Electric vehicles: Two items to pass along about the global EV market.
Via Reuters, the Chinese automaker BYD offered a prediction about how quickly China, the world's largest auto market, might seek to transition away from traditional fossil-fuel powered cars. From their item: "All vehicles in the country will be 'electrified' by 2030, which could range from full electric cars to mild hybrids, BYD Chairman Wang Chuanfu said on Thursday."
Bloomberg reports: "The only electric-car maker in India says the business case for the clean technology is starting to make sense — and it won't require government subsidies to take off in a big way."
Oil production agreement: On our radar tomorrow is a meeting of officials from OPEC, Russia and other countries in Vienna to review the production limiting agreement. The big question is whether signs will emerge if they will extend the output cuts beyond the first quarter of 2018, when the production agreement is currently scheduled to sunset.
Lobbying: A few new energy-related filings have surfaced.
- The refiner Valero Energy has tapped Ernst & Young LLP to lobby on tax issues.
- The Kentucky utility LG&E and KU Energy has retained Akin Gump to lobby on energy legislation.
- The National Stripper Well Association brought on The Ferguson Group to lobby on federal funding.
Global warming: The Wall Street Journal takes stock of lawsuits filed by the cities of San Francisco and Oakland against five huge oil companies — Exxon, BP, Shell, Chevron and ConocoPhillips — in state court. "The suits...are among the first in which plaintiffs are seeking to force companies to pay for infrastructure to protect coastal cities from potential damages caused by rising sea levels," the paper reports.
More on climate: The New York Times explores how much progress states including California and New York can make toward meeting the U.S. emissions pledge under the Paris climate agreement.