"Hammered by high gasoline prices, President Biden announced this morning that the Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve in an effort to lower prices."
Economy & Business
"Climate change poses “wide-ranging and material risks to the financial system,” a New York state agency is warning, and the insurance industry needs to be prepared."
The massive infrastructure measure signed into law last week is a potential mother lode of stories for environmental journalists. If that is, they can figure out where the money is going. The latest TipSheet takes an initial look at the $1.2 trillion plan and offers guidance on how to track down reportable local and regional projects.
"The White House on Tuesday said it would make 50 million barrels of oil available from the U.S. Strategic Petroleum Reserves to help cool oil prices."
"The Transportation and Climate Initiative — a cap-and-trade program covering cars in three Northeastern states and the District of Columbia — was abandoned last week after Connecticut Gov. Ned Lamont (D) and Massachusetts Gov. Charlie Baker (R) pulled the plug on the program."
"U.S. Federal Reserve Chair Jerome Powell underscored his commitment to putting climate change at the center of the central bank's policymaking decisions during his conversations with President Joe Biden, the White House said on Monday."
"It's not the Biden administration's energy policies nor Big Oil illegally manipulating prices."
"On Wednesday, amid a fresh surge in gas prices, the Biden administration announced that it had asked the FTC to investigate whether oil and gas companies were doing anything illegal to manipulate prices. Republicans have countered that it’s a cheap political stunt and blamed President Joe Biden’s energy policies.
"The tax credits that underwrote America’s renewable energy revolution are set for a makeover as part of the $1.75 trillion reconciliation bill."
Freedom of access to government scientists is just one narrow facet in a worsening crisis in scientific integrity at the U.S. Environmental Protection Agency. The new WatchDog Opinion argues that whether it’s about self-interested industry lobbying over climate change or the regulation of chemicals, there’s an assault on science itself — and the news media has a role to play.