** President Biden is expected to tout the progress his administration has made on climate change in remarks in New York City this week, as the issue remains an area of stark contrast between Democrats and Republicans. A White House fact sheet said the speech will focus on the administration’s “unprecedented progress in tackling the climate crisis, cutting energy costs for everyday Americans, and creating good-paying union jobs.”
** California Attorney General Rob Bonta (D) on Monday filed a lawsuit against ExxonMobil, alleging that the company has engaged in a decades-long effort to mislead the public about the recyclability of plastics.
** Actor and activist Jane Fonda sounded an alarm on climate change when it comes to former President Trump. “We can’t lose another four years,” Fonda said, according to CBS News. Fonda’s comments were made during an interview set to air next weekend, CBS News reported.
** Asked to grade fossil fuel companies’ clean energy efforts, former climate envoy John Kerry gives them beyond failing marks: “Is there a letter underneath Z?”
** A planned Hyundai electric vehicle and battery plant in Georgia sparks protests from farmers and residents concerned that it will use roughly 4 million gallons of water per day.
World
** The Russian government sees its oil and gas revenue falling for the next three years due to lower energy prices and a more lenient tax regime for Gazprom PJSC. According to a draft three-year budget seen by Bloomberg News, this key source of funds for the Kremlin will slide by 14% from 2024 to 2027, with implications for the war in Ukraine and Moscow’s escalating military spending.
** China’s central bank unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring mounting alarm within Xi Jinping’s government over slowing growth and depressed investor confidence.
** The Central Electricity Authority (CEA) of India has greenlit two hydroelectric PSPs to be developed in the western state of Maharashtra. The 1.5GW Bhavali PSP is being developed by JSW Energy and the 1GW Bhivpuri PSP by Tata Power. The PSPs will collectively provide a storage capacity of more than 15 gigawatt-hours (GWh), meeting peak demand during non-solar hours and supporting grid stability.
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