Energy & Environment — Newsom signs climate, energy bills

View Online Energy & Environment Energy & Environment The Big Story  California approves climate and energy measures California Gov. Gavin Newsom (D) on Friday signed a slate of bills as part of an effort to "lower electricity costs, stabilize the petroleum market and slash air pollution." © Getty The measures signed into law include legislation to increase climate credits on utility bills, expand regional power markets out West, add $18 billion to the California Wildfire Fund and allocate $1 billion annually to a high-speed rail project.    The cap-and-trade program, now to be known as "cap-and-invest," was reauthorized through 2045, "making polluters pay for projects that support our most impacted communities," Newsom said in a statement.   "We've got to manifest our ideals and our goals. And so this lays it out, but it lays it out without laying tracks over folks. … the issue of affordability, as you heard, is top of mind," Newsom said during a Friday signing event.    Amid the onset of refinery closures in the state, the governor approved a Republican-backed bill to support more offshore drilling in Kern County, an area known for fossil fuels.    Read more here, from The Hill's Ashleigh Fields. 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. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: UN Security Council votes against lifting Iran 'snapback' sanctions ahead of deadline President Trump on Friday predicted the government would shut down "for a period of time" amid an impasse in the Senate between Republicans and Democrats.  Full Story Trump predicts government could shut down 'for a period of time' A U.N. Security Council resolution aimed at halting the reimposition of sanctions on Iran over its nuclear program failed Friday after weeks of last-ditch diplomatic talks appeared to break down days before the annual United Nations gathering of world leaders.  Full Story Texas cotton farmers prepare for 'curveball' as pest invasion threatens future Jon Whatley is a 4th-generation farmer in South Texas. His great-grandfather moved the family down from Tennessee to Odem, just north of Corpus Christi, to grow corn, sorghum and cotton.  Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: America's Largest Lithium Project in Jeopardy After Top Energy Department Official Questions Its Ability To Compete With China (The Washington Free Beacon) Final federal approval of massive NV Energy transmission project delayed again (The Nevada Independent) On Tap  Upcoming news themes and events we're watching: Next Week is Climate Week NYC. On Thursday, Rachel will be speaking at the Rethinking Water Conference What Others are Reading  Two key stories on The Hill right now: Government shutdown looms after Senate rejects House-passed stopgap funding bill Senate Democrats on Friday blocked a House-passed bill to fund federal departments and agencies for seven weeks, putting Washington on the path to an Oct. 1 government shutdown. Read more 38 Democrats vote 'present' as House adopts resolution honoring Charlie Kirk The House adopted a resolution honoring the life and legacy of Charlie Kirk and condemning political violence in a largely bipartisan vote Friday that appeared to prove difficult for Democrats. Read more   You're all caught up. See you Monday!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  400 N Capitol Street NW Suite 650, Washington, DC 20001 Copyright © 1998 - 2025 Nexstar Media Inc. | All Rights Reserved.

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