Biden faces internal split over funding oil and gas projects overseas

$DOE is spending its loan money — slowly: The Energy Department’s Loan Programs Office has only spent a fraction of the $200 billion pot it could use to fund ambitious new energy projects. POLITICO’s Kelsey Tamborrino breaks down why DOE’s LPO is moving slowly and what would happen to the remaining money under a second potential Donald Trump presidency. Plus, Maryland Gov. Wes Moore says the Port of Baltimore could be fully functional by the end of May. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Kelsey Tamborrino is a reporter covering clean energy for POLITICO. Catherine Morehouse is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is a senior audio producer-host at$

The rising threats to America’s power grid: The U.S. power grid is facing growing domestic and international threats, and U.S. regulators say the risks are likely to climb as the 2024 election season ramps up. POLITICO’s Catherine Morehouse breaks down the latest warning from the nation's grid reliability authority. Plus, the 4.8 magnitude earthquake that hit parts of the East Coast on Friday seemingly did not damage any major power grid infrastructure. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is a senior audio producer-host at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITI by POLITICO Energy

9 min listen

DOE’s about-face on power transformers: The Energy Department is dramatically walking back new energy efficiency standards for distribution transformers – a move that highlights how the Biden administration is trying to balance its climate agenda and concerns from lawmakers, industry groups, and pro-union allies in an election year. POLITICO’s James Bikales breaks down why DOE is scaling down the rule and how Biden’s climate agenda is walking a tightrope. Plus, the European Union says carbon dioxide emissions from power plants and industrial sites dropped a record 15.5 percent last year. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO. James Bikales is the host o by POLITICO Energy

9 min listen

The official behind EPA’s $20 billion climate program on why it’ll work: The Environmental Protection Agency announced this morning it will distribute $20 billion to eight groups through the Greenhouse Gas Reduction Fund, a major climate initiative under the Inflation Reduction Act that aims to spur clean energy in places long overlooked across the country at a time when the U.S. is struggling to meet President Joe Biden’s climate goals. POLITICO’s Zack Colman discusses the details of the announcement and the fund’s overall goals with Jahi Wise, the acting director of the initiative at EPA. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Jahi Wise is the acting director of the Office of the Greenhouse Gas Reduction by POLITICO Energy

15 min listen

Biden’s climate ambitions are clashing with his export agency: The Export-Import Bank of the United States is considering pouring billions of dollars into two massive foreign gas projects, which could put the independent federal agency at odds with the Biden administration’s climate agenda and pledge to transition off fossil fuels. POLITICO’s Zack Colman breaks down how Biden officials are responding and the awkward reality they face with independent federal agencies. Plus, a second federal judge has ruled that the Transportation Department overstepped when it issued a rule requiring states to measure on-road greenhouse gas emissions and set reduction targets. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine by POLITICO Energy

9 min listen

Why activists hate Biden’s plan to restart a Michigan nuclear plant: The Biden administration is pushing to revive a shuttered nuclear power plant in Michigan, but environmental justice and anti-nuclear activists are rejecting the president’s pitch. POLITICO’s Catherine Morehouse and Kelsey Tamborrino break down the tricky politics of restarting the Palisades nuclear plant. Plus, the Biden administration is handing out $4 billion to help spur domestic manufacturing of clean energy components and cut industrial emissions. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO. Kelsey Tamborrino is a reporter covering clean energy for POLITICO. Nirmal Mulaikal is a POLITI by POLITICO Energy

10 min listen

Is America’s power grid ready for the tech boom?: Electricity demand in the United States is projected to skyrocket over the next decade, partly because of the rising power needs of data centers and electric vehicles. That poses big challenges for the power grid. Today, host Catherine Morehouse sits down with Rob Gramlich, founder and president of consulting firm Grid Strategies, to discuss whether the grid can handle this surge in power demand — and what happens if it can’t. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is a senior audio producer-host at POLITICO. by POLITICO Energy

16 min listen