Saturday's energy & environment stories

Trump reverses decision to reject California wildfire aid

Photo: Justin Sullivan/Getty Images

California Gov. Gavin Newsom (D) announced on Friday that President Trump reversed his earlier decision to reject wildfire disaster relief for the state, hours after Trump administration officials explained why the state should not receive the aid.

Why it matters: California is facing its worst fire season on record, with over 4.1 million acres burned this year.

Ben Geman, author of Generate
Oct 16, 2020 - Energy & Environment

What investors think about the future of fossil fuels

Data: BCG Center for Energy Impact; Chart: Axios Visuals

Investors in the oil-and-gas industry want companies to get greener, and they're losing faith that the sector, which is underperforming broader market indices, is a good long-term bet, per a new Boston Consulting Group survey of investors.

Why it matters: The investor views come as the industry is facing its highest levels of uncertainty and environmental pressure in a long time, if ever.