Author: Breanne Deppisch

The Treasury Department on Thursday claimed success for the cap on the price of Russian oil it announced a year ago with allies in the G-7, a novel policy meant to cut off funding for Russia’s invasion of Ukraine without driving up global energy prices. “Despite widespread initial market skepticism around the price cap, market…

Leaders from the Group of Seven member nations are planning to tighten restrictions on Russian energy exports at their summit in Japan this week, in a bid to crack down both on Moscow’s illegal oil shipments and third-party countries who have helped Moscow evade the sanctions. The nations are aiming to undermine both Russia’s future…

Three New York City pension funds were sued this week for allegedly breaching their fiduciary duty and divesting from energy companies, resulting in the sale of billions of dollars in fossil fuel assets. In a complaint filed Thursday in New York state court, plaintiffs argued that the New York City Employees’ Retirement System, the Teachers’…

Energy Secretary Jennifer Granholm said Thursday that the United States could begin purchasing oil to refill the Strategic Petroleum Reserve as early as June, offering the administration’s most optimistic timeline to date as to how soon it might begin refilling the depleted stockpile. Speaking at a House Energy and Commerce Committee hearing Thursday, Granholm said…

The Senate voted Thursday to cancel Biden administration rules related to protections for endangered and threatened species in the United States, the latest effort by Republicans to undo aspects of Biden’s regulatory agenda, many of which have gained support from centrist Democrats. The upper chamber voted 51-49 in two separate votes to approve two Congressional…

DeFlorida Blueprint is a five-part series examining the legislative and policy record of Florida Gov. Ron DeSantis. As the Florida legislature wraps up its 2023 session, DeSantis is widely expected to declare he is running for the Republican presidential nomination, putting him on a collision course with former President Donald Trump. The previous installments of this series examined…

Sen. Joe Manchin (D-WV) vowed Wednesday to oppose all of President Joe Biden’s Environmental Protection Agency nominees unless the administration halts its plans to regulate U.S. power plant emissions. Manchin, the head of the Senate Energy and Natural Resources Committee, said in a statement that the EPA’s expected power generation rule, expected this week, shows…

The Texas Senate voted Monday to approve a new energy bill that would impose new permitting restrictions on renewable energy projects, a measure billed as increasing reliability but that threatens to deter investment and drive up consumers’ energy costs. Senate Bill 624, which cleared the Texas Senate by a 21-9 vote, is an effort by…

United States oil companies spent roughly $9.4 million in lobbying efforts in California in the first quarter of 2023, including on Gov. Gavin Newsom’s Senate Bill X 1-2 aimed at limiting oil majors’ windfall profits. That legislation, which Newsom signed into law in late March, allows the California Energy Commission to set a maximum profit…

Three months after a 150-car freight train derailed in East Palestine, Ohio, spilling toxic chemicals into the nearby air and water and forcing officials to order a controlled burn to avoid an explosion, residents are worried about pollution from the hazardous materials and continued exposure to contaminants. Here’s an overview of where things stand. EPA’s…