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The obscure, unelected Senate official whose rulings can help – or kill – a bill s chance to pass
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RBC adds $500-billion to funds earmarked for net-zero carbon goal
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OBSERVATIONS FROM THE ANTHROPOCENE: A tale of two visions
Andrew Koenigsberg Washington Post caught my eye because they indicate diametrically opposed visions of the future:
“As Biden vows monumental action on climate change, a fight with the fossil fuel industry has only begun.”
“General Motors to eliminate gasoline and diesel light-duty cars and SUVs by 2035.”
It’s hard to discuss the implications of these headlines without looking at the numbers, but it’s what you have to do to understand what’s going on.
The oil industry is pissed off because the Biden Administration froze petroleum exploration leasing on federal lands and waters. I think it’s much ado about nothing, because the industry is not using 53% of the onshore and 77% of the offshore leases they already hold. Not only that, but the oil industry shunned the first auction of oil and gas development leases along the coastal plain of the Alaska National Wildlife refuge. Only half the parcels were sold,
December 30, 2020
If you’ve ever wanted to drill for oil in the Alaskan Arctic, this week could be your last, best chance: Bidding closes on Dec. 31 for a million acres worth of 10-year oil leases in the Alaska National Wildlife Refuge. The sale marks the fulfillment of a longstanding dream for the Trump administration and many Republicans in Congress, allowing drilling in the ecologically sensitive region for the first time.
There’s just one problem: Oil companies aren’t interested.
The number of bidders and their identities won’t be public until Jan. 6, when bids are opened by Interior Department officials. But so far, it looks like the only serious contender is the state of Alaska itself. Last week, the board of the state’s Industrial Development and Export Authority voted in favor of allowing the agency to spend up to $20 million on leases. The idea is not for the agency to drill there, but to hold on to the leases in the hope of subletting them out to drilling compa