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Venezuela’s political crisis has reached a boiling point amid growing efforts to unseat authoritarian leader Nicolás Maduro. The country has been caught in a downward spiral for years, with growing political discontent fueled by skyrocketing inflation, power cuts, and shortages of food and medicine. U.S. officials have been hesitant to apply sanctions on Venezuelan oil, fearing they would exacerbate the humanitarian crisis in the country and potentially push up fuel prices in the U.S. But with Maduro and National Assembly leader Juan Guaidó locked in a struggle for control of the streets and the military, it seems they’ve decided it’s now worth the risk.
Media reports are conflicting, some presenting this as a total oil trade cut-off with the United States, but the government shut-down and the rapid nature of the decision-making on Venezuela leaves many experts questioning just how far the sanctions go, and what that might mean for oil markets.
On this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Center on Global Energy Policy experts Distinguished Visiting Fellow Minister Mauricio Cárdenas, Senior Research Scholar Antoine Halff, and Senior Research Scholar Richard Nephew to discuss what prompted the sanctions, and their impact on trade, fuel supply and prices.
From oil pipelines crossing the border to integrated electricity grids, energy trade has long been a key part of the economic relationship between the United States and Canada....
After more than three years of intense fighting following Russia's invasion of Ukraine in February 2022, the path to end the war has been challenging. President Trump has...
As President Biden’s national security advisor, Jake Sullivan laid out a strategy for what he called a “foreign policy for the middle class.” Using the metaphor of a...
It’s hard to overstate how consequential President Trump’s “Liberation Day” tariffs have been for American economic policy. While the administration has paused the steep reciprocal tariffs it announced...
Saudi Arabia’s recent moves into the liquefied natural gas (LNG) market may be a sign the giant oil exporter is looking to expand into a rapidly growing and politically influential market it had long ignored.
On April 30, 2025, the United States and Ukraine signed a long-anticipated economic partnership agreement establishing the US–Ukraine Reconstruction Investment Fund.
The Trump administration may release a blueprint for a US sovereign wealth fund (SWF) in early May after the president signed an executive order in February giving the Secretary of the Treasury and the Secretary of Commerce 90 days to develop a plan.
President Donald Trump’s second term has begun with sweeping changes, just as the candidate promised: tariffs instituted against allies and adversaries alike, budgets and programs cut, and entire agencies shuttered.