Axios

The White House is rolling out new multi-agency initiatives to speed renewable power and transmission deployment at a time when Democrats' huge clean energy investment plan has stalled out in Congress.

Why it matters: President Biden has set a goal of reaching 100% carbon-free power by 2035 and accelerating job growth in low-carbon energy.

World ocean temperatures in 2021 were the hottest ever recorded by humans, according to a new peer-reviewed study.

Driving the news: The research ties the warming trend conclusively to human emissions of greenhouse gases from the burning of fossil fuels, such as coal and natural gas.

Federal Reserve chairman Jerome Powell is offering Democrats fresh pledges to make climate change a priority, but there's little sign he believes the central bank should act to thwart Wall Street finance for polluting industries.

Driving the news: Powell told the Senate Banking Committee Tuesday that the Fed would proceed with analyzing banks' readiness to grapple with global warming and the ways climate change can threaten financial stability.

U.S. crude oil production is projected to set a full-year record in 2023, the federal Energy Information Administration said in a new report.

Why it matters: The forecast in EIA's wider monthly outlook yesterday signals the recovery from the pandemic-fueled production collapse in 2020.

A bunch of new developments highlights a wider trend: intensifying efforts by governments and corporations to secure key minerals needed for electric cars and other clean energy tech.

Driving the news: Tesla and Talon Metals announced a deal on Monday to supply the electric automaker with at least 75,000 metric tons of nickel concentrates from Talon's planned mine in Minnesota. The Star Tribune has details.

European natural gas prices continue to go nuts, as the market has become a theater in the growing conflict between Russia and the West.

Why it matters: Russia is increasingly seen as treating its energy assets as political tools, rather than mere sources of revenue, upending a market once driven largely by basic questions of supply and demand. For now, that geopolitical game of chess is squeezing the balance sheets of Europe's energy companies and ordinary consumers.