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Bullboard - Stock Discussion Forum Bee Vectoring Technologies International Inc BEVVF


Primary Symbol: C.BEE

Bee Vectoring Technologies International Inc. is a Canada-based agriculture technology company. The Company is focused on the control of pests and enhancement of crops and ornamentals through the use of biological controls in a variety of application processes. It operates a natural precision agriculture system that replaces chemical pesticides and wasteful plant protection product spray... see more

CSE:BEE - Post Discussion

Bee Vectoring Technologies International Inc > California passes massive climate and clean energy package.
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Post by kulewater on Sep 01, 2022 2:46pm

California passes massive climate and clean energy package.

California passes massive climate and clean energy package, halts closure of state's last nuclear plant

By Ella Nilsen, CNN

Updated 2:35 PM ET, Thu September 1, 2022

California state lawmakers worked late into Wednesday night to pass an aggressive climate legislation package, including $54 billion in new spending on clean energy and drought resilience measures, and a bill to stop the planned closure of the state's last nuclear plant.

The legislative action comes as California and other Western states are in the grip of an intense heatwave amid a devastating, 22-year drought. And it follows state air regulators' vote to phase out new gas-powered car sales in the state by 2035.
 
Among other things, the legislation will codify new benchmarks to get California to 90% clean electricity by 2035 and 95% by 2040 -- stepping stones toward its already established goal of 100% clean electricity by 2045.
 
The package's passage is a major victory for Newsom, who advocated strongly for new climate measures at the start of the state's legislative session.
Newsom's office did not immediately respond to a request for comment.
"Our state is facing the most extreme temperatures we've experienced this year, putting our communities, especially our most vulnerable neighbors, at risk," Senate President pro Tempore Toni G. Atkins said in a statement. "We're also continuing to deal with an historic drought and the ongoing threat of wildfires. Atkins called the legislation "tremendous, decisive action" that will help protect California from the climate crisis.
The $54 billion, intended to be spent over five years, contains around $6 billion for electric vehicles and more than $8 billion to decarbonize the state's electrical grid -- which is still heavily reliant on natural gas. It also includes close to $15 billion to improve public transit, and over $5 billion for climate and drought resilience programs.
 
The legislature also postponed closing California's Diablo Canyon nuclear power plant, voting to keep the plant open until at least 2030. Proponents said the vote will help stabilize the state's electric grid with zero-emissions energy, as the plant provides about 9% of the state's electricity.
 
Environmental groups have opposed keeping the nuclear plant open, arguing it will be too costly and could have significant environmental impacts.
 
Continuing to operate the plant beyond its previously planned 2025 close date "exposes the surrounding communities and environment to serious risk while costing taxpayers and ratepayers potentially billions of dollars," Friends of the Earth president Erich Pica said in a statement.
 
Other clean energy groups, meanwhile, cheered the move.
 
Clean Air Task Force president Armond Cohen called the nuclear plant's continued operation "a win for climate action, a win for California, and a win for the broader effort to reckon with the realities of decarbonization and grid resilience."
 
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