Daily on Energy ⚡— RepRubenGallego tries to cook with heat in Arizona
ARIZONA SENATE RACE SIZZLIN’ OVER HEAT: The Arizona Senate race is heating up – literally and figuratively.
Gallego is also pairing up with some surprising characters in the efforts to fight heat. Sen. Kyrsten Sinema, an independent whose seat Gallego is aiming for, also reintroduced the Heat Illness and Death Acts over on the Senate side, along with Democratic Sens. Ed Markey of Massachusetts and Alex Padilla of California. And he’s teaming up with his ex-wife – Phoenix Mayor Kate Gallego – to push for extreme heat to be listed as a declared disaster on FEMA’s list.
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…Meanwhile, OPEC+ announced it will keep production unchanged: Leaders from the group said today that they have decided to hold output steady at current levels, a decision they agreed to after voluntary production cuts from Saudi Arabia and Russia pushed prices higher. BLM is also proposing to ban oil and gas industry access to lands with “no-known,” or “low or medium” potential for oil drilling, or acres that are otherwise valuable for conservation, wildlife, or wilderness purposes.
DOE LOWERS PROJECTED SAVINGS FROM PROPOSED GAS STOVE RULE: The Biden administration lowered its estimate for how much consumers will save under its gas stove energy efficiency rule this week by 30%, sparking criticism from industry voices. Rep. Pat Fallon , said the gas stove rule"presents alarming violations" of the law and of expert witnesses who testified earlier this year before the committee, adding that the rule overall “is not a sincere attempt to improve efficiency.” And DOE is almost certain to face more of these accusations from House Republicans after they return from August recess.
Coal output in China surged by a whopping 9% last year to 4.5 billion tons—more than 50% of the world’s total—and continued to climb further this year to help offset a more than 22% reduction in hydropower generation in the first six months of 2023. Even those that are engaged with ESG – an estimated 55% of 181 terminal clients– are also reportedly pessimistic about the sector, even within having more skin in the game.
Last month, the world’s largest asset management launched a pilot program that offers choices to individual investors in their exchange traded fund – and would allow individual investors to select from different policies to decide how their share of the ETF will vote on the companies they own. House Minority Leader Hakeem Jeffries praised Cuellar in a statement as an “accomplished advocate for the people of South Texas,” and noted his “unwavering support” helping push key legislative priorities, including the Bipartisan Infrastructure Law and the Inflation Reduction Act, across the finish line in the chamber.
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