Category Archives: Press Releases

DOL Will Not Enforce Anti-ESG, Trump-Era Rules

March 11, 2021

DOL Will Not Enforce Anti-ESG, Trump-Era Rules

WASHINGTON, D.C. — The U.S. Department of Labor (DOL) announced Wednesday that it will not be enforcing two rules finalized under the Trump administration in 2020 intended to slow the growth of Environmental, Social and Governance (ESG) investing. Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“We welcome this timely decision by President Biden’s Labor Department. These Trump-era rules were intentionally designed to override the free market and hamstring ESG investing, one of the nation’s most important and fastest-growing finance trends. ESG investments consistently outperform the market and are often recognized as the best choice for realizing maximum long-term returns. We are hopeful that Labor officials will soon reverse these misguided policies entirely and instead adopt rules that support and enhance sustainable investments nationwide.”

 

Background

ACORE forcefully pushed back on these two rules in 2020. To read our submitted comments on the Financial Factors in Selecting Plan Investments rule, click here. To read our submitted comments on the Fiduciary Duties Regarding Proxy Voting and Shareholder Rights rule, click here.

 

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

 

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

The post DOL Will Not Enforce Anti-ESG, Trump-Era Rules appeared first on ACORE.

ACORE Congratulates New EPA Administrator Michael Regan

March 10, 2021

ACORE Congratulates New EPA Administrator Michael Regan

Statement From Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“Having a true environmental champion like Michael Regan leading the Environmental Protection Agency (EPA) is a big step in the right direction. We look forward to working with him to promote the clean energy transition at the heart of President Biden’s climate agenda. This is a critical moment in time and the EPA has a vital role to play in mitigating climate change and driving the deployment of pollution-free, renewable power.”

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

 

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

The post ACORE Congratulates New EPA Administrator Michael Regan appeared first on ACORE.

ACORE Welcomes First Cohort of Accelerate Members

March 10, 2021

ACORE Welcomes First Cohort of Accelerate Members

WASHINGTON, D.C. — The American Council on Renewable Energy (ACORE) announced today that 15 companies have been selected to participate in its Accelerate membership program.

The first cohort of Accelerate members includes 548 Capital, Clearloop, Full Service Solar LLC, IberSun North America, Lyssy Energy Enterprises, Navajo Power, Panamint Capital, Reneu Energy, Solar Stewards, Sole Trader Renewable Energy, SUNTEX, Terran Material Resources, The Booker Group, Upepo Group, and WeSolar.

ACORE launched the Accelerate membership program in December to help improve diversity, equity and inclusion within the renewable energy sector and reduce barriers for participants from underrepresented communities. Through Accelerate, smaller renewable energy companies owned and operated by women and people of color receive a complimentary two-year ACORE membership, along with access to special networking programs and events, eligibility for pro bono services, and thought leadership opportunities.

“We’re thrilled to have this impressive group of companies join our organization,” said ACORE President and CEO Gregory Wetstone. “Our hope is that the Accelerate program will help ensure that business leaders in the renewable energy economy better reflect the diversity of our society. Equitable representation is important to us here at ACORE and is central to increasing the availability of affordable, pollution-free renewable energy to American communities.”

To learn more about the ACORE Accelerate program, go to https://acore.org/accelerate-member/.

 

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

 

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

The post ACORE Welcomes First Cohort of Accelerate Members appeared first on ACORE.

ACORE Statement on CLEAN Future Act

March 2, 2021

ACORE Statement on CLEAN Future Act

Statement From Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“The CLEAN Future Act reflects the kind of comprehensive legislative approach we will need to start tackling the climate crisis. The inclusion of a federal high-penetration clean energy standard represents one of the most direct and reliable ways to ensure critical emissions reductions in the power sector. We’re also pleased to see a first-ever national policy on electric transmission so integral to the ongoing energy transition, along with a number of commonsense steps toward a 21st century Macro Grid that will deliver job growth and economic development, a cleaner environment and lower costs for consumers. We applaud the legislation’s support for domestic clean energy manufacturing, inclusive workforce development and equitable access to renewable power, and we look forward to working with Chairmen Pallone, Tonko and Rush on this important and timely initiative.”

