💵 EPA is taking initial steps to deploy $27 billion under the new climate law for emissions-cutting projects, with a focus on low-income and disadvantaged communities, Ben writes.

Driving the news: The agency released initial guidance documents for the Greenhouse Gas Reduction Fund, including a $7 billion program that will focus on community and residential solar.
What’s next: “EPA expects to open competitions for funding under the Greenhouse Gas Reduction Fund by summer 2023,” the agency said. AP has more.
🛢️Alaska’s senators are pressing the White House to avoid placing restrictions on ConocoPhillips’ big proposed Willow project that would make it unviable, Bloomberg reports.

The intrigue: “The project creates a political challenge for President Joe Biden, who has sought to accelerate the U.S. transition away from fossil fuels while also asking American oil companies to produce more crude in the meantime in a bid to tame gasoline prices,” their piece notes.

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