WHAT’S HAPPENING TODAY:
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WHAT → happen → ?
Today also marks a very special day: the official start of Fat Bear Week.
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Today → mark → Week
If you’ve been reading Daily on Energy the last couple years, you’ll know this is a favorite week for Callie and Maydeen, when the chonkiest bears go head-to-head for the heavyweight crown.
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bears → read → crown
Over the next seven days you’ll be able to cast your vote for fattest bear of the year.
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you → cast → year
We’re kicking off today’s newsletter with news on the latest pushback against the Trump administration’s cancellation of offshore wind leases, as California has filed a lawsuit against the administration and energy developer Invenergy.
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California → kick → administration
Plus, if you missed President Donald Trump’s address to the United Nations earlier today, we have some of his most notable remarks below, including the president’s push to economically isolate Iran.
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we → miss → Iran
If a friend sent this to you and you’d like to sign up, click here.
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you → send → you
If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
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we → sign → list
CALIFORNIA SUES OVER OFFSHORE WIND CANCELLATION:
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CALIFORNIA → sue → CANCELLATION
The Trump administration’s creative, and so far successful, tactic of using buyouts to stop offshore wind farms from being built is facing another state-led lawsuit.
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tactic → use → lawsuit
The state of California said today that it had filed a suit against the Trump administration over a deal struck with developer Invenergy earlier this summer to cancel an offshore wind project off its coastline, in exchange for millions of dollars and a promise to invest in fossil fuels elsewhere.
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it → say → fuels
In June, Interior announced that it struck a settlement agreement with affiliates of Invenergy to terminate four offshore wind leases in the New York Bight, the Central Coast of California, and the Gulf of Maine.
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it → announce → Maine
For the California project, Invenergy paid over $111 million to purchase the offshore lease in 2022, with the intention of developing up to two gigawatts of wind power capacity.
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Invenergy → pay → capacity
Attorney General Rob Bonta and the California Energy Commission filed the suit, calling the deal an “unlawful buyout.”
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Bonta → file → deal
They have also named Invenergy as a defendant.
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They → name → defendant
The Trump administration has defended this deal, and several others, as settlement agreements.
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administration → defend → agreements
However, California has called this characterization a “sham” to “bypass the rules that Congress set down for the offshore energy leasing program,” including stakeholder rights as well as a cap on how much the government can pay developers when canceling a lease.
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government → call → lease
The state also argues that it cannot be described as a settlement, as it was not resolving an existing lawsuit.
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it → argue → lawsuit
The suit claims the deal violates numerous laws, including the Outer Continental Shelf Lands Act, the Administrative Procedure Act, and the Judgment Fund Act.
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deal → claim → Act
The California lawsuit is separate from the suit filed by a coalition of seven other states against the Trump administration for similar agreements made to cancel the leases for future offshore wind farms.
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lawsuit → file → farms
TRUMP CALLS FOR COMPLETE ECONOMIC ISOLATION OF IRAN:
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TRUMP → call → IRAN
This morning at the United Nations General Assembly, President Donald Trump called on allies to help enforce a complete economic isolation of Iran.
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Trump → call → Iran
Much of the president’s remarks were focused on the war in the Middle East.
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Much → focus → East
Trump said that he has “a big decision to make,” hinting at two possible paths for Iran.
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he → say → Iran
Trump said that a deal could be reached that would allow Iran to recover economically and rebuild.
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Iran → say → ?
But without a deal, he said, he could “annihilate the Islamic Republic.”
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he → say → Republic
The president said that another deal could be reached after the November midterm elections, claiming that Iran is watching to see the outcomes.
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Iran → say → outcomes
Once a deal is made, Trump said, oil prices will plummet.
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prices → make → ?
Oil prices have dipped under $100 per barrel since yesterday.
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prices → dip → yesterday
Prices did rise a bit following the president’s speech, but remain under $100 a barrel.
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Prices → rise → 100
As of this afternoon, West Texas Intermediate is at $91.28 a barrel, while Brent crude is sitting at $99.97 per barrel.
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crude → sit → barrel
The president also took a moment to tout his administration’s success in delaying a vote on a carbon tax on the international shipping industry.
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president → take → industry
“Last year my administration was forced to intervene to stop an obscure UN body, the International Maritime Organization, from secretly establishing a first-ever global carbon tax …
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administration → force → tax
There is no global government and while I am President, there will be no global taxes,” the president said.
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president → be → ?
If you forgot, last October, the Trump administration successfully blocked the International Maritime Organization from formally voting to adopt the tax, also known as the net-zero framework.
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administration → forgot → framework
The levy had already been approved in April of last year and all that was needed was a formal vote to adopt the proposal in order for it to go into effect in 2028.
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it → approve → 2028
The U.S. delayed the vote by one year and has since upped pressure on the IMO to scrap the proposal entirely.
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U.S. → delay → proposal
TRUMP CALLS FOR DIESEL EXPORT BAN:
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TRUMP → call → BAN
Trump said that he has called for a diesel export ban as his administration is weighing its options.
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administration → say → options
“I’ve called for that too.
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I → call → that
…and 47 more, not listed.
The Aporia
