 Energy & Environment |
Energy & Environment |
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Trump removes some Venezuelan oil sanctions |
The U.S. is lifting some sanctions on Venezuelan oil, seeking to allow American firms to trade and sell more oil that is produced there. |
© Evan Vucci, Associated Press |
The move comes as the administration has said it will sell Venezuelan oil following its capture of leader Nicolás Maduro.
Previously, two commodities traders, Trafigura and Vitol, were given permission to help facilitate the sales.
The Treasury Department's Office of Foreign Assets Control this week issued a general license that says U.S. companies can conduct some transactions related to the exploration, refining, sale or transport of Venezuelan oil. Zack Hadzismajlovic, head of the global trade practice group at law firm McCarter & English, said that as a result of the move to lift the sanctions "for the first time in over six years, the exploitation of these oil resources…becomes possible." Read more at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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| How policy will affect the energy and environment sectors now and in the future: |
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Sen. Kirsten Gillibrand (N.Y.) and 15 other Senate Democrats took aim at the Environmental Protection Agency (EPA) on Wednesday. They said the agency's plan to limit federal water protections ignores science and threatens drinking water for millions of Americans. |
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As tens of thousands of people endured nearly a week with no electricity, another storm loomed on the East Coast where residents braced for near-hurricane force winds, heavy snow and potential flooding. |
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President Trump threatened to impose tariffs on countries and groups engaging in business and providing oil to Cuba on Thursday, marking an escalation in U.S. policy toward the communist country. |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Upcoming news themes and events we're watching: |
Next week - The House could vote on a bill that aims to boost domestic mining.
Tuesday - The House Energy and Commerce Committee will hold a hearing on FERC. All five commissioners are slated to testify.
- The House Natural Resources Committee will hold a hearing on forestry and last year's Los Angeles wildfires
Wednesday - The Senate Foreign Relations Committee will hold a hearing on European energy security
- The Senate Environment and Public Works Committee will hold a hearing on cybersecurity challenges for water infrastructure
- The House Natural Resources Committee will hold a hearing on conservation-related bills
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Two key stories on The Hill right now: |
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Attorney General Pam Bondi announced in a press release Thursday that the Department of Justice (DOJ) and the United States Postal Service had given its first-ever reward to a whistleblower under a new policy launched in July. Read more |
| The Senate is on track to pass a government funding package Friday afternoon after Sen. Lindsey Graham (R-S.C.) told colleagues that he will release his hold on the massive spending bill if he gets a vote on legislation to crack down on sanctuary cities. Read more |
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You're all caught up. See you Monday! |
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