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Oil Companies

Trump DOJ Sues To Block States From Holding Fossil Fuel Companies Accountable For Climate Crisis

The United States Department of Justice (DOJ) on Wednesday filed lawsuits against Michigan and Hawaii over their planned legal actions against fossil fuel companies for the harm their greenhouse gas emissions caused by contributing to the climate crisis. The lawsuits — which are unprecedented, according to legal experts — claim there is a conflict between the state actions and federal government authority, as well as President Donald Trump’s energy agenda. The justice department is also suing Vermont and New York over their “climate superfund laws.” “These burdensome and ideologically motivated laws and lawsuits threaten American energy independence and our country’s economic and national security,” said U.S. Attorney General Pamela Bondi in a press release from the DOJ.

OFAC Announces Venezuela Sanctions Relief

The US Treasury’s Office of Foreign Assets Control (OFAC) presented the suspension of key sanctions on Venezuela late on Wednesday. The announcement followed an agreement between the Venezuelan government and opposition on Tuesday in Barbados, and negotiations between Washington DC and Caracas last month in Qatar. What we see is that the main reason for these sanctions waivers is not about giving concessions to Maduro. Instead, the Biden administration was trying to implement these suspensions regardless, out of its own concerns—migration, energy prices, geopolitics, and others.

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