Domestic Energy Production News

politics1 month ago•2 min saved

Trump Turns to Defense Production Act to Accelerate US Energy Push

Trump says he will use the Defense Production Act, a Cold War–era authority, to bolster domestic oil production and electricity by enabling federal support, purchases, and financing for energy projects. The memos cover oil refining, coal-fired power, natural gas pipelines, and grid upgrades, aiming to counter bottlenecks and supply-chain constraints and to strengthen energy security, though direct impacts on projects remain unclear.

via Axios|

#defense-production-act #domestic-energy-production #energy-policy

politics2 years ago•4 min saved

House Approves Significant EPA Budget Cut, Boosts Domestic Energy Production

The House has passed an appropriations bill that would significantly reduce the budget of the Environmental Protection Agency (EPA) and promote energy and mineral production on public lands. The bill, which faces a potential veto from the White House, would cut EPA funding by 39% compared to the previous year, returning it to 1990s levels. It also includes provisions to repeal certain EPA actions, such as the Waters of the United States rule, and restricts the agency from imposing greenhouse gas emissions reporting and permitting requirements for livestock emissions. The bill also provides a reduced budget for the Department of the Interior (DOI) and its subagencies, with funding cuts for the Bureau of Land Management, Fish and Wildlife Service, and National Park Service. It aims to increase oil and gas lease sales, critical mineral production, and limit the use of the Endangered Species Act to restrict resource extraction on public lands.

via Fox News|

#appropriations-bill #department-of-the-interior #domestic-energy-production