“Chevron, as the only major U.S. company in Venezuela, finds itself in prime position to deliver on President Trump’s pledge Saturday to rejuvenate the Latin American country’s oil business,” the Wall Street Journal reports.

“The U.S. capture of strongman Nicolás Maduro has Chevron charting a new course as it clings to its position in some of the world’s most potent oil fields.”

Politico: “Administration officials have told oil executives in recent weeks that if they want compensation for their rigs, pipelines and other seized property, then they must be prepared to go back into Venezuela now and invest heavily in reviving its shattered petroleum industry.”

“Most Americans are paying more for electricity—and need to prepare their wallets for further pain ahead,” the Wall Street Journal reports.

“Data centers are getting much of the blame lately for rising power costs, but they aren’t the only catalyst and don’t always cause increases. The reasons our bills are rising are complex and varied. Hurricanes, wildfires, state renewable-energy plans and the replacement of aging or damaged grid equipment are all playing a role.”

“Discontent over rising power bills has become a hot political issue that is expected to spill into the 2026 midterm elections.”

“President Donald Trump has taken jabs at offshore wind all year. On Monday, he threw a haymaker that threatens to knock the U.S. industry to the mat,” Politico reports.

“The president’s decision to pause construction of five offshore wind projects capable of powering nearly 2.7 million homes along the East Coast marked an escalation of a yearlong effort to shut down the industry, jolting the political debate surrounding rising electricity prices.”

Scientific American: “The five projects affected by the pause are offshore of New York State, Connecticut, Rhode Island, Massachusetts and Virginia. Around 5.8 gigawatts of offshore wind was expected to come online in the U.S. between 2025 to 2029—enough to power millions of homes across the Eastern Seaboard. Some $10 billion has been invested in the U.S. wind industry since 2021. The Trump administration decision imperils both that investment and future energy capacity.”

“The Trump administration on Monday said it would pause leases for five wind farms under construction off the East Coast, a major escalation of President Trump’s crusade against offshore wind power,” the New York Times reports.

New York Times: “The announcement amounted to an admission by Ford that it had overestimated demand for battery-powered vehicles and underestimated the staying power of vehicles powered by gasoline and diesel.”

“The move was also the result of a reversal in government policies since President Trump took office in January. His administration has slashed government incentives for electric vehicles while promoting fossil fuels.”

Politico: “The uprooting of wind projects is especially striking at a time when political leaders from both parties are calling for a massive increase in electricity generation nationwide, citing rising consumer prices and the soaring power demands of data centers.”

“During the Biden era, the idea of erecting turbines along the nation’s coasts symbolized a vision of greening the economy, easing the threat of climate change and creating a new generation of manufacturing jobs. But now, unraveling the industry has come to represent Trump’s push for a rapid ramp-up of fossil fuels.”

Washington Post: “Soaring electricity prices are triggering a wave of power shutoffs nationwide, leaving more Americans in the dark as unpaid bills pile up. Although there is no national count of electricity shutoffs, data from select utilities in 11 states show that disconnections have risen in at least eight of them since last year.”

“The Trump administration plans to allow new oil and gas drilling off the California coast for the first time in roughly four decades,” the New York Times reports.

“The move would set up a confrontation with Gov. Gavin Newsom, a Democrat who has fought offshore drilling and who has emerged as one of President Trump’s chief political antagonists. The governor is in Brazil for the United Nations climate summit, where he is drawing a contrast between himself and Mr. Trump, who denigrates efforts to fight global warming.”

“President Joe Biden’s agencies allowed bureaucracy, indecision and fear of repeating past mistakes to undermine their efforts to bankroll a historic green energy revolution, former administration officials wrote in a newly prepared autopsy of the ex-president’s energy agenda,” Politico reports.

“The document said that even as administration officials worked to commit hundreds of billions of dollars to build battery plants, solar farms, electric vehicle factories and other clean energy projects, they underestimated how aggressively the incoming Trump team would seek to undo their programs. The slow rollout also made it harder for Biden’s programs to withstand those attacks, they signaled.”

