Turbocharging the US clean energy job market

Turbocharging the US clean energy job market

Two things to start: First, energy-related CO2 emissions will rise again this year at almost record pace, erasing most of the pandemic-induced decline in 2020, according to the International Energy Agency. Soaring coal consumption is the driver.

Second, ExxonMobil and EQT added their names to the list of oil and gas companies offering support for the US government's campaign to drive down emissions.

It's no surprise that both those bits of news came just ahead of the international climate summit Joe Biden is hosting this week. This will dominate energy-related headlines over the coming days as the administration, corporations and NGOs tell everyone how they are doing their part.

Welcome to another Energy Source. Today's first note is on clean energy jobs, which have bounced back since last year's downturn “” and are expected to accelerate as Biden's plans for the sector take flight.

Our second is on Big Oil's efforts to stay relevant as the news agenda homes in on Biden's climate plans.

Oh, and today is the anniversary of oil's sub-zero price shock. US crude is trading for almost exactly $100 more than this day a year ago.

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