Proposed SEC Climate Disclosure Rule Will Add Costs That Consumers Will Bear, Critics Warn

The Securities and Exchange Commission’s (SEC) has been slammed with comments from supporters and critics of its proposed climate disclosure rule.

The release of the final rule has been continually delayed, but its publication is anticipated in the next few months. Congressional Democrats are urging for it to be done sooner rather than later.

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Biden Energy Official Under Scrutiny for Family Ties to Environmental Lobby

Republican lawmakers are raising concerns about a Biden administration official’s questionable family ties to far-left groups lobbying lawmakers.

U.S. Rep. Bruce Westerman, R-Ark., chair of the Committee on Natural Resources, sent a letter to U.S. Department of Interior Secretary Deb Haaland this week demanding records, communications, documents and more related to allegations that Haaland’s family members may be unethically connected to anti-fossil fuel groups.

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Biden Administration Defies Court Ruling Again, Opts Against Holding Oil Drilling Sales

The Biden administration missed another deadline to hold quarterly onshore oil drilling lease sales after a federal court ruled it was legally required to do so.

The Department of the Interior (DOI) defied the June 2021 court ruling which ordered the administration to halt its ban on new oil and gas leases, the Western Energy Alliance — a fossil fuel industry group that challenged the ban — said Wednesday. In August 2021, the DOI vowed to publish notices of competitive sales in December and hold a lease sale 45 days later, two promises it failed to keep, in court filings.

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Oil Prices Hit a Seven-Year High as Industry Feud with Biden Administration Continues

Oil prices hit a 7-year high this week as American oil and gas companies continue to fight the Biden administration over policies restricting production.

As the economy began to reopen this year and the demand for fuel increased, President Joe Biden, through executive order, halted and restricted oil and gas leases on federal lands, stopped construction of the Keystone Pipeline, and redirected U.S. policy to import more oil from Organization of the Petroleum Exporting Countries and Russia (OPEC+) instead of bolstering American oil and gas exploration and production.

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