After two weeks of negotiations at the COP28 climate summit, nearly 200 countries have reached an agreement to begin reducing global consumption of fossil fuels.
Many nations had criticized a deal draft released on Dec. 11 for failing to call for a "phase-out" of fossil fuels.
The proposed wind lease sale includes acreage offshore Delaware, Maryland and Virginia.
The future of domestic energy policy hangs on the balance of the Inflation Reduction Act's efficacy, a carbon tax adoption and consumers embracing electric vehicles.
The early breakthrough on the damage fund, which poorer nations had demanded for years, could help grease the wheels for other compromises to be made during the two-week summit.
Last year, OPEC dropped the International Energy Agency as a source for data on oil markets.
The Sierra Club environmental group on Nov. 8 urged the U.S. energy regulator to reject a request by liquefied natural gas developer Tellurian Inc for a three-year extension to complete construction of its $25 billion LNG export facility.
Word of the wind energy areas comes after the first U.S. GoM lease sale brought in one high bid in August and as the region’s offshore oil and gas sector faces uncertainty.
The order was the latest in a legal fight over offshore drilling and federal protection of an endangered species of whale.
President Joe Biden's administration announced $3.5 billion funding for projects to protect the aging U.S. power grid from extreme weather and fires and to connect transmission systems with more electricity from renewable energy sources.