Bloomberg: Brookfield Proposes Taking Over TerraForm Power and Global
Brookfield Asset Management Inc., Canada’s largest alternative asset manager, met with members of TerraForm Global Inc.’s board this week to discuss the possibility of buying the company as part of a deal to acquire TerraForm Power Inc., according to regulatory filings.
Toronto-based Brookfield discussed two transactions with TerraForm Global’s board members, the filings show. One would include Brookfield purchasing all the outstanding Class A and Class B shares in TerraForm’s companies, which would stay publicly listed. Brookfield would replace bankrupt SunEdison Inc. as a sponsor of the companies.
E&E News: Todd Stern Warns Killing Climate Accord Would Be 'Hugely Damaging'
The top U.S. architect of the Paris Agreement said yesterday that he is not ready to assume that the election of Donald Trump as president will kill America's participation in the global climate deal.
Former U.S. Special Envoy for Climate Change Todd Stern in an exclusive interview with E&E News said he was deeply disappointed by Tuesday night's results. Trump has said he will abandon the deal that Stern spent 7 ½ years helping to broker.
“The last thing I am right now is Pollyannaish,” he said. “And the last, last thing I am on Earth would be any kind of an apologist for Donald Trump.”
Washington Post: Trump’s Coal Stance May Ease Pressure on Japan Over Climate
Donald Trump’s surprise election victory and his earlier pledge to increase coal production stand to relieve pressure on Japan as it seeks alternatives to nuclear energy in the wake of the Fukushima disaster more than five years ago.
“Trump’s commitment to coal and oil and gas communities across the U.S. was an important ingredient in his electoral success on Tuesday and I think this may enable Japan and other large developing countries to procrastinate in their emissions-reduction commitments,” Tom O’Sullivan, founder of Tokyo-based energy consultant Mathyos, said by e-mail.
Trump has called climate change a hoax perpetrated by China, vowed to withdraw from the Paris agreement on global warming and pledged to increase production of coal, the dirtiest fossil fuel.
Utility Dive: Why 'a Lot Has Become the New Normal' in State Solar Policy Debates
There were over 100 separate solar policy actions debated by state regulators and legislators across the U.S. in the third quarter of 2016, according to a new report from the North Carolina Clean Energy Technology Center (CETC).
That’s up significantly from just last year, according to Autumn Proudlove, senior policy analyst at the CETC and author of the “50 States of Solar” report.
“When we first started tracking solar policy actions in Q1 2015, we had 70 policy actions, but in Q3 2016 there were 117 policy actions,” she said. “That is a lot of policy debates but a lot has become the new normal.”
Jalopnik: General Motors Lays Off 2,000 Workers In Ohio And Michigan As Small Car Sales Slump
General Motors confirmed that amid declining sales for small cars as buyers switch to trucks and SUVs that it will lay off 2,000 workers at plants at Lansing, Michigan and Lordstown, Ohio where it builds the Chevrolet Camaro and Cruze, respectively.
GM is also investing $900 million in three plants including the Lansing one, but those won’t add any new jobs, a spokesman told the newswire. Even if the auto industry is doing well and posting record profits, clearly a lot of workers aren’t feeling it.