Sign In or Create an Account.

By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy

AM Briefing

Exxon Counterattacks California’s Climate Disclosure Laws

On China’s rare earths, Bill Gates’ nuclear dream, and Texas renewables

An Exxon sign.
Heatmap Illustration/Getty Images

Current conditions: Hurricane Melissa exploded in intensity over the warm Caribbean waters and has now strengthened into a major storm, potentially slamming into Cuba, the Dominican Republic, Haiti, and Jamaica as a Category 5 in the coming days • The Northeast is bracing for a potential nor’easter, which will be followed by a plunge in temperatures of as much as 15 degrees Fahrenheit lower than average • The northern Australian town of Julia Creek saw temperatures soar as high as 106 degrees.

THE TOP FIVE

1. Exxon sued California

Exxon Mobil filed a lawsuit against California late Friday on the grounds that two landmark new climate laws violate the oil giant’s free speech rights, The New York Times reported. The two laws would require thousands of large companies doing business in the state to calculate and report the greenhouse gas pollution created by the use of their products, so-called Scope 3 emissions. “The statutes compel Exxon Mobil to trumpet California’s preferred message even though Exxon Mobil believes the speech is misleading and misguided,” Exxon complained through its lawyers. California Governor Gavin Newsom’s office said the statutes “have already been upheld in court and we continue to have confidence in them.” He condemned the lawsuit, calling it “truly shocking that one of the biggest polluters on the planet would be opposed to transparency.”

2. China may delay its rare earth export controls

China will delay introducing export controls on rare earths, an unnamed U.S. official told the Financial Times following two days of talks in Malaysia. For years, Beijing has been ratcheting up trade restrictions on the global supply of metals its industry dominates. But this month, China slapped the harshest controls yet on rare earths. In response, stocks in rare earth mining and refining companies soared. Despite what Heatmap’s Matthew Zeitlin called the “paradox of Trump’s critical mineral crusade” to mine even as he reduced demand from electric vehicle factories, “everybody wants to invest in critical minerals startups,” Heatmap’s Katie Brigham wrote. That — as frequent readers of this newsletter will recall — includes the federal government, which under the Trump administration has been taking equity stakes in major projects as part of deals for federal funding.

3. Bill Gates’ nuclear company gets approval for environmental plan

The Nuclear Regulatory Commission rewarded Bill Gates’ next-generation reactor company, TerraPower, with its final environment impact statement last week. The next step in the construction permit process is a final safety evaluation that the company expects to receive by the end of this year. If everything goes according to plan, TerraPower could end up winning the race to build the nation’s first commercial reactor to use a coolant other than water, and do so at a former coal-fired plant in the country’s top coal-producing state. “The Natrium plant in Wyoming, Kemmerer Unit 1, is now the first advanced reactor technology to successfully complete an environmental impact statement for the NRC, bringing us another step closer to delivering America’s next nuclear power plant,” said TerraPower president and CEO Chris Levesque.

4. Judge orders New York to come out with cap-and-invest program rules

A judge gave New York Governor Kathy Hochul’s administration until February 6 to issue rules for its long-delayed cap-and-invest program, the Albany Times-Union reported. The government was supposed to issue the guidelines that would launch the program as early as 2024, but continuously pushed back the release. “Early outlines of New York’s cap and invest program indicate that regulators were considering a relatively low price ceiling on pollution, making it easier for companies to buy their way out of compliance with the cap,” Heatmap’s Emily Pontecorvo wrote in January.

5. Wind, solar, and batteries are supplying increased demand in Texas

While coal and gas stay static, wind and solar grow as a share of Texas' power. EIA

The Texas data center boom is being powered primarily with new wind, solar, and batteries, according to new analysis by the Energy Information Administration. Since 2021, electricity demand on the independent statewide grid operated by the Electric Reliability Council of Texas has soared. Over the past year, wind, solar, and batteries have been supplying that rising demand. Utility-scale solar generated 45 terawatt-hours of electricity in the first nine months of 2025. That’s 50% more than the same period in 2024 and nearly four times more than the same period in 2021. Wind generation, meanwhile, totaled 87 terawatt-hours for the first nine months of this year, up 4% from last year and 36% since 2021. “Together,” the analysis stated, “wind and solar generation met 36% of ERCOT’s electricity demand in the first nine months of 2025.”

