Daily on Energy: Biden inks partnerships with Australia on clean energy, critical minerals, and climate

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E&C MARK-UP RESULTS: The Energy, Climate, and Grid Security subcommittee finished its mark-up this morning, reporting all 17 bills to the full committee with a number of measures passing by voice vote. We covered the list of bills in yesterday’s newsletter edition – read about it here. The guidelines would cover governance; policies, procedures, and limits; strategic planning; risk management; data, risk measurement, and reporting; and scenario analysis, according to the Fed.

A notable dissent: Two members of the Fed’s board of governors voted against publishing the principles for guidance. One, Christopher Waller, had in May outlined the case that climate change is real but does not pose a risk to the financial system. Former Speaker Kevin McCarthy, by contrast, created a task force in 2021 in an effort to create a GOP policy on climate change. Read more on that here.

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