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Energy

‘Take On The Resistance’: Who Could Trump Tap To Help Cement His ‘Drill, Baby, Drill’ Agenda?

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From the Daily Caller News Foundation

By NICK POPE

 

Former President Donald Trump has promised to revitalize and unleash the American energy sector if he returns to the White House in 2025, and has a plethora of former officials and new faces he could tap for key executive branch roles.

The Biden administration has utilized executive agencies like the Environmental Protection Agency (EPA), Department of the Interior (DOI) and the Department of Energy (DOE) to implement many of the key policies driving its sprawling climate agenda. These agencies will be crucial to any effort by a prospective Trump administration to undo President Joe Biden’s energy legacy and execute Trump’s “drill, baby, drill” agenda.

Several insiders with extensive experience in Republican energy politics speculated to the Daily Caller News Foundation as to who Trump could pick to lead that charge if he wins in November.

“I am really impressed by the number of former Trump officials, as well as people who have not served before who are also interested in doing so in the future who have reached out to inquire about my prior experience or the process,” David Bernhardt, who served as the secretary of the interior during the latter half of Trump’s first term, told the DCNF. “If President Trump wins, he’s going to have droves of capable people to choose from to fill his political appointments this time around — a lot of seasoned veterans, and also a lot of people with new, fresh ideas. I think that’s very exciting and bodes well for the president’s second term and for our country.”

However, the Trump campaign told the DCNF that internal discussions about who may fill these roles have not started.

“There have been no such discussions about who will serve in a second Trump Administration,” Karoline Leavitt, the Trump campaign’s national press secretary, told the DCNF. “When the time comes, President Trump will choose the best possible people to implement his America First agenda.”

Whoever Trump selects to lead the EPA will have to confront an agency that has been juiced with thousands of new employees and promulgated numerous major regulations. The Biden administration has used the EPA to advance some of its most aggressive environmental policies, which include a major green power plants regulation, electric vehicle (EV) mandates, stringent fine particulate matter emissions rules and more.

At least some of these rules figure to be on the chopping block if Trump returns to office, as the former president has already pledged to walk back EV regulations.

Andrew Wheeler, who helmed the agency between 2019 and 2021, could be tapped to take the reins again if Trump wins in November, one energy expert, who wishes to not be publicly identified, speculated to the DCNF.

Others who may be under consideration include Mandy Gunasekara, who served variously as EPA chief of staff, principal deputy assistant administrator and senior policy advisor during Trump’s first term.

“I have a beautiful community in Oxford, Mississippi, and it would be very hard to leave. Plus, the idea of going back into a hostile situation away from my children and the ‘Bible girls’ is hard pill to pill to swallow. Ultimately, that’s a bridge I’ll cross if I get there,” Gunasekara told the DCNF. “Andrew Wheeler is a very experienced leader at EPA and would no doubt faithfully execute the President’s agenda again.”

Myron Ebell, a recently-retired energy policy expert formerly at the Competitive Enterprise Institute and a member of the Trump EPA transition team, believes that Gunasekara and Wheeler “would both be great choices,” he told the DCNF.

“I think it’s inappropriate to discuss a position I may be offered,” Wheeler told the DCNF when contacted for this story.

Another name to watch is Anne Vogel, who currently runs the Ohio EPA, according to the energy expert. Prior to taking that role, Vogel worked for the American Electric Power Company, handling federal regulatory matters in Washington, and she also has experience working at a private law firm.

“Director Anne Vogel currently has no intention of leaving her position at Ohio EPA,” a spokesperson for the agency told the DCNF.

Notably, Vogel testified to Congress in March 2023 about the train derailment and subsequent chemical burn-off that marred the skies of East Palestine, Ohio, in February 2023.

“I think that we’re going to need people that are committed to reforming these agencies and advancing the Trump agenda, which is basically unleashing the energy sector, and that includes the coal industry, oil and gas and everything else,” Steve Milloy, a senior legal fellow for the Energy and Environmental Legal Institute and a former member of the Trump EPA transition team, told the DCNF. “They’ve got to be willing to take on the resistance. And in Trump one, people weren’t necessarily willing or prepared to take on the resistance, and there’s going to be a lot of resistance.” 

‘Full Speed Ahead’

As the agency in charge of managing America’s federally-controlled lands and waters, DOI has a major role to play in the American energy sector given that it leases millions of onshore and offshore acres to oil and gas developers. Under Biden and Interior Secretary Deb Haaland, DOI has taken numerous actions to restrict development on millions of acres of American land and issued a bare-bones leasing schedule for offshore oil and gas extraction in the Gulf of Mexico, for example.