“The U.S. retreat from its electric-vehicle ambitions is spreading around the globe,” the Wall Street Journal reports.

“In Canada, Prime Minister Mark Carney paused an electric-vehicle sales mandate that was set to take effect next year. In the U.K., Prime Minister Keir Starmer has allowed for a more flexible timetable to hit the country’s EV targets. And the European Union last month bowed to pressure from automakers to rethink—a year earlier than planned—its 2035 target for eliminating carbon-dioxide emissions from cars.”

New York Times: “Coal use has been declining sharply in the United States since 2005, displaced in many cases by cheaper and cleaner natural gas, wind and solar power.”

“But in a series of steps aimed at improving the economics of coal, the Interior Department said it would open 13.1 million acres of federal land for coal mining and reduce the royalty rates that companies would need to pay to extract coal. The Energy Department said it would offer $625 million to upgrade existing coal plants around the country, which have been closing at a fast clip, to extend their life spans.”

“Energy groups are touting President Trump’s moves to embrace nuclear energy, pointing to New York as a prime example, as an annual Climate Week kicks off in New York City,” The Hill reports.

“Trump campaigned on a pledge to unleash American energy, and he has already signed multiple executive actions aimed at bolstering the nation’s nuclear power in particular.”

Wall Street Journal: “The Trump administration is opening swaths of wilderness land and federal waters to drilling, approving new terminals to export natural gas and proposing to ax environmental regulations, including an Obama-era rule used to curb emissions from power plants, tailpipes and oil-and-gas production. His One Big Beautiful Bill is expected to hobble renewable-energy projects and stunt the adoption of electric vehicles.”

“Oil executives now enjoy extraordinary access to the White House.”

“On the campaign trail last summer, President Donald Trump promised to swiftly cut electricity and energy prices in half if voters returned him to the White House,” CNN reports.

Said Trump: “We intend to slash prices by half within 12 months, maximum of 18 months. You will never have had energy so low as you will under a certain gentleman known as Donald J. Trump.”

“Although gasoline prices have been low during the first year of Trump’s second term, electricity costs are rising uncomfortably fast for a variety of factors, including the insatiable power needs of massive data centers that serve as the backbone of the artificial intelligence boom.”

“As of the end of July, electricity prices had surged 5.5% over the prior 12 months, according to the Bureau of Labor Statistics. That’s just over twice the pace of overall inflation, which remains elevated despite Trump’s promises to make prices tumble.”

“The White House has taken the extraordinary step of instructing a half-dozen agencies to draft plans to thwart the country’s offshore wind industry as it intensifies its governmentwide attack on a source of renewable energy that President Trump has criticized as ugly, expensive and inefficient,” the New York Times reports.

“Agencies that typically have little to do with offshore wind power have been drawn into the effort.”

“At the Health and Human Services Department, for instance, officials are studying whether wind turbines are emitting electromagnetic fields that could harm human health. And the Defense Department is probing whether the projects could pose risks to national security.”

“President Donald Trump’s bid to kill wind power is straining the clean energy industry — and imperiling GOP lawmakers whose communities have seen wind as an economic boon,” Politico reports.

“Few of those lawmakers are more endangered than Iowa’s Mariannette Miller-Meeks.”

“Hailing from a state that gets nearly two-thirds of its electricity from wind turbines while paying some of the lowest power bills in the nation, Miller-Meeks has been a leading GOP champion in the House for an ‘all-of-the-above’ energy strategy supporting the growth of renewables alongside fossil fuels. But she also cast a crucial vote for Trump’s One Big Beautiful Bill, which wiped out billions of dollars in wind’s economic incentives — throwing Iowa’s 50-plus wind-related companies into uncertainty.”

“The Transportation Department on Friday said it was terminating or withdrawing $679 million in federal funding for 12 projects around the country intended to support the development of offshore wind power, the latest of the Trump administration’s escalating attacks against the wind industry,” the New York Times reports.