bill is suddenly feeling very real for people.
“At least back between May 22 and [Monday], we didn't know what was going to get amended, so there was still this window of hope that things could change more dramatically." Su said. Now that window is slowly closing, and the picture of what incentives will — and won’t — survive is coming into greater focus.
Rob and Jesse talk with John Henry Harris, the cofounder and CEO of Harbinger Motors.
You might not think that often about medium-duty trucks, but they’re all around you: ambulances, UPS and FedEx delivery trucks, school buses. And although they make up a relatively small share of vehicles on the road, they generate an outsized amount of carbon pollution. They’re also a surprisingly ripe target for electrification, because so many medium-duty trucks drive fewer than 150 miles a day.
On this week’s episode of Shift Key, Rob and Jesse talk with John Henry Harris, the cofounder and CEO of Harbinger Motors. Harbinger is a Los Angeles-based startup that sells electric and hybrid chassis for medium-duty vehicles, such as delivery vans, moving trucks, and ambulances.
Rob, John, and Jesse chat about why medium-duty trucking is unlike any other vehicle segment, how to design an electric truck to last 20 years, and how President Trump’s tariffs are already stalling out manufacturing firms. Shift Key is hosted by Jesse Jenkins, a professor of energy systems engineering at Princeton University, and Robinson Meyer, Heatmap’s executive editor.
Subscribe to “Shift Key” and find this episode on Apple Podcasts, Spotify, Amazon, YouTube, or wherever you get your podcasts.
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Here is an excerpt from our conversation:
Robinson Meyer: What is it like building a final assembly plant — a U.S. factory — in this moment?
John Harris: I would say lots of people talk about how excited they are about U.S. manufacturing, but that's very different than putting their money where their mouth is. Building a final assembly line, like we have — our team here is really good, that they made it feel not that hard. The challenge is the whole supply chain.
If we look at what we build here in-house at Harbinger, we have a final assembly line where we bolt parts together to make chassis. We also have two sub-component assembly lines where we take copper and make motors, and where we take cells and make batteries. All three of those lines work pretty well. We're pumping out chassis, and they roll out the door, and we sell them to people, which is great. But it’s all the stuff that goes into those, that's the most challenging. There's a lot of trade policy at certain hours of the day, on certain days of the week — depending on when we check — that is theoretically supposed to encourage us manufacturing.
But it's really not because of the volatility. It costs us an enormous amount to build the supply chain, to feed these lines. And when we have volatile trade policy, our reaction, and everyone else's reaction, is to just pause. It’s not to spend more money on U.S. manufacturing, because we were already doing that. We were spending a lot on U.S. manufacturing as part of our core approach to manufacturing.
The latest trade policy has caused us to spend less money on U.S. manufacturing — not more, because we're unclear on what is the demand environment going to be, what is the policy going to be next week? We were getting ready to make major investments to take certain manufacturing tasks in our supply chain out of China and move them to Mexico, for example. Now we’re not. We were getting ready to invest in certain kinds of automation to do things in house, and now we're waiting. So the volatility is dramatically shrinking investment in US manufacturing, including ours.
Meyer: And can you just explain, why did you make that decision to pause investment and how does trade policy affect that decision?
Harris: When we had 25% tariffs on China, if we take content out of China and move it to Mexico, we break even — if that. We might still end up underwater. That's because there's better automation in China. There's much higher labor productivity. And — this one is always shocking to people — there’s lower logistics costs. When we move stuff from Shenzhen to our factory, in many cases it costs us less than moving shipments from Monterey.
Mentioned:
CalStart’s data on medium-duty electric trucks deployed in the U.S.
Here’s the chart that John showed Rob and Jesse:
Courtesy of Harbinger
It draws on data from Bloomberg in China, the ICCT, and the Calstart ZET Dashboard in the United States.
Jesse’s case for EVs with gas tanks — which are called extended range electric vehicles
On xAI, residential solar, and domestic lithium
Current conditions: Indonesia has issued its highest alert level due to the ongoing eruption of Mount Lewotobi Laki-laki • 10 million people from Missouri to Michigan are at risk of large hail and damaging winds today • Tropical Storm Erick, the earliest “E” storm on record in the eastern Pacific Ocean, could potentially strengthen into a major hurricane before making landfall near Acapulco, Mexico, on Thursday.
The NAACP and the Southern Environmental Law Center said Tuesday that they intend to sue Elon Musk’s artificial intelligence company xAI over alleged Clean Air Act violations at its Memphis facility. Per the lawsuit, xAI failed to obtain the required permits for the use of the 26 gas turbines that power its supercomputer, and in doing so, the company also avoided equipping the turbines with technology that would have reduced emissions. “xAI’s turbines are collectively one of the largest, or potentially the largest, industrial source of nitrogen oxides in Shelby County,” the lawsuit claims.
