Daily on Energy: Comer takes aim at UN Net-Zero Insurance Alliance over ESG

EXCLUSIVE: The head of the House Oversight Committee is seeking information and briefings from the United Nations over its Net-Zero Insurance Alliance, citing concerns over ESG requirements and probing whether companies have made climate commitments that could harm U.S. taxpayers and violate antitrust law.

“As such, U.S. tax dollars sent to the UN supporting NZIA and other climate-related measures could harm U.S. business and financial institutions and risk violating federal and state laws,” he added. But as Comer noted, exiting NZIA does not release former members from its Principles for Sustainable Insurance—or PSI—commitments made upon joining.

During a panel discussion hosted by Resources for the Future yesterday, groups within the hydrogen space advocated for what they believe should be the guardrails set in place to best support the emerging industry while cutting carbon emissions. But at the core of the debate was how strict the Treasury department should be with its requirements for companies to qualify for the credit itself, and how the emissions accounting system the Treasury is tasked with designing should look like.

“There very well may be higher emissions at the front end of this, but when you know that the overall goal is we want to have an economy in place that can drive emissions down, especially in these hard to abate sectors, that’s what we need to be focused on,” Durbin said. “So we really believe it’s critical that we have flexible credit rules that will help to grow the demand for hydrogen sooner.”

ANOTHER SAFETY PROBLEM WITH TESLA: The National Highway Traffic Safety Administration is looking into a dozen complaints about the loss of steering control or loss of power steering within Tesla vehicles. PHOENIX ENDS 31-DAY HEAT STREAK—BARELY: Phoenix temperatures did not reach or exceed 110 degrees yesterday for the first time since June, ending a record-breaking 31-day streak of blistering-hot temperatures in the central Arizona town.

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