Republicans in Congress have voted to use its authority under the Congressional Review Act to roll back California’s states’ right to protect its own residents’ lungs and pocketbooks with better emissions rules.
But here’s the thing: Congress doesn’t have that authority, and the republican party is once again just farting in the wind with the sole purpose of letting everyone know that it wants to poison Americans and raise their fuel costs.
We’ve heard plenty of stories recently about how the senile felon squatting in the White House wants to harmAmericans. But in the last 100 days of the exact kind of incompetent flailing that anyone with half a brain expected out of him, relatively less attention has been paid to the attempts of republicans in Congress to poison Americans.
Well, they’ve decided to jump into the spotlight and remind everyone just how bad the entire party is, as republicans in Congress have voted to increase pollution and fuel costs for California and 11 other states.
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The vote comes in the form of a Congressional Review Act action withdrawing California’s “waiver” from the EPA. For more than half a century, California has asked for and been granted this waiver that allows it to set its own emissions rules. Other states can follow California’s rules (and around 11 states do so, though that amount differs for each rule), as long as they do so exactly, and as long as those rules are stronger than the national ones.
It has this unique authority because California had its own Clean Air Act before the federal Clean Air Act was passed, and because the state had a unique problem with smog at the time and needed stricter rules than the rest of the country. California’s clean air laws have been effective in reducing pollution, with vehicle-based pollutants dropping by 98% in the last 50 years. But of course, there’s still more to be done, as the LA area remains one of the smoggiest in the country.
Despite the protestations of industry at the time and since, these rules have not made it impossible for them to operate, or sell cars, or profit from selling cars, in the region.
And California’s newest set of rules is set to save Californians, and the residents of other states who follow them, hundreds of billions of dollars on health, fuel, and maintenance costs through 2050 by encouraging electrification – and of course will save thousands of lives due to pollution reductions. Republicans targeted not just California’s regulation on light duty vehicles today (ACC II), but tried to roll back some other truck emissions rules yesterday (the ACT and HD low-NOx Omnibus rules).
So, Congress has declared it wants to end California’s progress in protecting its own residents. Despite the massive improvement in health and air quality, and reduction in health costs as a result, republicans in Congress are onceagain making it clear that they favor poisoning Americans, so much so that they’ll even try illegal actions to do it.
The problem with using the Congressional Review Act in this situation is that it is doubly illegal to do. The CRA gives Congress the authority to roll back government agency actions, like those of the EPA, but it has been rarely used since its passing, since doing so results in a dysfunctional government and an unpredictable business environment.
But the CRA has a time limit, and Congress must act to reverse these rules within 60 days. The EPA approved California’s waiver on December 18, 2024, which is more than 60 days ago; therefore, the CRA does not apply.
Further, even if it were within 60 days, the CRA can’t be used to reject California’s waiver, because it isn’t a “rule.” The CRA only allows Congress to change “rules,” and the waiver isn’t a rule itself; it’s just EPA telling California that it can set its own rules. Both the Senate Parliamentarian and the Government Accountability Office (the real government office that holds government to account, unlike Elon Musk’s fake and redundant “Department of Government Efficiency” advisory board), along with manyothers have recognized that this is the case, and Congress knows it. But hey, at least they have the oil companies on their side.
So, Congress’ action today is illegal, and doubly so. It knows that this vote has no legal backing – but it still took the vote anyway, impotently screaming from the rafters “WE WANT TO KILL YOU!!!”… which apparently some people still need to hear.
For its part, the California Air Resources Board, the organization responsible for California’s regulations, said “CARB will continue its mission to protect the public health of Californians impacted by harmful air pollution.” So, we hope that CARB will continue to act within the law, and ignore Congress’ ridiculous protest.
That hasn’t stopped other bad actors from stepping in to show support. The auto lobbyist that represents virtually every car company, which calls itself the “Alliance for Automotive Innovation” despite routinely opposing electrification efforts, came out in favor of ending California’s clean air rules. This is despite the weasel who runs the organization, John Bozzella, appearing on stage to give a speech when the EPA implemented rules with similar goals on a national level.
And don’t forget: the Alliance Against Automotive Innovation’s opposition to EVs will signal the nail in the coffin for the US auto industry. China is getting great at building EVs, to the point that other nations are desperately trying to put up barriers to stop them. But it hasn’t worked, and it won’t work. The only thing that will work is getting more serious about EVs, and trying to stop them ain’t it.
And, of course, the oil industry, responsible for untold death and destruction, has also arranged itself on the side of poisoning Americans, alongside republicans in Congress. What a surprise.
We, at least, know what side we’re on.
