In the news today…
Mining:
- E&E Energywire reports President Biden’s plan yesterday to release a historic amount of oil from the Strategic Petroleum Reserve and boost mining for critical minerals helped push down the price of crude, but also drew pushback from entities ranging from the U.S. oil and gas industry to wildlife protection groups.
- E&E News PM reports President Biden outlined his plan to combat climate change while dealing with rising gas prices spurred by Russia’s invasion of Ukraine: Ramp up U.S. energy and mineral production in the short term and slash demand in the long term.
- E&E Greenwire reports President Biden today will announce the largest release of oil reserves in U.S. history and a government-backed effort to boost U.S. mining of critical minerals used in electric vehicles, according to White House officials.
Minerals:
- S&P Global released a series of infographics on the Russian and Ukrainian mining sectors.
- The New York Times reports President Biden took steps on Thursday to try to increase domestic production of critical minerals and metals needed for advanced technologies like electric vehicles, in an attempt to reduce America’s reliance on foreign suppliers.
- E&E Daily reports the green energy revolution has led Democrats to embrace calls for more mining — creating a potential flashpoint between those seeking climate action and others fighting for environmental justice.
- Politico Pro reports lawmakers on a key Senate committee said Thursday that the U.S. needs to overhaul its antiquated mining laws to meet demand for critical minerals needed for the clean energy transition.
Coal: