Biden faces internal split over funding oil and gas projects overseas

The Biden administration is backtracking on its promise to end U.S. financial support for international fossil fuel projects, sparking an internal policy debate among top officials as they seek to balance climate goals, energy security, and diplomatic alliances. POLITICO’s Zack Colman breaks down this controversial policy pivot, the tense dynamics within the Biden administration, and the climate and geopolitical implications. Plus, companies have announced more than $270 billion in clean energy investments in the past year according to a new report from the American Clean Power Association. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Catherine Morehouse is an energy reporter for POLITICO. Zack Colman covers climate change for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Annie Rees is a senior audio producer-host at POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO.