EUROPE ISN’T OUT OF THE WINTER YET: The European Union must extend its gas demand reduction target through at least October to ensure it has enough supply to last through the 2023-2024 winter season, according to a new report that warns that things could get much worse for the bloc in the coming months due to unpredictable temperatures and threats of a full Russian gas cutoff.
“Regardless of Russian flows, it is essential for the EU to continue reducing demand until October 2023,” the report said. “Europe’s gas supply-demand balance will remain a tightrope walk for the next two years.” “To deliver over the long-term, we must focus our resources on ramp and our path to profitability while ensuring we have the right set of future products, services and technology,” Scaringe said.
Sen. Shelley Moore Capito, EPW ranking member, led the Senate effort and criticized the rule and said it “upended regulatory certainty.” Rep. Sam Graves, who chairs the Transportation and Infrastructure Committee, led the effort in the House. SENATORS WANT USGS TO DUB COPPER ‘CRITICAL’: A bipartisan group of senators want Secretary Deb Haaland to include copper on the U.S. Geological Survey’s list of “critical minerals,” a compendium of elements deemed to be essential to the economic or national security and vulnerable to supply disruptions.
ADMINISTRATION MUST WEIGH ENERGY SECURITY + ESG: MANCHIN: Sen. Joe Manchin took aim at the Labor Department’s ESG retirement rule this morning and said the Biden administration should look beyond the influence of climate change to consider how other volatile factors affect fund performance. The administration is also seeking to expand climate change disclosure requirements for public companies with a rule in the works at the Securities and Exchange Commission. SEC intends to finalize that rule in April.
"We understand the Commission's mission is to ensure consumer safety. However, it is unclear what safety angle the Commission plans to take with the recent RFI," Manchin and Sen. James Lankford said in a letter to Hoehn-Saric shared first with the Washington Examiner. “While we are not opposed to clean energy, we are concerned about the impacts these projects may already be having on our environment," the mayors said in a letter.
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