WASHINGTON—Swedish climate activist Greta Thunberg will testify April 22 to a U.S. congressional hearing on fossil fuel subsidies, which the committee’s progressive chairman is pressuring President Joe Biden to end.
Thunberg will appear virtually before the House Oversight Committee’s subcommittee on the environment the same day Biden kicks off a virtual two-day Earth Day summit with world leaders, seeking to assert U.S. leadership internationally on climate change.
“We appreciate that President Biden ran on ending fossil fuel subsidies. But the details matter,” Rep. Ro Khanna (D-Calif.), the subcommittee’s chairman, said in a statement released prior to the hearing. “Exactly four months into this administration, progressives are looking for tangible and specific commitments from the administration to follow through on its own platform.”
Thunberg, an 18-year-old activist who was Time magazine’s person of the year in 2019 for her work on climate change, has denounced the “madness” of government subsidies for fossil fuel use. She says current pledges by different countries to halve their greenhouse gas emissions over the next decade are still not enough.
When she appeared before U.S. lawmakers in September 2019, she told them they were not trying hard enough to tackle the climate crisis.
Biden has called for replacing fossil fuel subsidies with incentives for clean energy production as part of his $2.3 trillion plan to overhaul U.S. infrastructure.
But the president’s plan has not specified which tax breaks for fossil fuel companies would be targeted. Khanna listed some tax breaks he wants repealed, including one called intangible drilling costs, which allows producers to deduct most costs from drilling new wells.
Here’s a snapshot of energy deals from the past week including Williams’ $3.8 billion JV in the Marcellus/Utica and a Delaware Basin bolt-on by Contango Oil & Gas.
Here’s a quicklist of oil and gas assets on the market including Powder River Basin properties from QEP plus Gulf Coast conventional waterflood leasehold.
Here’s a quicklist of oil and gas assets on the market including EOG Delaware Basin leasehold and an Apache nonop package offshore Texas and Louisiana.