Good morning and welcome back! A quick note of gratitude and respect to veterans today. Thank you.
Ok let's head for the weekend . . .
My Axios colleague Amy Harder has her first dispatch from Bonn, Germany, where she'll be for the next week covering the United Nations' annual climate conference underway through Nov. 17.
Quoted: "You have to understand where [President] Trump is coming from and what that might mean for U.S. commitments," implored a top American business executive on a panel discussion Thursday, held at a sprawling conference center near a park alongside the Rhine River.
Gritty details: The executive, top U.S. Chamber of Commerce official Stephen Eule, went into detail to help explain to a largely foreign audience what was driving Trump — and try to help them understand his decision to pull the U.S. out of the Paris climate agreement.
The other side: Leon de Graaf, advisor to BusinessEurope, a group representing European businesses, said negotiators shouldn't treat the U.S. any different because Trump has indicated he's going to withdraw. "If you're trying to push them away," then the chances of them coming back are lower, Graaf said.
Why it matters: This awkward but cordial mood is setting the stage for how the Trump administration will be portrayed in the conference. The rest of the world isn't prepared (yet anyway) to punish America for doing anything, because technically it hasn't. It takes a few years for the formal withdrawal process to play out. The rest of the world is still holding out hope Trump will change his mind.
Click here for the rest in the Axios stream.
Grid tech: A new piece in Foreign Affairs uses the crisis in Puerto Rico as a jumping off point to explore how mini-grids and other technologies can be used in emergencies and to help displaced people, including deployment in refugee camps around the world.
Congress, part 1: The Senate version of tax legislation unveiled yesterday does not include House provisions that would cut the value of the wind energy production tax credit and kill credits for electric vehicle purchases. Nor does it include House measures that extend the availability of a nuclear production credit.
Congress, part 2: The Congressional Budget Office score for new GOP Senate legislation to open the coastal plain of the Arctic National Wildlife Refuge to oil drilling nicely summarizes something we've been writing about — the uncertainty around industry response to future leasing there.
Election fallout: Here's a few examples of how Tuesday's election night could change energy and environmental landscape. A note from ClearView Energy Partners and various news reports points out that Democratic wins in the New Jersey and Virginia governor's races pave the way for...
OPEC state of play: Argus Media chats with Kuwait's OPEC governor Haitham al-Ghais about the upcoming November 30th meeting and the future of the production-cutting deal.
Big picture: The Wall Street Journal explores how geopolitical tensions, including the turmoil in Saudi Arabia, have pushed prices to their highest levels in two years.
Service companies in focus: The latest edition of Crude for Thought, a Wood Mackenzie podcast, looks at the state of play for oilfield service companies heading into 2018, including availability of truck drivers.
Some fascinating numbers: A new note from RBN Energy looks at the state of the fracking sand market, including development of new mines in the Permian region to serve growing shale production. A lot of it is quite insider-y, but the sheer volumes required are wild.
The future is now: FERC chairman Neil Chatterjee is crafting an "interim" plan to help at-risk coal and nuclear plants while the agency weighs Energy secretary Rick Perry's push for new power market rules that boost compensation for generators based on "resilience and reliability."
Flashback: Chatterjee's reported remarks yesterday at a Platts roundtable with journalists and on Bloomberg TV were a much more high profile and somewhat more detailed version of his comments at Washington, D.C., lunch with energy industry executives that Amy covered here.
Why it matters: The remarks were the clearest sign yet that Chatterjee will try and get FERC colleagues on board by mid-December with specific actions, though it remains unclear precisely what those would be.
Fallout: Chatterjee's emerging plan for fast "interim" action in the near-term caught some people offguard, based on a highly informal poll yesterday by your Generate host.
Questions: It's not clear if Chatterjee can get colleagues at the independent agency on board with a near-term "interim" plan. And there's also a question of timing and power — Chatterjee's tenure as chairman will end once newly confirmed chairman-in-waiting Kevin McIntyre is sworn in.
Go deeper: Platts wrote about the comments at their event here and Bloomberg has a detailed piece here.
Heavy: A new report from Securing America's Future Energy (SAFE) says advanced technologies can bring huge fuel savings in the oil-thirsty trucking industry — if Congress and federal agencies make policy changes that catalyze their deployment. Some key nuggets:
Why it matters: Check out the chart above that reflects the report's findings that oil demand from trucking has grown more than passenger cars and other transport sectors in recent decades.
Latest from EPA: "The Environmental Protection Agency proposed a rule Thursday to repeal tighter emissions standards for heavy-duty trucks with older engines, an Obama-era regulation aimed at controlling soot and other pollutants along with greenhouse-gas emissions linked to climate change," The Washington Post reports.