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EPA chief back on defensive over security, ethics

  • Market: Coal, Crude oil, Emissions, Natural gas, Oil products
  • 16/05/18

US Environmental Protection Agency (EPA) administrator Scott Pruitt faced another bruising day on Capitol Hill as his critics tried to show he was closely involved in actions that have spawned at least a dozen investigations.

Pruitt was more conciliatory today about controversies he is facing over his close ties to lobbyists, lavish travel arrangement and attention to secrecy, saying in hindsight he would have done some things differently. But he continued to deflect blame for many actions and said some of the criticism came from those who opposed his policies.

"I share your concerns about some of these decisions, I want to rectify those going forward," he said at a hearing in the US Senate. "I also want to highlight to you that some of the criticism is unfounded and I think exaggerated."

Democrats spent much of the hearing probing if Pruitt was more involved than he has said publicly. Pruitt said he did "not recall" ever encouraging his security detail to use vehicle sirens and lights to expedite travel in non-emergency situations. Senator Tom Udall (D-New Mexico) moments later released an email from former security chief Pasquale Perrotta indicating he had.

"Lights and Sirens," the email subject line reads. "Administrator encourages the use."

Pruitt continued to argue it was not him but career law enforcement officials who recommended that he have an around-the-clock security detail that has already cost nearly $3mn. Senator Chris Van Hollen (D-Maryland) said that conflicts with a report from EPA's inspector general that said the decision to provide that security came in response to a request from Pruitt.

Senator Patrick Leahy (D-Vermont) said Pruitt's actions in office have turned him into a "laughingstock." And Udall said actions such as renting a room from a lobbyist and other actions were the type of "swampy behavior" that President Donald Trump promised to end.

"You have used your office to enrich yourself at the expense of the American taxpayer and public health," Udall said.

Republicans have largely stood by Pruitt. But a few seem to be losing their patience over the string of controversies and what some see as a lack of commitment to the Renewable Fuels Standard. Senator Chuck Grassley (R-Iowa) yesterday said that if Pruitt pushes changes that cut ethanol consumption by billions of gallons he would call for him to resign.

Trump last week said he still has confidence in Pruitt. But that might change depending on the outcome of by one count 16 pending investigations being led by the agency's inspector general, the US Government Accountability Office and the White House. Pruitt today confirmed reports that a legal defense fund has been set up on his behalf.


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02/12/24

Mexico central bank flags 2025 growth uncertainty

Mexico central bank flags 2025 growth uncertainty

Mexico City, 2 December (Argus) — Mexico's central bank (Banxico) maintained its base-case 2025 GDP growth estimate at 1.2pc, with a range of 0.4pc to 2pc, citing heightened global uncertainty fueled by geopolitical conflicts and potential shifts in international economic policies. Central bank governor Victoria Rodriguez last week addressed US president-elect Donald Trump's proposed 25pc tariffs on Mexican goods, urging caution until the trade situation clarifies. Mexican president Claudia Shienbaum initially responded with a firm stance, saying Mexico could apply counter-tariffs. Later, Sheinbaum and Trump had a "friendly" phone call to discuss issues surrounding the proposed 25pc tariff on Mexican and Canadian imports, Sheinbaum said. Banxico raised its 2024 GDP growth forecast to 1.8pc from 1.5pc in its previous quarterly report in August, driven by stronger-than-expected third-quarter performance. Still, Banxico noted that the additional growth is driven by increased spending on imported goods rather than domestic production, particularly in investment and private consumption. Inflation dynamics remain mixed. While headline inflation rose to an annualized 4.76pc in October, core inflation eased to 3.58pc, its lowest level since mid-2020. Rodriguez emphasized progress on inflation despite external uncertainties, signaling room for further monetary easing. Banxico cut its target interest rate by 25 basis points to 10.25pc on 14 November and is widely expected to lower it again to 10pc at its 19 December meeting. Projections from Mexican finance executives institution (IMEF) suggest the rate could drop to 8.25pc by the end of 2025. Banxico also revised its 2024 inflation forecast to 4.7pc from 4.4pc in the August report but expects inflation to return to its 2–4pc target range by early 2025, with a 3pc rate projected by the fourth quarter. Other adjustments include a downgraded forecast for formal job creation in 2024 and 2025, with the range estimate for full-year job creation in 2024 dropping to 250,000–350,000 from 410,000-550,000 in August. The 2025 estimate came down to 340,000–540,000 from 430,000–630,000.The 2025 trade deficit outlook was also tightened to $14.9bn–$22.1bn, compared to a previous range of $13.7bn–$23.7bn. By James Young Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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Lower prices support German fuel demand


02/12/24
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02/12/24

Lower prices support German fuel demand

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India’s base oil imports rise in 1H FY24-25


02/12/24
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02/12/24

India’s base oil imports rise in 1H FY24-25

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Australia’s Dartbrook mine prepares for first coal sale


02/12/24
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02/12/24

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Denmark pledges DKr150mn to Brazil's Amazon fund


29/11/24
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29/11/24

Denmark pledges DKr150mn to Brazil's Amazon fund

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