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DAILY ENERGY NEWS | 11/04/2025
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** 10 years of Europe destroying its own economy, and nothing to show for it.
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Oil Price ([link removed]) (11/3/25) reports: "Ten years after the landmark Paris Agreement to pursue net-zero emissions by 2050, the world faces a slowing transition to clean energy despite record-breaking renewable capacity installations. Much has changed in the energy systems in the decade since the Paris Agreement was signed in 2015...Some things have remained constant. One is China’s undisputed leadership in clean energy investment and installations, and cheaper domestically-manufactured equipment...The other constant is the EU’s unwavering insistence on decarbonizing to achieve net-zero emissions across its economies by 2050, despite soaring costs and growing political resistance to intermediate targets and warnings from trade partners that the burdensome EU climate directives on emissions and carbon prices could undermine its energy supply...Ahead of COP30, the International Renewable Energy
Agency (IRENA), the COP30 Brazilian Presidency, and the Global Renewables Alliance (GRA) said in an October report that the world is falling behind on its renewable energy and efficiency goals despite record progress last year."
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** "If carbon tax proponents truly believe in their cause, they should make their case before Congress. But they won’t. Even the most left-wing members know that voting for a new carbon tax would be political suicide. So instead, they’re counting on sympathetic courts to do their dirty work. And they’re counting on the public not to notice before it’s too late."
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– Larry Behrens, Power The Future ([link removed])
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Big Green, Inc. is a big money laundering scam?
** The Guardian ([link removed])
(11/3/25) reports: "Less than 3% of international aid to slash carbon emissions is supporting a 'just transition' for workers and communities away from polluting industries, according to a new report. Released one week before the start of major United Nations climate negotiations in Belém, Brazil, the analysis from the climate and development non-profit ActionAid warns that the world’s response to the climate crisis risks deepening inequality rather than addressing it. It also reveals a 'hidden reason that we’ve not seen climate action at scale,' said Teresa Anderson, the organization’s global climate justice lead. 'People are apparently being forced to choose between a safe job and a secure job and a safe planet,' she said. 'These projects aren’t doing nearly enough to reassure people that they don’t have to make that choice.' The report authors analyzed publicly available information on every approved carbon mitigation-focused project being financed by the world’s two major multilateral
climate funds: 178 from the UN-backed Green Climate Fund, and 466 from the Climate Investment Funds, which were established by the World Bank and regional development banks."
The American public was saved from historic levels of graft and corruption thanks to the ineptitude of the autopen admin and the efficacy of Team Trump.
** Politico ([link removed])
(11/4/25) reports: "President Joe Biden’s agencies allowed bureaucracy, indecision and fear of repeating past mistakes to undermine their efforts to bankroll a historic green energy revolution, former administration officials wrote in a newly prepared autopsy of the ex-president’s energy agenda. Memories of Solyndra, a solar manufacturer whose 2011 collapse stirred political headaches for the Obama administration, also fed the Biden officials’ risk-aversion, the report concluded. The document, shared first with POLITICO, said that even as administration officials worked to commit hundreds of billions of dollars to build battery plants, solar farms, electric vehicle factories and other clean energy projects, they underestimated how aggressively the incoming Trump team would seek to undo their programs. The slow rollout also made it harder for Biden’s programs to withstand those attacks, they signaled...'By the end of the [Biden] administration, many programs were starting to hit their
stride. But with so much progress undone under the new Trump administration,' the report said, interviewees 'voiced disappointment that their work has proven less durable than they expected.'"
California can't enforce its draconian CO2 regulations on trucks.
** Freight Waves ([link removed])
(11/3/25) reports: "A preliminary injunction stopping the California Air Resources Board (CARB) from enforcing the Clean Truck Partnership (CTP) against OEMs was handed down Friday by a federal judge in that state. After first rejecting several of the OEMs’ arguments for the injunction in her decision, Judge Dena Coggins of the U.S. District Court for California’s Eastern District said it was a suit filed last week by CARB in a state court, seeking OEM compliance with the CTP, that pushed the court to approve blocking enforcement. The CTP was a deal signed by CARB and a group of OEMs in 2023 that contained two key components. First, CARB would ease up on certain regulations on heavy-duty trucks, particularly the Omnibus Nitrogen Oxide (NOx) rule that would have set a California standard on NOx emissions stricter–and earlier–than the California requirement. Second, by signing the deal, the OEMs agreed to not contest in court several California rules that were affecting them, including the
NOx rule and the Advanced Clean Truck (ACT) rule, which set various goals and requirements aimed at moving to a zero emission vehicle fleet of heavy duty vehicles over the next roughly 20 years. The CTP deal assumed the ACT would be in existence. But Congress earlier this year, acting on a petition from the Environmental Protection Agency (EPA), withdrew the waivers that allowed the ACT, NOx rule and other California transportation-related waivers from going into effect."
Energy Markets
WTI Crude Oil: ↓ $60.62
Natural Gas: ↓ $4.21
Gasoline: ↑ $3.05
Diesel: ↓ $3.69
Heating Oil: ↑ $241.45
Brent Crude Oil: ↓ $64.48
** US Rig Count ([link removed])
: ↓ 569
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