Happy Thursday! And happy birthday to Tom Waits, who provides today's intro song . . .
President Trump and multiple Cabinet-level officials will meet with a group of GOP senators who say that the federal biofuels blending mandate called the Renewable Fuel Standard is harming refiners in their states. Trump's Environmental Protection Agency recently declined to soften the RFS.
Why it matters: The midday meeting signals how the decade-old RFS has created fierce, politically fraught policy battles between lawmakers allied with the refining industry and a separate group carrying the mantle of midwestern farming and biofuels interests.
Who is huddling with Trump: According to the White House, expected attendees include economic adviser Gary Cohn, EPA Administrator Scott Pruitt, Agriculture Secretary Sonny Perdue, Deputy Energy Secretary Dan Brouillette, and White House legislative affairs chief Marc Short.
Arctic: The Interior Department's sale of leases in the National Petroleum Reserve-Alaska drew just $1.16 million in high bids, which were submitted together by ConocoPhillips and Anadarko, according to results unveiled yesterday. Via Reuters, the bids covered about 80,000 acres out of the 10 million acres offered in the sale.
Shale, part 1: The Wall Street Journal has a detailed, behind-the-scenes look at investor angst that the U.S. shale production surge is failing to produce financial returns.
Shale, part 2: Chevron, the U.S.-based global oil-and-gas giant, yesterday announced plans for $18.3 billion in capital spending next year, the latest in a string of yearly budget cuts. But that includes $4.3 billion for U.S. shale projects, largely focused on the Permian Basin, which the Financial Times notes is a boost over current spending.
LNG: Bloomberg reports that "U.S. natural gas exports could find buyers in the oil-rich Persian Gulf as countries there look to meet surging demand." The article says Energy Secretary Rick Perry and United Arab Emirates Energy Minister Suhail Al Mazrouei discussed the topic at a joint appearance on Wednesday in Abu Dhabi.
EPA chief: EPA administrator Scott Pruitt will make his first public appearance on Capitol Hill since his February confirmation. He'll testify about EPA's mission before a House Energy and Commerce subcommittee.
FERC shift: According to multiple press reports, incoming Federal Energy Regulatory Commission chairman Kevin McIntyre will be sworn in today.
Growing: The chart above, distilled from a new report on the electric vehicle market by Securing America's Future Energy, shows the year-over-year growth of EVs and plug-in hybrids in the U.S.
From their market snapshot: "Demand for EVs has continued to rise in 2017, setting new records for purchases and vehicle model availability. Although six models currently account for nearly two-thirds of sales, consumers have a fuller range of choices with 37 models available, thanks to marked declines in battery technology costs and enhanced range."
GE woes: The conglomerate's power division said today that it's cutting 12,000 jobs. "GE Power said the cuts 'are driven by challenges in the power market world-wide' and cited softening markets like coal and gas," the Wall Street Journal reports.
Coal: "Coal CEO Robert Murray warns that if the Senate version of tax reform is enacted by President Trump he'll be destroying thousands of coal mining jobs in the process," CNN reports in a piece about the bill's Alternative Minimum Tax provisions and other elements.
Latest in storage: Bloomberg summarizes the latest market snapshot from GTM Research and the Energy Storage Association: "U.S. energy-storage capacity surged 46 percent in the third quarter, mainly due to a single big project in Texas, the biggest source of wind power."
Solar: Greentech Media has a recap of yesterday's public hearing before a panel convened by the Office of the U.S. Trade Representative on potential import penalties on solar panel equipment.
My Axios colleague Amy Harder reports...
The centrist think tank Third Way is publishing today a new map and database its creators say is the most comprehensive yet tracking all types of projects working to capture carbon emissions.
Why it matters: The United Nations' scientific body concluded in its most recent assessment of climate science in 2014 that if this technology isn't widely deployed, it would be 138% more expensive to keep global temperatures below a roughly 2-degree Celsius rise over the next century.
Gritty details: The database identified more than 100 projects, with just over half of them in the U.S., and most aren't about coal but other industrial processes, like cement and steel. It also includes the couple of projects around the world that capture carbon emissions from the air, not at the onset from facilities like power or industrial plants, which is more common.
Warm: "The year-to-date U.S. average temperature was the third warmest on record at 56.4°F, 2.6°F above average. Only January–November of 2012 and 2016 were warmer," the National Oceanic and Atmospheric Administration said in its latest monthly climate update yesterday.
Compare notes: The World Resources Institute is out with a report that compares various analyses of how White House moves to unwind Obama-era climate programs will affect the trajectory of U.S. greenhouse gas emissions in the years ahead.
Science: Via the Washington Post, "The climate change simulations that best capture current planetary conditions are also the ones that predict the most dire levels of human-driven warming, according to a statistical study released in the journal Nature Wednesday."