Roosevelt Room 1:28 P.M. EDT THE PRESIDENT: Good afternoon. Ready, get set, go? Well, good afternoon. Earlier this year, because of Putin’s invasion of Ukraine, the price of oil and gas increased dramatically, and I acted decisively at the time. And thanks in part to those actions, the price of our gas has fallen 30 percent from…
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Press Briefing by Press Secretary Karine Jean-Pierre and Secretary of Energy Jennifer Granholm
James S. Brady Press Briefing Room 2:44 P.M. EST MS. JEAN-PIERRE: Good afternoon, everybody. Happy Monday. As many of you are tracking, this week, House Republicans will vote to raise gas prices on American families. The contrast in priorities could not be more stark. The President spent the last two years, as you know, doing…
President Biden Announces Senior Clean Energy and Climate Team
John Podesta to Serve as Senior Advisor to the President for Clean Energy Innovation and Implementation;Ali Zaidi to Succeed Gina McCarthy as Assistant to the President & National Climate Advisor Today, President Biden announced that John Podesta will serve as Senior Advisor to the President for Clean Energy Innovation and Implementation and Ali Zaidi will…
Statement from National Security Advisor Jake Sullivan Welcoming Iraqi Progress Toward Energy Self-Sufficiency
We welcome the finalization of Iraq’s unprecedented Gas Growth Integrated Project (GGIP) with French firm TotalEnergies. Formally signed this week, this massive deal, which will include participation from regional and American companies, is a major step towards both establishing Iraq’s energy self-sufficiency and meeting its climate goals. Once the project is complete, Iraqis will benefit from increased…
Parallel Processing the Path to Commercialization of Fusion Energy
By: Sally M. Benson and Costa SamarasEnergy Team, Office of Science and Technology Policy, Executive Office of the President What?! A path to commercialization of fusion energy? Fusion energy – that powers the stars – hasn’t yet been developed here on Earth in a way that produces more energy than it takes to sustain the…
Treasury’s Proposed Rules Ensure Investments Drive Good-Paying Jobs for America’s Clean Energy Workforce
This week, as part of the Biden-Harris Administration’s Investing in America agenda, the Treasury Department and the Internal Revenue Service (“IRS”), in consultation and collaboration with the Department of Labor, released proposed rules and FAQs on key provisions in the Inflation Reduction Act to drive the creation of a robust, diverse pipeline of workers for…
Statement from National Security Advisor Jake Sullivan Welcoming Developments in Iraq’s Energy Sector
We welcome significant progress in Iraq this week with respect to energy deals that further strengthen Iraq’s sovereignty, independence, and economic prosperity. First, the Government of Iraq and the Kurdistan Regional Government reached a historic agreement on the export of oil and management of revenues through the Iraq-Turkey Pipeline. This agreement paves the way for…
Joint Readout of U.S.-EU Task Force Meeting on Energy Security
On 3 November 2022, the U.S.-EU Task Force on Energy Security met in Washington to discuss implementation of the 25 March Joint Statement by Presidents Biden and Von der Leyen, which aims to help diversify the EU’s natural gas supplies and reduce natural gas demand and consumption. The Task Force builds on long-standing cooperation under…
Treasury Releases FAQs on How to Lower Energy Costs When Making Home Upgrades
Today, the Department of Treasury and the Internal Revenue Service (IRS), in coordination with the Department of Energy, released FAQs to help families, homeowners, and renters to lower energy costs by using new and expanded tax credits, secured under the Inflation Reduction Act, to invest in energy efficiency upgrades to homes and power buildings with…
Treasury Issues Final Rules and Procedural Guidance to Drive Clean Energy Investments in Low-Income Communities Across the Country
Today, the Treasury Department and the Internal Revenue Service (“IRS”) released final rules and procedural guidance for the Low-Income Communities Bonus Credit program, a new incentive introduced by the Biden-Harris Administration’s Investing in America agenda to drive new clean energy investments to our country’s historically underserved communities. President Biden’s economic platform – Bidenomics – is…
