“President-elect Donald Trump said on Tuesday that ‘no new windmills’ would be built in the United States when he takes office, a direct rebuke of the Biden administration, which has approved 11 commercial-scale offshore wind projects,” the New York Times reports.
Biden’s Offshore Drilling Ban Derails Trump’s Plan
Axios: “Unlike executive orders that Trump could overturn with the stroke of a pen, Biden’s actions rely on an open-ended provision in the 1953 Outer Continental Shelf Lands Act.”
“This law governs energy leasing activities for submerged lands under U.S. control that are beyond three miles from shore.”
“A provision in the act allows the president to permanently take parts of the Outer Continental Shelf off the table for leasing activities, without providing a means for another president to undo the action.”
Biden to Block Oil Drilling Across U.S. Waters
“President Joe Biden will move Monday to block all future oil and gas drilling across more than 625 million acres of federal waters — equivalent to nearly a quarter of the total land area of the United States,” the Washington Post reports.
Ukraine Forces a Halt to Flow of Natural Gas
“The flow of natural gas through a major pipeline from Russia to Europe was cut off early Wednesday after Ukraine refused to renew an agreement that allowed for the transit of Russian gas through its territory,” the New York Times reports.
“The move to suspend the flow of gas through a pipeline that had carried Soviet and then Russian gas to Europe for decades is part of a broader campaign by Ukraine and its Western allies to undermine Moscow’s ability to fund its war effort and to limit the Kremlin’s ability to use energy as leverage in Europe.”
Puerto Rico Without Power
“A blackout hit nearly all of Puerto Rico early Tuesday as the U.S. territory prepared to celebrate New Year’s, leaving more than 1.3 million clients in the dark. Officials said it could take up to two days to restore power,” the AP reports.
Gas Prices Forecast to Drop Again in 2025
Gas prices are expected to drop in 2025 for the third straight year, CNN reports.
Trump to Roll Back Biden’s Electric Vehicle Policies
“Incoming President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China,” Reuters reports.
Gas Prices Hit 4-Year Low
“Gas prices haven’t been this low since spring 2021,” Axios reports.
“Displayed prominently on big signs everywhere you drive, prices at the pump are a key economic indicator for the general public.”
Elon Musk Wants to Eliminate EV Tax Credits
Elon Musk, the billionaire electric vehicle mogul whom President-elect Donald Trump has tapped to help lead a government efficiency task force, told Politico that he wants to eliminate tax breaks for EV buyers, Politico reports.
Republicans Want to Keep Parts of Biden’s Climate Law
“Donald Trump’s campaign-trail vow to end President Biden’s signature climate law is running into a cold reality: Too many Republican lawmakers want to keep it,” the Wall Street Journal reports.
“The Inflation Reduction Act has channeled billions of dollars to renewable-energy projects across the country, with Republican-led states getting the lion’s share of the funding. Even though not a single Republican in the House or Senate backed the Democratic package, today there likely isn’t enough support in Congress to pass a repeal, according to Capitol Hill watchers and former Trump administration officials who worked on energy policy.”
Americans Are Terrified of Nuclear Waste
CNN: “The perception of danger is a hurdle quickly becoming one of the country’s biggest obstacles to uploading a glut of climate-friendly energy onto the grid.”
“Federal officials are pleading with communities to say yes to storing spent fuel. No state has yet raised its hand to store the country’s nuclear energy waste, despite the lucrative deals it could foment.”
Trump Prepares Wide-Ranging Energy Plan
“Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas projects and increase oil drilling off the U.S. coast and on federal lands,“ Reuters reports.
“The energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump’s early agenda.”
New York Times: How Trump could upend electric car sales.
Biden’s EV Chargers Likely Insulated from Trump
Politico: “The president-elect has vowed to redirect all unspent funds from President Joe Biden’s climate programs to ‘important projects like roads, bridges and dams.’”
“But the charging money is expected to be largely insulated from Trump’s reach despite the initiative’s lagging rollout, according to experts who closely track the funding. Even though few chargers have come online so far, most of the funds will be formally committed to projects or available for states to spend by the time Trump takes office in January, which experts say will make them harder to claw back.”
Trump Picks Fossil Fuel Executive as Energy Secretary
“President-elect Donald Trump has selected Chris Wright, a campaign donor and fossil fuel executive, to serve as energy secretary in a second Trump administration,” the AP reports.
Trump Planning to Kill Electric Vehicle Tax Credit
“President-elect Donald Trump’s transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation,” Reuters reports.
“Ending the tax credit could have grave implications for an already stalling U.S. EV transition. And yet representatives of Tesla – by far the nation’s largest EV seller – have told a Trump-transition committee they support ending the subsidy.”
Fossil Fuel Lobbyists Head Trump’s Environmental Team
“As President-elect Donald Trump’s transition team plans his energy and environment agenda, it is relying on two seasoned former cabinet leaders and fossil fuel lobbyists to dramatically reshape the agencies charged with protecting the nation’s air, water, climate and public lands,” the New York Times reports.
Gas Prices Tumble Ahead of Election
“Days before a neck-and-neck presidential race, pump prices — one of the most salient data points consumers use to gauge inflation — are tumbling in key swing states,” Bloomberg reports.
“In Michigan, Wisconsin, Nevada and Arizona, retail fuel prices have fallen at least 20% since the 2022 midterm election.”
Gas Prices Slide as U.S. Election Nears
“Gasoline is approaching or has fallen below $3 a gallon in most states, returning to a national average not seen since February in one of the clearest examples of prices declining after a period of rapid inflation,” the New York Times reports.
“Prices at the pump averaged $3.16 for regular gas on Tuesday, down 11 percent from this time last year.”
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