View this email in your browser ([link removed])
DAILY ENERGY NEWS | 04/02/2025
Subscribe Now ([link removed])


** The bureaucracy is trying to run out the clock on repealing the California waiver. Do not let them do it!
------------------------------------------------------------
Politico ([link removed]) (4/1/25) reports: "It’s been nearly two months since EPA Administrator Lee Zeldin sent a trio of California’s clean vehicle rules for Congressional Review Act consideration, and we’re still waiting for Congress to review, let alone act... If you’ve been keeping track of this saga, you know Congress has a 60-day window to use CRA once an agency opens up a rule for review. There are now just eight work days left for the Senate to act — and seven in the House — before lawmakers leave for the April recess and the door shuts on lawmakers’ opportunity to expediently fulfill President Donald Trump‘s Day 1 executive order to roll back California’s electric-vehicle-boosting policies that a dozen other states follow. Michael Buschbacher, an attorney representing industry opponents of the rules like the National Corn Growers Association and biofuel refiner ICM Inc., said the
wait-and-see is linked to the Senate, where Thune and Sen. Shelley Moore Capito (R-W.Va.) are waiting to hear from Senate Parliamentarian Elizabeth MacDonough on whether she believes CRA can be used to overturn EPA approval of waivers that allow California to enforce its rules. MacDonough’s opinion is one of two that could be weighing on lawmakers’ minds. The other is the Government Accountability Office’s, which issued an opinion last month declaring that the waivers aren’t federal rules subject to CRA, contrary to Republicans’ stance that they are because other states can adopt them without further EPA approval."
[link removed]


** “In the near term, more than half the electricity powering data centers must come from dispatchable sources. Otherwise, the air conditioning will shut off, the servers will overheat, and the data centers will shut down.”
------------------------------------------------------------


– L ([link removed]) arry Fink, BlackRock ([link removed])

============================================================

The value proposition of carbon credit markets was always aspirational.

** Bloomberg ([link removed])
(3/31/25) reports: "Climate startup Aspiration Partners Inc., which boasted a roster of celebrity backers and arranged carbon credits for Meta Platforms Inc., Microsoft Corp. and other large companies, filed bankruptcy weeks after its co-founder was arrested on fraud charges. The bankruptcy was filed after co-founder Joseph Sanberg was charged by federal prosecutors with conspiring to defraud two investor funds of at least $145 million, according to a US Department of Justice announcement earlier this month. The charges involve his personal conduct and don’t implicate CTN or its affiliates 'in any criminal activity,' said Staglik, a managing director at CR3 Partners that’s been hired as CTN’s restructuring adviser."

Energy developers are solving the world's poverty problems.

** RealClearEnergy ([link removed])
(4/1/25) op-ed: "Nations once relegated to the margins of economic discourse are now sprinting toward prosperity, their trajectories propelled by a single, unifying force: energy. Energy is indispensable. From the huge AI data centers in the U.S. to the mega-scale manufacturing factories in China, affordable and dependable energy supplies make all the difference between living and thriving. Access to domestic energy resources – or the ability to secure imports – unlocks a cascade of opportunity: Jobs multiply, infrastructure rises, and governments gain the fiscal muscle to invest in their people. Oil and gas, derided by climate elites as relics of a bygone era, are proving instead to be the engines of a new dawn. A cohort of nations is charting a radically different course fueled by the unyielding pragmatism of hydrocarbon exploitation... Energy poverty, not climate change, remains the immediate threat to these regions and continues to plague the future of millions of Africans and South
Americans. Solar panels and windmills cannot power steel mills, factories or cities."

Another green slush fund exposed.

** The Empowerment Alliance ([link removed])
(3/24/25) blog: "There has long been a problem with the way taxpayer dollars are handed out to support renewable energy endeavors. It is almost as if because of the warm and fuzzy packaging wrapped around 'green energy' by activists and politicians that the rules for renewable energy are made up and the money doesn’t matter. U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin has terminated several grants given under the Greenhouse Gas Reduction Fund (GGRF) 'based on substantial concerns regarding … program integrity, the award process, programmatic fraud, waste, and abuse, and misalignment with agency’s priorities, which collectively undermine the fundamental goals and statutory objectives of the award.' Last week, a court stalled Zeldin’s efforts to stop the grants claiming they did not reach the level of actual fraud. The court did however leave the funds frozen as the case proceeds. Zeldin discovered that 'the Biden EPA parked tens of billions of taxpayer dollars at an
outside financial institution in a manner that deliberately reduced the ability of EPA to conduct proper oversight.'"

Energy Markets


WTI Crude Oil: ↓ $71.02
Natural Gas: ↑ $4.00
Gasoline: ↑ $3.24

Diesel: ↑ $3.63
Heating Oil: ↑ $229.26
Brent Crude Oil: ↓ $74.27
** US Rig Count ([link removed])
: ↑ 618



** Donate ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Unregulated Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Subscribe to The Plugged In Podcast ([link removed])
** Connect on Facebook ([link removed])
** Connect on Facebook ([link removed])
** Follow on X ([link removed])
** Follow on X ([link removed])
** Subscribe on YouTube ([link removed])
** Subscribe on YouTube ([link removed])
** Forward to a Friend ([link removed])
** Forward to a Friend ([link removed])
Our mailing address is:
** 1155 15th Street NW ([link removed])

** Suite 525 ([link removed])

** Washington, DC xxxxxx ([link removed])
Want to change how you receive these emails?
** update your preferences ([link removed])

** unsubscribe from this list ([link removed])