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

 

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

The post ACORE Statement on CLEAN Future Act appeared first on ACORE.

ACORE Congratulates New Secretary of Energy Jennifer Granholm

February 25, 2021

ACORE Congratulates New Secretary of Energy Jennifer Granholm

Statement From Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“We extend hearty congratulations to Jennifer Granholm, our new Secretary of Energy. Secretary Granholm has a long record of championing clean power and measures to promote a low-carbon economic recovery, and her expertise will be invaluable at the Department of Energy. We look forward to working with her to accelerate the renewable energy transition that Americans want, our economy needs, and scientists are calling for to avoid the worst impacts of climate change.”

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

 

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

The post ACORE Congratulates New Secretary of Energy Jennifer Granholm appeared first on ACORE.

FERC Begins Correcting Course on Market Design, Grid Resilience

February 18, 2021

FERC Begins Correcting Course on Market Design, Grid Resilience

WASHINGTON, D.C. — In its first meeting under Chairman Richard Glick, the Federal Energy Regulatory Commission (FERC) released a series of decisions today that begin to shift the direction of FERC policy. Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“We commend Chairman Glick for cleaving off elements of the renewable-depressing Minimum Offer Price Rule (MOPR) in PJM by clarifying that state default service auctions do not fall under the policy. We encourage this new FERC majority, which includes Commissioners Neil Chatterjee and Allison Clements, to continue this progress by wiping away the rest of the MOPR through substantive capacity market reform.

“ACORE and its members look forward to the newly announced March technical conference on potential capacity market reforms in PJM, the first in a series which will also build a record on NYISO and ISO-NE. Commonsense resource adequacy policy that avoids undermining state policies designed to accelerate the transition to pollution-free, renewable power will lead to increased project investment, lower consumer costs and reduced greenhouse gas emissions. ACORE will continue its court challenge of the underlying MOPR until the full threat of this misguided policy, which improperly infringes on state policy decisions, is eliminated.

“We are also pleased to see the Commission close its long-lingering proceeding on so-called ‘grid resilience,’ the euphemistic remains of a Trump-era effort to bail out uneconomic fossil fuel generators, and instead focus on targeted efforts to enhance grid reliability. Recent events have shown this effort is sorely needed. The renewable energy industry looks forward to engaging the Commission in these more appropriately tailored proceedings, so we can continue to provide Americans with the reliable, clean power they want and deserve.”

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

The post FERC Begins Correcting Course on Market Design, Grid Resilience appeared first on ACORE.

ACORE Statement on Heartland Power Outages

February 16, 2021

ACORE Statement on Heartland Power Outages

Statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE):

“As electricity generators work feverishly to restore power to millions of Americans, the serious problems on the grid today in Texas and much of the nation’s heartland reinforce the importance of critical investment in our nation’s grid infrastructure. The challenges are not due to the energy transition; they are due to an outdated grid that’s incapable of handling an increasing number of climate-driven extreme weather events. Data from the Electric Reliability Council of Texas (ERCOT), which manages the electricity grid in Texas, shows that fossil fuels make up the bulk of the power currently forced offline.

“During the height of power outages this holiday weekend, over 5 million Midwestern homes saw their lights stay on due to seven gigawatts (GW) of electricity shared from a regional grid in the East, PJM, to one in the Midwest, MISO. This was made possible by some of the very limited interregional transmission in the U.S. Building out more high-capacity interregional lines is an essential part of the effort to ensure grid reliability in an era of climate change. An analysis released just yesterday by the Bill Gates group Breakthrough Energy reinforces this fact, deeming high-voltage transmission infrastructure ‘critical’ to ensuring that grid operators can provide reliable service while reducing overall carbon emissions.

