SPECIAL EDITOR’S NOTE — FAREWELL, JEREMY: Today is Jeremy’s last day with the Washington Examiner and last time writing for Daily on Energy.
The Biden administration has raced to build out the electric vehicle and battery manufacturing supply chain in a bid to compete against China and deliver on its goal of having 50% of all new cars sold in the United States be electric vehicles by the year 2030 – a significant uptick from this year, when EVs made up just 7% of all cars sold in the U.S.
Speaking with other leaders in Paris today, World Bank President Ajay Banga outlined a so-called “toolkit” for affected countries dealing with a disaster—including allowing for more flexibility to allow them to redirect funds for emergency response, providing new types of insurance to help development projects, and aiding developing countries as they build advance emergency systems.
BIDEN ADMINISTRATION MOVES TO RESTORE ENDANGERED SPECIES PROTECTIONS: The U.S. Fish and Wildlife Service has proposed reinstating federal protections for plants and animals classified as threatened, an effort to restore rules that were scaled back during the Trump administration. It also recommended additional actions, such as lowering the threshold for which landfills have to install controls and improve monitoring.
“This Administration ignored our repeated admonitions that the Agencies should wait until the Supreme Court acted to proceed, and our warnings that the rule being drafted would not be ‘durable,’” the lawmakers said in a letter to EPA and the Army Corps yesterday. Although employment in the sector continued to grow, the rate of production slowed relative to the first quarter, particularly affecting firms that prioritize gas extraction, according to Dallas Fed economists.