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Sen. Lisa Murkowski, Republican from Alaska, at an energy conference in Houston Amy Harder / Axios

HOUSTON — President Trump’s steel tariffs could add a half billion dollars to a proposed natural-gas export terminal project in Alaska, GOP Sen. Lisa Murkowski of Alaska said at an energy conference Friday.

Why it matters: Trump touted the proposal during a trip last year to China, which would receive the fuel and has expressed intention in investing in the project. This project offers a clear picture of Trump’s conflicting agendas: America’s energy dominance around the world on one hand and protectionist trade measures on the other.

This has real impact and at a time when we’re trying to build out on that energy promise that we have, whether it’s up north or elsewhere around the country, this is not coming at a good time for us.”
— Sen. Lisa Murkowski, Republican from Alaska

Flasback: The state of Alaska, alongside Trump, a proposed $43 billion deal in Noveber where China’s biggest state-owned oil company, Sinopec, one of its top banks, and a sovereign wealth fund would invest billions of dollars to develop a pipeline and export terminal to export U.S. liquified natural gas (LNG) to Asia. Many analysts doubt the proposal will actually come through, though, given a lack of details and firm commitments at the time of the announcement. The tariffs add yet another hurdle to the idea.

“When you think of an extraordinarily costly project in the first place, the impact of these tariffs to the overall cost is a concern and is considerable,” Murkowski told reporters Friday after speaking at the CERAWeek conference hosted by IHS Markit.

Go deeper: Reuters has more on Murkowski’s broader comments on trade and those by Sen. John Cornyn, a Republican from Texas.

Go deeper

Biden says presidency "will be determined" by outcome of spending plans

President Biden walks with House Speaker Nancy Pelosi after addressing the House Democratic caucus on Thursday. Photo: Jim Watson/AFP via Getty Images

President Biden told the House Democratic caucus Thursday "my presidency will be determined" by the votes he wants in the next week on his $1.75 trillion social safety net expansion and $1.2 trillion infrastructure package.

Driving the news: Biden made the comment, according to a source in the room, as he tried to rally support for the $1.75 trillion package. House Speaker Nancy Pelosi acted immediately, calling for a vote on the $1.2 trillion bipartisan infrastructure bill later in the day.

Ben Geman, author of Generate
42 mins ago - Energy & Environment

China declines to speed emissions cuts in new UN pledge

A view of the skyscrapers in the haze in Shanghai, China, in December 2020. Photo: Feature China/Barcroft Media via Getty Images

Chinese leaders are sticking with a prior target to bring the country's carbon emissions to a peak before 2030, according to documents filed with the United Nations Thursday under the Paris climate agreement.

Why it matters: The new documents come just days ahead of the UN climate summit (COP26) in Glasgow. China is by far the world's largest greenhouse gas emitter, and its emissions path is key to whether the temperature-limiting goals of the Paris agreement can remain within reach.

Updated 2 hours ago - Politics & Policy

Biden lays out $1.75 trillion "framework" before Europe departure

President Biden in Kearny, N.J., on Oct. 25. Photo: Michael M. Santiago/Getty Images

President Biden announced Thursday a "framework" for $1.75 trillion in social program and climate change spending after failing in prior efforts to win over his fellow Democrats on a much broader and costlier package.

Why it matters: Biden is gambling that by proclaiming the broad contours of the proposal, which he immediately began selling in a meeting with House Democrats before jetting off to Europe, progressives will vote for his $1.2 trillion infrastructure plan if and when House Speaker Nancy Pelosi brings it to the floor.