Morning Consult Energy: Biden Administration Reinstates Limits on Roads, Logging in Alaska’s Tongass Forest


Essential energy industry news & intel to start your day.
January 26, 2023
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Today’s Top News

  • The Department of Agriculture has finalized a plan to reinstate road-building and logging restrictions on the Tongass National Forest, the country’s largest national forest in southeast Alaska, despite decades of pushback from state political leaders who believe the restrictions limit jobs, renewable energy resources and tourism opportunities. The restrictions will take effect on Friday after being published in the Federal Register. (The Associated Press)
  • Tesla Inc. plans to expand production at its Berlin and Austin plants to increase the company’s battery production while cutting costs across the board, including parts and logistics, executives said in a fourth-quarter earnings call, as Chief Executive Elon Musk looks to reshape the company’s cost base in preparation for what he called a “serious” recession. (Reuters) The company reported record fourth-quarter revenue of $24.3 billion. (CNBC)
  • Akio Toyoda, head of Toyota Motor Corp., will step down as CEO and become chairman of the company on April 1, as the company is under investor pressure to embrace the shift toward electric vehicles. Koji Sato, president of the company’s luxury brand Lexus, will succeed Toyoda. (Reuters)

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Morning Consult