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GOP WOTUS PUSHBACK: A few Republican lawmakers are attacking the Biden administration for what they’ve deemed as lackluster rulemaking from the Environmental Protection Agency, after the agency issued a rule Tuesday curtailing protections for previously protected waters and wetlands. The newest rule was issued to align with the Supreme Court’s ruling that lessens protections for certain bodies of waters.
Sen. Kevin Cramer of North Dakota, who also stands on the EPW committee, tweeted out his reaction to the new rule: “It is baffling how the Biden administration could take something so clear and muddy the waters by grasping for authority they do not have. Let it go.” The newly-issued rule takes “effect immediately,” bypassing the usual process of issuing a draft for public comment. The EPA reasoned that the SCOTUS ruling created uncertainty for the implementation of the law, and the agency was moving quickly “to provide clarity and a path forward consistent with the ruling.”
IDALIA MAKES LANDFALL IN FLORIDA: Hurricane Idalia slammed onto Florida’s shores this morning as an “extremely dangerous” Category 3 storm, battering the state with ferocious winds, a deadly storm surge, and more than a dozen tornadoes contained in the storm’s outer walls. EU RUSSIAN LNG IMPORTS REACH RECORD-HIGH: The European Union is slated to import record amounts of Russian liquified natural gas this year, news that appears in conflict with EU goals to reduce reliance on Russian fossil fuels and cut off funding for Vladimir Putin’s war machine.
ORSTED WARNS IT MAY DROP U.S. WIND PROJECTS: Danish renewable energy company Orsted lost 20% of its market value today after officials said they could take a $2.3 billion impairment on three U.S. wind projects – and possibly walk away from them altogether, according to the Wall Street Journal. Offshore acres are sold via auctions that can last upwards of days, depending on the level of demand and how much companies are willing to shell out to develop the areas. The fewer bids, the shorter the auction.
“The Gulf is firmly established as a premier global offshore energy region, recognized for its low-carbon oil production, and today the region took a step to expand its energy portfolio,” Milito said.
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Daily on Energy: Home insurers in the spotlight as Hurricane Idalia bears down on FloridaSubscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!
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