Fiscal · 04 Nov 2026 · CBO / appropriations calendar
Federal funding runs out December 11 — shutdown risk in lame duck
Budget fights, shutdown risk and agency politicization can slow licenses, grants, customs decisions and permits.
riskimmediateconf. 80%
1 · What happened — evidence
- ▸CR expires Dec 11
- ▸No omnibus framework agreed
- ▸Agencies issuing contingency guidance
2 · Why it matters to us
3 federal permits and 1 DOE grant milestone fall within Dec–Feb.
Key question · Does it delay a permit, capex decision or customer project?
3 · Financial / operational impact
Shutdown of 4+ weeks: ~€6m cost from delayed customs and permits.
Route to
COOCROSupply Chain DirectorOperations & EnergyRisk & ComplianceSupply Chain
4 · Affected exposures
5 · Scenario effects
6 · Decisions & actions
Shutdown contingency: accelerate customs & permit filings
COO · due 01 Dec 2026 · In review
File early for 3 federal permits30%
Arrange bonded storage at Houston0%