DAILY ON ENERGY: • Chevron Chairman and CEO Mike Wirth v. President JoeBiden • Biden backs fuel tax holiday • International Energy Agency Director Fatih Birol to Europe: Keep your nuclear plants open
WIRTH V. BIDEN: Chevron Chairman and CEO Mike Wirth is emerging as a foil to President Joe Biden ahead of oil executives’ meeting at the White House tomorrow, where they will engage with the administration about how to address the nation’s shortage of refining capacity.
The one-on-one reflects the mutual acrimony and the ongoing back and forth between parties, which has been characterized by price gouging accusations and requests for more spending on production on the Biden administration’s part, and pleas for fewer regulations and a more positive treatment of oil and gas on the industry’s part.
More on Wirth: Wirth also serves as chairman of the American Petroleum Institute, which sent Biden a 10-point list of policy recommendations last week asking for lighter regulatory burdens and a new five-year offshore leasing program . A White House aide described the three-month tax holiday Biden supports as particularly focused on bringing price relief during the summer driving season. The taxes add 18 cents to each gallon of gasoline and 24 cents to diesel.
Reaction: Support for tax holiday among lawmakers is mixed, including among Democrats, who, like their state-level counterparts, have objected to how it would affect transportation funding. BIROL TO EUROPE: KEEP YOUR NUCLEAR PLANTS OPEN: International Energy Agency Director Fatih Birol urged European countries weighing or preparing to shut down nuclear power plants to push the pause button because of Gazprom’s throttling of natural gas.
Vice-Chancellor Robert Habeck also asserted in March that keeping them operating “would help us in this foreign policy situation.”
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