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It was always a fantasy to think that the Senate Committee on the Budget’s hearing on oil disinformation would actually be about oil disinformation. It was still shocking, though, how far off the rails things ran.
The hearing concerned a report released Tuesday by the committee along with Democrats in the House documenting “the extensive efforts undertaken by fossil fuel companies to deceive the public and investors about their knowledge of the effects of their products on climate change and to undermine efforts to curb greenhouse gas emissions.” This builds on the already extensive literature documenting the fossil fuel industry’s deliberate dissemination of lies about climate change and its role in causing it, including the 2010 book Merchants of Doubt and a 2015 Pulitzer Prize-nominated series from Inside Climate News on Exxon’s climate denial PR machine. But more, of course, is more.
The new stuff in the joint congressional report includes evidence that fossil fuel companies accepted the validity of climate research internally while publicly attacking it, and that they hailed technologies like carbon capture and algae-based fuels while privately doubting they would ever achieve meaningful scale. The report also details how all six entities it investigated — fossil fuel companies Exxon, Chevron, Shell, and BP, plus the American Petroleum Institute and the U.S. Chamber of Commerce — slow-walked the investigation, providing redacted documents in response to subpoenas and withholding others altogether.
“If the companies had fully complied in good faith,” said Rep. Jamie Raskin, the House committee’s ranking Democrat, in his prepared remarks, “who knows what else we might have uncovered?”
The thing about these kinds of political exercises is that, well, they’re political. While there is indisputable value in investigating and recording the industry’s misdeeds, a congressional hearing is no venue for the earnest pursuit of truth.
The various members of the Senate Budget Committee took turns yanking Raskin off-message — and that included the Democrats. Sen. Ron Johnson, Republican of Wisconsin, went into full denial mode, speaking of “climate change alarmism” and concluding that “there’s literally nothing we can do about this other than adapt.” When Sen. Jeff Merkley, Democrat of Oregon, had his turn, however, he subjected Raskin to volleys of questions about forest fires and plastics, neither of which were a subject of the (to be clear, extensive) committee report.
My personal favorite moment in the hearing came after the break, when Raskin gave way to a panel of energy policy and disinformation experts including Sharon Eubanks, who led the Department of Justice case against Big Tobacco. In her opening statement, Eubanks stated plainly and clearly an idea she and others (both outside and inside the federal government) have been propounding for years.
“The similarities between the conduct of the tobacco industry and the petroleum industry form a solid and appropriate basis for investigating the petroleum industry,” she read into the congressional record. “Furthermore, we should not waste any more time wringing our hands about what can be done. There exists solid evidentiary basis to move forward with a request to the Department of Justice to investigate the actions of the fossil fuel industry.”
But that’s not even the good part.
Sen. Bernie Sanders was midway through a line of questioning about how such a prosecution might go down when he stumbled a bit asking about the damages paid in the tobacco case. “I don’t remember exactly what the settlement for tobacco was — it was huge,” he said, when Eubanks cut in.
"It wasn’t a settlement. I won,” she told Sanders. “The companies were forced to change the way they do business." And that, she went on to say, is the point of all this — not extracting money, although that’s nice too, but rather to force companies to operate in a more open and honest fashion.
The companies, for their part, are unsurprisingly unruffled by this latest demonstration of their deceitful behavior. “These are tired allegations that have already been publicly addressed through previous Congressional hearings on the same topic and litigation in the courts,” an Exxon spokesperson told Bloomberg yesterday. “As we have said time and time again, climate change is real.”
In one thing, at least, Exxon isn’t wrong: These allegations are tired. I myself am not a lawyer, of course, but it might be time to listen to Eubanks. She seems to know what she’s talking about.
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Rates were up 17% year over year in June, according to the latest Electricity Price Hub update, with another increase on the way.
With higher temperatures come higher electricity bills. Whether through higher seasonal charges or greater usage, Americans across the country were paying more for electricity in June.
In Virginia, the epicenter of the data center boom, the typical household electricity bill was $192 in June, up from $172 in June of last year, according to the latest data from the Heatmap and MIT’s Electricity Price Hub. Rates, meanwhile, were about 18 cents per kilowatt-hour, compared to just over 15 cents in June of last year, a 12% hike. Rates were also up from the end of last year, when they were about 15.5 cents.
The rate increase is largely due to prices set by Virginia’s largest utility, Dominion. Its rates are up 8% so far this year, according to MIT researchers, and 17% over the past 12 months, the result of a base rate increase that took effect at the beginning of the year. The average base rate alone is up 7.5% year over year for the average Dominion customer.
But that’s not all: The fuel portion of the bill is rising $8 a month for the typical customer, Dominion said according to local media reports, as a result of rising costs. The fuel charge went into effect at the beginning of July. Already, Dominion customers are paying about $78 per month for the generation portion of their electricity bill, according to Heatmap-MIT data.
