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POLITICO New York Energy: Markets vs. emissions; NYU chooses not to divest

06/17/2016 10:00 AM EDT

By David Giambusso and Scott Waldman

Good morning! You are receiving the complimentary synopsis of the POLITICO New York Pro Energy newsletter. Pro subscribers are receiving an enhanced version of this newsletter at 5:45 a.m. each weekday, which includes a look-ahead and robust analysis of energy policy news driving the day. If you would like the Pro version of this newsletter, along with customized real-time insights on New York energy, please contact us here and we will set you up with trial access. Thank you for reading!

STATE SENATE UNANIMOUSLY APPROVES HOOSICK FALLS BILL-POLITICO New York's Scott Waldman: The State Senate unanimously approved a bill late Thursday that would make it easier for residents of Hoosick Falls to file lawsuits against polluters responsible for the water crisis in the upstate village. The bill, which passed, 62-0, is sponsored by Republican Sen. Kathy Marchione, who represents Hoosick Falls. The measure would allow those harmed by contaminants at a Superfund site to bring personal injury claims against the polluter for up to three years after the site was given a Superfund designation. http://politi.co/21pItPC

MARKETS VS. EMISSIONS - POLITICO New York's David Giambusso: In a panel discussion as part of New York Energy Week, New York Independent System Operator CEO Brad Jones joined several of his contemporaries to address the inherent conflict of a free, wholesale energy market with the ever-increasing desire to produce power with little to no greenhouse gas emissions.http://politico.pro/1ZURNdG

NYU SAYS NO TO DIVESTMENT - POLITICO's Conor Skelding: Saying they oppose using the school's endowment "as a tool for simply making statements," New York University's trustees decided Thursday not to divest the endowment from fossil fuel companies. http://politico.pro/28IIEeu

WALL STREET JOURNAL EDITORIAL BOARD NO FAN OF SCHNEIDERMAN'S EXXON SUIT: "There are few more rewarding sights than a bully scorned, so let's hear it for the recent laments of Attorneys General Claude Walker (Virgin Islands) and Eric Schneiderman (New York), two ringleaders of the harassment campaign against Exxon and free-market think tanks over climate change." http://on.wsj.com/24UK6pp

AROUND NEW YORK:

--To boost energy options for commercial and residential sectors, the Oneonta Town Board recently adopted resolutions supporting access to renewable resources and financial programs. http://bit.ly/1rsi6fq

--Quartz looks at the virtual power plant Con Edison is creating in Brooklyn and Queens with rooftop solar. http://bit.ly/1W1xpIO

GOOD FRIDAY MORNING: Let us know anytime if you have tips, story ideas or life advice. We're always here at dgiambusso@politico.com and swaldman@politico.com. And if you like this letter, please tell a friend and/or loved one. Here's a handy sign-up link: http://politi.co/1TZmBpl

ENVIRONMENTAL GROUPS SHIFT TOWARD NUCLEAR - The Wall Street Journal's Amy Harder: "Some of the nation's most influential environmental groups are softening their longstanding opposition to nuclear power, marking a significant shift in the antinuclear movement as environmentalists' priority shifts to climate change." http://on.wsj.com/1UBcvet

COAL COMEBACK - Bloomberg's Tim Loh: "Coal bulls face daunting challenges. Miners unearthed less of the fuel in the first quarter than any time since 1981, according to the U.S. Energy Information Administration." http://bloom.bg/1ZUQtro

VW SHIFTING TO ELECTRIC CARS (OR SO THEY CLAIM) - The Los Angeles Times' Russ Mitchell and Alex Schiffer: "Here's one way to atone for the biggest emissions cheating scandal in automobile history: Go all out on zero-emission vehicles." http://lat.ms/1ZUQkEu

IMMUNIZING CROPS - The New York Times' Carl Zimmer: "The world's crops face a vast army of enemies, from fungi to bacteria to parasitic animals." http://nyti.ms/1ZUQr2Q

NASA'S ELECTRIC PLANES - The Wall Street Journal's Robert Wall: "The National Aeronautics and Space Administration is poised to designate an all-electric plane concept as its newest, futuristic aircraft in the biggest boost yet for the idea of building airliners that don't burn fuel." http://on.wsj.com/1ZURIqB

NATION'S SMALLEST NUCLEAR PLANT TO CLOSE - The Associated Press' Margery A. Beck: "The Omaha [Nebraska] Public Power District voted Thursday to shutter the Fort Calhoun Nuclear Station, which is the nation's smallest nuclear power plant." http://wapo.st/1ZUSALG

EXXON SUES MASSACHUSETTS AG - InsideClimate News' David Hasemyer: "ExxonMobil has sued to derail a second attorney general's investigation of the oil giant's climate record." http://bit.ly/1ZUTjwo

KERRY TOURS ARCTIC FOR CLIMATE CHANGE - The Associated Press: "U.S. Secretary of State John Kerry on Thursday visited Norway's extreme north, viewing areas where climate change has melted ice and opened new sea lanes." http://nyti.ms/1ZUTyYq

EPA ROLLS OUT CLEAN POWER INCENTIVE PROGRAM - POLITICO's Alex Guillén: "EPA [on Thursday] released its proposed Clean Energy Incentive Program, part of the implementation scheme for the Clean Power Plan." [federal PRO] http://politico.pro/28IH38j

SOLUTIONS TO THE NET METERING BATTLE - Utility Dive's Herman Trabish: "Debates over net metering policies nationwide are notoriously heated, with utilities and solar sector often sharply divided over how to compensate rooftop solar users for their excess energy." http://bit.ly/1ZUShkd

UTILITY HEAD BLAMED FOR POOR FUKUSHIMA DISCLOSURE - The Associated Press: "An outside investigation team appointed by the operator of Japan's damaged Fukushima nuclear plant said Thursday that an instruction from the company's then-president to avoid using the term 'meltdown' delayed the full disclosure of the status of three reactors." http://nyti.ms/28IGFGP

ANTARCTICA REGISTERS RECORD CARBON RATES - InsideClimate News' Bob Berwyn: "The concentration of heat-trapping CO2 pollution in the atmosphere has passed the 400 parts per million (ppm) threshold in Antarctica for the first time in at least 800,000 years, and possibly as long as four million years, scientists reported this week." http://bit.ly/1ZUSrYR

FUTURES:

--Oil hit a one-month low Thursday in its sixth straight losing session, The Wall Street Journal reports. http://on.wsj.com/28IH2kH

--Natural gas fell as stockpiles showed there's way too much supply for this time of year, the Journal reports. http://on.wsj.com/28IJGXN

To view online:
http://www.politico.com/states/new-york/tipsheets/politico-new-york-energy/2016/06/markets-vs-emissions-nyu-chooses-not-to-divest-004344

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