Exactly 20 years ago, Brandy and Monica were atop the Billboard Hot 100 charts with this song that takes us into the weekend...
A wide-ranging new report on a decade's worth of public opinion surveys shows that backing for taxing carbon emissions has grown but remains limited and deeply split along partisan lines.
Why it matters: The findings are another sign of why carbon pricing in the U.S. faces massive hurdles, despite the view among many advocates and economists that it's an essential tool for fighting climate change.
Check out the chart above: It shows how Republicans surveyed still oppose CO2 taxes, but the level of that opposition has lessened significantly between 2013 and 2016.
By the numbers: Some of the report's new fall of 2017 data of all participants shows...
The intrigue: A new and instantly controversial essay in Foreign Affairs by Jeffrey Ball argues that carbon pricing, via taxes or emissions-trading, has been ineffective — sometimes even counterproductive — as an emissions-curbing tool where it has taken hold. He writes:
"The result is that a policy prescription widely billed as a panacea is acting as a narcotic. It’s giving politicians and the public the warm feeling that they’re fighting climate change even as the problem continues to grow."
Go deeper: Read the full story in the Axios stream.
Pope Francis waves to those gathered in St. Peter's Square. Photo: Franco Origlia/Getty Images
Axios' Amy Harder and contributor Eric J. Lyman report ... Top energy and investment executives attending a conference last weekend hosted by Pope Francis at the Vatican agreed a price on carbon emissions was essential in transitioning to cleaner sources of energy, according to multiple officials at the meeting.
Why it matters: This takeaway underscores how this particular policy is cementing itself as the preferred path among global oil companies in addressing climate change — even while it remains far out of reach in Washington, D.C.
Between the lines: Some big producers, particularly ExxonMobil, have been increasingly vocal about their support for a carbon tax, but so far their rhetoric hasn’t been backed up by active lobbying on the issue in Congress. On the other side of the Atlantic, Europe already has a carbon-pricing system.
Go deeper: Read the post in the Axios stream.
Litigation: The Houston Chronicle has a deep dive into ExxonMobil's legal strategy for countering a wave of lawsuits against major oil companies over global warming.
Back to the future: An interesting Reuters feature looks at how oil companies are using know-how gained from the shale revolution to start wringing more oil from other geologic formations once thought to be tapped out.
OPEC: Via S&P Global Platts, "Saudi Arabia and Russia said Thursday they will develop a 'comprehensive bilateral agreement' on energy cooperation, suggesting that even if the OPEC/non-OPEC production-cut agreement falls apart, they will continue their market-management efforts."
The administration's plans to sell drilling leases in Alaska's Arctic National Wildlife Refuge could eventually boost U.S. oil production, but that won't happen for a long time even if huge hydrocarbon deposits are found, according to a new Energy Information Administration analysis.
By the numbers: EIA's analysis looks at existing resources estimates from the U.S. Geological Survey in the slice of ANWR opened for development, which range from 5.7 billion to 16 billion barrels of technically recoverable crude oil with a mean estimate of 10.4 billion.
However, once oil starts flowing, it could have a significant effect on total U.S. output, adding an estimated 2 billion to 5 billion barrels of cumulative production from 2031 through 2050.
Yes, but: Needless to say there are almost too many variables here to count, such as the extent of industry interest in the region, future policy and future crude demand.
Renault ramps up: Via the Financial Times, the automaker is investing over one billion euros (around $1.2 billion) to bolster electric vehicle production at four plants in France.
Batteries, part 1: MIT Technology Review looks at the rise of Chinese battery giant Contemporary Amperex Technology — which went public this week — and what it says about the country's aggressive positioning in the electric vehicle and EV battery space.
Batteries, part 2: Per Reuters, "Panasonic Corp expects to more than triple its cobalt consumption in five years’ time, industry sources said, even as the company aims to develop cobalt-free automotive batteries in the near future."
Another voyage: Via the Washington Post, William Shatner is working on an initiative aimed at making energy-intensive bitcoin mining a bit more sustainable, starting with a modest solar project.