The price hike will likely increase pressure on Dominion as it seeks to sell itself to Florida utility and energy developer NextEra in a $67 billion deal announced in May.
Earlier this week, Virginia's lieutenant governor Ghazala Hashmi sent a detailed letter to the State Corporation Commission, Virginia’s utility regulator, with 64 questions about the proposed merger. She said the deal “carries unprecedented implications for Virginia’s consumers and regulatory landscape.”
Hashmi asked regulators to extend their review of the deal beyond the six-month period mandated by its utility regulations, writing that “forcing this process into the six-month timeline will render an already inadequate period completely unworkable.”
In May, when the deal was announced, NextEra said it would provide over $2 billion of bill credits over two years to Dominion customers in Virginia, North Carolina, and South Carolina, which Dominion executives estimated would add up to $10 per month over the two years.
The enhanced geothermal company just announced a new 19,448-foot well.
Enhanced geothermal company Fervo has drilled another well.
This one is 19,448 feet deep, the company announced Thursday, and includes a 7,500-foot span laterally across the sub-surface. The well — called Sawtooth 7, part of Phase II of its flagship Cape Station project in Milford, Utah — took 21 days to drill, the company said. That matches the time required to drill the wells in Phase I, though the new one is nearly 35% deeper than those, on average, with a 50% greater lateral extension.
The greater depth and distance means greater energy potential from the well, while faster drilling times mean much lower costs. Tim Latimer, Fervo’s co-founder and chief executive, compared the timeline to that of the company’s 2022 Project Red well in Nevada, which achieved a depth of 11,220 feet in 70 days.
“Today, we are drilling deeper, hotter wells that will produce multiples more [megawatts] per well than our Project Red pilot, and we are doing it in a fraction of the time,” Latimer wrote.
Fervo says that its drilling rates at the Cape Station site have improved by 143% since it broke ground there in 2023.
The company says it’s now on track to get project costs down to $5,500 per kilowatt, working toward a goal of $3,000 per kilowatt over the long term. In its IPO filing, Fervo said costs at Cape Station were around $7,000 per kilowatt, indicating significant improvements in drilling efficiency in a relatively short period of time.
The news should be welcome to Fervo and its investors. Shortly after going public in May, the company announced that one of its Utah wells blew out. The company said at the time that there were no injuries, nor was there any environmental damage or “material impact to either cost or schedule of the project” at Cape Station.
Fervo raised almost $2 billion in its IPO, which it said will go to fund further progress on the flagship installation. Shares were trading at around $26 on Thursday afternoon, just shy of their $27 IPO price and up over 13% on the day.
The administration filed to dismiss an appeal of a December ruling that overturned its wind permitting freeze.
Trump’s Department of Justice is giving up on defending the president’s wind permitting moratorium.
The DOJ filed a motion on Wednesday to dismiss its appeal of a federal court’s December decision vacating the order to halt wind energy approvals. The plaintiffs in the case — New York and 16 other states, as well as the Alliance for Clean Energy New York, a trade group — did not oppose the motion. The case will not be officially dismissed, however, until the First Circuit Court of Appeals approves the request, which typically happens quickly when both parties support the dismissal.
The case stems from an executive order President Trump issued on the first day of his current term temporarily withdrawing all areas of the outer continental shelf from offshore wind leasing and pausing all federal authorizations for onshore and offshore wind projects while the administration conducted a review of leasing and permitting practices.
States took the administration to court last May, arguing that the order was arbitrary and capricious and violated the Administrative Procedures Act. They claimed it harmed their ability to source reliable and affordable energy and threatened billions of dollars in investment in supply chains, workforce development, and wind industry-related infrastructure.
On December 8, Judge Patti B. Saris of the U.S. District Court for the District of Massachusetts ruled in the states’ favor and vacated the wind order. More specifically, the judge vacated the portion of the order directing agencies to pause permits and other authorizations. The withdrawal of areas eligible for new leases remains in effect.
What it means is that federal agencies will now have to proceed with permitting wind projects using the existing statutory and regulatory framework, Kit Kennedy, the managing director for power, climate, and energy at the Natural Resources Defense Council, told me in an email. “The door to federal permitting is now unlocked again and each developer will be able to make the case for permitting their individual project based on the facts and the law,” she said.
The Trump administration appealed the ruling to the First Circuit in February, but never submitted an opening brief. The initial deadline was May 11, but on May 4, the DOJ requested additional time to file the brief. The judge gave the defendants until June 10. On that date, the defendants filed the motion to dismiss.
This is a developing story and we’ll update it as we learn more about the administration’s actions and their effects.
Editor’s note: This story has been updated to reflect that the freeze and ruling apply to onshore as well as offshore wind. It also adds a quote from Kit Kennedy.