Welcome back! Today marks the 1975 release date of ZZ Top's "Fandango!" so it has today's intro tune...
Employment in low-carbon energy fields is better-paid than average jobs and is widely available to workers without college degrees, a new Brookings Institution analysis shows.
But, but, but: These sectors — clean energy production, efficiency, and environmental management — are "dominated" by men, skew older, and some lack racial diversity, the study finds.
Why it matters: The report provides a highly granular look at the workforce characteristics in fast-growing, low-carbon energy sectors that already employ several million people combined.
Here are a few top-line findings:
What's next: The report lays out recommendations — some built on what's already happening — for how to make these industries more inclusive, train younger people, and generally help policymakers, educational institutions and businesses prepare the workforce. These include...
The bottom line: “This is a very accessible blue/green collar sector in many respects — widely distributed in both red and blue places, accessible to an inordinate number of people who don’t have a college degree, and a genuine opportunity for all kinds of workers,” co-author Mark Muro said.
Let's spend a couple more moments with the Brookings report and its interesting data.
The big picture: The chart above visualizes the pay levels for workers without college degrees.
But, but, but: The clean energy sector defies blanket characterization when it comes to education levels needed.
Energy Secretary Rick Perry is preparing to step down and he's "finalizing the terms and timing of his departure," Bloomberg News reported Wednesday night, citing 2 people familiar with the plans.
But, but, but: Department of Energy spokesperson Shaylyn Hynes denied the report.
Where it stands: The former Texas governor's exit isn't imminent and he still hadn't made up his mind, but he's been seriously considering his exit for weeks, Bloomberg reported.
Quick take: Perry occupies an unusual spot in President Trump’s cabinet.
The big picture: On policy, he’s an energetic booster for the country’s oil, gas, coal and nuclear sectors, yet has distanced himself from White House proposals to deeply slash renewable energy R&D and is a cheerleader for DOE’s research labs.
The U.S. Chamber of Commerce is subtly shifting its position on climate change, Axios' Amy Harder reports.
Driving the news: The chamber recently updated its website with new language on addressing climate change, including a statement stronger than anything the group has said before: “Inaction is not an option.”
Why it matters: As America's biggest trade group representing business, the chamber gives voice to the common denominator position on a host of issues, including climate change. Official statements like this hold more weight.
But, but, but: It's unclear whether this shift changes its long-held opposition to most regulations, which have been the main avenue of federal climate policy to date.
The Trump administration must decide by May 2 whether to continue sanctions waivers that allow several nations to keep buying Iranian oil — a decision with huge implications for Washington’s Iran strategy and the market, Axios Expert Voices contributors Robert Johnston and Henry Rome write.
The big picture: Since withdrawing from the nuclear deal last May, the U.S. has steadily ratcheted up economic and political pressure on Iran.
Background: U.S. sanctions require all purchasers of Iranian oil to “significantly reduce” their purchases every 6 months, with a stated goal of driving Iranian exports to zero.
What's next: The U.S. will not be able to convince all oil importers to give up on Iran.
Both at Eurasia Group, Johnston is the managing director for global energy and natural resources and Rome is an Iran analyst.
Banks and carbon: Per Bloomberg, "With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of the risks from higher global temperatures."
Offshore drilling: Oil & Gas Journal reports, "Units of ExxonMobil Corp., Equinor, and Wintershall were among the companies that submitted winning bids in Argentina’s Apr. 16 licensing round — the first open bid round for Argentinean offshore acreage in more than 20 years — where 38 blocks were on offer, 18 of which were licensed."
Crude markets: Via Reuters, "Much of the new crude coming from the top U.S. shale field is so light that it is starting to affect pricing for the region’s oil, producers attending an energy conference this week said."
Electric vehicles: CNBC reports on Toyota models and concepts on display at the Shanghai Auto Show, including the Rhombus concept electric car, which the automaker touts in a release as a model that aims to "suit the values and lifestyles of drivers born after 1990."