Biden to Ban More Offshore Oil Drilling Before Trump Arrives President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks...

Gift link to read more about the planned executive order: www.bloomberg.com/news/article...

Notably Trump used the same provision to block oil leasing in waters near Florida & the Southeast US while campaigning for reelection in 2020 (those designations are due to expire in 2032). Other presidents have used the authority: Dwight Eisenhower, George H.W. Bush, Bill Clinton & Barack Obama.

Though presidents have modified predecessors’ orders withdrawing areas from oil leasing, courts have never validated a complete reversal — and until Trump, no president had even attempted one. (A federal district court turned back Donald Trump’s attempt to revoke Obama-era withdrawals in 2019.)

Unlike executive orders and regulations that can be easily repealed, Biden’s declaration is set to be rooted in an obscure 72-year-old provision of federal law that gives presidents wide discretion to withdraw US waters from leasing (without explicitly authorizing them to undo those designations).

Biden to Block More Offshore Oil Drilling Before Trump Arrives President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections for sensitive marine a...

Scoop: President Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House.

www.bloomberg.com/news/article... #climate #oil

Biden Mulls Tariff Break for Solar Modules From Mexico The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.

Exclusive by @jendlouhy.bsky.social:

Biden is mulling exempting Mexico from tariffs on imported solar, a last-minute change that would primarily benefit Maxeon Solar, a Singapore-based manufacturer majority-owned by China’s TCL Zhonghuan Renewable Energy Technology www.bloomberg.com/news/article...

Inside the Frantic Maneuvers That Saved COP29 Talks at a Cost Two weeks of difficult negotiations came to the brink of failure before settling on a $300 billion deal that flashes warnings for the future of climate diplomacy.

Tough climate talks came to the brink of failure before reaching a $300 billion deal. It was messy. Few left happy. Yet it validates the current system of climate diplomacy still can nudge progress on a global scale. www.bloomberg.com/news/feature... @johnainger.bsky.social @akshatrathi.bsky.social

COP29 Deal in View as Key Nations Agree Outline, Negotiators Say COP29 appeared set for a last-ditch deal as key negotiators agreed to a broad blueprint on climate finance, pulling the United Nations talks in Azerbaijan back from the brink of collapse.

Back from the brink: After a chaotic day of COP29 talks marked by finger-pointing & frustration, key factions homed in on a possible deal to deliver billions of dollars for poor nations confronting climate change: www.bloomberg.com/news/article... w/ @akshatrathi.bsky.social @johnainger.bsky.social

COP29 Divided on Finance Deal as Climate Talks Reach Endgame A draft COP29 deal to scale up international climate finance to at least $1 trillion angered delegates on all sides over a lack of detail about where the money would come from.

We're one day away from scheduled end of #COP29. The mood can be summed up as "anger". New text drafts have made seemingly no one happy. www.bloomberg.com/news/article... Story with @johnainger.bsky.social & @jendlouhy.bsky.social.

Mexico Makes Net Zero Climate Vow in Nudge to Other Nations Mexico is working to have a net zero economy by 2050, marking a fresh bid by the country to more aggressively confront climate change under a new president that has prioritized the issue.

Mexico will pursue a net-zero economy by 2050 — part of a commitment outlined at COP29 alongside the EU, Canada and other countries seen prodding the world’s biggest emitters to boost their own climate ambition.

www.bloomberg.com/news/article...

Europe and US Push for Oil Funding Curbs Deal to Outlast Trump The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects, weeks before President-elect Donald Trump moves i...

The EU, US & other nations are making a last-ditch push to throttle tens of billions of dollars in annual support for foreign oil & gas projects - a multilateral finance ban some say would be "Trump-proof." They're confronting opposition from South Korea & Turkey. www.bloomberg.com/news/article...

Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.

Biden's energy secretary, Jennifer Granholm, said it's up to the incoming Trump administration to implement the forthcoming LNG exports report, a signal there won't be license approvals or denials before Inauguration Day. www.bloomberg.com/news/article... #COP29 #LNG