Morning Consult Energy: House to Vote Next Week on Bill Targeting ‘Excessive’ Gas Prices


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May 13, 2022
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  • The House is set to vote next week on a Democratic bill that would bar “excessive” or “exploitative” fuel prices as gasoline over the last several days has reached new record highs. The Consumer Fuel Price Gouging Prevention Act will likely die in the Senate, as Republicans are not expected to support the legislation, which would ban price increases during national energy emergencies declared by the president. (Bloomberg)
  • BP PLC shareholders voted in support of the supermajor’s climate strategy – which includes a 2050 net-zero emissions target for the production and sale of oil, gas and other products – with an approval of 88.5%, as oil and gas companies have increasingly faced more pressure from shareholders on emissions reduction goals. Meanwhile, a resolution filed by activist shareholder group Follow This, which would have called on BP to set “inspirational” climate targets, received roughly 15% of voter support. (Reuters)
  • Sen. Sheldon Whitehouse (D-R.I.) plans to introduce a carbon border adjustment measure “within the next 10 days or so” as the legislation seeks to impose a fee on imports of energy-intensive goods modeled after the federal government’s social cost of carbon. The policy could win the backing of some Republicans as a way to hit polluting industries that have moved to China. (E&E News)

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Events Calendar (All Times Local)


What Else You Need to Know


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Climate Change and Emissions

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Oil, Gas and Alternative Fuels

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Environment, Land and Resources

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Morning Consult