** Biden administration estimates show that the US government could spend more than $1.8 trillion over ten years on energy tax subsidies, if they are made permanent. These costs could increase even further as new regulations, such as the recently finalized tailpipe emissions rule and proposed power plant rule, force greater adoption of tax credit‐eligible technologies. ** The …
April 3, 2024 archive
Oklahoma joins fight against Honolulu lawsuit against energy industry
Oklahoma Attorney General Gentner Drummond is among 20 GOP Attorneys General to join a fight against Honolulu in its lawsuit blaming the “global climate crisis” on the oil and gas industry. Drummond and the others, led by Alabama Attorney General Steve Marshall, contend the case in Hawaii could have “grave” consequences for American energy …
Government holds off on latest purchase to refill Strategic Petroleum Reserve
Efforts by the Biden administration to refill the nation’s Strategic Petroleum Reserve after the President used it to lower gasoline prices two years ago were delayed this week. The administration’s Energy Department said it was not moving forward to buy oil amid rising prices. It said it was doing so and “keeping the taxpayer’s …
- 1
- 2