Good morning and welcome back to Generate! I tucked a Supertramp song title in today's edition (hooray clarinet!) Onward . . .
Breakfast in America: Let's spend a little more time with yesterday's revelation that White House economic adviser Gary Cohn will convene a breakfast meeting of high-level energy and climate officials from a number of nations in New York next week.
The event to be held ahead of the U.N. General Assembly was first reported by the New York Times and confirmed to Axios by White House officials.
The big picture: Experts weren't fully sure what to make of it yesterday. But for veterans of global climate issues who have been dismayed by the White House pledge to abandon the Paris climate deal, it was a ray of hope about the U.S. presence on the world stage.
Between the lines: Beyond whether the White House might actually seek a path to stay in Paris under revised terms (and there's lots of reasons for skepticism there), the meeting is a chance to discuss what kind of international role the U.S. might play on low-carbon energy issues under President Trump more broadly.
One source familiar with the invitation notes that it cites the idea of more efficient use of fossil fuels, which was part of the U.S. message at the G20 meeting over the summer when the White House was isolated from other countries over the Paris deal.
Climate and coal: The Senate Environment and Public Works Committee will meet later this morning to discuss ways that the federal government can help boost deployment of carbon capture and storage tech, which has been very, very slow to take hold at commercial scale.
Amendment fight: The House could vote as soon as today on more energy- and climate-related amendments to the big, multi-agency spending package before lawmakers.
Back in business: A House Energy and Commerce subcommittee hearing on the U.S. power grid, which was supposed to happen yesterday but was scuttled by Hurricane Irma, has been rescheduled for Thursday.
Big picture: Hurricane Harvey's impact on global oil markets will probably be "relatively short lived." But the storm that snarled Gulf Coast energy networks is a reminder of the outsized role that the region — which is increasingly an export hub for crude in addition to refined products — plays in the global petroleum trade, the International Energy Agency said in its latest monthly oil report on Wednesday morning.
The multilateral organization said that while the market has coped pretty well with the hurricane season so far, this is a good time to consider new steps to blunt the impact of severe weather in the future.
One big idea: The report says it might be time to dust off an idea that has been batted around for years: creating some kind of U.S.-held strategic reserve of refined products (like gasoline and diesel) to go along with the existing Strategic Petroleum Reserve that holds crude oil.
Market details: IEA boosted its projected growth in global crude demand this year to 1.6 million barrels per day over last year, while OPEC's crude output fell in August for the first time in five months.
Surplus oil supplies are declining, and overall IEA said there are signs that the market has "started to rebalance."
Go deeper: CNBC delves into the nitty-gritty numbers of the report here.
Short supply: The Los Angeles Times looks at the scramble for gasoline facing Florida residents as people who fled Hurricane Irma try and get back home but have a hard time fueling up.
Power coming back: Florida's Division of Emergency Management reported Wednesday morning that the share of customer accounts without power has fallen to 38% as restorations continue.
Ripped from the headlines: The Environmental Defense Fund, a major green group, launched a new TV ad Tuesday that uses the impact of Hurricane Harvey to warn lawmakers that they will be "held responsible" if they cut funding to the Environmental Protection Agency.
Why you'll hear about this again: The ad buy signals that the recent hurricanes and broader environmental threats from extreme weather will provide environmentalists new political openings to attack White House and GOP efforts to cut EPA funding and pare back regulations.
Why it matters: The market is expanding despite low gasoline prices. SAFE notes that the U.S. is poised for another record sales year in 2017. A little more:
Latest offerings: The Associated Press reports that EVs are taking center stage at the Frankfurt auto show.
A couple of Tesla notes...
NTSB findings: My Axios colleague Kim Hart reports that the National Transportation Safety Board concluded that Tesla allowed a driver to use automated controls outside of conditions for which they were intended, leading to a car crash that "never should have happened." The board had investigated a 2016 crash involving a Tesla partially-automated vehicle. The driver of the vehicle was determined to have also been overly reliant on automated features.
Irma follow-up: File under "No good deed goes unpunished." Over at the Marginal Revolution blog, economist Alex Tabarrok wonders whether Tesla might face blowback after temporarily unlocking extra range on 60kwh versions of the Model S and Model X to help Florida owners flee Hurricane Irma, remotely giving them the 75kwh power of the pricier versions.
Tabarrok is sympathetic to Tesla having higher priced, longer-range versions of its cars — basically selling to people willing to pay more helps fund the overall venture, including R&D, but...
My Axios colleague Amy Harder has a report on the direction of the Energy Department's solar programs and the man now in charge of them...
The Energy Department's top renewable energy official on Tuesday praised a massive solar farm in California for "improving" after he criticized it while testifying to Congress last year as a conservative expert.
Daniel Simmons, the acting head of the department's renewable and energy efficiency office, toured the facility, named Ivanpah, on Sunday before giving remarks to a solar industry conference underway this week in Las Vegas.
Why it matters: Simmons' comments show the subtle ways some conservative experts known for blasting then-President Obama's policies are moderating their rhetoric as they join the federal bureaucracy that created those policies.
Click here for the rest of the story in the Axios stream.