{"id":47411,"date":"2024-11-14T21:02:58","date_gmt":"2024-11-14T21:02:58","guid":{"rendered":"https:\/\/saperemarketing.com\/clearpath\/uncategorized\/the-rundown-dfc-reauthorization-bill-passes-out-of-hfac\/"},"modified":"2024-11-14T21:02:58","modified_gmt":"2024-11-14T21:02:58","slug":"the-rundown-dfc-reauthorization-bill-passes-out-of-hfac","status":"publish","type":"post","link":"https:\/\/saperemarketing.com\/clearpath\/uncategorized\/the-rundown-dfc-reauthorization-bill-passes-out-of-hfac\/","title":{"rendered":"The Rundown: DFC Reauthorization bill passes out of HFAC"},"content":{"rendered":"

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ClearPath Action Rundown <\/span><\/span><\/span><\/span><\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\tJuly 12th, 2024<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/p><\/div>\n

\n\t\t\t\t\t\t\t\t\t\t\t\tHappy Friday!  <\/p>\n

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1. Powering your energy career in Washington, D.C.<\/h1>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\tClearPath\u2019s Conservative Climate Leadership Program (CCLP)<\/strong><\/a> is excited to host, \u201cPowering Your Energy Career: Connections and Conversations for Emerging Energy Professionals in Washington\u201d on July 23.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tCCLP was established to develop a pipeline of young conservatives who work on energy policy on Capitol Hill. This half-day professional development event includes great networking and:<\/p>\n

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2. HFAC prepares to reauthorize the DFC<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\"\"<\/h1>\n

\t\t\t\t\t\t\t\t\t\t\t\tThe House Foreign Affairs Committee (HFAC) passed out of Committee legislation (H.R. 8926<\/strong><\/a>) that would reauthorize the International Development Finance Corporation (DFC), a key agency for supporting energy infrastructure projects aligned with U.S. economic development and national security interests.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tThe new legislation includes:<\/p>\n

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3. Proposed plans for nuclear in Virginia
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"<\/h1>\n

\n\t\t\t\t\t\t\t\t\t\t\t\tDominion Energy announced steps<\/strong><\/a> for developing new nuclear reactors at its existing North Anna nuclear power plant in central Virginia. If built, this site would:<\/p>\n

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4. Catch ClearPath Action at the RNC
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"<\/h1>\n

\n\t\t\t\t\t\t\t\t\t\t\t\tClearPath Action is heading to the Republican National Convention (RNC) in Milwaukee next week to continue sharing ways conservatives are leading<\/strong><\/a> on clean energy.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tWe are teaming up with the American Conservation Coalition (ACC), Conservative Climate Foundation (CCF) and Citizens for Responsible Energy Solutions (CRES) to host a reception.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tJoin us at the Conservative Climate Reception at the Mitchell Park Domes, featuring Representatives John Curtis (R-UT) and Mariannette Miller-Meeks (R-IA).<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tRSVP<\/strong> here<\/strong><\/a>.
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5. Bipartisan victory for nuclear
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"<\/h1>\n

\n\t\t\t\t\t\t\t\t\t\t\t\tThe Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy<\/strong><\/a> (ADVANCE) Act is officially law.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tQuotes from Congress:<\/p>\n

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6. Big Tech & Energy Cos partnering on carbon reduction
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"<\/h1>\n

\n\t\t\t\t\t\t\t\t\t\t\t\tMicrosoft announced it will buy 500,000 metric tons of CO2 removal credits over six years from Occidental Petroleum\u2019s direct air capture (DAC) subsidiary to offset its emissions.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tWhat to know:<\/p>\n

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7. Moves on enhancing carbon capture support
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"<\/h1>\n

\n\t\t\t\t\t\t\t\t\t\t\t\tCalpine\u2019s Baytown Carbon Capture and Storage Project, which will capture carbon from a natural gas plant, was awarded<\/strong><\/a> $12.5 million from the Department of Energy\u2019s Office of Clean Energy Demonstrations (OCED) to begin the project.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\tThis is the first project to be awarded funds through OCED\u2019s Carbon Capture Demonstration Program, which received $2.5 billion in funding from the IIJA. Others under negotiation include:<\/p>\n

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8. Diving deeper into NEPA litigation with Breakthrough
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\nThe Breakthrough Institute published a study<\/strong><\/a>, \u201cUnderstanding NEPA Litigation,\u201d with findings that indicate \u201cNEPA litigation overwhelmingly functions as a form of delay, as most cases take years before courts ultimately rule in favor of the defending federal agency.\u201d<\/p>\n

Key takeaways from this report:<\/p>\n

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9. \u201cClean energy\u201d is a political advantage
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"<\/h1>\n

\n\t\t\t\t\t\t\t\t\t\t\t\tClearPath Action\u2019s annual clean energy issues poll tracking shows that voters want Congress to support clean energy innovation. The proof is in the primaries, where we have seen multiple Republican candidates who have championed clean energy innovation win their competitive primaries including:<\/p>\n

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10. ICYMI<\/h1>\n