Update: Republicans have passed the second round of votes today, and have now illegally tried to end all three of California’s regulations they were targeting.
They were joined by some Democrats in eachrespectivevote, including two California Democrats, Whitesides and Correa, both of whom represent areas around LA with high levels of pollution (both of these traitors need to be removed from their posts in the next primary election and feel free to click those links to give them a piece of your mind).
Only one republican, Fitzpatrick of PA, had the good sense to vote against two of these illegal and violent moves (though he voted for the third, and the one that will cause the most pollution and increase people’s costs the most – trying to roll back ACC II). The bills will now go to the Senate, but even if they pass there, they are still illegal.
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It marks a stark contrast to earlier in the year, when BP found itself to be the subject of intense takeover speculation, with British rival Shell, UAE oil giant ADNOC and U.S. majors Exxon Mobil and Chevron all among the names touted as possible suitors.
BP CEO Murray Auchincloss insisted the company was focused on growth when asked about any approaches, saying last month: “That’s what is going to drive the share price up for shareholders.”
Shell, for its part, swiftly denied reports in late June that early-stage talks were taking place to acquire BP. The company said at the time that it had “no intention” of making a blockbuster offer for its embattled rival.
Allen Good, equity analyst at Morningstar, said he was unsure of the merit of the takeover speculation from the outset, even while the company was in turmoil and trading at a steep discount to its peers.
“Shares have since done better,” Good told CNBC. “And I think probably the most recent catalyst was the selection of the new chair, who is coming from CRH and has previous experience with meaningful turnarounds and being successful.”
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Shares of BP since April 11.
Following a green strategy U-turn earlier in the year, BP announced in July the appointment of Albert Manifold as its new chairman. The former boss of building materials producer CRH has since joined the firm’s board and will formally become chair from Oct. 1.
A BP spokesperson was not immediately available to comment when contacted by CNBC.
Oil discoveries and Elliott’s arrival
BP’s share price gain has coincided with some notable rating and price target upgrades. Berenberg, for instance, recently upgraded BP to buy from hold and raised its price target to £5.00 ($6.73), from £3.85, citing the firm’s significantly stronger second-quarter results.
In early August, BP reported underlying replacement cost profit, used as a proxy for net profit, of $2.35 billion for the three months through June — comfortably beating analyst expectations of $1.81 billion, according to an LSEG-compiled consensus.
Speaking to CNBC’s “Squawk Box Europe” shortly after these results, BP’s Auchincloss highlighted the growth potential of the company’s recent oil and gas discoveries, adding that he was “very optimistic” about the discovery in the Bumerangue block in Brazil’s Santos Basin, just over 400 kilometers (248.5 miles) from Rio de Janeiro.
The discovery marked the firm’s 10th since the start of the year and is regarded as a potentially significant boost as BP continues to double down on hydrocarbons.
Russ Mould, investment director at AJ Bell, said BP’s resilience in the face of skepticism “is interesting and can be a telling sign,” particularly as the share price rise comes despite what he described as “relentlessly negative commentary” on both the company and the oil price.
“Elliott’s arrival on the share register remains a factor, too, as the activist presses for disposals, improved cash flow, deleveraging and improved cash returns to shareholders, a clarion call to which BP appears to be listening,” Mould told CNBC by email.
Activist investor Elliott went public with a stake of more than 5% in BP in late April, bolstering expectations that its involvement could pressure the company to shift back toward its core oil and gas businesses.
A fuel pump is seen connected to a car at a gas station in Krakow, Poland on June 19, 2025.
Nurphoto | Nurphoto | Getty Images
Given Shell’s reported interest in a takeover appears to have cooled, Mould said BP’s best defense to any potential suitors would be a higher share price and an improved valuation.
“Valuation, or the price paid, is the ultimate arbiter of investment return and the more they have to stump up, the less likely predators are to appear, as higher valuations limit upside potential and increase downside risks should anything unexpected go wrong,” Mould said.
Debt burden
Looking ahead, energy analysts singled out BP’s relatively high debt burden as a potential cause for concern, however.
BP’s net debt came in at $26.04 billion at the end of the second quarter, down from nearly $27 billion in the first three months of the year.
“If you get a situation where oil prices start falling, then they are certainly the most exposed in the peer group,” Morningstar’s Good said. “So, that would be something that could derail this momentum.”
Government researchers in the US and abroad believe we could help decarbonize and electrify the transportation sector with hardy, fast-growing plants that collect the metals needed to manufacture electric vehicle batteries in their roots, then harvest those metals later with a process that’s cleaner and cheaper than traditional mineral mining.
