The lease sales will run Wednesday to Thursday and will cover more than 140,000 acres (570 square kilometers) across eight Western states, posing a test of the drilling industry’s demand for new prospects at a time of soaring global energy prices.
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The Commerce Department had been considering whether to impose the tariffs as part of a trade case against Chinese companies.
Interior Secretary Deb Haaland said the government would sharply reduce the fees it charges to companies that operate on public lands.
The Securities and Exchange Commission (SEC) extended how long the public will have to weigh in on a proposal that would require companies to reveal their vulnerabilities and contributions to climate change.
The Interior Department on Friday recommended that the federal government raise the fees that oil and gas companies pay to drill on public lands — the first increase in those rent and royalty rates since 1920.
The announcement, scheduled for Wednesday, illustrates that the White House is racing to fulfill President Biden’s ambitious commitments to combat climate change, particularly as Republicans ramp up their attacks on the administration over high gas prices ahead of the holiday season.
Jigar Shah has spent his private-sector career working to bring once-unfinanceable long-shot clean technologies to multibillion-dollar commercial scale, from utility-scale solar at SunEdison to community solar, electric buses and other “sustainable infrastructure” projects at Generate Capital.
The U.S. Department of Energy (DOE) today announced $20 million in funding to four projects working to accelerate the regional deployment of carbon capture, utilization, and storage (CCUS). The projects, representing all four corners of the country, are referred to as DOE’s Regional Initiatives to Accelerate CCUS Deployment—an initiative designed to identify and address regional storage and transportation challenges facing the commercial deployment of CCUS. Expanding the deployment of CCUS will reduce carbon dioxide (CO2) emissions from industrial sources and is a crucial component to achieving the Biden-Harris Administration’s goal of net-zero emissions by 2050.
The president’s top environmental adviser said today that she is laser-focused on addressing planet-warming emissions while preserving some stability for regulated industries. Brenda Mallory, chair of the White House Council on Environmental Quality, told an audience of lawyers this morning that she is aware of — and sympathetic to — the concerns of business owners who have been trying to navigate environment and energy rules during the “seismic shift” in policy direction that occurred between the Trump and Biden administrations.