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Biden warns Russia about the impact of its energy ban
As part of his response to the Russian President, President Biden announced Tuesday that U.S. will prohibit Russian oil, natural gas, and coal imports. Vladimir Putin
Vladimir Vladimirovich PutinOvernight Defence & National Security More troops sent to Europe amid crisis on The Money Biden faces pressure for Russian oil ban Gas prices rise as support grows for a Russian oil banUkraine’s invasion.
The main artery of Russia’s economy is being targeted by the United States. Biden stated that the United States was banning all Russian oil, gas and energy imports in remarks made from the Roosevelt Room.
This means that Russian oil will not be accepted at U.S. port ports and that the American people will deal another blow against Putin’s war machine, he said.
According to a White House fact sheet, Biden signed an executive decree banning Russian energy imports and prohibiting new U.S. investments in Russia’s energy sector. The White House stated that the order will also ban Americans from financing or enabling foreign firms to invest in Russian energy production.
Okay, let’s talk about energy prices:Although the White House was reluctant to ban imports because gas prices have soared significantly, there has been an increase in calls from both sides to ban Russian oil as a punishment for Moscow’s invasion.
Biden noted Tuesday that the effort would likely increase U.S. costs, and that prices will “go higher.”
This is a step taken to further hurt Putin. But there will be costs here in America as well, he stated, noting that he would do everything possible to minimize the impact.
He reiterated his previous comments that such actions are part of the cost to defend freedom.
From the beginning, I promised to be fair with the American people. That was also the first time I spoke to them.ThisHe said that defending freedoms would also cost us.
Both Republicans and Democrats know this. Biden said that Republicans and Democrats have both made it clear that they must do so.
The mechanicsReporters were told by a senior administration official that the ban on new Russian energy purchases would be effective immediately, but that there would be a 45-day wind down period during which existing purchases can be delivered.
You can read more about Biden’s plan to ban oil imports from here.
WHAT’S HAPPENING IN EUROPE
The European Union plans to reduce its dependence on Russian natural gas by 2/3 this year and get rid of all Russian fossil fuels by the end the decade.
The European Commission, an executive branch of the EU, stated in a statement, that the EU was trying to move away Russian natural gases in response to Ukraine’s invasion.
It outlined several steps it believed would reduce its dependence on Russia’s natural gas. These included working with international partners to diversify their natural gas supply, speeding permitting for renewable energy projects, adding solar panels to homes and buildings, and speeding up the approval process for renewable energy projects.
It would also double its 2030 goal to produce gas from agricultural waste and create an accelerator of hydrogen energy.
We must get away from Russian oil, coal, and gas. Ursula von der Leyen (President of the European Commission) stated in a statement that we cannot rely upon a supplier who explicitly threatens to harm us.
The United Kingdom also stated that it would work to eliminate Russian oil imports by year’s end.
Volodymyr Zelensky (Ukraine President) applauded Biden for breaking with Putin’s war machine and banning oil gas and coal from the U.S. Market and urged other countries follow his lead.
Find out more about the EUs Plan hereThe UK’s action here from The HillsOlafimihanOshin.
BIDEN GOES ON DEFENSE
Tuesday’s announcement by the U.S. that it would no longer allow Russian oil imports was a response to criticisms from Republicans.
Biden spoke out about Russian oil imports. He claimed that his administration’s policies do not limit domestic energy production. Biden insists that the U.S. should invest in clean energy so Americans don’t have to be dependent on gas prices.
“It’s simply not true that my government or policies are holding back our domestic energy production. Biden stated that this is simply not true. “Even in the midst of the pandemics, American companies pumped more oil in my first year of office than they did in my predecessor’s first year.”
Officials at the White House have used the comparison between Biden’s first years in office and the Trump administration’s first years in office to argue that they have not capped oil production. However, production was higher in 2019 than it was before the coronavirus pandemic.
Biden also pointed out that 90 percent onshore oil production in America happens on land that is not owned by the federal governments. He also pointed to the thousands of acres that oil companies have leased to drill on which they are not using.
You can read more from The Hills Brett Samuels.
One nominee is still up, other candidates are moving forward
Chairperson, Senate Energy and Commerce Committee Joe Manchin
Joe ManchinGas Prices Rise as Support for Russian Oil Ban Grows Putin’s Attacks on Civilians Raise Pressure on NATO and USA This Week: Congress Races to Shut Down the Clock amid Ukraine Crisis MORE(D.W.Va.), a key Biden Interior department nominee, has delayed her nomination after holding a rare hearing for her. She cited the ongoing energy crisis that was sparked by Russia’s invasion Ukraine.
Sam Runyon, Manchin spokesperson, confirmed to The Hill Tuesday Laura Daniel-DavisThe committee would vote on Tuesday not to include President Bidens’ choice for assistant Interior secretary for land- and mineral management.
Runyon made the following statement to The Hill: “We continue to watch energy being used by Vladimir Putin as a weapon in war.”
Ms. Daniel Davis was nominated to oversee federal leasing programs. Senator Manchin wants to know more about the Department’s plans to get back into the business of producing federal lands and waters, as well as the Department’s commitment to being responsible and reliable.
The committee had previously been in deadlock over a party line vote on Daniel Davis in 2021. Manchin voted in her favor at the time.
Learn more.
IN OTHER NOMINEE NEWS
On Tuesday, President Biden was officially nominated Joseph GoffmanGoffman will lead the EPA’s air office, a position he has held informally since the beginning of the administration. Goffman was previously employed in the Obama administration. He is expected to face opposition by Republicans.
Biden was also nominated Evelyn WangDavid Applegate to lead U.S. Geological Survey.
Then there’s theSenate Energy and Natural Resources Committee recommended the nominationsOfShalandaBakerTo direct the Energy Departments of Energy (DOEs) Office of Minority EconomicImpact,AsmeretAsefawBerheto lead DOEs Office of Science JosephDeCarolisTo lead theEnergy Information Administration.
WHAT WE’RE READING
- WhoKilledtheElectric Mail Truck (VICE)
- Germany vetoes nuclear extension, plans for LNG terminal 2024 (Reuters)
- A pilot program in California allows GM electric cars to power homes (CNBC)
ICYMI
Finally, something a little offbeat and unorthodox:Life is like art
This is it for today. Thanks for reading. Check out The Hills Energy & Environment PageFor the most recent news and coverage. We hope to see you again tomorrow.
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