Mixed Reaction from Natural Gas, Oil Industry as $2T Biden Infrastructure Plan Targets Decarbonization, Taxes
President Biden’s $2.25 trillion American Jobs Plan has generated mixed reactions from the fossil energy industry, as Biden is asking Congress to raise corporate taxes in order to accelerate the clean energy transition.
The jobs and infrastructure package underscores the “whole-of-government” approach Biden is taking toward climate and energy policy, a shift from previous administrations.
Natural gas and oil industry groups praised the plan’s objectives, such as the expansion of incentives for capturing and storing carbon dioxide (CO2), but said the administration should be clearer about how hydrocarbons fit into Biden’s “Build Back Better” mandate for infrastructure and the economy.
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US discusses energy transition with Saudi Arabia
Apr 1, 2021 3:09:pm
Summary
by: Daniel Graeber
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US discusses energy transition with Saudi Arabia
On the eve of a pivotal meeting among OPEC and its allies, US energy secretary Jennifer Granholm said March 31 she had a “productive call” with her Saudi counterpart on the energy transition.
Granholm said she spoke by phone with Abdulaziz bin Salman, the Saudi energy minister, to discuss international cooperation on affordable and reliable energy sources.
“We also discussed closer collaboration to solve common challenges and develop renewable energy sources, increase efficiency, reduce methane in oil and gas production, and develop clean forms of hydrogen to combat climate change,” she said in a social media post.
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