U.S. Energy News
Trump launches lame-duck fight over Arctic drilling
OIL & GAS: The Trump administration proposes a rule that would limit large banks from pulling their financing from Arctic oil and gas projects after several banks announced policies prohibiting such investments. (Anchorage Daily News)
ALSO:
• President-elect Biden faces several obstacles to fulfilling his pledge to permanently protect the Arctic National Wildlife Refuge from drilling. (The Hill)
• An oil and gas analyst says the industry is “cautiously positive” about the impact of President-elect Biden and notes that a president who manages a gradual shift from oil might be better for business in the medium term compared to President Trump’s climate denialism. (NPR)
PUBLIC LANDS: The New Mexico congresswoman reportedly being considered for Interior Secretary under President-elect Joe Biden says leasing practices for federal lands need to change to encourage more clean energy. (S&P Global)
OHIO: Public Utilities Commission of Ohio Chairman Sam Randazzo resigns days after the FBI searched his home as part of an investigation into the state’s power plant subsidy law bribery scandal.