Good morning, I hope everyone had a nice weekend. Let's get to it.
My latest Harder Line column distills all the words we should make sure we're using correctly in the energy and climate debate. After sharing that, Ben will take over to get you up to speed on all the news.
President Trump’s recent comments on energy and climate change have been, well, imprecise. Here’s a handy glossary to make sure everyone’s got their semantics straight.
Why it matters: Because words matter! Especially sloppy ones in an amped-up media landscape where many don’t look past headlines. It’s important to get this stuff right when extreme voices are louder than ever and the president openly doubts mainstream science.
Here are the words in the glossary, which you can read in full in the Axios stream here.
Global warming and climate change
Believing in climate change
Climate denier and climate skeptic
Alternative energy versus conventional energy
Clean energy, green energy
Coal versus clean coal
Fracking, hydraulic fracturing, horizontal drilling
Windmills versus wind turbines
What did I miss? This isn’t comprehensive. I started with these terms because of their timeliness. Email me at email@example.com for more ideas for another installment.
Markets: Major companies reporting fourth quarter results this week include BP (tomorrow) and Tesla (Wednesday). Elsewhere in big oil, Statoil reports Wednesday and Total arrives Thursday.
White House: Trump is scheduled to meet with EPA administrator Scott Pruitt on Friday.
Shale: "The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels [a day] of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter," per Bloomberg.
Deals: French oil giant Total said Monday that it has signed agreements to acquire stakes in exploration licenses in blocs off Guyana's coast, a region where Exxon has announced huge discoveries in recent years, Reuters reports.
Markets: The Wall Street Journal is out with its latest survey of how analysts are forecasting oil prices this year:
ICYMI: The troubled nomination of Kathleen Hartnett White, the pick to run the White House Council on Environmental Quality, collapsed over the weekend.
One reason it matters: One of CEQ's roles is federal coordination on environmental reviews of infrastructure projects — a topic that will become more important if the White House wins passage of a big infrastructure package.
Yes, but: Don't read too much about the politics of climate change into the nomination's failure. Her climate skepticism is widely shared in the administration, yet hasn't sunk other nominees.
Bottom line: Strong Democratic opposition plus lukewarm GOP support made corralling enough votes an uphill battle.
Tech: A new piece in the Guardian takes a close and somewhat skeptical look at the prospects for eventually deploying various "negative emissions" technologies at scale to battling global warming, including a Bill Gates-backed venture that's being tested in Canada:
Policy: The Energy Information Administration published a helpful summary Friday of California's interlocking policies aimed at reducing the massive state's greenhouse gas emissions, including the goal of cutting emissions by 40% below 1990 levels by 2030.
ICYMI: Exxon, responding to shareholder pressure, issued a report Friday that basically concludes that tougher climate policies won't prevent the company from developing its reserves. Amy wrote about it in the Axios stream.