** The fiscal year 2023 request unveiled Monday by President Biden would boost government-wide spending on climate and clean energy programs to almost $45 billion, the White House said.
** U.S. new vehicle sales could fall to the lowest first-quarter volume in the past decade as chip shortages and the Ukraine crisis squeeze inventories and rising prices push less affluent buyers out of the market, research firm Cox Automotive said Monday.
** The US will emerge as the world’s top exporter of liquified natural gas as the West scrambles to slash Russian shipments and find other alternatives, according to energy expert Dan Yergin.
** A coalition of progressive and environmental organizations on Monday introduced a pledge for candidates indicating plans to co-sponsor a handful of bills associated with Green New Deal policies. Signers of the pledge commit to rejecting any donations of more than $200 from fossil fuel lobbyists, companies or executives and commit to co-sponsoring 10 pieces of Green New Deal-related legislation within six months of taking office.
** In a decision that could dramatically undercut President Joe Biden’s ambitious climate goals, the Commerce Department said Monday it is investigating whether imports of solar panels from Southeast Asia are circumventing anti-dumping rules that limit imports from China.
World
** The world must take “radical action” to shift from fossil fuels, including investing $5.7 trillion annually in solar, wind and other clean power, the International Renewable Energy Agency says.
** Saudi Arabia and Kuwait have agreed on new plans to develop the Dorra gas field. Dorra has an estimated 1 trillion cubic feet of gas reserves in place. Iran contests the development saying the field is partly its own.
** Exxon Mobil Corp failed to find oil in its first well in a new exploration area off Brazil’s Northeast coast, its partner Enauta Participacoes SA said on Monday, the latest in a series of setbacks for the U.S. producer in the country.
** Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said cross-border attacks have put to question “our ability to supply the world with the necessary energy requirements.” The attacks have been carried out by Yemen’s rebel Houthis, who are supported by Iran.
** Global oil supply and the market will not work if oil producers are vilified for years, only to be looked on a ‘superheroes’ when oil supply is lower than demand, according to Suhail al-Mazrouei, the energy minister of OPEC heavyweight the United Arab Emirates (UAE).
** Russia on Monday has issued a firm and unyielding response to G-7 ministers who had dismissed as “unacceptable” its plan to only accept ruble payments for Russian gas going to “unfriendly” nations.