Category: Executive_Landing_CN

President Biden and President Xi Jinping of China agreed on Monday to restart talks between their countries as part of international climate negotiations, a breakthrough in the effort to avert catastrophic global warming.

Last Thursday, the Biden Administration proposed that all federal contractors (except those receiving less than $7.5 million annually in contracts) be required to, among other things, disclose their GHG emissions. Specifically, according to the press release issued by the White House, “Federal contractors receiving more than $50 million in annual contracts would be required to publicly disclose Scope 1, Scope 2, and relevant categories of Scope 3 emissions, disclose climate-related financial risks, and set science-based emissions reduction targets” and “Federal contractors with more than $7.5 million but less than $50 million in annual contracts would be required to report Scope 1 and Scope 2 emissions.” The Biden Administration further announced that “[t]his proposed rule leverages widely-adopted third party standards and systems . . . including the CDP environmental reporting system, the Task Force on Climate-Related Financial Disclosures (TCFD) Recommendations, and the Science Based Targets Initiative (SBTi) criteria.” It should be noted that this proposed rule is also quite similar to the climate disclosures proposed by the SEC–an unsurprising observation, as both were proposed by the Biden Administration and relied upon the same third-party standards (e.g., the TCFD).

The Biden administration on Thursday proposed a regulation that would require most federal contractors to publicly disclose their greenhouse gas emissions — and would require over a thousand companies to set their own emissions reductions goals.

Standing behind President Joe Biden during a big White House speech about gas prices. Talking about energy policies on CNN’s “Face the Nation.” Jetting off to the Middle East to broker energy deals.
Hochstein, a special presidential coordinator at the State Department, has long been known as an influential behind-the-scenes player on Biden’s energy team. He’s attended at least a dozen one-on-one meetings with the president this year, White House records show. And he’s become increasingly visible lately as the war in Ukraine and soaring gas prices have escalated the importance of Hochstein’s international energy portfolio within the administration.

President Joe Biden signed a bona fide international climate treaty on Wednesday, one that was ratified in the Senate with bipartisan support in a 69-27 vote. Twenty-one Republicans supported ratification in September, including Minority Leader Mitch McConnell.

The Biden administration is planning to sell more oil from the country’s strategic reserves—and is considering authorizing new sales this winter—as it tries to head off the potential for more market shocks and high prices, according to senior administration officials.
President Biden plans to address the nation on gasoline prices Wednesday as midterm elections near and the clock runs down on previously planned releases of government reserves that have helped temper prices at the pump.

Treasury Secretary Janet Yellen praised Biden administration’s economic policies Thursday during a speech at a Ford Motor Company electric vehicle plant in Michigan.

Gina McCarthy, President Biden’s top climate adviser, will leave her job on Sept. 16, just weeks after the president signed a landmark climate bill to slow the pace of global warming, two people familiar with her plans said Friday.

President Biden on Friday appointed John Podesta, a veteran Washington insider who spearheaded the Obama administration’s climate strategy, to oversee the federal investment of $370 billion in clean energy under a landmark new climate law.
As a senior adviser to Mr. Biden on clean energy innovation, Mr. Podesta will shape how the government disburses billions of dollars in tax credits and incentives to industries that are developing wind and solar energy, as well as to consumers who want to install solar panels, heat and cool their homes with electric heat pumps or buy electric vehicles.

Fresh off signing expansive climate legislation, President Biden and his administration are planning a series of executive actions to further reduce greenhouse gas emissions and help keep the planet from warming to dangerous temperatures, senior White House officials said.