OPEC and allied producers — notably Russia — are coalescing around a plan to deepen their joint crude oil production restrictions by 500,000 barrels per day, according to multiple reports from Vienna, where the OPEC+ group is currently gathered.
Why it matters: The emerging agreement signals how petro-states are grappling with how to prop up prices amid rising supplies from the U.S. and elsewhere, and sluggish global demand that's hampered by trade battles.
BP announced Wednesday that it will start providing Amazon with renewable electricity to fuel European data centers that power the tech giant's cloud platform.
Why it matters: Data centers are very energy thirsty, and account for a great deal of the tech sector's carbon emissions.
Models that climate scientists used in recent decades to project temperature changes have generally been very accurate, a new peer-reviewed study concludes.
Why it matters: It serves to rebut conservative opponents of proposals aimed at cutting emissions, who have long argued that models haven't gotten it right as part of broader attacks on climate science.
OPEC and Russia are deciding next steps in their three-year effort to restrict production in order to prop up prices, during their two-day meeting currently underway in Vienna.
Why it matters: It will reveal how Saudi Arabia and Russia, the OPEC+ group's dominant players, will continue grappling with soft global demand and the rise of U.S. shale production.
GM and Korea's LG Chem announced a $2.3 billion joint venture on Thursday to mass-produce battery cells for electric vehicles in Ohio, creating 1,100 new jobs.
Why it matters: The new battery plant could likely employ many of the 1,200 auto workers who lost their jobs when GM shut its Lordstown car assembly plant in March. And it's a further sign of GM's commitment to an electric car future.
There's fresh evidence that powerful industries are slowly shifting on climate change to keep up with the times and protect their interests.
Driving the news: The Natural Gas Supply Association on Tuesday said it backs carbon pricing — a message partly aimed at states crafting emissions-cutting plans.
A new note from the Rhodium Group helps explain why environmental groups and renewables trade associations are throwing their weight behind House Democrats' legislation to extend a suite of tax incentives.
The big picture: Compared to current policy, U.S. emissions would be 37 million to 99 million tons lower in 2030 if the wide-ranging draft bill unveiled recently were enacted, the research firm projects.
A major new report on global carbon dioxide emissions growth is largely bad news, but if you squint you can find some (rather small) bright spots.
Driving the news: The rate of increase decelerated this year as coal consumption dipped and economic growth slowed, but emissions still hit a record high, per new data from a research consortium called the Global Carbon Project.
Elizabeth Warren is suddenly having a harder time selling her big ideas in the Democratic primary. As president, she'd have an even tougher time convincing Congress — even if Democrats held both chambers.
The big picture: A President Warren could immediately translate some of her progressive ideals into the policy of the land through executive order, but her best-known, most ambitious plans would have to go through Congress.
Here’s a look at the odds for 10 of Elizabeth Warren’s most ambitious plans, according to Democratic aides, former White House policy officials from both parties, and Axios’ issue experts.
The growth of global carbon dioxide emissions slowed this year as coal consumption dipped, per new data from a research consortium called the Global Carbon Project.
Why it matters: It underscores how the emissions trajectory is nowhere close to the steep cuts scientists say are needed in the years and decades ahead to meet the goals of the Paris climate deal.
