Stories by Ben Geman

High-stakes climate talks head for overtime

The logo of the World Climate Summit. Photo: Monika Skolimowska/picture alliance via Getty Images

The UN climate conference is Poland is running into overtime as negotiators haggle over implementation plans for the 2015 Paris agreement. They're likely to extend into Saturday at least.

The latest: "Preparing for more lengthy debate, organizers extended the close of the meeting by two days, until Sunday. Some of the key issues at the talks remain unresolved, but European diplomats and campaigners expressed hope that an agreement was in sight," AP reports.

Offshore wind companies bid record amounts to develop U.S. waters

Photo of an offshore wind farm
Photo: Paul Ellis/AFP via Getty Images

Wind energy companies bid record-shattering amounts Thursday for the rights to develop federal waters off the Massachusetts coast, offering the Interior Department a combined $285 million thus far for three tracts. And the auction isn't even over yet! It resumes today.

Why it matters: The robust bidding signals that offshore wind in the U.S., which has been way slower to develop than in the big European market, is poised for significant expansion.

The U.S. joins Russia and Saudi Arabia at the top of the new oil order

President Trump, Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin. Photos: Getty Images

In the near-term, the new OPEC+ deal may have steadied the volatile market; while in the long-term, the U.S. influence on global markets is now massive.

The big picture: The International Energy Agency's latest oil market analysis is a CliffsNotes look at how the U.S. has joined Russia and Saudi Arabia as entrenched members of the super-producers club. The U.S. pumps well over 11 million barrels of crude per day and climbing.

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