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Interior nominee Deb Haaland looks to thread the needle on oil

President Biden's pick for Interior secretary faces a balancing act as she defends limits on oil-and-gas development while responding to concerns that the initiatives — and her own policy views — threaten producing states.

Driving the news: Rep. Deb Haaland (D-N.M.) appears this morning before the Senate energy committee vetting her nomination and faces critical questioning from GOP members.


  • "There’s no question that fossil energy does and will continue to play a major role in America for years to come," she states in her prepared remarks.
  • "I know how important oil and gas revenues are to fund critical services," she intends to tell the panel.

But, but, but: "We must also recognize that the energy industry is innovating, and our climate challenge must be addressed," her remarks note.

Haaland has called for much more aggressive steps on climate change and previously expressed opposition to fracking on public lands.

Why it matters: The careful framing of her statement to senators reflects the delicate politics of Biden's oil-and-gas and climate policies — and the key role Interior plays in some of them.

  • Biden has frozen new leasing on federal lands and waters — including Haaland's home state, which has lots of production from federal areas.

What they're saying: Administration officials have pointed to companies' stockpiles of current leases.

  • But the industry has bashed the policy on new leases and fears Interior is also making it harder to develop existing acreage, even as the agency has been emphasizing that permitting is proceeding.
  • "We...urge members of the Committee to seek assurances that Ms. Haaland will protect America’s ability to access our oil and natural gas resources," the American Exploration and Production Council, said in a statement.

What we’re watching: Haaland could play a role in determining whether a contentious copper-nickel mine moves forward in northeastern Minnesota.

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Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Florida oxygen shortage hits more than hospitals

A shortage of medical-grade oxygen in COVID hotspots like Florida is rippling through the economy, crimping manufacturing and intensifying a shortage of truck drivers.

Why it matters: It's the latest example of the supply chain chaos that's developed in the pandemic economy. Oxygen suppliers like Airgas have diverted all their supply to hospitals, leaving industrial customers in a lurch — and potentially putting themselves in legal jeopardy for breaching contracts, sources tell Axios.

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