The latest news in energy and environmental politics & policy — must-know stories and candid insights from POLITICO’s energy team and journalists across our newsroom. All in just five minutes each morning.
Democrats tore into the fossil fuel industry and their representatives during a pair of House hearings on Wednesday and Thursday. POLITICO’s Ben Lefebvre and host Josh Siegel discuss what Democrats hoped to accomplish with these hearings, some of the main takeaways, and how fossil fuel companies, their representatives and Republicans responded.
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What a railroad strike could mean for energy
For months, the Biden administration has been working to avoid a possible railroad work stoppage that could cost the U.S. economy billions of dollars and disrupt the transportation of major energy commodities like coal and crude oil. POLITICO’s Tanya Snyder breaks down why this labor dispute is happening in the first place and how it could disrupt the domestic energy space.
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Behind the White House’s IRA climate roll-out
On Tuesday, the Biden administration celebrated the passage of the Inflation Reduction Act, which includes $369 billion in clean energy and climate incentives. POLITICO’s Zack Colman takes us inside White House’s climate strategy and breaks down which team will implement the law’s provisions and Biden’s larger green agenda moving forward.
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Why the largest offshore wind project in the U....
A Virginia utility company, Dominion Energy, has been seeking final approval to build the largest offshore wind farm in the United States during the last year. But the company is threatening to abandon the project since Virginia state regulators are trying to impose rules that ensure consumers wouldn't be responsible for higher-than-expected costs. POLITICO’s Catherine Morehouse breaks down the dispute between the utility and state regulators, why this project is so unique, and how a possible compromise could impact offshore wind projects across the country.
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Biden’s big geothermal bet
Last week, the Department of Energy launched a plan to significantly cut the costs of new geothermal technology in an effort to expand the commercial adoption of the green power source. POLITICO’s Kelsey Tamborrino explains why geothermal energy resources have been largely untapped, how the Biden administration plans to expand its use, and which communities will most benefit from it.
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Fed will begin climate-focused stress test in 2023
On Wednesday, Federal Reserve regulatory czar Michael Barr announced that next year, the central bank will launch a pilot exercise that assesses how climate change might affect the nation’s financial system. POLITICO’s Victoria Guida breaks down the Fed’s plan and how it fits into the Biden administration’s climate agenda.
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Biden revamps climate team with familiar faces
The Biden administration has revamped its climate team, promoting Ali Zaidi to national climate adviser after Gina McCarthy announced that she is leaving her post at the end of next week. John Podesta, a former climate adviser in the Obama administration, will also join as the senior adviser for clean energy innovation and implementation. POLITICO’s Zack Colman breaks down Biden’s new climate team and why these moves come at a critical time for the Biden administration’s climate strategy.
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Biden’s growing natural gas price problem
As both winter and the November midterm elections approach, the Biden administration faces another politically ill-timed headache from the energy markets: rising natural gas prices. POLITICO’s Catherine Morehouse explains why prices are rising, how they will impact consumers, and the response from the Biden administration and Congress.
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Why clean vs green is the next permitting battl...
Democratic leaders made a political compromise with Senator Joe Manchin to get his support for the Inflation Reduction Act: pass the bill now and the party will vote on separate legislation that would speed federal infrastructure permits for both clean energy and fossil fuels. But that bill is dividing Democratic lawmakers, clean energy groups and green activists. POLITICO’s Josh Siegel breaks down why Democrats and their allies are so divided over permitting and the timeline the party is working with to pass that legislation.
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Inside the California gas car ban
On Thursday, California voted to ban the sale of new gasoline-powered vehicles by 2035. That ban could pave the way for other states to adopt the requirement, overhauling the nation’s auto industry and market. POLITICO’s Camille von Kaenel breaks down the ban, how it could impact the rest of the country, and how automakers are adjusting.
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The Inflation Reduction Act climate provision t...
Tucked deep inside the Inflation Reduction Act is a provision that some legal experts are claiming expands the EPA’s authority to regulate greenhouse gas emissions. But other commentators say that’s not quite so, and that the law did little to address the Supreme Court’s June ruling limiting the EPA’s climate authority over power plants. POLITICO’s Alex Guillén breaks down what this climate provision could mean for the EPA’s authority and legal challenges to regulations going forward.
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Why private oil and gas drillers are leaving ANWR
: Two private companies recently backed out of drilling leases in Alaska’s Arctic National Wildlife Refuge, leaving the state of Alaska as the only remaining lease holder in the protected wilderness area. Contributing reporter Adam Federman explains why Alaska is the sole entity still holding rights to drilling acreage and how the Biden administration has discouraged future drilling in ANWR.
