The Trump administration is not planning specific financial aid to beleaguered oil producers, Energy Secretary Dan Brouillette told Axios Wednesday.
Driving the news: The administration has taken a few narrow steps. But rumors have been rampant that the government was planning a drastic move ever since President Trump tweeted on April 21 that he ordered Brouillette and Treasury Secretary Steven Mnuchin to "formulate a plan which will make funds" available to the sector.
A new group staffed by veterans of Democratic politics and advocacy is launching today with the aim of "changing the politics of climate in 2020" — especially in swing states.
Why it matters: The launch of Climate Power 2020 represents both a new effort to put President Trump on the defensive but also to lay the groundwork for Democrats to prioritize climate policy during and after the election campaign.
The Energy Information Administration has again cut its U.S. oil production forecast as companies curb output amid the price and demand collapse driven by the coronavirus pandemic.
Driving the news: The agency now sees production averaging 11.7 million barrels per day this year and 10.9 million in 2021.
A new Wood Mackenzie report tries to grapple with ways that the coronavirus pandemic might be an inflection point for the global energy system that changes its trajectory for decades.
Why it matters: The consultancy concludes that, depending on how things shake out, the pandemic could greatly accelerate coal's decline and hinder the long-term growth of oil demand.
Rep. Alexandria Ocasio-Cortez (D-N.Y.) will join the climate change policy task force for Joe Biden's campaign, reports CNN.
Why it matters: The Biden campaign is forming multiple such groups to help bridge the policy divide with progressive Bernie Sanders supporters in the Democratic Party. AOC is among the most high-profile and influential figures in the party's progressive wing.
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."
