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Situational awareness: "The Ohio House approved a bill Wednesday to gut clean energy standards and subsidize at-risk nuclear and coal plants after a last-minute push from a Trump reelection official to secure its passage," Politico reports.
Onto music: Yesterday marked 35 years since the indomitable Tina Turner released "Private Dancer," so one of those tracks will bring us into today's edition, which happens to have 1,076 words...
The Energy Department is having a viral moment that's both funny and a window onto the geopolitics of energy.
Driving the news: DOE uncorked a memorable phrase yesterday when it approved expanded shipments from the Freeport LNG site in Texas. Here's Under Secretary of Energy Mark W. Menezes yesterday in DOE's greatest press release ever (emphasis added):
Why it matters: Ok enough with the yuks, because the release is really about an idea that underlies President Trump's energy policy and also animated President Obama's (albeit with less aggressive phrasing) — using the U.S. oil-and-gas boom to provide geopolitical leverage.
On the record: I chatted with energy and geopolitics expert Nikos Tsafos of the Center for Strategic and International Studies, who offers a dose of skepticism...
Resolutions pushing ExxonMobil and Chevron to get more aggressive on climate change were soundly defeated at annual shareholder meetings yesterday.
By the numbers:
But, but, but: One Exxon measure that climate advocates saw as a proxy for their concerns, a resolution to create an independent board chairman, got 41% support, an uptick from last year.
Why it matters: The meetings were the latest example of growing investor pressure on oil giants over global warming.
Via The Financial Times, Exxon chairman and CEO Darren Woods defended the company's position at yesterday's meeting. FT reports...
"Mr Woods spoke at length about the steps Exxon was taking to address the threat of climate change, including support for research into new technologies that could eventually help to curb greenhouse gas emissions, including biofuels derived from algae and the capture and storage of carbon dioxide emissions from power plants."
Deals: 2 oil industry moves of note...
Policy: 2 Interior Department actions...
Readers of this newsletter probably know that cutting carbon emissions from transportation — now the nation's largest source — is a tough nut to crack.
The big picture: As you can see, the number of cars on the road and vehicle miles traveled have mushroomed compared to population size over the decades.
Ships are the latest mode of transportation to see electric upgrades as the maritime industry faces increased pressure to reduce greenhouse gases, writes Axios Expert Voices contributor Maggie Teliska.
The big picture: Passenger ferries are ideal for electric propulsion using current battery technology, which can reduce water and air pollution while providing a quiet, vibration-free trip. Short routes with frequent stops along populated shorelines offer ample opportunities to charge the battery packs.
Where it stands: Globally, there were 185 battery-powered vessels operating or scheduled for delivery in 2018, 58 of which were passenger ferries. Norway introduced the first all-electric ferry, named the MF Ampere, in 2015 to shuttle passengers between villages in the fjords.
What's new: Maid of the Mist plans to launch 2 all-electric, zero-emission boats in September on the U.S. side of Niagara Falls — the first domestically built all-electric boats used for tourists in the U.S.
Teliska is a technical specialist at Caldwell Intellectual Property Law and CTO of Regent Power. She is also a member of GLG, a platform connecting businesses with industry experts.