** The Environmental Protection Agency said it’s terminating $20 billion in grants awarded through a green bank program established under former President Joe Biden’s signature climate law. The money is part of a $27 billion pool and awarded to community development organizations and other nonprofits, credit unions, housing agencies and solar energy projects.
** Oil and gas companies announce they’ll shift investments away from clean energy and back into fossil fuels as they celebrate the Trump administration’s dismantling of climate policy and approval of permits for new petro infrastructure.
** President Trump reduces his threatened 50% tariffs on Canadian steel and aluminum to 25% as Ontario’s premier agrees to lift a 25% surcharge on power exported to Michigan, Minnesota, and New York.
** The US is eyeing emergency authority to bring back coal-fired plants that have closed and stop others from shutting, Interior Secretary Doug Burgum said Monday. Burgum, who also serves as the chair of the White House’s National Energy Dominance Council, said Biden-era policies were threatening the US power grid, necessitating emergency action.
** A judge dismisses environmentalists’ lawsuit alleging a proposed trans-Alaska natural gas pipeline would violate the state constitution by exacerbating climate change and harming fish and wildlife.
** A former Greenpeace employee tells jurors that he and the organization backed nonviolent approaches during the Dakota Access pipeline protests in 2016 as the pipeline operator claims the nonprofit encouraged protesters to cause millions of dollars in damage.
World
** Eastern Australia is facing an energy shortfall as older offshore gas fields are depleted, according to Rystad Energy. There’s limited pipeline capacity to ship LNG thousands of miles from major production hubs in the northwest of the country, and the grid operator has repeatedly warned of potential shortages in the populous southeast as soon as 2027.
** Ukraine claimed it hit a major oil refinery that supplies Moscow and its airports, as part of a record drone barrage ahead of talks between Kyiv and the US over a potential ceasefire.
** British police arrested a man on suspicion of manslaughter as they searched for answers about why a cargo ship hit a tanker transporting jet fuel for the U.S. military off eastern England, setting both vessels ablaze. One sailor was presumed dead.