U.S. climate envoy John Kerry said he thinks coal plants should not be “permitted anywhere in the world,” The Hill reports.
John Kerry Teases Fusion Energy Ambitions
“Climate envoy John Kerry previewed new U.S. ambitions for producing nuclear fusion energy during a visit to Massachusetts on Monday,” Axios reports.
“The full announcement at the COP28 summit later this month is expected to coincide with a renewed U.S. effort to deploy nuclear energy — a campaign whose targets may be hard to achieve without fusion projects.”
Gas Prices Keep Falling
“Gasoline prices have fallen for 60 consecutive days — the longest streak of declines in more than a year — letting American drivers pass on savings at the pump to consumer retailers during the US economy’s all-important holiday season,” Bloomberg reports.
“A gallon of gasoline now costs $3.25 on average in the US, more than 60 cents below the year’s peak in mid-September and about 30 cents cheaper than this time last year.”
Ukrainian Officer Coordinated Nord Stream Attack
“A senior Ukrainian military officer with deep ties to the country’s intelligence services played a central role in the bombing of the Nord Stream natural gas pipeline last year,” the Washington Post reports.
“The officer’s role provides the most direct evidence to date tying Ukraine’s military and security leadership to a controversial act of sabotage that has spawned multiple criminal investigations and that U.S. and Western officials have called a dangerous attack on Europe’s energy infrastructure.”
Trump Turns to Oil Barons to Boost His Bid
Washington Post: “Over the course of four years, the Trump administration weakened or wiped out more than 125 environmental rules and policies, many of them designed to limit planet-warming emissions from fossil fuels. Biden, by contrast, has reversed many of Trump’s policies and enacted dozens of measures aimed at moving the nation away from oil, gas and coal…”
“In recent weeks, Trump and his team have targeted donors from the oil and gas industry by holding two large events in Texas and calling some of the country’s richest executives. The campaign’s pitch has been straightforward: Trump is going to be the GOP nominee, so these donors should get on board now.”
Biden Administration Approves Biggest Offshore Wind Farm
“The Interior Department on Tuesday approved a plan to install up to 176 giant wind turbines off the coast of Virginia, clearing the way for what would be the nation’s largest offshore wind farm yet,” the New York Times reports.
Gas Prices Are Tumbling
“Gasoline markets have shifted into reverse,” the Wall Street Journal reports.
“Wholesale costs have slid in recent weeks, undoing a late-summer run-up that sparked fears of an inflationary shock while promising relief to drivers and the Federal Reserve. Already, gas stations around the U.S. are cutting prices at the pump, a trend that traders on Wall Street suggest will continue in the coming weeks.”
Republicans Push Biden to Block Iran’s Oil Sales
“Hamas’ attack on Israel is bringing pressure on President Joe Biden to clamp down on Iranian oil exports — even at the risk of provoking a politically damaging spike in world oil prices,” Politico reports.
“Crude oil exports from Iran have risen on Biden’s watch despite U.S. sanctions aimed at punishing Tehran for its nuclear ambitions, military aggression and support for terrorism. Now, last weekend’s violence by the Iranian-allied Palestinian group is fueling new calls for the U.S. to choke off that revenue stream, which Republican lawmakers have lambasted as an ill-fated attempt at ‘appeasement.'”
Vance Says EVs Pose ‘Existential Threat’ to Autoworkers
Sen. J.D. Vance (R-OH) writes in the Toledo Blade:
“With this moment, the UAW leadership has an opportunity they cannot let slip through their grasp. Rather than relenting to the Biden administration’s unjust transition to EVs, the UAW should use their leverage and force the President to stop subsidizing an industry that benefits Communist China more than it does American workers.”
Uranium Prices Spike
“Uranium prices have surged to their highest level in 12 years, underlining a global renaissance in nuclear power as utilities race to lock in fuel supplies,” the Financial Times reports.
Inside Exxon’s Strategy to Downplay Climate Change
“Exxon Mobil issued its first public statement that burning fossil fuels contributes to climate change in 2006, following years of denial,” the Wall Street Journal reports.
“Yet behind closed doors, Exxon took a very different tack: Its executives strategized over how to diminish concerns about warming temperatures, and they sought to muddle scientific findings that might hurt its oil-and-gas business, according to internal Exxon documents reviewed by The Wall Street Journal and interviews with former executives.”
America Has a Charging Problem
Wall Street Journal: “America’s electric-vehicle drivers are increasingly unhappy with public charging, as problems that include glitchy or inoperable equipment seem to be getting worse, not better.”
“Now the U.S. government plans to launch a $100 million effort to try to tackle the reliability issue and make public charging less annoying and more consistent. The funding aims to repair and replace thousands of old or out-of-commission chargers.”
Extremists Keep Trying to Trigger Mass Blackouts
Attacks on the U.S. power grid are on the rise, threatening to upend lives all across the country, Politico reports.
“Utilities reported 60 incidents they characterized as physical threats or attacks on major grid infrastructure, in addition to two cyberattacks, during the first three months of 2023 alone… That’s more than double the number from the same period last year.”
Energy Secretary’s Staff Blocked EV Car Charger
“An EV driver in Georgia called the police on the US Energy Secretary, Jennifer Granholm, after her staff blocked a public charger with a gasoline car to ‘reserve’ it for her upcoming convoy of EVs that she was using to highlight the White House investment in electric vehicles,” Electek reports.
DeSantis Rejects $350 Million in Green Energy Funds
Politico: “The Inflation Reduction Act makes Florida eligible for some $350 million in energy efficiency incentives. But Gov. Ron DeSantis has rejected the funding and other measures, creating the most prominent blockade by any Republican governor against Biden’s economic agenda.”
“And there’s nothing the White House can do besides hope he changes his mind.”
Republicans Seize on Gas Prices
“The late-summer surge in gasoline prices is heightening the risks that inflation poses for President Joe Biden, and offering Republicans a new chance to pin the blame on his green agenda,” Politico reports.
“The GOP narrative has a major hole: U.S. oil production — already the highest in the world — is on track to set a new record this year, and will probably rise even more in 2024. But the ever-increasing flow of U.S. crude has failed to keep a lid on gasoline prices, showing once again that a global market drives the fuel prices that shape presidents’ political futures.”
DeSantis Rejects $377 Million in Federal Energy Funds
“Florida Republican Governor and 2024 presidential contender Ron DeSantis quietly rejected hundreds of millions of dollars in federal energy funding, as the Biden administration touts the benefits of its marquee climate law on the campaign trail in battleground states,” Bloomberg reports.
“The funding, totaling about $377 million, included hundreds of millions of dollars for energy-efficiency rebates and electrification as part of the Inflation Reduction Act, as well as money from the bipartisan infrastructure legislation that became law in 2021.”
Trump to Go After DeSantis on Ethanol
“Donald Trump plans to headline his largest Iowa campaign event in nearly four months with a speech to thousands at an arena in the western part of the state,” the AP reports.
“Trump will use his appearance in Council Bluffs on Friday to attack his top GOP rival, Florida Gov. Ron DeSantis, for opposing the federal mandate for ethanol, a renewable fuel additive that Iowa leads the nation in producing.”
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