President Biden is about to have his first big opportunity to rally global climate action as he visits Rome for the G20 meeting and Glasgow for the crucial COP26 climate summit.
The big picture: Biden will arrive in Glasgow on Monday with a significant new goal: $555 billion in climate-related spending. But tensions with China, lingering mistrust of the U.S. on climate and the inherent difficulties of corralling 197 countries are all working against him.
Why it matters: It's the most significant climate case to reach the Supreme Court since 2007 and could impact the Biden administration's clean power plans, according to E&E News.
Hopes for a breakthrough with Chinese leaders are hanging by a thread just two days before the UN climate summit, but the story's not over yet.
Catch up fast: China, in a long-awaited new submission to the UN Thursday, declined to speed up its existing pledge to reach peak carbon emissions before 2030.
Thursday’s six-hour-plus House questioning of Big Oil executives about their history of lobbying and climate change disinformation tactics produced fireworks, but the real impact of the inquiry will take a long time to unspool.
Catch up fast: The House Committee on Oversight and Reform is conducting an investigation into how much the fossil fuel industry knew about the dangers its products pose to the climate, and the funding of groups to mount climate misinformation campaigns.
If you saw the news that oil prices pulled back this week, don’t get too excited for your pocketbook just yet.
Driving the news: U.S. crude may have receded a few bucks from its seven-year record high — but global energy demand still signals that there’s room for this year’s upward march to resume.
