Happy Friday and welcome back to Generate! I hope your excitement for the weekend matches my son's excitement about his new pterodactyl toy, but that's a lot to ask. You know what else is exciting? The energy and climate beat. There's a lot going on, so let's dive in . . . .
The drama and intrigue around Trump's approach to the Paris climate deal won't last forever. White House press secretary Sean Spicer said Thursday that the White House plans to have a decision about whether to pull out of the emissions pact by the time of the G-7 summit in late May, if not sooner.
Why it matters: While Trump's domestic climate policy crystallized with his new deregulatory executive order and other recent moves, the stance toward international climate diplomacy has been cloudy and the stuff of internal White House tensions.
Between the lines: Spicer's timeline has a certain logic to it. "The obvious international decision moment was the G-7 where we would be confronted by our allies who were most concerned about the issue and the [Paris] agreement," one international climate expert said.
Breaking Friday morning: Patricia Espinosa, the United Nations climate chief, is out with a new statement on the policy upheavals in the U.S. and the future of the Paris climate change accord.
One big message: The train has left the station — the Paris accord is in force and moving forward even amid uncertainty about U.S. policies and plans. She uses the word "momentum" repeatedly to describe the spread of low-carbon policies worldwide.
Deep breaths: Espinosa notes that she's watching U.S. developments "with interest," but reminds everyone that nothing has been finalized.
Our thought bubble:
It's an effort to steady the ship. The UN is seeking to provide reassurances about the stability of the big 2015 international climate accord as Trump's White House weighs its options, and is signalling that while the U.S. (the world's second-largest greenhouse gas emitter) is of course a key player, Paris is bigger.
Where coal is at: Politico has a report on divided views within the coal industry about whether Trump should start pulling the U.S. out of Paris.
Why it matters: It's the industry that Trump has most overtly called the intended winner in his assault on Obama-era climate policies.
Beyond fossil fuels: The New York Times reports that environmentalists are hopeful that some corporate titans that have Trump's ear via his outside advisory councils can nudge him on climate policy.
Other players: Exxon and ConocoPhillips want Trump to stay in Paris, which we wrote about here and here.
Big IPO business: Saudi Aramco, the Saudi state oil giant planning a public offering next year, has tapped JPMorgan Chase & Co., Morgan Stanley and HSBC for "key roles" in what could be the largest IPO in history, Bloomberg reports.
Keystone XL: Environmentalists sued the Trump administration Thursday over its approval of the pipeline project.
States: The lower chamber of Ohio's legislature passed a bill to weaken the state's green electricity mandate, but its fate is murky from there, the Columbus Dispatch reports.
Electric cars: Hyundai is making a major push into the electric vehicle market, developing its first "dedicated architecture" to build EVs. Reuters reports: "Analysts said Hyundai had no choice but to join the likes of Tesla, General Motors Co and Daimler AG unit Mercedes-Benz in building separate electric-vehicle platforms to be relevant in the segment."
News out of the agency is coming fast and furious and, in one case, pretty funny. Some developments over the last day…
This National Geographic photo gallery of wild animals at night really fits the bill.
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