POLITICO Energy

President Joe Biden is facing a complicated Iranian dilemma in light of Hamas’ attacks on Israel: clamp down on Tehran to cut off its money from oil exports and potentially provoke a spike in global energy prices. Manuel Quiñones, the congress editor of POLITICO’s E&E News, breaks down the complicated factors behind Biden’s decision and potential consequences. Plus, the Environmental Protection Agency withdrew its new cybersecurity mandates for water utilities issued back in March citing litigation against the measures. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Manuel Quiñones is the congress editor for E&E News. Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

Electric cooperatives across the country are jumping at the chance to get billions of dollars under a new federal program that aims to bring more clean energy to rural America – a sign that some utilities in those communities, which have been among biggest coal users, are viewing wind and solar power more favorably despite the conservative backlash. POLITICO’s Catherine Morehouse breaks down why co-ops see this federal program as a game-changing opportunity. Plus, Stellantis announced it would build another massive joint venture battery plant with Samsung SDI in Kokomo, Indiana.  For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

The war between Israel and the Palestinian group Hamas poses a major geopolitical risk for the world’s energy markets and could send global fuel prices soaring if the conflict expands across the Middle East. POLITICO’s Matt Daily breaks down how the war could impact global energy and the Biden administration. Plus, Washington’s top trade official conceded that the United States and European Union may not meet their end-of-October deadline to reach a deal on green steel and aluminum.  For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

Former U.S. President Donald Trump and several conservative politicians in Europe are attacking the rise of electric vehicles and making it into an election issue. POLITICO’s James Bikales and Suzanne Lynch break down the politics of electric cars and why it’s an issue on both continents. Plus, the Biden administration unveiled new guidance aiming to help customers gain immediate access to federal tax credits for electric vehicles directly from car dealers.  For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Suzanne Lynch is POLITICO Europe’s Chief Brussels Correspondent, and the host of our EU Confidential podcast. James Bikales is the host of Morning Energy and a reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

In November, Republicans in Virginia have a shot at taking full control of the state legislature for the first time in a decade, and a GOP sweep could set the stage for a broader rollback of the state’s climate policies. POLITICO’s E&E news reporter Scott Waldman breaks down the climate stakes of the upcoming Virginia election, how it could set the tone for other state elections in 2024, and why it's grabbing the White House’s attention. Plus, the Biden administration says that Willie Phillips was holding the FERC chair in an "acting" capacity, contradicting a recent statement from the agency and a document signed by President Joe Biden earlier this year. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Scott Waldman is the White House reporter for E&E News focused on climate change. Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

Three New England states reached an agreement Wednesday to coordinate on the development of offshore wind at a time when some companies are trying to renegotiate or even cancel their wind contracts along the Atlantic Coast. POLITICO’s Kelsey Tamborrino breaks down the details of this agreement, why it’s coming now, and the broader concerns within the offshore wind industry. Plus, a new government report shows that U.S. gasoline demand dropped sharply last week, offering some political breathing space for President Joe Biden on the economy. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Kelsey Tamborrino is a reporter covering clean energy.Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

Democratic Senator Laphonza Butler of California is replacing the late Sen. Dianne Feinstein, and she’s a mostly unknown quantity to climate change and environmental advocates. POLITICO’s E&E News reporter Timothy Cama breaks down Butler’s limited track record on green issues, how environmentalists are reacting to her, and what this means for California as it aims to be the nation’s green leader. Plus, the White House says President Joe Biden will veto House Republicans' spending bill for energy and water programs should it reach his desk. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Timothy Cama covers politics and lobbying for E&E News.Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

Several Democratic governors are urging President Joe Biden to offer more subsidies through the Inflation Reduction Act to help vulnerable offshore wind projects across the Northeast – a sign that state leaders in the president’s party are willing to publicly push their clean energy woes onto the White House. POLITICO’s Ry Rivard breaks down the governors’ request, why they are going public, and what the Biden administration can do about it. Plus, House Republicans are eyeing deeper spending cuts in their legislation to fund EPA, along with the Interior and Energy departments. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Ry Rivard covers energy, the environment and transportation in New Jersey for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Biden administration announced Friday that it is planning to hold the lowest number of auctions in the offshore lease program’s history over the next several years – a move that drew pushback from industry, environmental advocates, and lawmakers on both sides of the aisle. POLITICO’s Ben Lefebvre breaks down the plan’s details and significance, along with the expected criticisms. Plus, Congress narrowly avoided a government shutdown over the weekend, escaping an outcome that would have shuttered most of the nation’s national parks, hindered federal disaster relief and disrupted critical climate and energy regulations across key agencies.  For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Ben Lefebvre is an energy reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Kara Tabor is an audio producer for POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices

For 18 months, the Securities and Exchange Commission has been weighing how to finalize its climate risk disclosure rule. California may have just helped clear the path for the Wall Street regulator with its own landmark legislation. But it’s not clear whether the SEC will follow California's lead or go its own way. POLITICO’s Jordan Wolman breaks down how California’s legislation could impact the SEC’s rulemaking process. Plus, Senator Joe Manchin (D-W.Va.) said he is preparing legal action against the Biden administration’s interpretation of which electric vehicles can qualify for lucrative incentives under the Inflation Reduction Act.  For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switchAnd for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.Jordan Wolman is a sustainability reporter for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Alex Keeney is a senior audio producer at POLITICO.Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices