Trump's tweeting habits are one sign of how much the president hopes his strong support for fossil fuels will help get him over the top today.
Why it matters: Pennsylvania, a state critical to Trump's re-election chances, is the nation's second-largest natural gas producer. And polls show Texas, which is at the top in oil and gas production, is also in play this year.
Volvo said it's making "significant investments" to bring design and development of electric motors in-house as the automaker prepares to expand its electric vehicle lineup.
Why it matters: Volvo's goal is to have EVs account for 50% of its sales by 2025, with the rest hybrids.
Market forces have been in the driver's seat during President Trump’s first term, which means oil-and-gas kept growing (until the pandemic), he couldn’t revive coal, and the country stayed far away from policies that would drive steep future carbon cuts.
Where it stands: The administration launched a big deregulatory push to scuttle Obama-era climate policies and support coal, oil and gas. Here are a few snapshots of what happened over the last four years.
Crude oil is trading at its lowest levels in over five months as new cases of COVID-19 are rising globally, a bearish sign for the recovery of petroleum demand.
Why it matters: The stalled (and now reversing) price recovery is ominous for the industry, including indebted U.S. producers that were struggling even before the crisis. This year has brought a slew of bankruptcies.
On Nov. 4, the U.S. will have bailed (pretty sure that's the precise diplomatic term) on the Paris climate agreement, but the date's significance depends almost entirely on what happens a day earlier.
Driving the news: Wednesday marks a year since the Trump administration started the one-year countdown required under the pact's rules to formally abandon the deal, though President Trump first announced the plan back in 2017.
Expect Joe Biden to pursue the most aggressive climate-change plan in U.S. presidential history should he win the election.
Driving the news: A sea change would come to Washington, D.C., but the aspirations he laid out in his campaign are far higher than what political reality allows.
