Wringing carbon emissions out of transportation isn't easy, but new analysis sees a cost-effective path to major reductions over the next decade.
Why it matters: Combined emissions from cars, trucks and other transport segments overtook electric power as the nation's biggest CO2 source several years ago.
Colonial Pipeline paid hackers linked to the DarkSide cybercrime group nearly $5 million in cryptocurrency after last week's ransomware attack, Bloomberg first reported and the New York Times confirmed.
Why it matters: The breach of the largest refined fuels pipeline in the U.S. triggered new concerns about the vulnerability of the country's increasingly digitized energy systems.
Investing in clean energy technologies is crucial to America's economic vitality and security, Energy Secretary Jennifer Granholm said at Axios virtual event on Thursday.
Why it matters: Clean energy technology is a $23 trillion global market.
ExxonMobil Corp. has switched their public relations tactics from outright denial of human-caused global warming to more subtle ways of portraying a fossil fuel-based economy as driven by consumer demand and inevitable, a new study finds.
Why it matters: The new study, published Thursday in the journal One Earth, analyzes Exxon's internal and external communications to identify and characterize the use of language through machine learning and matches them up with narratives about climate change.
Restoration of the Colonial Pipeline, the huge East Coast gasoline artery, is the beginning of the end of a crisis that prompted a White House logistical and political scramble.
Catch up fast: Late Wednesday afternoon, Colonial began a restart of the 5,500-mile line that shut down nearly a week ago after a ransomware attack.
The Biden administration approved a temporary waiver of shipping requirements late Wednesday to help Colonial Pipeline transport fuel, as service resumes across the U.S. following last week's ransomware attack that that took it offline.
Why it matters: The century-old Jones Act requires ships to be built in the U.S. and crewed by American workers, but the waiver means foreign companies can transport gasoline and diesel to areas where there are fuel shortages.
Boeing gained approval from the Federal Aviation Administration for a "fix" to an electrical issue that sidelined roughly 100 of its 737 MAX planes worldwide, Reuters first reported Wednesday night.
Why it matters: Wednesday's approval paves the way for a swift return of the flights that were removed from service early last month.
Top White House officials — including counselor Steve Ricchetti and National Security Council chief of staff Yohannes Abraham — briefed President Biden about the Colonial Pipeline hack at Camp David last weekend, sources familiar with the response tell Axios.
Why it matters: The high-level response, which also included daily calls from national security adviser Jake Sullivan, underscores the administration's heightened concern about fallout from the hack — both from national security and political perspectives.
The gas may be flowing again, but the White House is more worried than it's letting on about the potential fallout of the Colonial Pipeline hack that caused fuel shortages and triggered price increases, Axios has learned.
Behind the scenes: Senior Biden officials are acutely sensitive to the images of lines outside gas stations before Memorial Day — the typical launch to the summer driving season. Republicans also are jumping on the bandwagon, suggesting Joe Biden is a modern-day Jimmy Carter.
Consumers can no longer buy Tesla vehicles with bitcoin, CEO Elon Musk announced on Twitter Wednesday.
What he's saying: Musk cited the environmental concerns associated with bitcoin — the cryptocurrency has a massive carbon footprint — as his reasoning behind Wednesday's decision.
Why it matters: At least 11 states and Washington, D.C., have experienced gas shortages since a ransomware attack forced the critical pipeline running from Texas to New York to shut down on Saturday.
The Environmental Protection Agency released a report on Wednesday warning of disturbing changes across the United States caused at least partially by global warming.
Why it matters: The report was delayed for three years under the Trump administration. The former president and his officials, including EPA administrators, disputed the scientific evidence on global warming and rolled back several Obama-era climate policies.
At least 11 states and Washington, D.C. are experiencing gas shortages after a ransomware attack forced Colonial Pipeline, a critical pipeline running from Texas to New York, offline on Saturday, according to crowdsourced data collected by the app GasBuddy.
Why it matters: The event demonstrates how a cyber breach of critical infrastructure can cripple large swaths of the country and that no company is safe from ransomware attempts.
The British asset management firm LGIM has thrown its weight behind activist investors' push to force Exxon into getting more aggressive on climate change.
Driving the news: LGIM, citing "persistent climate and governance concerns," yesterday endorsed the slate of board nominees from the investment group Engine No. 1.
Gas stations in several statesare out of fuel and AAA reports the nationwide average price breached $3-per-gallon for the first time in six years amid the cyberattack-induced shutdown of the Colonial Pipeline.
Driving the news: The ransomware attack on Colonial Pipeline, the nation's largest refined fuel pipeline that extends from Texas into the Northeast, is creating a scramble as the outage persists into its sixth day.
Reports of fuel shortages across the U.S. emerged on Tuesday as the national average for gasoline prices soared to its highest level since 2014 amid a key fuel pipeline shut down, per Bloomberg.
What's happening: Operator Colonial Pipeline aims to have service restored by the week's end following last Friday's ransomware attack that shut down some 5,500 miles of pipeline from Texas to New Jersey. The governors of Florida, Georgia, Virginia and North Carolina declared states of emergency Tuesday due to shortage concerns.
