President Trump wants to fast-track U.S. coastal projects to find and extract minerals from the ocean floor that can be used for defense, energy and other industrial applications.
Why it matters: Oceans are potentially rich source of manganese, cobalt, nickel and copper — materials crucial to the energy transition — bound up in nodules on the sea floor.
Michael Polsky, founder and CEO of independent power giant Invenergy, has plenty on his plate. But one priority stands out.
"If I could only be allowed to give one [piece of] advice to the administration, what to do, what's most important, I would say, 'Support transmission development. Everything else will come,'" he tells Axios.
Two of the world's largest oilfield services companies — Halliburton and Baker Hughes — have offered specifics on how they see tariffs hitting their business.
Why it matters: Trade wars are a double threat for oil producers and their contractors.
A rapidly growing wildfire in the Pine Barrens area of southern New Jersey prompted evacuation orders for about 3,000 people and shut down parts of a major highway in the state for hours on Tuesday.
The big picture: The Jones Road Forest Fire was burning across some 8,500 acres at 10% containment just before 11pm ET, some nine hours after the New Jersey Forest Fire Service announced its ignition in dry, windy conditions near Barnegat Township in Ocean County.