The SELC has additionally said that residents who live near the xAI facility already face cancer risks four times above the national average, and opponents have argued that xAI’s lack of urgency in responding to community concerns about the pollution is a case of “environmental racism.” In a statement Tuesday, xAI responded to the threat of a lawsuit by claiming the “temporary power generation units are operating in compliance with all applicable laws,” and said it intends to equip the turbines with the necessary technology to reduce emissions going forward.
Shares of several residential solar companies plummeted Tuesday after the Senate Finance Committee declined to preserve related Inflation Reduction Act investment tax credits. As my colleague Matthew Zeitlin reported, Sunrun shares fell 40%, “bringing the company’s market cap down by almost $900 million to $1.3 billion,” after a brief jump at the end of last week “due to optimism that the Senate Finance bill might include friendlier language for its business model.”
That never materialized. Instead, the Finance Committee’s draft proposed terminating the residential clean energy tax credit for any systems, including residential solar, six months after the bill is signed, as well as the investment and production tax credits for residential solar. SolarEdge and Enphase also suffered from the news, with shares down 33% and 24%, respectively. You can read Matthew’s full analysis here.
Chevron announced Tuesday that it has acquired 125,000 net acres of the Smackover Formation in southwest Arkansas and northeast Texas to get into domestic lithium extraction. Chevron’s acquisition follows an earlier move by Exxon Mobil to do the same, with lithium representing a key resource for the transition from fossil fuels to renewable energy sources “that would allow the company to pivot if oil and gas demands wane in the coming decades,” Bloomberg writes.
“Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers,” Jeff Gustavson, the president of Chevron New Energies, said in a Tuesday press release. The Liberty Owl project, which was part of Chevron’s acquisition from TerraVolta Resources, is “expected to have an initial production capacity of at least 25,000 tonnes of lithium carbonate per year, which is enough lithium to power about 500,000 electric vehicles annually,” Houston Business Journal reports.
The Federal Emergency Management Agency prepared a memo titled “Abolishing FEMA” at the direction of Homeland Security Secretary Kristi Noem, describing how its functions can be “drastically reformed, transferred to another agency, or abolished in their entirety” as soon as the end of 2025. While only Congress can technically eliminate the agency, the March memo, obtained and reviewed by Bloomberg, describes potential changes like “eliminating long-term housing assistance for disaster survivors, halting enrollments in the National Flood Insurance Program, and providing smaller amounts of aid for fewer incidents — moves that by design would dramatically limit the federal government’s role in disaster response.”
In May, FEMA’s acting administrator, Cameron Hamilton, was fired one day after defending the existence of the department he’d been appointed to oversee when testifying before the House Appropriations subcommittee. An internal FEMA memo from the same month described the agency’s “critical functions” as being at “high risk” of failure due to “significant personnel losses in advance of the 2025 Hurricane Season.” President Trump has, on several occasions, expressed a desire to eliminate FEMA, as recommended by the Project 2025 playbook from the Heritage Foundation. The March “Abolishing FEMA” memo “just means you should not expect to see FEMA on the ground unless it’s 9/11, Katrina, Superstorm Sandy,” Carrie Speranza, the president of the U.S. council of the International Association of Emergency Managers, told Bloomberg.
The Spanish government on Tuesday released its report on the causes of the April 28 blackout that left much of the nation, as well as parts of Portugal, without power for more than 12 hours. Ecological Transition Minister Sara Aagesen, who heads Spain’s energy policy, told reporters that a voltage surge in the south of Spain had triggered a “chain reaction of disconnections” that led to the widespread power loss, and blamed the nation’s state-owned grid operator Red Eléctrica for “poor planning” and failing to have enough thermal power stations online to control the dynamic voltage, the Associated Press reports. Additionally, Aagesen said that utilities had preventively shut off some power plants when the disruptions started, which could have helped the system stay online. “We have a solid narrative of events and a verified explanation that allows us to reflect and to act as we surely will,” Aagesen went on, responding to criticisms that Spain’s renewable-heavy energy mix was to blame for the blackout. “We believe in the energy transition and we know it’s not an ideological question but one of this country’s principal vectors of growth when it comes to re-industrialisation opportunities.”
Metrograph
“It seems that with the current political climate, with the removal of any reference to climate change on U.S. government websites, with the gutting of environmental laws, and the recent devastating fires in Los Angeles, this trilogy of films is still urgently relevant.” —Filmmaker Jennifer Baichwal on the upcoming screenings of the Anthropocene trilogy, co-created with Nicholas de Pencier and photographer Edward Burtynsky between 2006 and 2018, at the Metrograph in New York City.