“It’s time for Congress to pass an ambitious infrastructure initiative aimed at expanding and upgrading America’s grid. With an advanced grid that better connects balkanized regional systems, we can prevent dangerous, widespread power outages from becoming the new normal, better harness our nation’s abundant renewable resources, and meet our climate objectives.”

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)

The post ACORE Statement on Heartland Power Outages appeared first on ACORE.

45 Organizations Call for Long-Term Clean Energy and Clean Transportation Tax Platform To Help Effectively Address the Climate Crisis

February 5, 2021

45 Organizations Call for Long-Term Clean Energy and Clean Transportation Tax Platform To Help Effectively Address the Climate Crisis

WASHINGTON, D.C. — In a letter delivered today to President Biden, key members of the Biden administration, and Congressional leadership, a multi-sector coalition of 45 organizations is asking for the inclusion of a stable, predictable, and long-term tax platform for clean energy and clean transportation incentives in the earliest possible legislative vehicle this year.

“Clean energy and clean transportation can play a critical role advancing our economic recovery, putting people back to work, and laying the foundation for a cleaner, healthier and more prosperous future,” the organizations write. “While the clean energy provisions in last year’s spending package provided emergency relief and a down payment on the comprehensive federal policy response we know is required, it is imperative that we now move beyond endless cycles of short-term stopgap measures and towards a long-term clean energy and clean transportation tax platform capable of effectively addressing the climate crisis.”

The coalition requests a tax platform that:

  • Provides full-value, long-term incentives for solar, wind and other qualifying technologies
  • Extends the new offshore wind investment tax credit (ITC) with production tax credit (PTC) optionality
  • Makes energy storage and high-voltage transmission eligible for an investment tax credit on a standalone basis
  • Modernizes the tax incentives for commercial and residential energy efficiency improvements
  • Extends and modifies the tax credit for alternative fuel infrastructure
  • Revives the tax credit for domestic clean energy manufacturing
  • Ensures broad consumer accessibility for the EV tax credit by shifting out of the current per-manufacturer cap structure and makes it available for a longer period of time

The letter was signed by Advanced Energy Economy, Alliance to Save Energy, American Clean Power Association, American Council on Renewable Energy, Building Performance Association, Business Network for Offshore Wind, CALSTART, Citizens Climate Lobby, Climate Reality Project, Columban Center for Advocacy and Outreach, E2 (Environmental Entrepreneurs), E4theFuture, Earthjustice, Environment America, Environmental Defense Fund, EV Drive Coalition, Evangelical Environmental Network, Friends Committee on National Legislation, Health Care Without Harm, Interfaith Power and Light, Interwest Energy Alliance, League of Conservation Voters, Maryknoll Sisters Eastern Region USA, MCC U.S. Washington Office, NAESCO (National Association of Energy Service Companies), National Association of State Energy Officials, National Audubon Society, National Hispanic Medical Association, National Hydropower Association, National Wildlife Federation, Natural Resources Defense Council, Plug In America, Protect Our Winters, Sierra Club, Solar Energy Industries Association, Voices for Progress, Vote Solar, U.S. Energy Storage Association, U.S. Green Building Council, U.S. Public Interest Research Group, Union of Concerned Scientists, Union for Reform Judaism, Unitarian Universalists for Social Justice, World Wildlife Fund, Zero Emission Transportation Association.

Click here to download a copy of the coalition letter.

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About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

 

Media Contacts:

Alex Hobson, ACORE
hobson@acore.org | (202) 594-0706

Mark Drajem, NRDC

mdrajem@nrdc.org | (202) 297-5444

Morgan Lyons, SEIA

mlyons@seia.org | (860) 575-5729

The post 45 Organizations Call for Long-Term Clean Energy and Clean Transportation Tax Platform To Help Effectively Address the Climate Crisis appeared first on ACORE.