 Energy & Environment |
Energy & Environment |
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Biden administration announces oil buy for strategic reserve |
The Energy Department announced that it will purchase up to 3 million barrels of oil as part of an effort to replenish the Strategic Petroleum Reserve. |
The administration is looking for oil to refill the Big Hill strategic reserve site in Texas. The Energy Department, in a statement, also said that it also plans to buy more oil at an unspecified date later this year. The announcement comes after the administration drew down a significant portion of its spare oil last year amid price spikes caused by Russia's invasion of Ukraine. The Biden administration announced last March it would release 1 million barrels a day over the following six months — for a total 180 million barrel draw down. Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — 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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President Biden on Tuesday vetoed a Congressional Review Act (CRA) resolution that would have undone his two-year moratorium on solar tariffs. In the veto message, Biden presented the tariff suspension as essential to achieving the renewable energy goals of the Inflation Reduction Act, the sweeping climate and infrastructure bill he signed in 2022. |
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President Biden on Tuesday vetoed a Congressional Review Act (CRA) resolution that would have undone his two-year moratorium on solar tariffs. |
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The world's top fossil fuel firms may be responsible for more than a third of the acreage scorched by wildfires in Western North America over the past four decades, a new analysis has found. |
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Branch out with a different read on The Hill: |
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California's State Assembly approved a first-in-the-nation bill Monday to rid food products of five toxic chemicals linked to cancer and developmental issues in children. The legislation, AB 418, seeks … |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Mountain Valley Pipeline gains approval to pass through forest, still faces more hurdles (WV MetroNews)
How a High-Tech Egg Could Help the Endangered California Condor (The New York Times) Electric vehicles in Texas face new tax as Gov. Abbott signs law (The Dallas Morning News)
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Upcoming news themes and events we're watching: |
- Officials including CEQ chair Brenda Mallory and OMB deputy director Jason Miller will testify before the Senate Environment and Public Works Committee in a hearing on permitting reform.
- Deputy FEMA Administrator Erik Hooks will testify before the House in a hearing on disaster preparedness.
- The House Oversight Committee will hold a hearing on the EPA's vehicle emission policies.
- The Senate Energy and Natural Resources will vote on whether to advance two Energy Department nominees and examine a series of conservation-related bills.
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Two key stories on The Hill right now: |
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CNN anchor Jake Tapper is earning scorn from the left and praise from the right over his commentary on John Durham, a Trump-era special counsel, and a report reviewing the investigation of the former president's ties to Russia. Read more |
| Rep. Marjorie Taylor Greene (R-Ga.) said on Tuesday that she will move to introduce articles of impeachment against FBI Director Christopher Wray and Matthew Graves, the U.S. attorney for the District of Columbia. Read more |
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Op-eds related to energy & environment submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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