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Sparks

What Would Trump Do About Climate Change? Something About the Mayor of Moscow’s Wife.

Hunter Biden also made an appearance in Trump’s answer to the debate’s one climate question.

Donald Trump.
Heatmap Illustration/Getty Images

Well, it happened — over an hour into the debate, but it happened: the presidential candidates were asked directly about climate change. ABC News anchor Linsey Davis put the question to Vice President Kamala Harris and former President Donald Trump, and their respective answers were both surprising and totally not.

Harris responded to the question by laying out the successes of Biden’s energy policy and in particular, the Inflation Reduction Act (though she didn’tmention it by name). “I am proud that as vice president, over the last four years, we have invested a trillion dollars in a clean energy economy,” Harris noted.

The vice president immediately followed this up, however, by pointing out that gas production has also increased to “historic levels,” under the Biden-Harris administration. This framing, highlighting an all-of-the-above approach to energy, is consistent with Harris’s comments earlier in the debate, whenshe claimed to support fracking and investing in “diverse sources of energy.” Harris went on to reiterate the biggest wins of the Inflation Reduction Act, namely, “800,000 new manufacturing jobs,” and shouted out her endorsement from the United Auto Workers and its President Shawn Fain.

Trump, who earlier in the debate called himself “a big fan of solar” before questioning the amount of land it takes up, started off his response by once again claiming that the Biden-Harris administration is building Chinese-owned EV plants in Mexico (they are not). Then Trump veered completely off topic and rounded out his answer by ranting about Biden (both Joe and Hunter). “You know, Biden doesn’t go after people because, supposedly, China paid him millions of dollars,” Trump noted. “He’s afraid to do it between him and his son, they get all this money from Ukraine.”

Trump’s answer included no reference to climate or clean energy — but it did include a shout out to “the mayor of Moscow’s wife,” so there’s that.

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Sparks

It’s Been a Big 24 Hours for AI Energy Announcements

We’re powering data centers every which way these days.

Google and Exxon logos.
Heatmap Illustration/Getty Images

The energy giant ExxonMobil is planning a huge investment in natural gas-fired power plants that will power data centers directly, a.k.a. behind the meter, meaning they won’t have to connect to the electric grid. That will allow the fossil fuel giant to avoid making the expensive transmission upgrades that tend to slow down the buildout of new electricity generation. And it’ll add carbon capture to boot.

The company said in a corporate update that it plans to build facilities that “would use natural gas to generate a significant amount of high-reliability electricity for a data center,” then use carbon capture to “remove more than 90% of the associated CO2 emissions, then transport the captured CO2 to safe, permanent storage deep underground.” Going behind the meter means that this generation “can be installed at a pace that other alternatives, including U.S. nuclear power, cannot match,” the company said.

The move represents a first for Exxon, which is famous for its far-flung operations to extract and process oil and natural gas but has not historically been in the business of supplying electricity to customers. The company is looking to generate 1.5 gigawatts of power, about 50% more than a large nuclear reactor, The New York Timesreported.

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Blue
Sparks

Trump Promises ‘Fully Expedited’ Permitting in Exchange for $1 Billion of Investment

But ... how?

Donald Trump.
Heatmap Illustration/Getty Images

President-elect Donald Trump on Tuesday rocked the energy world when he promised “fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals” for “Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America,” in a post on Truth Social Tuesday.

“GET READY TO ROCK!!!” he added.

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Green
Sparks

The Mad Dash to Lock Down Biden’s Final Climate Dollars

Companies are racing to finish the paperwork on their Department of Energy loans.

A clock and money.
Heatmap Illustration/Getty Images

Of the over $13 billion in loans and loan guarantees that the Energy Department’s Loan Programs Office has made under Biden, nearly a third of that funding has been doled out in the month since the presidential election. And of the $41 billion in conditional commitments — agreements to provide a loan once the borrower satisfies certain preconditions — that proportion rises to nearly half. That includes some of the largest funding announcements in the office’s history: more than $7.5 billion to StarPlus Energy for battery manufacturing, $4.9 billion to Grain Belt Express for a transmission project, and nearly $6.6 billion to the electric vehicle company Rivian to support its new manufacturing facility in Georgia.

The acceleration represents a clear push by the outgoing Biden administration to get money out the door before President-elect Donald Trump, who has threatened to hollow out much of the Department of Energy, takes office. Still, there’s a good chance these recent conditional commitments won’t become final before the new administration takes office, as that process involves checking a series of nontrivial boxes that include performing due diligence, addressing or mitigating various project risks, and negotiating financing terms. And if the deals aren’t finalized before Trump takes office, they’re at risk of being paused or cancelled altogether, something the DOE considers unwise, to put it lightly.

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Green