Axios

Nissan, which introduced the electric Leaf a decade ago but now has just a small share of the EV market, is looking to power up its efforts.

Driving the news: The company said Monday that it's investing $17.6 billion into electrification efforts over the next five years.

The pipeline of carbon capture projects worldwide is growing and there are signs that fewer plans will die on the vine than in the past, the International Energy Agency said.

Why it matters: Carbon capture, utilization and storage has the potential to curb emissions from heavy industries and power generation. But the long-hoped-for scale-up of commercial deployment has unfolded very slowly.

Oil prices have swung wildly in recent days as traders grapple with two uncertainties — the Omicron variant's impact and OPEC+ output plans.

Catch up fast: Oil plunged Friday on word of the new variant and travel restrictions, with U.S. prices falling 13% and the global benchmark Brent crude by just slightly less.

The big policy news over the break was the Interior Department's Black Friday release of its review of oil-and-gas leasing policy.

Catch up fast: The long-awaited document recommends higher royalty rates, bidding costs and rental costs.

The latest ferocious storm system to hit the Pacific Northwest triggered fresh evacuation orders and at least one mudslide in flood-ravaged British Columbia, Canada, late Sunday.

Threat level: Flood sirens sounded in Washington state as the Nooksack River overflowed. Henry Braun, mayor of Abbotsford, B.C., told reporters the water flow was headed toward the Canadian border city later Sunday. "There's nothing to stop it," he said.