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US, China enter a new clean energy race
The Inflation Reduction Act signed into law by President Joe Biden may mark the start of a new clean energy arms race between the U.S. and China — a dream of climate advocates for decades. POLITICO’s Zack Colman explains.
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Why environmental justice advocates are unhappy...
After President Joe Biden signed the Inflation Reduction Act into law last week, most Democratic allies were celebrating — with the notable exception of advocates for low-income and minority communities. They say that once again the needs of those environmental justice communities have been sacrificed for political compromise. POLITICO’s Zack Colman explains why these advocates are unhappy with the law and what their priorities are moving forward.
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Why green energy incentives aren’t just for big...
There are billions of dollars in clean energy tax incentives in the Inflation Reduction Act that President Joe Biden signed into law on Tuesday – and for the first time they will be accessible to cities, nonprofits, public power utilities and rural electric cooperatives that are usually excluded from using tax credits for clean energy. POLITICO’s Catherine Morehouse explains why green energy incentives aren’t just for big utilities anymore and what this means for electricity providers across the country.
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The Colorado River water crisis is getting much...
Seven Western states are facing a massive water and power crisis as soon as next year as water levels are plummet at Lake Powell, one of two main reservoirs on the Colorado River, due to drought and overuse. POLITICO’s Annie Snider breaks down the urgency of the crisis and what states and the federal government are doing to combat it.
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Why red state governors hate Biden's climate pa...
Despite protests from Republican governors over the Inflation Reduction Act, climate funding is set to deliver major financial incentives to red states to boost clean energy projects. POLITICO’s Catherine Morehouse explains the benefits their states could receive and criticisms from GOP leaders.
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Why progressives will fight Manchin’s permittin...
Now that the Inflation Reduction Act is set to be signed into law by President Joe Biden, progressives and moderates in the Democratic party may clash about a secondary agreement struck by Senator Joe Manchin and democratic leadership to pass permitting reform legislation. POLITICO’s Kelsey Tamborrino explains.
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Can the EU convince the world to go big on gree...
Within its borders, the European Union is pursuing a plan that would require large companies to disclose green information with the same strictness as they do for financial disclosures. But while the EU may want to lead the way globally on green disclosures, it’s also finding itself increasingly isolated within the international community. POLITICO Europe’s Hannah Brenton breaks down the EU’s plan, why international players such as the United States aren’t on board, and how this could impact the fight against climate change.
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A risky GOP attack on the Inflation Reduction Act
Since the Senate passed the Inflation Reduction Act, GOP lawmakers have attacked the legislation’s climate and energy components. But as the bill heads to the House of Representatives today and President Joe Biden’s desk in the near future, former GOP lawmakers and Republican allied groups warn the party risks overreaching and alienating key voting groups. POLITICO’s Josh Siegel explains.
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Gas prices have fallen. Will inflation follow?
According to the latest data released from the Consumer Price Index, overall inflation didn’t rise in July for the first time in more than two years, due to lower gas prices. POLITICO’s Victoria Guida breaks down if falling gas prices will continue to be a trend and how the economy might look heading into the midterms.
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Why greens are pushing California leaders for m...
As Congressional Democrats look to pass the Inflation Reduction Act of 2022, environmentalists want California state leaders to pass a strong climate and clean energy package during the final weeks of the state’s legislative session. POLITICO’s Camille von Kaenel explains what greens are pushing for and the timeline state leaders are working with.
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Trouble in EV credit paradise
In the reconciliation package passed over the weekend, Senate Democrats crafted an electric vehicle tax credit not a single car on the market would qualify for. To unlock those tax credits, Democrats may need to rely on bureaucracy and creative definitions. POLITICO’s Alex Daughtery explains.
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Senate Dems notch their big climate win. What's...
On Sunday, the Senate voted to pass the Inflation Reduction Act of 2022, which includes the largest climate and clean energy investment in U.S. history. POLITICO’s Josh Siegel and Matt Daily discuss what’s in the package and how important the deal is for Democrats and Republicans heading into the November midterm elections.
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Oil’s big profits spark political fallout
Last week, major oil companies reported eye-popping second-quarter profits while consumers suffer under high gasoline costs and inflation. POLITICO’s Ben Lefebvre breaks down what led to these record profits and what the companies are doing with the bulging coffers.