Energy & Environment

Why it matters: Ominous forecasts about the impact of climate change serve as the backdrop for the world — led by U.S. lawmakers and companies — to debate big action on the problem, which could upend energy systems and our way of life.

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17 hours ago - World

Trump administration renews push for Israel-Lebanon talks on Mediterranean gas fields

The platform of the Leviathan natural gas field in the Mediterranean Sea off the Israeli coast. Photo: Jack Guez/AFP via Getty Images

The Trump administration has renewed its push for opening direct talks between Israel and Lebanon on the demarcation of their maritime borders in order to find a solution for the dispute between both countries over natural gas explorations in the eastern Mediterranean Sea, Israeli and U.S. officials told me.

Why it matters: Israeli officials say the Trump administration hopes to launch Israeli-Lebanese diplomatic talks before November's election. There have been no such talks between the countries in 30 years, and renewing Israeli-Lebanese negotiations would be a big achievement for the White House.

18 hours ago - Economy & Business

GM's eyes are wide open on Nikola partnership

GM CEO Mary Barra. Photo by Chip Somodevilla/Getty Images

This week General Motors found itself having to defend a deal in which it can't lose — illustrating how distorted the markets have become over newly public electric vehicle companies.

Catch up quick: On Sept. 8, GM announced a strategic partnership with Nikola Motor Co., a high-flying startup with ambitions to build electric and hydrogen fuel-cell trucks, but no revenue. Nikola shares soared 40% on the news, and GM climbed too.

Ben Geman, author of Generate
20 hours ago - Economy & Business

Why Amazon committed $2 billion to fund clean energy technology

Illustration: Sarah Grillo/Axios

Matt Peterson, a senior Amazon exec, joined the "Axios Re:Cap" podcast to explain the thinking behind the tech and commerce giant's climate venture capital fund, which rolled out its first investments on Thursday.

Why it matters: The fund, $2 billion to start, is beginning to invest on the heels of Amazon's late 2019 pledge to be net-zero emissions by 2040.

Ben Geman, author of Generate
20 hours ago - Energy & Environment

Tallying Trump's climate changes

Reproduced from Rhodium Climate Service; Chart: Axios Visuals

The Trump administration's scuttling or weakening of key Obama-era climate policies could together add 1.8 gigatons of carbon dioxide equivalent to the atmosphere by 2035, a Rhodium Group analysis concludes.

Why it matters: The 1.8 gigatons is "more than the combined energy emissions of Germany, Britain and Canada in one year," per the New York Times, which first reported on the study.

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