Sign In or Create an Account.

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

Politics

Will Biden Make an LNG U-Turn?

On Ukraine aid, a solar geoengineering test, and California snowpack

Will Biden Make an LNG U-Turn?
Heatmap Illustration/Getty Images

Current conditions: India is expecting unusually high temperatures from now through June • A late-season blizzard warning is in place for parts of Michigan • A drought disaster has been declared in Zimbabwe.

THE TOP FIVE

1. Tesla’s disappointing quarter rattles investors

Global EV market leaders Tesla and BYD turned in dismal sales for the first three months of the year, sending investors into a panic and prompting speculation about what it all means. Here are a few noteworthy reactions from analysts and insiders:

  • “I think both performances in Q1 have been affected by the evolving Chinese EV market, including changing incentives and more competition.” –Fred Lambert at Electrek
  • “There may also be a serious demand issue.” –Deutsche Bank analyst Emmanuel Rosner
  • “Tesla pioneered mass-market electric cars, but its lineup is aging.” –Auto industry writers Jack Ewing and Neal E. Boudette at The New York Times
  • “They need a real sales strategy and can’t rely on cutting price alone.” –Gary Black, managing partner of investment firm Future Fund
  • “Any way you put it, it was ugly. Demand is soft. Interest rates are still high. Is Elon’s brand damaging Tesla sales in the U.S.? It’s directionally a negative.” –Gene Munster, managing partner of Deepwater Asset Management

It wasn’t all bad: Other automakers including Rivian, Hyundai, and Toyota reported healthier numbers. Hyundai reported EV sales up more than 60% from the first quarter of 2023. Electric truck maker Rivian modestly surpassed expectations, beating both analysts’ and its own estimates with 13,588 deliveries in the first few months of 2024. Still, Heatmap’s Robinson Meyer says Tesla’s and BYD’s flagging sales may be signaling to investors that a general EV slowdown is coming.

2. Report: Biden open to ending LNG pause to get new Ukraine aid through Congress

The Biden administration is reportedly open to the idea of ending its pause on approvals of new liquified natural gas export terminals if it means the House will green-light an aid package for Ukraine, two White House sources told Reuters. The report follows a Sunday Fox News interview in which House Speaker Mike Johnson hinted that ending the pause might convince his fellow Republicans to support a new aid package. “We want to have natural gas exports that will help unfund Vladimir Putin’s war effort there,” said Johnson. Environmental activists applauded the White House’s January decision to pause new terminal approvals until the Energy Department can study the effect LNG projects have on the climate. A White House spokesman said the Reuters report wasn’t accurate and that the administration wants Republicans to pass the $95 billion bipartisan national security agreement, which includes Ukraine aid. The bill already passed the Senate and would be poised to pass the House, but Johnson has so far refused to bring it to a vote and is now “signaling that a LNG U-turn is table stakes for any Ukraine vote,” explained Politico’s Playbook. The House is back in session next week.

3. Researchers test aerosol sprayer for solar geoengineering projects

Engineers in San Francisco yesterday conducted the first outdoor test of a device that could one day be used to cool the planet through solar geoengineering. The Cloud Aerosol Research Instrument, or CARI, is designed to spray sea salt aerosol particles into the air to brighten clouds and reflect some of the sun’s rays. The tool’s first spray test outside a lab took place Tuesday on the flight deck of the Hornet, a decommissioned aircraft carrier that’s been turned into a museum. Solar geoengineering is a contentious topic, and the research team kept this project pretty quiet. The CARI tool will remain on the Hornet for the public to view, and the researchers hope it will “demystify the concept of climate intervention technologies,” according to The New York Times.

4. National Weather Service rocked by ill-timed outage

The National Weather Service experienced an outage yesterday morning just as a line of severe storms ripped across the Midwest. The disruption lasted for five hours, during which time about 50 storm alerts, including tornado warnings, were issued across the region. “Meteorologists around the Midwest were without key information that would normally be at their fingertips, and many severe-weather warnings went out to the public late, if at all,” The Washington Post reported. One meteorologist had to rely on a hand-drawn map of tornado warnings from the Weather Service. A spokesman said the agency was working to figure out what went wrong.

5. California celebrates ‘average’ snowpack levels

California’s snowpack is registering just above average right now as the precipitation season ends and the warm and dry season begins, state officials announced yesterday. Snowpack is California’s largest source of stored water, so if it’s low in April – as it has been in recent years following historic droughts – residents know they should brace for water shortages in the summer months to come. On the flipside, if the snowpack is way above average, as it was last year, there’s a chance of flooding. But this year, levels are at about 110%, or just above average. Still, Governor Gavin Newsom wants residents to be mindful of their water use because “this time next year, we might be in a different place.” He said the state is preparing for a near-term future in which climate change will make water even more scarce, and is considering options like desalination and water recycling. Here is a look at how 2015 snowpack (top) compares to this year’s snowpack (bottom):

NASA

NASA

THE KICKER

“There is no guarantee of a just, nourishing, and healthy future for humanity, and hope will not catalyze the change we need.” –The authors of a new paper published in PNAS Nexus, titled “Earth at risk: An urgent call to end the age of destruction and forge a just and sustainable future

Yellow

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
Climate

Neil Gorsuch Is Worried Tariffs Could Create a ‘Climate Emergency’

But this might all be moot thanks to the “major questions doctrine.”

Neil Gorsuch.
Heatmap Illustration/Getty Images, Library of Congress

Could President Trump’s expansive interpretation of the International Emergency Economic Powers Act empower a future president to, gasp, tariff carbon intensive goods?

That’s the terrifying prospect Justice Neil Gorsuch, a staunch conservative who often votes in line with Trump and his administration’s positions, raised to Solicitor General D. John Sauer in Wednesday’s oral arguments in the federal court case seeking to throw out Trump’s tariffs.

Keep reading...Show less
AM Briefing

Morning in America

On Massachusetts’ offshore headwinds, Biden’s gas rules, and Australia’s free power

Abigail Spanberger.
Heatmap Illustration/Getty Images

Current conditions: The Pacific Northwest is getting blasted with winds of up to 70 miles per hour • Heavy snow is coming this week for the higher elevations in New England and upstate New York • San Cristóbal de La Laguna in the Canary Islands saw temperatures surge to 95 degrees Fahrenheit.

THE TOP FIVE

1. Democrats win in key climate races

New Jersey Governor-elect Mikie Sherrill. Kena Betancur/Getty Images

Keep reading...Show less
Blue
Podcast

How EVs Can Actually Help the Electricity Crisis

Rob and Jesse touch base with WeaveGrid CEO Apoorv Bhargava.

EV charging.
Heatmap Illustration/Getty Images

Data centers aren’t the only driver of rising power use. The inexorable shift to electric vehicles — which has been slowed, but not stopped, by Donald Trump’s policies — is also pushing up electricity use across the country. That puts a strain on the grid — but EVs could also be a strength.

On this week’s episode of Shift Key, Rob and Jesse talk to Apoorv Bhargava, the CEO and cofounder of WeaveGrid, a startup that helps people charge their vehicles in a way that’s better and cleaner for the grid. They chat about why EV charging remains way too complicated, why it should be more like paying a cellphone bill than filling up at a gas station, and how the AI boom has already changed the utility sector.

Keep reading...Show less
Yellow