In light of Trump’s calls to “drill, baby, drill,” the DOI’s approach to natural resource management is likely to change dramatically from its current attitude as part of the Biden administration.

Tom Pyle, president of the American Energy Alliance, told the DCNF to keep an eye on Republican Govs. Mike Dunleavy of Alaska and Doug Burgum of North Dakota as possible leaders of DOI under a prospective second Trump presidency. However, Burgum may be in play for other positions, such as secretary of the interior or perhaps a high-level White House role, Pyle told the DCNF.

A representative for Burgum referred the DCNF to the Trump campaign.

Both McKenna and Ebell indicated that Bernhardt could be a good fit to return to the top job at DOI should he and Trump have mutual interest. For his part, Bernhardt declined to comment about whether he wants to get back into the fray or specific roles he would ostensibly have interest in filling during a second Trump term.

Pyle said he does not expect Trump to feel an obligation to stick to the establishment when selecting his political appointees.

“It’s clear with President Trump’s vice presidential pick [J.D. Vance] that he no longer feels compelled to extend an olive branch to the GOP establishment,” Pyle told the DCNF. “It’s Trump’s party now, and he chose someone who he thinks will best help implement his agenda.”

Mike McKenna, a GOP strategist with extensive energy sector experience, agreed that Dunleavy and Burgum could each be the type of person to run the DOI for Trump if called upon to do so.

“I hope they will go full speed ahead on restoring or increasing energy production in the federal estate” regardless of who Trump might pick for the top job if he wins, Ebell told the DCNF. “But I also hope that they will focus and put some effort into improving federal land management.”

Ebell floated former Alaska Republican Lt. Gov. Mead Treadwell as a possibility should he have interest. He also said that Republican Sens. John Barrasso of Wyoming and Mike Lee of Utah would both do well in the position, in his view, but that they may both be too valuable as seasoned legislators to make the jump to the executive branch.

“Senator Barrasso is focused on working for the people of Wyoming and passing President Trump’s agenda in the U.S. Senate,” a Barrasso spokesperson told the DCNF.

‘Dark Horse’

Choosing a successor for Jennifer Granholm to lead the DOE will be another key decision for Trump should he prevail this November.

Among other initiatives, the Biden DOE has pushed regulations promoting energy efficient appliances, a broad building decarbonization agenda and sought to loan huge sums of taxpayer cash to green energy companies since 2021.

McKenna, who is plugged into both the energy industry and GOP politics, flagged several possible candidates to look out for.

Paul Dabbar, who served as the under secretary for science at DOE during Trump’s first term, could be an option, with McKenna pointing to his managerial skills as a strength that could appeal to Trump. Dabbar declined to comment when contacted for this story.

McKenna also identified Burgum as a possible option for DOE, but like Pyle, McKenna believes that Burgum could be called on to take any number of roles, stretching from DOE to the White House or even the Department of Commerce, should he have interest in serving in a possible second Trump administration.

One “dark horse” possibility to watch is Bill Cooper, who currently works for Golden Pass LNG as vice president and general counsel, McKenna said. In addition to his private sector mettle, Cooper has experience at DOE, having served in the agency for about two years in various senior roles during Trump’s first term, making him a possible candidate should he have interest in the gig.

Ebell is not discounting the possibility that Trump may dip into the private sector to find his potential energy secretary.

“I think looking in the private sector makes sense,” Ebell told the DCNF. “It makes a lot of sense if it’s somebody who isn’t part of the subsidy chain, who isn’t part of the corporate welfare world, special interests who get money under the so-called Inflation Reduction Act, or other DOE programs.”

Cooper, Treadwell, Lee’s office and Dunleavy’s office did not respond to requests for comment.

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Energy

Putin’s uranium export restrictions are a gift for Canada

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From Resource Works

“The World Nuclear Association says Canada could now play a major role in meeting future world demand, as several key nations eye nuclear energy to meet growing demand for electrical power and for power production that does not use fossil fuels.”

Good to see Russian President Vladimir Putin proposing restrictions on Russian exports of uranium in retaliation for Western sanctions on Russian oil, gas, and LNG.

“Please take a look at some of the types of goods that we supply to the world market,” he told Prime Minister Mikhail Mishustin. “Maybe we should think about certain restrictions — uranium, titanium, nickel.”

Russia is the world’s sixth-largest uranium producer and has about 44% of global uranium enrichment capacity.

Canada, once the world’s largest uranium producer, is now the world’s second-largest producer of uranium, behind Kazakhstan. Canada accounts for roughly 13% of total global output, and Putin’s comment quickly increased the value of shares of our uranium producers.

