Interior Department Substantially Reduces Scope of Willow Project

Interior Department Substantially Reduces Scope of Willow Project

Washington, DC…Today, the Interior Department issued a Record of Decision regarding the proposed Willow Master Development Plan in the National Petroleum Reserve-Alaska (NPR-A). The Department is substantially reducing the size of the project by denying two of the five drill sites proposed by ConocoPhillips, which is seeking to develop oil and gas leases it acquired beginning […]

Governor Newsom Issues Executive Order to Use Floodwater to Recharge and Store Groundwater

Governor Newsom Issues Executive Order to Use Floodwater to Recharge and Store Groundwater

Sacramento, CA…Governor Gavin Newsom signed an executive order to enable local water agencies and other water users to capture water from the latest round of storms to recharge state groundwater supplies. The order suspends regulations and restrictions on permitting and use to enable water agencies and water users to divert flood stage water for the […]

Withdrawal of Areas off the United States Arctic Coast of the Outer Continental Shelf from Oil or Gas Leasing

Withdrawal of Areas off the United States Arctic Coast of the Outer Continental Shelf from Oil or Gas Leasing

Washington, DC…Consistent with principles of responsible public stewardship, and (1) with due consideration of the irreplaceable marine and coastal environments — including for marine mammals, other wildlife, wildlife habitat, scientific research, and Alaska Native subsistence use — of the Beaufort Sea area of the Outer Continental Shelf; (2) independently with due consideration of the vulnerability […]

President Biden on Maintaining a Resilient Banking System

President Biden on Maintaining a Resilient Banking System

Washington, DC…Good morning, everyone. Before I leave for California, I want to briefly speak about what’s happening to Silicon Valley Bank and Signature Bank. Today, thanks to the quick action of my administration over the past few days, Americans can have confidence that the banking system is safe. Your deposits will be there when you […]

FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank.

FDIC Creates a Deposit Insurance National Bank of Santa Clara to Protect Insured Depositors of Silicon Valley Bank.

Washington, DC…Silicon Valley Bank, Santa Clara, California, was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect insured depositors, the FDIC created the Deposit Insurance National Bank of Santa Clara (DINB). At the time of closing, the FDIC as receiver immediately […]

President Biden at the House Democratic Caucus Issues Conference

President Biden at the House Democratic Caucus Issues Conference

Baltimore, Maryland….Hello, hello, hello! (Applause.) Good to see you all. And it’s good — it’s good to be almost home. (Laughter.) Leader Jeffries, thank you for your partnership and your leadership. And, Pete, thanks for organizing this retreat and having me here. You know, she couldn’t be here tonight. I know Whip Katherine Clark — […]

President Joe Biden on Travel to Kyiv

President Joe Biden on Travel to Kyiv

Kyiv, Ukraine…As the world prepares to mark the one-year anniversary of Russia’s brutal invasion of Ukraine, I am in Kyiv today to meet with President Zelenskyy and reaffirm our unwavering and unflagging commitment to Ukraine’s democracy, sovereignty, and territorial integrity. When Putin launched his invasion nearly one year ago, he thought Ukraine was weak and […]

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