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My latest column tackles the lost art of bipartisanship. I'll share a glimpse of that, and then Ben Geman will get you up to speed on the rest.
Illustration: Rebecca Zisser/Axios
Democrats who want to tackle climate change are about to face the biggest challenge with sweeping policies — they're much more likely to pass if they get support from both sides of the political aisle.
Why it matters: No matter how far-fetched it seems after the government shutdown, the fact remains that policy endures better with bipartisan support, political scientists and past precedent suggest.
Driving the news: After an absence of nearly a decade, two big climate and energy policies are emerging in the Washington debate. The GND represents the progressive flank of the Democratic Party, but it has no Republican support. The other, a carbon tax, is bipartisan and reflects controversial compromise.
By the numbers: While America’s political discourse has gotten more partisan in recent years, actual laws passed by Congress have not, according to forthcoming research described to Axios by James Curry, political scientist at University of Utah, and Frances Lee, politics professor at the University of Maryland.
“It’s extraordinarily difficult to pass anything that’s partisan. It’s not happening more than it used to. It’s something that needs to be understood by activists.”— Frances Lee, professor, University of Maryland
Go deeper: Dive into the rest here.
China's largest ride-hailing startup Didi Chuxing announced Monday that it will form a joint venture with automotive giant BAIC to deepen its focus on electric vehicles, TechCrunch and others report.
Why it matters: China is the world's largest auto market and already has the largest number of EVs, too.
The big picture: Monday's announcement is another sign of 2 big and converging trends in transportation — the rise of shared-mobility and EVs.
Where it stands: TechCrunch writes...
'Jingju’ — as the venture is called — is a partnership between Didi and BAIC affiliate Beijing Electric Vehicle that will develop "next-generation connected-car systems" using fleet management, AI and other tech, according to an announcement made today.
Plus, a weekend opinion piece by Bloomberg's Julian Lee has more on this element of the chaotic developments in the country...
[T]he damage inflicted on the country’s oil sector by years of under-investment and mismanagement, compounded by the exodus of large parts of the skilled workforce, will not be quickly, or easily, reversed. And it won’t matter who is in power, or how any transition comes about.
State of the market: "Oil prices fell on Monday, in tandem with global equities, amid doubts over any near-term solution to the trade dispute between the U.S. and China, and fears that border-security negotiations in Washington could fail to prevent another government shutdown," the Wall Street Journal writes.
United Arab Emirates: Via the Financial Times, "Abu Dhabi National Oil Company has awarded equity stakes in its refining subsidiary to European oil majors Eni and OMV as the Gulf emirate continues to open up its hydrocarbons sector with one of the world’s largest refinery transactions."
Saudi Arabia: Per Reuters, "State-owned Saudi Aramco plans to invest up to $1.6 billion for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil."
Hong Kong: Bloomberg reports, "Hong Kong’s billionaire Cheng family, which controls a real estate and jewelry empire, is exploring a bid for European fuel supplier Varo Energy BV, people with knowledge of the matter said."
The Energy Information Administration's latest set of long-term projections is kind of a sad trombone when it comes to the growth of EVs in the U.S.
Where it stands: The "reference case" in EIA's Annual Energy Outlook 2019, captured in the chart above, projects that EVs will grow but internal combustion engines will remain "dominant" through at least mid-century.
The other side: Contrast their outlook with the consultancy BloombergNEF.
Where it stands: EIA has long faced criticism for low-balling the growth of renewables, and there's reason to think they're too conservative when it comes to EVs too.
But, but, but: To be fair, it's an exercise and EIA takes some pains to show that there are all kinds of variables and the future, like, hasn't even happened yet.
Read more: Harvard energy expert Jesse Jenkins discussed the topic via this Twitter thread over the weekend.
A pair of new pieces highlight the challenge of ethically sourcing cobalt from the Democratic Republic of the Congo.
Why it matters: Cobalt is a key material for batteries for EVs and other uses, and the DRC provides over half the world's supply.
What they're saying: Writing in Foreign Policy, Antony Loewenstein takes a skeptical view of Blackwater founder Erik Prince's new project to invest in development of natural resources for EV batteries in the Congo and elsewhere.
A separate weekend piece in the New York Times looks in detail at cobalt and copper mining in the DRC in the context of the region's tragic conflicts and corruption.