Monday's energy & environment stories

Ben Geman, author of Generate
Apr 5, 2021 - Economy & Business

The electric vehicle sales surge

Illustration: Lazaro Gamio/Axios

Tesla's stock was up over 7% in premarket trading this morning after it reported record deliveries in the year's first quarter on Friday. But it's not the only manufacturer seeing sales increases this year.

Why it matters: Even as gasoline-powered sales return from the pandemic, cars with plugs are going faster, albeit from a much smaller base.

Ben Geman, author of Generate
Apr 5, 2021 - Economy & Business

U.S. oil rig count climbs, signaling revival from pandemic lows

Expand chart
Data: Baker Hughes; Chart: Axios Visuals

The number of U.S. oil drilling rigs in operation last week climbed by 13 to reach 337, Baker Hughes data shows.

Why it matters: It's the highest in nearly a year and, as Reuters notes, the increase was the largest since January 2020.

Ben Geman, author of Generate
Apr 5, 2021 - Energy & Environment

Energy industry heavyweights boost carbon price lobbying

Illustration: Eniola Odetunde/Axios

CEO Climate Dialogue, a two-year-old group that includes execs from giant energy and industrial companies, has brought on lobbying powerhouse Forbes-Tate.

Why it matters: The newly public filing highlights the increased K Street activity around pricing since President Biden's win opened the door for new climate legislation.

Column / Harder Line

In uneven economic recovery, climate action risks leaving some behind

Illustration: Aïda Amer/Axios

A year ago, almost all of us were grappling with the unknowns of the pandemic. Today, some of us are doing just fine, while others are still reeling.

Why it matters: This split-screen economy, called a K-shaped recovery, highlights the risk facing politicians, including President Biden, as they rally around bold climate action. If new climate laws aren’t inclusive of those less well off in America and around the world, they risk exacerbating inequality.