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Storm system to exit US, leaving behind at least 39 dead and vast destruction from tornadoes, wildfires and dust storms; ME farmers, others hurt by USDA freeze on funding grants; SNAP, Medicaid cuts would strain PA emergency food system; Trash 2 Trends: Turning garbage into glamour to fight climate change.

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Secretary of State Rubio pledges more arrests like that of student activist Mahmoud Khalil. Former EPA directors sound the alarm on Lee Zeldin's deregulation plans, and lack of opportunity is pushing rural Gen Zers out of their communities.

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Farmers worry promised federal reimbursements aren't coming while fears mount that the Trump administration's efforts to raise cash means the sale of public lands, and rural America's shortage of doctors has many physicians skipping retirement.

Youngkin vetoes bill to establish ‘green bank’

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Thursday, May 23, 2024   

Gov. Glenn Youngkin has vetoed a bill establishing a green bank in Virginia.

Senate Bill 729 was set to create the Virginia Clean Energy Innovation Bank, to help finance clean energy projects across the state. The bill passed both General Assembly chambers with some bipartisan support.

Lee Francis, deputy director of the Virginia League of Conservation Voters, said not signing the bill is a missed opportunity for clean-energy investment.

"The biggest impact is those dollars go to other states," Francis pointed out. "Virginia has not taken full advantage of the federal dollars that are out there for clean energy. We did have a good solar announcement recently for 'Solar for All.' That's really been the first solidified program that we've funded here in the state."

Youngkin said he vetoed the bill because an amendment he drafted resolving conflicts between the Department of Energy and the green bank was not included in the final bill.

Francis noted the amendment also called for the General Assembly to vote on the plan again in 2025, which is why it was rejected. The Virginia League of Conservation Voters will host a webinar at 7 p.m. about the bill.

Although the bill did not pass, it could return next session. Francis feels the General Assembly can build off this bill by setting seed money aside for the green bank. He added the green bank bill would help Virginia develop a clean energy future.

"We are a state that has laws on the books to reach 100% clean energy and the more tools and mechanisms we can bring to Virginia to help meet those goals, I think, the better," Francis asserted. "This is a way that we can meet existing policies with new tools and do it in a way that's also going to be creating jobs and bringing investment to communities."

Across the country, 16 states and the District of Columbia have a total of 21 green banks, with Connecticut's being the first established in 2011.


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