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AM Briefing

Trump Opens Billions of Ocean Acres to Offshore Drilling

On a permitting bill shocker, spiking gas bills, and China’s nuclear progress

An offshore oil rig.
Heatmap Illustration/Getty Images

Current conditions: Cross-country storms are forecast to cause airport delays from coast to coast ahead of the Thanksgiving holiday • A powerful storm in the Plains will dump up to 10 inches of rain on Texas and Missouri and bring potential tornadoes • Heavy rains in Southeast Asia are creating waves up to 10 feet tall in the Gulf of Thailand and the Andaman Sea.

THE TOP FIVE

1. Trump plans to open billions of acres to offshore drilling

Preparing for an offshore drilling bonanza. Mario Tama/Getty Images

The Trump administration announced plans Thursday to open nearly 1.3 billion acres of waters on the Americans coasts to oil and gas drilling. The Department of the Interior proposed holding as many as 34 lease sales, including six off California and in a remote region of Alaska in the northern Arctic where drilling has never taken place. The New York Times called the plan one of President Trump’s most significant steps yet to increase the production of fossil fuels, the burning of which is dangerously heating the planet.”

The move comes months after the Interior Department’s Bureau of Ocean Energy Management rescinded the designation of just 3.5 million acres of federal waters to offshore wind development, as I reported here at the time. The administration went on to halt work on active projects and file lawsuits to try to yank back already-granted permits for offshore turbines. Even the oil industry came to wind developers’ defense, arguing that President Donald Trump was setting a dangerous precedent, as I wrote here last month.

2. House advances permitting reform bill

That’s what makes a particular measure in the permitting reform bill that passed out of the House Committee on Natural Resources last night so eye catching. The bipartisan SPEED Act — which Heatmap’s Jael Holzman described as doing “stuff energy developers of all stripes say they want” including “time-clocks on when federal permits are issued and deadlines on when court challenges can be filed” — advanced out of committee on a vote of 25 to 18. Surprisingly, Republicans voted in favor of a bill that included language explicitly saying federal agencies cannot revoke, suspend, alter, or interfere with any already-approved permit of an energy project. Halting the assault on offshore wind has long been a Democratic condition for passing the legislation, though top administration officials have balked at the idea of easing off the wind industry.

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3. Energy Department cuts two major clean-energy offices in reorganization

The Department of Energy unveiled a sweeping internal reorganization that included eliminating two major clean-energy offices. The agency is cutting the Office of Clean Energy Demonstrations and the Office of Energy Efficiency and Renewable Energy, a new organizational chart the agency released Thursday morning shows. The department is “aligning its operations to restore common sense to energy policy, lower costs for American families and businesses and ensure the responsible stewardship of taxpayer dollars,” Secretary of Energy Chris Wright said in a statement.

Some of the moves seemed puzzling. When a former agency employee sent me the new org chart yesterday morning, I noticed that the Energy Department had axed its Water Power Technologies Office. The Trump administration has expressed support for hydropower. But the source told me that it will now fall under the new Office of Critical Materials and Energy Innovation, effectively lumping in the oldest type of power plant with mining and cutting-edge energy technology. The Loan Programs Office, the agency’s internal lender, got a rebrand to the Office of Energy Dominance Financing, which Heatmap's Emily Pontecorvo called last month.

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4. Gas exports threaten to spike Americans’ heating bills

Natural gas prices are on track to climb by almost $3.90 per million British thermal units this winter as exports increase and production remains flat, according to the latest forecast from the Energy Information Administration. When, shortly after taking office, the Trump administration revoked a study that warned increasing exports of liquified natural gas risked raising prices at home, Wright dismissed his predecessors’ findings as defying the straightforward logic that increased demand would increase supply. But new production hasn’t matched soaring demand from power plants and heating. And this winter is forecast to be particularly cold. The EIA projected that prices in 2026 will average $4 per million British thermal units, roughly 16% higher than in 2025. That, the federal analysts wrote, was “primarily due to the increased liquified natural gas exports.” LNG exports this year are on track to beat last year by 25%.

5. China starts construction on two more nuclear plants

China’s march toward dominance in atomic energy continues at a steady pace. The country poured the first concrete for two new nuclear power stations, NucNet reported. The start of the new projects put Beijing closer to its ambitious goal to reach 70 gigawatts of installed reactor capacity, up from 55 gigawatts at last count, by the end of this year. China is expected to fall slightly short of the target. But it’s on track to meet the goal by the early part of next year.

