Good morning and welcome back!
I don't need much prodding to recognize Dire Straits. So their weekend induction into the Rock & Roll Hall of Fame is reason enough to give them today's intro tune...
Local officials in Colorado will announce litigation Tuesday against large oil companies over the effects of climate change, according to a report in the Boulder Daily Camera and a source familiar with the plan.
Why it matters: The litigation from Boulder and the San Miguel Counties and the city of Boulder signals that the current spate of climate lawsuits against big oil companies is moving beyond high-profile cases in California and New York, which have focused largely on damages from sea-level rise.
The big picture: More broadly, the world's fossil fuel behemoths are facing fresh challenges over global warming in the courthouse and from shareholders, even as they increasingly announce new climate efforts and expand investments in low-carbon energy.
Meanwhile: Shell is publicly urging shareholders to reject a shareholder resolution next month promoted by the group Follow This. The group is calling on the company to align its business with limiting the global temperature rise well below 2°C, which is the goal of the Paris agreement.
Go deeper: Click here for more in the Axios stream.
Tesla's factory in Fremont, Calif. Photo: David Butow/Corbis via Getty Images
New hiccup: BuzzFeed broke the news last night that Tesla is temporarily shutting down production of its mass-market Model 3 sedan, a hiatus expected to last 4 to 5 days.
Why this matters: Successful large-scale production of the sedan is critical to the future of the Silicon Valley automaker, which is churning them out more slowly then initially planned.
Speaking of Tesla: The Harvard Business Review has an interesting piece that puts Tesla's recent struggles in the context of GM's rise, evolution and struggles a century ago.
Up, up and away: New Energy Information Administration data projects that crude oil production from shale-heavy regions will grow by 125,000 barrels per day and come this close to 7 million next month.
China: A new report from the consultancy Wood Mackenzie projects that shale gas production in China will nearly double by 2020 to 17 billion cubic meters annually, but will still fall well short of the government's target of 30 bcm by that time.
Oil sands: Per Bloomberg, "Canada’s inter-provincial fight over Kinder Morgan Inc.’s Trans Mountain pipeline escalated as oil-producing Alberta threatened to cut off fuel shipments to neighboring British Columbia."
My colleague Amy Harder reports...
The electric and hybrid share of U.S. vehicle sales has hovered around 3% for the past decade.
Why it matters: For all the hoopla surrounding electric cars, they’re still only a sliver of America’s auto industry. Fully electric cars are gaining market share, but the overall demand for electrics and hybrids has risen slowly. In part, this is because sustained low gasoline prices have revived Americans' traditional preference for larger vehicles, which are mainly gasoline-powered.
"We are definitely seeing consumers selecting more fuel-efficient versions of what they already want to buy, but they’re still buying pickup trucks, SUVs and crossovers.”— Rebecca Lindland, analyst, automotive research firm Kelley Blue Book
What’s on the horizon: Last year, fully electric cars made up about 0.6% of light-vehicle sales. They're set to grow significantly, though forecasts range widely about how much.
Go deeper: This trend is part of why the Trump administration should rewrite — but not repeal — his predecessor’s fuel-efficiency standards, independent experts tell me in my latest Harder Line column this week.
Latest in policy: Amy reports that EPA has committed to rewriting a regulation banning certain uses of heat-trapping chemicals, a low-profile but nonetheless significant climate policy issued by then-President Obama.
Pruitt's hotseat: Per Politico, "Critics of Scott Pruitt got fresh ammunition against the embattled EPA administrator on Monday, with two federal reports revealing that EPA had broken the law in building him a secure phone booth and that the agency had granted previously undisclosed pay raises of more than 20 percent to his political appointees."
Not even close: New commentary over at the Center for Strategic and International Studies takes stock of how little progress has been made in decarbonizing global energy production, even as renewables have been surging.
Carbon pricing: A new report from the Analysis Group consultancy finds that the Regional Greenhouse Gas Initiative — a nearly decade-old cap-and-trade program for power plant emissions among Northeast and mid-Atlantic states — has brought $1.4 billion in net economic benefits over the last three years.
Your Generate host is a podcast fan, and I'm pretty sure some readers are too, so here are a couple of new ones in my feed you might enjoy...
Climate politics: The inaugural episode of Greentech Media's Political Climate — a bipartisan look at the politics of climate and energy — dropped late last week.
All kinds of stuff: That encompasses the planned scope of the Breakthrough Dialogues, a new pod from the (sometimes contrarian) environmental and energy think tank The Breakthrough Institute.