Daily on Energy: Lawler and Slotkin look to get more farmers paid for reducing emissions

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According to an analysis from activist organization Environmental Working Group, total EQIP payments to farmers between 2017 and 2020 totaled more than $3.6 billion – but only 23% of payments went toward mitigating climate change. The offices cited this study in a fact sheet to explain that an expansion of the EQIP program would aid farmers in reducing agriculture-related emissions, and help the U.S. reach its climate goals by 2050.

Possible add to the farm bill? The bill could be an add to the 2023 farm bill – a once-every-five-years package of farm and food provisions that touches on everything from subsidies for farmers to nutrition programs for low-income families.

The two sanctioned companies are Lumber Marine, a UAE-based company that has continued to ferry Russian oil at prices at or above $75 per barrel, and the Turkish shipping company Ice Pearl Navigation, which is exporting Russian oil at prices above $80 per barrel. Under the terms of the agreement, Qatar will supply France with up to 3.5 million tonnes of the chilled gas annually from 2026 to 2053. That’s the Gulf state’s longest-ever deal struck with a European buyer, according to the Financial Times.

Major utility providers in Germany, which relied most heavily on Russian natural gas prior to its war in Ukraine, also recently struck a deal with Qatar to import 2 million tonnes of LNG annually, though for a comparably shorter period of 15 years. One caveat: The IEA noted a “sharp escalation in geopolitical risk” to oil supplies due to the Israel-Hamas war. It said that while supplies in the Middle East have not yet been affected, markets will “remain on tenterhooks” as the crisis continues. “The Middle East conflict is fraught with uncertainty and events are fast developing,” the IEA said in its report.

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