THE KICKER

New Mexico is rich in fossil fuels, and has one of the nation’s most active oil and gas drilling industries. That may be in part because the dinosaurs whose carbon transformed over millennia into so-called black gold thrived in the state right up until the asteroid collision that spurred their rather sudden mass extinction. “They’re doing great, they’re thriving,” first author Andrew Flynn, an assistant professor of geological sciences at New Mexico State University, said in a statement about the findings. “This counters a long-held idea that there was this long-term decline in dinosaur diversity leading up to the mass extinction making them more prone to extinction.”
Red

You’re out of free articles.

Subscribe today to experience Heatmap’s expert analysis 
of climate change, clean energy, and sustainability.
To continue reading
Create a free account or sign in to unlock more free articles.
or
Please enter an email address
By continuing, you agree to the Terms of Service and acknowledge our Privacy Policy
Electric Vehicles

How Toyota Became an EV Winner

After years of dithering, the world’s biggest automaker is finally in the game.

Toyota EVs.
Heatmap Illustration/Toyota, Getty Images

The hottest contest in the electric car industry right now may be the race for third place.

Thanks to Tesla’s longtime supremacy (at least in this country), its two mainstays — the Model Y and Model 3 — sit comfortably atop the monthly list of best-selling EVs. Movement in the No. 3 spot, then, has become a signal for success from the automakers attempting to go electric. The original Chevy Bolt once occupied this position thanks to its band of diehard fans. Last year, the brand’s affordable Equinox EV grabbed third. And then, earlier this year, an unexpected car took over that spot on the leaderboard: the Toyota bZ.

Keep reading...Show less
Blue
AM Briefing

EV Fee

On forever chemicals, Indian and Swedish nuclear, and Ford’s battery business

EV charging.
Heatmap Illustration/Getty Images

Current conditions: A raging brushfire in the suburbs north of Los Angeles has forced more than 23,000 Californians to evacuate • The Guayanese capital of Georgetown, newly awash in offshore oil money, is also set to be drenched by thunderstorms through next week • Temperatures in Washington, D.C., are nearing triple digits today.


THE TOP FIVE

1. Congress proposes a $130 per year fee on electric vehicles

A bipartisan budget deal to fund roads, railways, and bridges for the next five years would also slap a $130 per year fee on drivers registering electric vehicles, with a $35 fee for plug-in hybrids. Late Sunday, lawmakers on the House Transportation and Infrastructure Committee released the text of the 1,000-page bill. Roughly a sixth of the way through the legislation is a measure directing the Federal Highway Administration to impose the annual fees on battery-electric and plug-in hybrid vehicles — and to withhold federal funding from any state that fails to comply with the rule. If passed, the fees would take effect at the end of September 2027. The fees — which increase to $150 and $50, respectively, after a decade — are designed to reinforce the Highway Trust Fund, which has traditionally been financed through gasoline taxes. In a statement, Representative Sam Graves, a Missouri Republican and the committee’s chairman, said the legislation “ensures that electric vehicle owners begin paying their fair share for the use of our roads.” But Albert Gore, the executive director of the Zero Emission Transportation Association, called the proposal “simply a punitive tax that would disproportionately impact adopters of electric vehicles, with no meaningful impact on” maintaining the fund. “Drivers of gas-powered vehicles pay approximately $73 to $89 in federal gas tax each year,” Gore said. “The proposed fee would charge an unfair premium on EV drivers, at a time when all Americans are looking for ways to save money.”

Keep reading...Show less
Green
NextEra and Dominion merging.
Heatmap Illustration/Getty Images

America’s largest renewable developer is swallowing up the utility at the heart of the data center boom.

NextEra Energy, which also owns the utility Florida Power & Light, announced Monday morning that it had agreed to acquire Dominion Energy, the utility that operates in Virginia and the Carolinas. The deal would create an energy giant valued at around $420 billion. It would also — importantly for Virginia and PJM Interconnection, the 13-state electricity market of which the state is a part — create a battery electric storage giant.

Keep reading...Show less
Green