Beijing isn’t stopping there. The plants that just started construction are expected to come online in at most five years (an inconceivably swift schedule for a modern U.S. or European nuclear project), and the state-owned China General Nuclear plans to build as many as five more, World Nuclear News noted.


THE KICKER

The California Public Utilities Commission approved two new programs to make in-window heat pumps and 120-volt induction stoves more affordable and available. The programs, led by the agency’s California Market Transformation Administrator, give manufacturers challenges and provide a suite of interventions to spur factories to bring down costs and ramp up production. “We want as many people as possible to have access to zero-emissions appliances to heat and cool their homes and cook their food,” Rebecca Barker, senior associate attorney at Earthjustice, said in a statement. “These initiatives will transform the market so anyone can walk into their local home improvement store and find these options readily available.”

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AM Briefing

Greenland’s Green Light

On Alaska power lines, First Solar, and Starbucks’ ESG retreat

Greenland.
Heatmap Illustration/Tanbreez Mining

Current conditions: Cold air is sweeping into the American Northeast after a brief blast of summer-like heat that drove temperatures in New York City up to 85 degrees Fahrenheit last week • Hurricane Nolo crossed the International Date Line, officially becoming Typhoon Nolo • The heat wave roasting Southern California is straining the grid, causing outages for more than 23,000 people in the Los Angeles area.


THE TOP FIVE

1. Greenland approves one of the biggest rare earth mines outside China

Greenland’s government on Monday approved the mining and decommissioning plans for Critical Metals’ Tanbreez rare earths project, which Mining.com described as one of the world’s “larger undeveloped heavy rare earth projects outside China.” The preliminary economic analysis for the mine pegged its total value at $2.1 billion, with an estimated initial capital cost of $290 million. “Approval of the Mining and Closure Plans is a defining milestone for Tanbreez and for Critical Metals Corp.,” Tony Sage, the chairman and chief executive of Critical Metals, said in a press release. “It gives us a clear framework through 2050 to responsibly develop one of the world’s largest heavy rare earth deposits, in partnership with the government of Greenland and the communities of South Greenland.”

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Green
Climate Tech

Exclusive: Blaze Energy Raises $6.5 Million for Low-Carbon Shipping Retrofits

The startup’s system builds on a vessel’s existing engine and makes it effectively fuel-agnostic.

Shipping.
Heatmap Illustration/Getty Images

The shipping industry has a dilemma. The European Union and other jurisdictions are increasingly requiring vessels to cut their carbon emissions, pushing shipowners toward lower-carbon fuels and away from traditional bunker fuel or diesel. But it’s still anybody’s guess which cleaner fuel — ammonia, methanol, or liquified natural gas — will prove most economical and efficient at scale. That leaves shipowners facing an uncomfortable choice: They must decide on a technology around which to build new engines and retrofit existing ones without knowing whether the fuel they bet on today will still be the best option a few years from now.

Blaze Energy says that its product will eliminate that choice. The startup, which announced a $6.5 million seed round on Tuesday — is making a compact fuel “reformer,” a device that uses a heated catalyst to split various alternative fuels into a hydrogen-rich gas. That gas can then be combined with the original fuel and conventional shipping fuel to power existing engines. With Blaze’s bolt-on retrofit, which the startup aims to make less than a tenth the size of the engine itself, shipping companies “can adjust their assets based on how the global energy landscape, regulation, as well as their company direction is changing,” the company’s CEO and co-founder, Rok Sitar, told me. For example, maybe LNG looks cheapest in the short term given its established supply chain, but ammonia could win out down the road.

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Blue
Daily Briefing

Rivian Rolls to a New Record Quarter

The global vehicle market is splitting into two — with just a few exception.

RIvian assembly.
Heatmap Illustration/Rivian

The past three months have been crucial for Rivian, America’s biggest all-electric car company not run by Elon Musk.

The California-based automaker debuted the R2, its long-awaited and somewhat more affordable sport utility vehicle. (Our reviewer gave it high marks.) Rivian also formally took out a nearly $6.6 billion loan from the Department of Energy to finance its new Georgia factory. And it finally unveiled the plans for that facility, which will include a rail tie-in and a 1,000-acre preserved woodland.

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Blue