logo
Interior offshore safety agency resisted Gulf office relocation plan

Interior offshore safety agency resisted Gulf office relocation plan

E&E News19-05-2025

The Interior Department's offshore safety agency expressed concerns earlier this year about the prospect of moving offices in the New Orleans area — changes that now appear to be off the table.
Offices occupied by the Bureau of Safety and Environmental Enforcement, or BSEE, appeared on a 'lease termination list' in February, according to records obtained by POLITICO's E&E News through a Freedom of Information Act request.
The 'planned termination' date for leases at four addresses in the New Orleans area was Aug. 31 for two sites and Dec. 31 for the others, the spreadsheet showed. The document listed the Bureau of Minerals Management Service — a precursor to BSEE and its sister agency, the Bureau of Ocean Energy Management — as the entity tied to those leases.
Advertisement
Experts cautioned that office changes could slow President Donald Trump's push to expand domestic oil and gas production in the Gulf of Mexico, which he renamed the Gulf of America. But while Interior did not comment last week on whether the building leases in southeast Louisiana were still being targeted for termination, a local business official is not expecting closures or moves in the area.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says
More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says

Forbes

time26 minutes ago

  • Forbes

More Musk-Trump Fallout: Tesla Sales Will Shrink At Historic Pace, Goldman Says

A pessimistic prediction for Tesla sales from Goldman Sachs added further fuel to the Tesla fire, as the unraveling relationship between Tesla CEO Elon Musk and his former close ally President Donald Trump plays out publicly, accelerating Wall Street's concerns about the increasing exposure of Tesla to Musk's outspoken politics. Elon Musk has alienated 'multiple sides of the political spectrum' from Tesla, according to one ... More prominent Wall Street analyst. In a late Thursday note to clients, Goldman Sachs analysts led by Mark Delaney slashed their forecast for second-quarter Tesla vehicle deliveries to 365,000, far below consensus analyst forecasts of 405,000, according to FactSet. That would be an 18% decline from the same period last year, equating to by far the weakest quarterly deliveries growth since at least 2015, the extent of quarterly delivery data available on Tesla's investor relations website. It's another knock for Tesla as analysts warn this week's quarrel between Musk and the president, who Musk donated $288 million last year to help elect alongside other Republican candidates, could further weigh on Tesla, which is already grappling with declining brand sentiment on the left, historically the base for EV purchasers. This disagreement 'could potentially (temporarily) alienate multiple sides of the political spectrum," warned Morgan Stanley analyst Adam Jonas in a Friday note. Tesla stock bounced back Friday, gaining 6% by early afternoon as part of a broader rally. That only recovered a small portion of Thursday's historic loss, as the Musk-led firm's share price is down 9% since Wednesday. The Musk-Trump division "clearly raises the degree of [near-term' uncertainty' for Tesla, according to TD Cowen analyst Itay Michaeli. Amid the kerfuffle, Trump threatened to cancel all of the federal government's contracts with Musk's portfolio of companies. That would likely impact the private aerospace and communications firm SpaceX far more than Tesla, which does not rely on government contracts for a significant portion of its revenues, but there is a way Trump could target Tesla's bottom line directly. Trump could restrict Tesla's ability to sell its automotive regulatory credits, according to Morningstar strategist Seth Goldstein, referring to the essentially free profit Tesla gets from selling its emissions credits to gas-powered automakers. That could dramatically reduce Tesla profits, as it reported $595 million in those regulatory credits compared to a $934 million net income during 2025's first quarter, meaning the credits directly contributed about two-thirds of its net profit. Since Musk announced his purchase of Twitter (now X) in 2022, Tesla stock has frequently faced downward pressure as its top decisionmaker and shareholder Musk became increasingly outspoken on politics to much controversy. Musk endorsed Trump in July and rose to become perhaps the most prominent and powerful figure in the early days of Trump's second administration, though the perceived impact of Musk's buddying up to Trump turned negative this year as sales globally for the automaker tumbled. In a further sign of fray in the relationship between Musk and Trump, the president has decided to sell his Tesla Model S, according to the New York Times. Tesla is expected to report its Q2 delivery numbers July 2.

Paramount controlling shareholder Shari Redstone diagnosed with thyroid cancer
Paramount controlling shareholder Shari Redstone diagnosed with thyroid cancer

Fox News

time28 minutes ago

  • Fox News

Paramount controlling shareholder Shari Redstone diagnosed with thyroid cancer

Media mogul Shari Redstone, CBS parent Paramount's controlling shareholder, has been diagnosed with thyroid cancer. "Shari Redstone was diagnosed with thyroid cancer earlier this spring. While it has been a challenging period, she is maintaining all professional and philanthropic activities throughout her treatment, which is ongoing. She and her family are grateful that her prognosis is excellent," Redstone's spokesperson told Fox News Digital. The 71-year-old has frequently been in the news this year as she seeks the Trump administration's approval of a multibillion-dollar planned merger with Skydance Media and has given lawyers the green light to settle President Donald Trump's election interference lawsuit against CBS News, although no deal has been reached. Redstone wanted the opinion of doctors "about two months ago after experiencing fatigue and other symptoms," according to The New York Times, which first reported the diagnosis. She underwent surgery in May. The Times noted that she was quickly diagnosed and surgeons removed her thyroid gland but were unable to remove all the cancer cells because they'd spread to her vocal cords. Redstone controls more than three-quarters of Paramount's Class A voting shares through National Amusements, the company she took control of in 2016 when her media mogul father, Sumner Redstone, was deemed too incapacitated to run the company. He died in 2020. Redstone, who recused herself from settlement discussions related to the Trump lawsuit in February, isn't thrilled with being tied up in litigation with the sitting president and wants to get things resolved. Fox News Digital confirmed last week that Trump rejected a $15 million offer to settle his lawsuit. The talks are ongoing, but the president's legal team is demanding at least $25 million and an apology from CBS News. Many industry insiders believe the Federal Communications Commission (FCC) will wait until the lawsuit is in the rearview mirror before deciding if the planned merger with Skydance Media will be approved. Redstone is set for a significant windfall if she's able to flip Paramount to Skydance. Bloomberg reported last year that she would receive $180 million in severance on top of the roughly $350 million she would pocket from the merger. Skydance Media CEO David Ellison, who would take control of CBS as head of the newly formed Paramount Skydance Corp. if the merger is finalized, was aware of Redstone's cancer diagnosis, according to the Times.

Solar Mosaic Plans Bankruptcy Filing as Clean-Energy Woes Mount
Solar Mosaic Plans Bankruptcy Filing as Clean-Energy Woes Mount

Bloomberg

time33 minutes ago

  • Bloomberg

Solar Mosaic Plans Bankruptcy Filing as Clean-Energy Woes Mount

Solar Mosaic LLC, one of the largest US providers of home solar loans, is planning to file for bankruptcy in the face of market uncertainty over federal support of clean energy, according to people familiar with the matter. The Oakland, California-based company recently stopped issuing loans after a new round of financing fell through due to the US House advancing President Donald Trump's massive tax and spending bill, said the people, who asked not to be identified discussing a private matter. The tax bill would end generous tax incentives for residential solar systems and is now being debated in the Senate.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store