• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 20 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 5 hours How Far Have We Really Gotten With Alternative Energy
  • 41 mins Bankruptcy in the Industry
Iraq Hopes to Expand Economic Relationship With the U.S.

Iraq Hopes to Expand Economic Relationship With the U.S.

Sudani wants to strengthen Baghdad’s…

ING Chief Economist Calls for Further Rate Cuts in China

ING Chief Economist Calls for Further Rate Cuts in China

China's consumer inflation was lower…

Biden Fails To Declare ‘Climate Emergency’, Vows To Use Executive Power

As anticipated, U.S. President Joe Biden refrained from declaring a climate emergency, which would grant him additional powers to deal with a national climate crisis, during his speech Wednesday at the site of a former coal plant in Massachusetts. 

Citing a staggering $145 billion in damages caused by extreme weather events just last year, and calling the climate crisis a “clear and present danger”, in a live stream, Biden told those gathered in Massachusetts that his administration would use its executive powers to tackle the impact of climate change.  

“My message today is this: Since Congress is not acting as it should [...] this is an emergency, and I will look at it that way. [...] As president I will use my executive powers to combat climate crisis in the absence of Congressional action,” Biden said. 

The U.S. president said that the administration would announce executive actions in the coming days, but this is unlikely to appease those who were holding out for a declaration of emergency. 

Noting that our national security is at stake, with extreme weather damaging military installations in the U.S., and with 100 million Americans currently under heat alert, Biden discussed his $2.3-billion pledge to help communities across the country to build infrastructure designed to withstand natural disasters we are seeing today. 

The administration's efforts are part of stated plans to move the U.S. power sector towards cleaner energy and less volatile price swings, as well as towards energy security that creates jobs, lowers costs and provides energy security. 

Congress and the Supreme Court have set up roadblocks to the administration’s agenda. The Biden administration’s $550-billion budget for climate initiatives faces strong opposition, and not only from Republicans. That budget is part of the “Build Back Better” legislation. 

Stiff opposition is coming in particular from Senator Joe Manchin, a conservative West Virginia Democrat who is reported to have received more money from the oil and gas industry in 2021 than any other member of Congress, according to NPR, citing the OpenSecrets tracking group. 


By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News