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By David Giambusso and Scott Waldman
Good morning! Only POLITICO New York Pro subscribers receive an enhanced version of this email at 5:30 a.m. each weekday. If you'd like to receive it, along with a customized real-time news feed of New York energy policy news throughout the day, please contact us at firstname.lastname@example.org and we'll set you up for trial access. Thank you for reading.
BILL WOULD RESTRICT CRUDE OIL PIPELINE—POLITICO New York’s Scott Waldman: New York state lawmakers have introduced a new bill that would block a crude oil pipeline proposed to run along the Thruway into New Jersey. The legislation, proposed by Democratic Assemblyman Frank Skartados of Newburgh, would block the proposed Pilgrim Pipeline, which would run 178 miles from Albany to Linden, New Jersey. The bill, which is with the Assembly’s corporations committee, would not let the New York State Thruway Authority or Department of Environmental Conservation approve applications for pipelines if they are designed to carry hazardous substances and on Thruway Authority property. http://politi.co/1QgyBQT
SCHNEIDERMAN OFFICE, OTHER AGs MET WITH CLIMATE LAWYERS OVER EXXON CASE — Reuters' Terry Wade: "A coalition of U.S. state attorneys general received guidance from well-known climate scientists and environmental lawyers in March as some of them opened investigations into Exxon Mobil for allegedly misleading the public about climate change risks, documents seen by Reuters showed." http://read.bi/1Vx2V22
AROUND NEW YORK:
--Hoosick Falls is the public health threat lawmakers scared of Cuomo are afraid to probe, the New York Post editorial board opines. http://nyp.st/22AT7Tm
--GreenTech Media writes about community choice aggregation in Westchester County http://bit.ly/1VsOEn5
GOOD MONDAY MORNING: Let us know anytime if you have tips, story ideas or life advice. We're always here at email@example.com and firstname.lastname@example.org. And if you like this letter, please tell a friend and/or loved one. Here’s a handy sign-up link: politi.co/1UqoEoB
** A message from the Independent Power Producers of New York: Join IPPNY for our 30th Annual Spring Conference on May 10 & 11 at the Desmond Hotel & Conference Center in Albany! This year’s conference features FERC Chairman Norman Bay and a panel discussion on NY’s Clean Energy Standard. See our full agenda here! **
NO FREEZE FROM OPEC — The New York Times’ Stanley Reed and Andrew E. Kramer: “Officials from 18 oil-producing nations failed on Sunday to reach a deal to freeze oil production at current levels.” http://nyti.ms/1Vx2vJ9
--Oil markets are likely to take a hit, though investors last week began to doubt the OPEC meeting would yield anything significant. Still, the failure is a big blow to the oil market and big news on the energy beat. Here’s the Wall Street Journal treatment: http://on.wsj.com/1Vx2yVa
--And here’s Bloomberg on the failed talks: http://bloom.bg/1Vx2AfI
--Kuwait’s production will at least be on hiatus as oil workers went on strike there Friday, Bloomberg reports. http://bloom.bg/1Tdr4GZ
MOODY’S SOURS ON ENERGY FIRMS — The Wall Street Journal’s Sam Goldfarb: “Moody’s Investors Service is emerging as a new scourge for energy firms. The bond rater has deprived 19 energy companies of their investment-grade ratings this year, dropping many several notches into the deeper reaches of high-yield, or junk, territory.” http://on.wsj.com/1qRN3dn
AVIATION, SHIPPING PRESSED ON CLIMATE CHANGE — The New York Times’ Henry Fountain: “Even though commercial aviation and ocean shipping are significant sources of greenhouse gas emissions, they were excluded from the Paris climate treaty, to be signed by more than 100 countries this week at the United Nations in New York.” http://nyti.ms/1Vx2LHW
THE MONK SEALS ARE COMING HOME — The Associated Press: “A U.S. Coast Guard airplane rumbled down an airstrip on Hawaii’s Big Island, carrying hundreds of pounds of rare and precious cargo: seven endangered Hawaiian monk seals.” http://wapo.st/1Vx2OUf
CHINA BUILDING GRID, UNLIKE U.S.—Vox’s David Roberts: “Like the US, China aspires to build a comprehensive national grid that can carry energy from where it's generated to where it's needed.” http://bit.ly/1MBUuip
LIBYAN ECONOMY PLUMMETING ON OIL WOES—The Washington Post’s Sudarsan Raghavan: “The rapid deterioration of Libya’s oil-dependent economy is threatening the objectives of the country’s new Western-backed government and budding efforts to confront the Islamic State in North Africa, political and security analysts say.” http://wapo.st/1Vx5gKl
ECUADOR EARTHQUAKE KILLS HUNDREDS — Bloomberg: “The death toll from a 7.8-magnitude earthquake in Ecuador has risen to 238, the government said a day after the quake on the South American country’s northwest coast, one of the strongest in decades.” http://bloom.bg/1TdqJEm
ITALY WEIGHS OFFSHORE DRILLING — The New York Times: “Italians were voting Sunday in a referendum on the duration of offshore drilling concessions in territorial waters, as nine regional governments sought to wrestle some influence over energy policy from the central government in Rome.” http://nyti.ms/1TdqYit
BUYERS GAIN ADVANTAGE IN GAS MARKET —The Wall Street Journal: “As gas exporters from the U.S. to Australia ramp up their output, the gulf between buyers and sellers over prices for the energy source is widening.” http://on.wsj.com/1qRM3pC
--Oil was down sharply in Asian markets Monday morning with the news of OPEC’s impasse, the Wall Street Journal reports. http://on.wsj.com/1qRMqAD
--Oil already closed significantly lower Friday, as hopes began to vanish of any production cuts from OPEC, the Journal reports. http://on.wsj.com/1qRMC2O
--Natural gas also slid Friday with too much supply, the Journal reports. http://on.wsj.com/1qRMMHr
** A message from the Independent Power Producers of New York: This year IPPNY is Blazing a Trail: Bolstering New York’s Energy Markets in a Changing Landscape. Assisting us in this endeavor will be the Chairman of the Federal Energy Regulatory Commission, Norman Bay, President and CEO of the New York Independent System Operator, Brad Jones, and Chairs of the Senate and Assembly Energy Committees, Senator Joseph Griffo and Assemblywoman Amy Paulin. Another major highlight of this year’s conference is a panel discussion on New York’s proposed Clean Energy Standard. To discuss the Clean Energy Standard in more detail will be panelists from the Department of Public Service, Moody’s Investors Service, the Center for Climate and Energy Solutions, Analysis Group, and Couch White, LLP. Register today to make sure you are part of the discussion! **
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