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Climate

AM Briefing: Chevy's New Electric SUV

On the Blazer EV reviews, Trump's latest climate target, and oil demand

AM Briefing: Chevy's New Electric SUV
Heatmap Illustration/Getty Images

Current conditions: More than 125 highways are closed in China due to a record-setting winter storm • Tropical Cyclone Jasper downed trees in parts of Queensland in Australia • The Geminids meteor shower will peak tonight.

THE TOP FIVE

1. Trump promises to revoke U.S. pledge to Green Climate Fund if re-elected

Former President Donald Trump told a crowd at an Iowa campaign event yesterday that he would cancel “all climate reparation payments” immediately should he be re-elected next year. A campaign aide clarified that Trump was talking specifically about America’s pledge to the Green Climate Fund, which helps developing countries adapt and become more resilient to the effects of climate change. Vice President Kamala Harris recently announced that America would give the fund $3 billion. President Biden’s climate policies have become a “core part” of Trump’s campaign message, saysReuters. In the same speech, Trump also promised to “end Joe Biden’s war on American energy” and “drill, baby, drill.”

2. Chevy Blazer EV first-drive reviews are in

Early reviews of the Chevy Blazer EV, which TechCrunchdescribes as “a vehicle designed to satiate Americans’ never-ending appetites for SUV,” are trickling in. The consensus? It’s good! But with a starting price around $56,000, it’s too expensive. Here’s a quick roundup

  • “Chevy has designed and produced an absolutely normal SUV — a welcome relief from the string of novelty EVs that have come on the market in recent years. The big miss is the higher-than-expected price tag.” –Kirsten Korosec at TechCrunch
  • “A solid and highly customizable first entry into the market … and we’re particularly impressed by the UI,” but “there’s a lot to be considered when looking at the lower-priced alternatives in the market.” –Jameson Dow at Electrek
  • “Not the most compelling electric SUV” but “its slick blend of new-age technology and old-school redundancy provides a compelling lure for hesitant EV buyers.” –Mack Hogan atRoad and Track

The Chevy Blazer EVChevrolet

3. Massive Tesla recall is a ‘win’ ... for Tesla

In other EV news, more than 2 million Tesla vehicles are set to receive over-the-air updates to address failures in the Autopilot system. As Wirednotes, that’s nearly all the vehicles Tesla has sold in the U.S. to date. At issue is the Autosteer functionality, and the recall follows an investigation by the National Highway Transportation Safety Administration (HTWSA) into a series of crashes that may have occurred while Autopilot was in use. The updates will include added safety controls and alerts, and further limit where drivers can use Autosteer, Wired says. The recall is a “win” for Tesla, argues Damon Lavrinc at Heatmap. “U.S. regulators did not conclude the technology itself was unsafe, and also determined that drivers are responsible for using Autopilot safely. This is what Tesla has contended since the beginning, and it’s a rebuke to safety advocates, many local legislators, and lawyers representing accident victims and their families.”

4. IEA and OPEC reports show conflicting projections for oil demand

The Inernational Energy Agency (IEA) released its December Oil Market Report this morning, which says that global oil demand rose in 2023 but that a slowdown has begun and will continue through 2024. This, combined with supply growth from the U.S. (and elsewhere), will “complicate efforts by key producers to defend their market share and maintain elevated oil prices,” the agency concludes. The report is in contrast to projections put forward by the Organization of the Petroleum Exporting Countries (OPEC), which this week said it still expects demand for oil to grow next year by 2.25 million barrels a day. Oil prices have been plummeting for several weeks now despite OPEC output cuts. The oil cartel blamed this on “exaggerated” concerns about oil demand growth.

5. U.S. forecasters say Christmas snow is unlikely

Weather forecasts for the next few weeks are starting to come into focus, and a white Christmas is looking increasingly unlikely for the continental U.S. “For the second year in a row, models show low chances of snow leading up to and on Christmas, continuing a disappointing trend for snow lovers tied to human-caused climate change,” reportsThe Washington Post.

U.S. temperature outlook for the next two weeksNOAA

THE KICKER

PETA has named Apple its 2023 Company of the Year for its move to ditch animal leather in its products.

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Energy

AM Briefing: Power Hungry

On the IEAs latest report, flooding in LA, and Bill Gates’ bad news

Global Electricity Use Is Expected to Soar
Heatmap Illustration/Getty Images

Current conditions: Severe thunderstorms tomorrow could spawn tornadoes in Mississippi, Louisiana, Arkansas, and Alabama • A massive wildfire on a biodiverse island in the Indian Ocean has been burning for nearly a month, threatening wildlife • Tropical Cyclone Zelia has made landfall in Western Australia with winds up to 180mph.

THE TOP FIVE

1. Breakthrough Energy to slash climate grantmaking budget

Bill Gates’ climate tech advocacy organization has told its partners that it will slash its grantmaking budget this year, dealing a blow to climate-focused policy and advocacy groups that relied on the Microsoft founder, Heatmap’s Katie Brigham has learned. Breakthrough Energy, the umbrella organization for Gates’ various climate-focused programs, alerted many nonprofit grantees earlier this month that it would not be renewing its support for them. This pullback will not affect Breakthrough’s $3.5 billion climate-focused venture capital arm, Breakthrough Energy Ventures, which funds an extensive portfolio of climate tech companies. Breakthrough’s fellowship program, which provides early-stage climate tech leaders with funding and assistance, will also remain intact, a spokesperson confirmed. They would not comment on whether this change will lead to layoffs at Breakthrough Energy.

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Climate Tech

Breakthrough Energy Is Slashing Its Climate Grantmaking Budget

Grantees told Heatmap they were informed that Bill Gates’ climate funding organization would not renew its support.

Bill Gates.
Heatmap Illustration/Getty Images

Bill Gates’ climate tech advocacy organization has told its partners that it will slash its grantmaking budget this year, dealing a blow to climate-focused policy and advocacy groups that relied on the Microsoft founder, Heatmap has learned.

Breakthrough Energy, the umbrella organization for Gates’ various climate-focused programs, alerted many nonprofit grantees earlier this month that it would not be renewing its support for them. This pullback will not affect Breakthrough’s $3.5 billion climate-focused venture capital arm, Breakthrough Energy Ventures, which funds an extensive portfolio of climate tech companies. Breakthrough’s fellowship program, which provides early-stage climate tech leaders with funding and assistance, will also remain intact, a spokesperson confirmed. They would not comment on whether this change will lead to layoffs at Breakthrough Energy.

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Spotlight

Anti-Wind Activists Have a Big Ask for the Big Man

The Trump administration is now being lobbied to nix offshore wind projects already under construction.

Trump and offshore wind.
Getty Images / Heatmap Illustration

Anti-wind activists have joined with well-connected figures in conservative legal and energy circles to privately lobby the Trump administration to undo permitting decisions by the National Oceanic and Atmospheric Administration, according to documents obtained by Heatmap.

Representatives of conservative think tanks and legal nonprofits — including the Caesar Rodney Institute, the Heartland Institute and Committee for a Constructive Tomorrow, or CFACT — sent a letter to Interior Secretary Doug Burgum dated February 11 requesting that the Trump administration “immediately revoke” letters from NOAA to 11 offshore wind projects authorizing “incidental takes,” a term of regulatory art referencing accidental and permissible harassment, injury, or potential deaths under federal endangered species and mammal protection laws. The letter lays out a number of perceived issues with how those approvals have historically been issued for offshore wind companies and claims the government has improperly analyzed the cumulative effects of adding offshore wind to the ocean’s existing industrialization. NOAA oversees marine species protection.

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