Weather forecasts draw on data collected by commercial aircraft, and the sudden drop in passenger flights may be impacting meteorology as we head into hurricane season. Dan digs in with the Washington Post's Andrew Freedman.
Add BP CEO Bernard Looney to the list of people who think oil demand may never fully recover after the coronavirus pandemic, even though it's already coming back from the depths of the collapse.
Driving the news: “I don’t think we know how this is going to play out. I certainly don't know,” he told the Financial Times (subscription).
Tesla's California factory is now ground zero in the politically fraught debate about how to revive economic activity nationwide — and the decisions can have potentially life-or-death consequences for workers.
Driving the news: Tesla CEO Elon Musk yesterday announced reopening the electric automaker's Fremont manufacturing plant in defiance of county officials.
Coming soon (perhaps) to a country near you: A coronavirus-Paris climate deal crossover.
Driving the news: The World Bank wants to help nations ensure their upcoming emissions pledges under the Paris climate agreement are transformed into a "pipeline of shovel-ready activities."
Investors have abandoned oil at warp speed so far this year as futures prices have fallen to record lows. Even as oil has bounced from its record trough in April, investors remain skeptical about the chances for sustained value appreciation.
Why it matters: "Typically, oil price fluctuations have a small aggregate impact on US growth, with roughly offsetting effects from the energy capex and consumption channels," Paul Choi, biotechnology analyst at Goldman Sachs, writes in a note to clients.
Economists, investors and environmentalists are calling on the United States — and the world — to inject big clean energy and climate policy into recovery plans.
Reality check: Such prospects face uphill battles almost everywhere, and especially in the United States, where proponents are on defense while the Trump administration and lawmakers are in crisis mode.
