Nearly two dozen proponents of a carbon tax across the corporate, economic and advocacy spectrum pitched their climate plan to a bipartisan group of senators over dinner this week.
Why it matters: It's a concrete sign of the growing pressure facing lawmakers to pass big policy on climate change, even though the chances of that happening any time soon remain slim.
The International Energy Agency's monthly market analysis released Thursday says global oil demand will fall by 435,000 barrels per day during this quarter compared to the same period a year ago.
Why it matters: It's the first quarterly contraction in over a decade.
The Energy Information Administration is trimming its 2020 oil demand forecast by 300,000 barrels per day, citing the effects of the novel coronavirus outbreak.
Why it matters: It's the latest sign of how the outbreak is changing oil market forecasts and creating headwinds for a sector already struggling with middling prices.
BP said Wednesday that it is reorienting its business with new climate targets — including first-time emissions commitments for its products' use in the economy — and a new team to help countries, cities and other companies cut carbon.
Why it matters: It's the latest sign of how multinational oil-and-gas giants — especially European-headquartered players — are expanding climate pledges under intense pressure from activists and investors.
House Republicans will detail one pillar of their three-pronged climate plan on Wednesday, focused on capturing carbon emissions.
Driving the news: The policies include subsidizing tree growth to build more wooden buildings, making permanent a subsidy for technology capturing CO2, and boosting federal support for that same tech.
113 animal species need an "emergency intervention" to help support their recovery after they lost at least 30% of their habitat to Australia's bushfires — and many lost substantially more than that.
Details: That's according to a report released by Australia's Environment Department, which consulted a panel of experts to identify species in need of urgent help — including the koala.
