Daily on Energy ⚡— -Senate votes to ban SPR sales to China -Gulf of Mexico wind sale announced -JohnKerry talks China trip
SENATE APPROVES LEGISLATION BANNING SPR SALES TO CHINA: The Senate voted today to bar China from purchasing oil from the Strategic Petroleum Reserve, in an effort to protect the U.S. emergency stockpile after it was drained to a 40-year low.
Sen. Chris Murphy of Connecticut, who opposed the bill, noted that while the U.S. currently sells roughly 83 million barrels per year of oil to China, less than 2% of that oil was SPR oil. “This amendment claims to solve a problem while mainly having the result of padding and protecting oil industry profits,” he said this afternoon in floor remarks.
The ADVANCE Act, introduced earlier this year by Sens. Shelley Moore Capito, Thomas Carper, and Sheldon Whitehouse, seeks to prioritize U.S. nuclear power development and deployment, including by empowering the NRC to develop regulations for advanced nuclear reactors, reducing regulatory costs for companies to license advanced nuclear reactor technologies, and strengthening the U.S. nuclear fuel cycle and supply chain infrastructure. Full text of the bill can be found here.
Interior Secretary Deb Haaland said that “by catalyzing the offshore wind energy potential of the Gulf of Mexico, we can tackle the climate crisis, lower energy costs for families and create good-paying jobs.” "I believe Biden when he says that green energy jobs will be union, the question is just how many jobs will there be," Eiding said.
And despite top Chinese officials stressing on multiple occasions this week that their climate policies will not be determined by others, Kerry said Beijing had in fact planned further negotiations with the U.S. ahead of the COP28 summit, which begins November 29.
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