“China will launch a national emissions-trading program on Friday, creating the world’s largest carbon market and doubling the share of global emissions covered under such programs,” the Wall Street Journal reports.

“Approvals for oil and gas drilling on American public lands are set this year to reach their highest level since George W Bush was president, casting doubt on President Biden’s green agenda,” the Times of London reports.

CNN: “The US government has spent the past week assessing a report of a leak at a Chinese nuclear power plant, after a French company that part owns and helps operate it warned of an ‘imminent radiological threat.’”

Slate: “The Canadian company behind the controversial Keystone XL oil pipeline called it quits on the project Wednesday, ending a decade-long standoff over the $8 billion pipeline that promised to transport 830,000 barrels of crude oil across the American plains each day.”

Energy Secretary Jennifer Granholm warned that the U.S. power grid is vulnerable to attacks and could be completely shut down by the nation’s adversaries, CNN reports.

Said Granholm: “There are thousands of attacks on all aspects of the energy sector and the private sector generally. It’s happening all the time. This is why the private sector and the public sector have to work together.”

“An activist investor is likely to pick up a third seat on the board of ExxonMobil, giving it additional leverage to press the oil giant to address investor concerns about climate change,” the Wall Street Journal reports.

“Exxon said Wednesday that an updated vote count showed shareholders backed a third nominee of Engine No. 1, an upstart hedge fund that had already won two board seats at Exxon’s annual shareholder meeting last week.”

Green That Life: A fossil fuel industry under fire. Will it last?

Sara Goddard has the details — including a new survey showing Democratic support for action on climate change and clean energy is reaching new highs.

“The Texas electric grid came within five minutes of a complete collapse in mid-February,” the Wall Street Journal reports.

“If grid operators had completely lost control of the situation—they didn’t, although they came close—the spotty performance of the black start units could have left Texans without power for much longer than a few days. How long is impossible to say, though by the grid operators’ own estimate, a total collapse could have caused weeks or even months of outages.”

Associated Press: “Energy Secretary Jennifer Granholm says the nation is ‘over the hump’ on gas shortages following a ransomware cyberattack that forced a shutdown of the nation’s largest gasoline pipeline. Problems peaked Thursday night, and service should return to normal in most areas by the end of the weekend, Granholm said Friday.”

“Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline,” Bloomberg reports.

“The company paid the hefty ransom in untraceable cryptocurrency within hours after the attack, underscoring the immense pressure faced by the Georgia-based operator to get gasoline and jet fuel flowing again to major cities along the Eastern Seaboard.”

Bloomberg: “From Virginia to Louisiana, convenience stores and corner gas stations are turning away customers as tanks tap out amid panic buying. An extended pipeline disruption could have far-reaching implications for East Coast states dependent on the pipeline, prompting bigger government interventions.”

The Hill: 71% of gas stations in Charlotte area out of fuel.

New York Times: “The Biden administration on Tuesday will announce its final approval of the nation’s first commercial-scale offshore wind farm, a major step toward President Biden’s goal of expanding renewable energy production across the United States, according to two people familiar with the matter.

“The Vineyard Wind project calls for up to 84 turbines to be installed in the Atlantic Ocean about 12 nautical miles off the coast of Martha’s Vineyard, Mass. Together, they could generate about 800 megawatts of electricity, enough to power about 400,000 homes.”

Reuters: “Supplies of gasoline tightened further in parts of the United States today as the shutdown of the nation’s biggest fuel pipeline by hackers entered its fifth day, raising concern about price spikes at the pumps heading into the summer driving season.”

Wired has a must-read profile of the hackers behind the pipeline attack.

“The ransomware attack that forced the closure of the largest U.S. fuel pipeline this weekend showed how cybercriminals pose a far-reaching threat to the aging, vulnerable infrastructure that keeps the nation’s energy moving,” the Wall Street Journal reports.

The Guardian reports the Biden administration has invoked emergency powers over the ransomware attack.

Bloomberg Businessweek: “In 2020, Americans used 447 million short tons (to distinguish from metric tons) of coal. That’s enough to fill 4 million railroad cars, which sounds like a lot. But it’s also the country’s lowest annual coal consumption since 1965, and even that barely hints at the historical territory coal may soon explore. A few more years at the downward pace of the past decade, and U.S. coal use will reach levels last seen in the 19th century.”

Texas Tribune: “Texas lawmakers have been advancing sweeping legislation to address some of the major issues stemming from February’s deadly winter storm and catastrophic power outages.”

“But some of the legislative moves are targeting renewable energy sources, like wind and solar, which experts and some lawmakers say seems more like a way to protect oil and gas interests than fix problems with the state’s beleaguered power grid.”

“The deaths of nearly 200 people are linked to February’s cold snap and blackouts, making the natural disaster one of the worst in Texas this past century,” the Houston Chronicle reports.

“The tally, which is nearly double the state’s official count, comes from an investigation of reports from medical examiners, justices of the peace and Department of State Health Services, as well as lawsuits and news stories.”