 Energy & Environment |
Energy & Environment |
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Biden curbs sanctions on oil from Venezuela after election deal |
The Biden administration is easing sanctions on Venezuelan oil and gas after the country agreed to election reforms. |
© AP Photo/Ariana Cubillos |
The administration is allowing for transactions related to Venezuelan oil and gas for six months. It said in a press statement that it will only renew this approval if the country meets its election commitments. It also opened up dealings with Venezuela's state-owned gold mining company. The moves come after Venezuela agreed on elections reforms including provisions that may impact the government's efforts to bar some opponents of Venezuelan President Nicolás Maduro from running. These provisions do not directly lift the bans on these candidates, according to The Associated Press. A Biden administration official said that the decision to lift sanctions was the best path toward legitimate elections and relieving humanitarian issues. The move comes after the Trump administration imposed new sanctions on Venezuela's state-owned oil company in 2019 as part of an attempt to pressure Maduro to give up power. Maduro faces reelection 2024. He was previously elected in 2018 in a contest that the U.S. and others have described as fraudulent. Bloomberg reported that the sanctions move could boost Venezuelan oil production by about 25 percent. 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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California Gov. Gavin Newsom (D) will travel next week to China, where he plans to explore potential climate partnerships and visit five different regions — with stops ranging from Hong Kong to Tesla's factory in Shanghai. |
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The federal commission responsible for energy permitting Thursday morning approved an expansion of a natural gas pipeline in the Pacific Northwest, over the objections of Washington state and Oregon officials. |
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Trade associations representing manufacturers were rated the most effective in achieving their policy objectives this year, an APCO Worldwide report released Thursday found. |
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Branch out with a different read on The Hill: |
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Climate-driven temperature extremes are taking a toll on bird populations that reproduce on agricultural land, a new study has found. Birds that bred near farms were half as likely to see at least … |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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- Coal Communities Fear Exclusion From Environmental Justice Initiative (Mother Jones)
- Water usage on the Colorado River is way down as the West begins planning for a future with less (CNN)
- A new study points to a key window of opportunity to save Greenland's ice sheet (NPR)
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Two key stories on The Hill right now: |
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Several opponents of House Judiciary Committee Chairman Jim Jordan (R-Ohio) left a meeting with him Thursday vowing to maintain their resistance. Read more |
| Mainstream House Republicans long frustrated with the antics of their combative anti-establishment colleagues are launching a revolution as a growing group of them lash out — at the expense of GOP Speaker nominee Jim Jordan (R-Ohio). Read more |
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You're all caught up. See you tomorrow! |
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