DAILY ON ENERGY: • Saudi Arabia hikes price of July crude • France in talks with UAE to secure oil • Leaders converge in Bonn ahead of UN climate summit
BUILDING BRIDGES — AND BURNING OTHERS: U.S. solar manufacturers are incensed at the Biden administration for preparing a two-year “bridge” to protect imported solar products from new tariffs while domestic manufacturing ramps up.
Solar beef: Biden’s actions try to serve the interests of both domestic manufacturers and import-reliant solar developers, who have been pulling the Biden administration in opposite directions over the Commerce Department’s anti-circumvention inquiry. Separately, Commerce Secretary Gina Raimondo has been insistent that the department is required by statute to carry out the investigation rather than commit to intervening to speed up the process, as solar trade groups and a number of Democratic lawmakers have requested the administration to do.
“All of the U.S. manufacturers are pissed at this,” Nick Iacovella, senior vice president of public affairs for the Coalition for a Prosperous America, told Jeremy. CPA represents U.S. producers and manufacturers and supports Commerce’s investigation. Welcome to Daily on Energy, written by Washington Examiner Energy and Environment Writers Jeremy Beaman and Breanne Deppisch . Email [email protected] or [email protected] for tips, suggestions, calendar items, and anything else. If a friend sent this to you and you’d like to sign up, click here. If signing up doesn’t work, shoot us an email, and we’ll add you to our list.
News of the increase comes days after Biden announced he will travel to Saudi Arabia this summer to meet with Crown Prince Mohammed bin Salman, underscoring the extent to which oil concerns have become a major priority for the administration. UN NUCLEAR WATCHDOG CHIEF CITES ‘GRAVE CONCERN’ OVER CONDITIONS AT RUSSIAN-CONTROLLED POWER PLANT: International Atomic Energy Agency Director-General Rafael Mariano Grossi said he is deeply concerned about the status of the Russian-controlled Zaporizhzhia nuclear power plant in Ukraine, citing conditions that he described as posing a “clear and present risk to safety, security and safeguards” at the facility, which is the largest nuclear plant in all of Europe.
LEADERS CONVERGE IN BONN AHEAD OF UN CLIMATE SUMMIT: Leaders from around the world gathered today Bonn, Germany, for the start of a 10-day meeting to help lay a foundation for the upcoming United Nations climate summit in Egypt this fall. Leaders will take stock of their own efforts and progress they’ve made since last year’s UN climate summit in Glasgow—which saw 200 nations pledge to take steps to more urgently deliver on goals set in the 2015 Paris climate accord.
REACTION TO EPA’S RECORD RFS BLENDING VOLUMES: The EPA’s announcement on Friday, which locked the refining industry into a record year for biofuel blending while also retroactively setting blending obligations for 2020 and 2021 to equal the volumes actually blended, was well-received by renewable fuel trade groups.
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