RECAPPING EVERYTHING THAT’S HAPPENING WITH OFFSHORE LEASING: Willow’s approval in Alaska is the energy production news of the year, but there’s a lot else simultaneously developing related to offshore leasing, between Interior’s updated five-year plan schedule and advancement of new lease sales in the Gulf of Mexico.
The five-year program: All offshore oil and gas lease sales advancing this year are doing so at express direction from Congress in the IRA and independently of any active five-year leasing program in the Outer Continental Shelf, which is new for BOEM. Mike Sommers, president and CEO of API, said the IRA’s leasing mandates were positive but not a long-term solution, likening them to the incremental extensions of tax credit provisions for one to two years. Solar and wind advocates long complained about such incremental extensions in years past because they gave those sectors little to work with in the way of incentives.
It was over this that Sen. Joe Manchin said he would block Daniel-Davis’s nomination to be assistant secretary. “This is significant in the fact that not only will this mean jobs and revenue for Alaska, it will be a resource that is needed for the country and for our friends and allies,” Sen. Lisa Murkowski told reporters.
Sen. Dan Sullivan said he got assurances from administration officials that the restrictions they’re pursuing would not touch existing leases in the Reserve covering a total of 1.5 million acres, but the extent of the restrictions remain unclear. RUSSIA SAYS NORD STREAM BLAME ON ‘PRO-UKRAINE’ GROUP IS DISINFO: A top Russian Security Council official said the U.S. and Britain were sowing deception by blaming a pro-Ukrainian group for carrying out the Nord Stream pipeline explosions last fall, describing the new allegations as an attempt by the West to “cover up” those truly responsible for the blasts.
The Times’ report was bolstered by German broadcast outlets and the print publication Die Zeit, which said the crew was believed to have rented a yacht from a Poland-based company to transport the explosives and place them at the crime scenes. Indian officials held a “detailed discussion” with the U.S. and G-7 nations on the sidelines of a recent G-20 meeting. Though it was unclear what the leaders discussed, sources told Bloomberg that Indian officials seemed “satisfied” with the dealings.
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