The World Nuclear Association says Canada could now play a major role in meeting future world demand, as several key nations eye nuclear energy to meet growing demand for electrical power and for power production that does not use fossil fuels.

The Cigar Lake mine in Saskatchewan is one of the world’s richest in uranium. The McClean Lake mill, which processes it, is operated by a subsidiary of France’s Orano and sells 40% of its production to the French electric utility company, EDF.

Australia’s Paladin Energy moved in June to buy Canadian uranium explorer Fission Uranium for $1.14 billion. That purchase is now undergoing a national security review ordered by Ottawa.

Canada’s 34 “critical metals” and minerals have been taking up more of Ottawa’s interest, with the feds pushing their Critical Minerals Strategy and making it harder for foreign firms to acquire Canada’s biggest mining companies.

Now, Saskatchewan has vowed to compete with China in processing and production of rare earths and to become the prime North American source for metals used to make magnets for electric vehicles and wind turbines.

All this comes as one outlook says the global mining industry will require US$2.1 trillion in new investments by 2050 to meet the raw material demands of a net-zero-emissions world. The report says critical energy-transition metals, including aluminum, copper, and lithium, could face supply deficits this decade—some as early as this year.

In Canada, a new report from consultants EY says “capital is king” and is the top risk facing the mining industry this year, as tough financing and economic conditions make it more difficult to deliver the metals needed for the energy transition.

“We need about $1 trillion in investment to produce enough metals for the energy transition,” says Theo Yameogo, EY Americas and Canada mining and metals leader. “We haven’t seen that coming in. Now it’s the #1 (risk) because people are really worried. We’ve seen some M&A, but we haven’t seen direct investment in the mining sector.”

This points to the need for Canadian governments to simplify and speed up regulatory processes for new mines. It can take 12 to 15 years before a proposed mine can get through all the red tape from assorted governments and get into its first production. Jonathan Wilkinson, federal minister of energy and natural resources, announced in March that Canada would soon launch an Action Plan to speed up the mine-permitting process. But we still don’t see it.

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Alberta

“It’s Canada’s Time to Shine” – CNRL’s $6.5 Billion Chevron Deal Extends Oil Sands Buying Spree

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From Energy Now

Canadian Natural Resources Ltd.’s $6.5 billion acquisition from Chevron Corp. marks the latest in a string of deals that has helped make it the country’s largest oil producer and brought Alberta’s massive oil sands deposits almost entirely under local control.

CNRL has feasted on the oil sands assets of foreign energy producers over the past decade, snapping up stakes and operations from Devon Energy Corp. and Shell Plc as they shifted away from the higher-cost, higher-emissions oil sands business. Investors have applauded the strategy, which allows CNRL to boost output and make the operations more efficient.

That trend continued on Monday, with CNRL shares climbing more than 4% after the deal with Chevron raised its stake in a key oil sands mine and a connected upgrading facility, while also adding natural gas assets in the Duvernay formation.

“These assets build on the robustness of Canadian Natural’s assets,” said CNRL President Scott Stauth said on a conference call Monday. The deal boosts CNRL’s stake in the Athabasca oil sands project, which it first bought from Shell in 2017, to 90% from 70%.

The acquisition was largely expected and boosts CNRL’s oil and gas output by roughly 9%, adding the equivalent of 122,500 barrels of oil production per day.

“It’s just been a matter of time,” Eight Capital analyst Phil Skolnick said by phone, noting that CNRL had been seen as the logical buyer for Chevron’s oil sands business.

While CNRL also boosted its dividend by 7% on Monday, Desjardins analyst Chris MacCulloch  cautioned the company’s additional debt to finance the acquisition “may disappoint some investors” given it plans to temporarily slow capital returns.

Still, MacCulloch said the deal is positive overall for CNRL as it further consolidates assets in the region. “There’s no place like home,” he wrote in a note.

Chevron, for its part, is the latest in a long line of US and international oil producers — such as BP Plc, TotalEnergies SE and Equinor ASA — that have shifted away from the oil sands after spending billions to build facilities in the heavy-oil formation. That has left the oil sands largely in the control of Canadian firms including CNRL, Suncor Energy Inc. and Cenovus Energy Inc.

“There’s no remaining, obvious assets available,” Ninepoint Partners partner and senior portfolio manager Eric Nuttall said after Monday’s deal. Ninepoint owns 3.1 million shares in CNRL, data compiled by Bloomberg show.

Many of those oil sands deals have been struck at prices that favor the Canadian buyers, which have consolidated land, reduced costs and boosted returns in recent years.

“It’s Canada’s time to shine,” Nuttall said, adding that he expects foreign investors will return to the country’s oil producers in the future.

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