Trump pledges to rescind unspent IRA funds

POLITICS: Former President Trump promises to rescind any unspent Inflation Reduction Act funds if he wins the election — a move Treasury Secretary Janet Yellen says would be a ​“historic mistake” that would harm the cities, states, manufacturers, and households benefiting from the law. (Politico, The Hill)

ALSO:

• A House Republican introduces a draft permitting reform bill as a similar measure makes its way through the Senate. (E&E News)
• A billionaire pipeline mogul gives $5 million to Donald Trump’s presidential campaign in hopes of accelerating his company’s liquified natural gas export facility in Louisiana and fending off challenges to existing projects such as the Dakota Access oil pipeline. (E&E News)
• A proposed $2.4 billion battery plant in western Michigan has grown from a local issue to the national political stage as Republicans attack the project for its ties to China. (NBC News)

WIND:

• Federal officials approve a 2 GW offshore wind project off the Maryland and Delaware coastline, although local officials have threatened to sue if the project got this far. (Capital News Service, Maryland Matters)
• The Biden administration plans to advance a proposed marine sanctuary off the California coast that would carve out space for offshore wind transmission. (E&E News)

GRID: A PJM Interconnection executive says the grid operator could propose an accelerated interconnection approval process for shovel-ready generation projects. (Utility Dive)

EQUITY: Several trade groups form a new coalition aimed at steering Pennsylvania union workers through an equitable transition to a decarbonized economy. (Grist)

SOLAR:

• An investment firm and a clean energy developer partner to help small organizations finance and build solar and storage projects. (Utility Dive)
• A Canadian solar manufacturer’s plan to build a U.S. solar cell factory in Minnesota shows the Inflation Reduction Act is working as intended, clean energy and economic development officials say. (Energy News Network)

BUILDINGS: The U.S. Energy Department awards Colorado $20 million to help implement its building performance standards aimed at cutting large structures’ carbon emissions, with the funds targeting disadvantaged communities. (Canary Media)

COMMENTARY:

• Climate advocate Bill McKibben outlines how renewable energy deployment will falter if Donald Trump wins the presidency. (The Guardian)
• A researcher discusses how oil and gas-dependent communities face unique threats in the clean energy transition, and says federal policy isn’t fully accounting for their well-being. (The Conversation)