NewEnergyNews: QUICK NEWS, February 12: The Green New Deal Debate Heats Up; Two New Energy Bets To Consider


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    Tuesday, February 12, 2019

    QUICK NEWS, February 12: The Green New Deal Debate Heats Up; Two New Energy Bets To Consider

    The Green New Deal Debate Heats Up Ocasio-Cortez Team Flubs a Green New Deal Summary, and Republicans Pounce

    Coral Davenport, February 11. 2019 (NY Times)

    “Days after introducing her Green New Deal — a plan to combat climate change that has won the endorsement of several Democratic presidential candidates — Representative Alexandria Ocasio-Cortez found the proposal enmeshed in confusion when her staff published a summary that included provisions not endorsed by the candidates…[Her staff backed away from it but] Republicans pounced on the plan…The plan, written by Ms. Ocasio-Cortez, a freshman Democrat from New York, and Senator Edward J. Markey of Massachusetts, was modeled on Franklin D. Roosevelt’s New Deal and embraced by several presidential candidates, including Senators Kamala Harris, Democrat of California; Kirsten Gillibrand, Democrat of New York; and Cory Booker, Democrat of New Jersey…

    …[The non-binding goal-setting resolution, also endorsed by Senator Bernie Sanders, calls for elimination of new greenhouse gas emissions by 2030] was also signed by more than 60 House and Senate Democrats…Ms. Ocasio-Cortez has promoted the plan as a blueprint for the eventual Democratic presidential nominee…[But Republicans have turned the mistake] into a campaign moment, saying it reveals extreme] priorities…” click here for more

    Two New Energy Bets To Consider 2 Renewable Energy Stocks to Buy in February; Two well-managed renewable energy businesses are not getting much love from Wall Street right now, but the high-yield stocks are great long-term buys.

    Maxx Chatsko, February 11, 2019 (Motley Fool)

    “…[The U.S. got at least 15% of its electricity from New Energy in 2018 and many expect the trend to] become undeniable in the next decade…[Wind will overtake hydropower as the top New Energy in 2019 and some forecasts put solar soon in the U.S. lead because] battery prices are falling at such a precipitous rate…[By 2030, wind and solar are projected to be] as much as 30% of its electricity…[G]rowth-minded investors may want to begin searching for profitable businesses…NextEra Energy Partners (NYSE:NEP) and Brookfield Renewable Partners (NYSE:BEP) are good places to start…

    NextEra Energy Partners is the renewable energy yieldco of NextEra Energy, the world's largest publicly traded utility ranked by market cap…[It] has strategic access to the country's largest renewable energy project backlog, which will hit 40,000 megawatts by 2020…Units of Brookfield Renewable Partners had a rough 2018, but the business turned in another solid year of operations…The renewable energy yieldco generates most of its funds from operations (FFO) from hydropower assets in North America and Brazil…[and it acquired] new wind, solar, and energy storage assets across its portfolio…[Long-term investors] looking to inject growth, income, and a little renewable energy into their portfolios should find NextEra Energy Partners and Brookfield Renewable Partners attractive investments…” click here for more


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