Getting nickel and other useful metals from plants is made possible through a process called phytomining. But, as you’ve probably guessed, everyday plants don’t collect enough of these metals to make the extraction commercially viable. That’s where a French biotech startup called “Genomines” comes in.
Genomine’s relies on biologically engineered plants it calls “hyperaccumulators.” These plants naturally pull metals and minerals out from the soil they’re planted in through their roots, and store it in their stems and leaves, where Genomine can harvest it later.
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“It’s important because we need a lot of metal, especially for the energy transition in batteries in electric vehicles,” Fabien Koutchekian, co-founder and CEO of Genomines, told Fast Company. “Not only in batteries, but [nickel is] widely used in stainless steel as part of infrastructure. The problem is that with current traditional mining methods, we will not be able to produce enough.”
Bioengineered daisies extract twice as much nickel as before; via Genomines.
Not only are mining operations generally destructive, they often accompany (if not cause) a number of human rights issues as they get to work. “Indigenous Peoples and rural communities are paying a heavy price for the world’s scramble for energy transition minerals,” explains Veronica Cabe, Chair of Amnesty International, Philippines. “Not only did these communities undergo seriously flawed consultation processes – blighted by misrepresentations and a lack of information – they are now being forced to endure the negative impacts of these mining operations on their health, livelihoods and access to clean water.”
“Our mission is to harness plant biotechnology to extract resources essential for clean energy technology via scalable processes that preserve biodiversity, soil health and human well-being,” explains Koutchekian. “Our vision is to create an entirely new industry of plant-based metals. Genomines unlocks a scalable new resource base – we can fundamentally rebalance global mineral supply chains for decades to come.”
Genomines says its methods are not only scalable, but offer a number of additional benefits over conventional mineral mining:
Transformation of non-productive land into economic assets, operating in areas that are too low-grade to mine traditionally, but too metal rich to farm
Quickly deployable farms, operationalizing an asset in 1-2 years versus 12-17 years for traditional nickel mines
Cleaner more traceable extraction, while maintaining 40-50% lower equipment and operational costs as a result of biomass farming
Scalable modularly, deploying smaller, capital-efficient assets at profitable rates, rather than relying on the large, capex-intensive mines of traditional industry
Superior sustainability, the hyperaccumulator plants capture carbon as they grow, making the entire process not just carbon neutral, but potentially carbon negative
“Genomines’ technology leverages underutilized assets by extracting nickel from low-concentration soils that don’t compete with traditional agriculture. Coupled with a structural cost advantage, Genomines is well equipped to fundamentally change the way we extract critical metals, and do it in a significantly more sustainable manner,” says Alex Hoffmann, General Partner at VC firm Forbion and Genomines investor. “We are excited to be part of the journey and support the team to achieve its ambitious targets.”
Genomines estimates that about 30 to 40 million hectares of land across the globe contain enough nickel for their phytomining processes to prove enough nickel for the world’s EV needs, at 7-14 times the amount currently being mined. While it’s got a long way to go, the company currently employs 23 full time staff that are making real progress at their South African site, with many more soon to come.
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Peak Energy just switched on a 3.5 MWh sodium-ion battery, the largest energy storage project developed in the US. The system is the first of its kind at grid scale, and may eventually be a game-changer for delivering affordable energy in the US.
Sodium-ion batteries work well in hot or cold weather without auxiliary cooling systems. That makes them cheaper and easier to maintain, especially for utility-scale projects. They also use more abundant materials. The US holds the world’s largest soda ash reserves, a key sodium-ion ingredient, and the whole raw material supply chain can be sourced domestically or from allied countries.
The Burlingame, California-based energy storage company’s technology is designed to slash lifetime project costs, which could make a real difference as electric bills keep rising nationwide. With US household energy costs projected to climb as much as 18% in the next few years, utilities are looking for cheaper ways to meet demand. Peak Energy’s design eliminates active cooling, reduces moving parts, and cuts battery degradation by 33% over a 20-year lifespan — saving more than $100 million over a project’s lifetime.
“Storage is critical to solving America’s dual energy crises of affordability and availability,” said Landon Mossburg, Peak Energy’s CEO and cofounder. “With the lowest operating cost of any storage system in the market today, Peak Energy is proud to have developed a ready-to-deploy answer to energy affordability.”
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Peak Energy’s sodium-ion phosphate pyrophosphate (NFPP) battery storage system was unveiled in July and is now running at the Solar Technology Acceleration Center (SolarTac) in Watkins, Colorado. It’s being operated in partnership with nine utilities and independent power producers, which makes it the US’s largest energy storage project. Peak Energy will gather real-world data on the battery’s performance and share it across participating utilities. Commercial-scale projects are expected to launch in 2027.
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