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DAILY ENERGY NEWS  | 01/08/2026
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America first, climate catastrophism last.


Newsmax (1/8/26) reports: "President Donald Trump said Wednesday that the United States will withdraw from the international agreement that has served as the foundation for global efforts to rein in climate change for 34 years. The pact includes every other nation in the world, making it one of the most widely adopted international frameworks still in force. In a social media post, the White House said Trump signed a memorandum directing the U.S. to exit 66 international organizations and treaties that 'no longer serve American interests.' The White House did not immediately release a full list of the organizations and agreements covered by the order, but highlighted the climate agreement as a major component. Trump and his advisers framed the withdrawal as part of a broader push to reclaim control of U.S. energy and economic policy and reduce what they view as outside constraints on domestic industry."

"The University of East Anglia’s Climatic Research Unit predicted 26 years ago that children won’t know what snow is. But it’s just been snowing at the University of East Anglia. Awkward…" 

 

– Lembit Öpik, UnprecedentedTV

Just a tiny overstatement.


Seattle Times (1/7/26) reports: "Projects funded by Washington’s Climate Commitment Act have not been nearly as effective at reducing greenhouse gas emissions as previously thought, state officials acknowledged this week. Officials with the state’s Department of Commerce overshot their own estimates by such a significant margin that on Tuesday they published a release about the error. The projects the department touted amounted to just under 4% of their original estimates. The overestimate is the result of a simple error, state officials said. But it comes at a particularly sensitive time. Influential opponents of the Climate Commitment Act have long called the policy ineffective and a way to build a slush fund. And Gov. Bob Ferguson, who supports the program, wants to shift a huge chunk of the money it has raised toward tax credits unrelated to climate issues... The Climate Commitment Act, which passed in 2021, requires the state’s top polluters to buy allowances in quarterly auctions for every ton of greenhouse gas they pump into the atmosphere. That money — more than $4.3 billion raised so far — is then set aside for a specific set of purposes, largely meant to transition Washington away from fossil fuels, cut emissions or help those most at risk of a warming planet."

Thanks for nothing, NEPA.


Washington Examiner (1/7/26) reports: "The Trump administration has finalized its plans to roll back decades worth of rules and regulations implementing the National Environmental Policy Act, in the latest effort to accelerate federal approvals for energy and infrastructure growth. On Wednesday, the Council on Environmental Quality issued a final rule affirming the removal of the agency’s removal of all existing regulations under the bedrock environmental law. 'In this Administration, NEPA’s regulatory reign of terror has ended,' Council on Environmental Quality Chairman Katherine Scarlett said in a statement. 'Thanks to President Trump’s leadership, CEQ acted early to slash needless layering of bureaucratic burden and restore common sense to the environmental review and permitting process.' For more than 50 years, NEPA has required federal agencies to study the environmental effects of infrastructure projects, including transmission lines, highways, pipelines, and more — all of which require federal permits. Supporters of the law argue that NEPA is crucial in preventing the endangerment of public lands and wildlife, as well as in mitigating climate change. Meanwhile, critics, both Republican and Democratic, argue that the law contributes to slower domestic infrastructure development, increased costs, and, in some cases, extensive litigation."

Energy Markets

 
WTI Crude Oil: ↑ $57.06
Natural Gas: ↓ $3.46
Gasoline: ↑ $2.82
Diesel: ↑ $3.54
Heating Oil: ↑ $209.17
Brent Crude Oil: ↑ $61.16
US Rig Count: ↑ 577

 
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