ENERGY IMPLICATIONS OF SPEAKER VOTE: The historic ouster of Kevin McCarthy from his speakership sent shockwaves through Washington – but left a number of questions unanswered on how House Republicans plan to govern themselves. With a government spending deadline looming and several bills on the burner, the move to boot McCarthy is likely to affect every legislative corner until a new speaker is picked – and that includes energy.
The bill, dubbed “Unlocking Our Domestic LNG Potential Act,” would repeal certain restrictions on the import and export of natural gas under the Natural Gas Act, which include restrictions related to free trade agreements. The bill would also grant the Federal Energy Regulatory Commission the exclusive authority to approve or deny applications for liquified natural gas terminals to import or export natural gas.
But a lot has changed in the seven days since we’ve spoken with Johnson. Ben Keeler, Johnson’s communications director, said it’s unclear when the bill will be rescheduled for a vote. “Despite all attempts to deny, conceal, gloss over or relativize the issue, the signs of climate change are here and increasingly evident,” Francis writes in the new document, Laudate Deum.
“This month was, in my professional opinion as a climate scientist – absolutely gobsmackingly bananas,” climate scientist Zeke Hausfather tweeted. “This September would not have been out of place as a typical July this decade in terms of global temperatures.” OPEC+ production levels also remained unchanged, leaders announced following today’s Joint Ministerial Monitoring Committee meeting. “This voluntary cut decision will be reviewed next month to consider deepening the cut or increasing production,” Saudi Arabia said.
…MEANWHILE, RUSSIA WEIGHS LIFTING ITS DIESEL EXPORT BAN: Russia is also weighing a partial ending of its diesel export ban. Sources told the Russian news outlet Kommersant that a lift on the ban, which applies to diesel and gasoline exports, could be coming within “days” due to the country’s lack of internal storage facilities.
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