Governments slap taxes on EVs as $110bn fuel duty shortfall looms: registration fees, taxing public charging points and road use charges are popular revenue raising measures ft.com/content/9e4e38… via @ft Amanda Chu

Welcome to #FTWeekendFestival ! Shout-out to FT US Guild members on today’s program, including Lilah Raptopoulos, Marc Filippino, Robert Armstrong & @sonjahutson.

They want a #faircontractnow , just like all our unit's 60+ US workers. Sadly, @FT defines “fair” as “heads I win, tails you lose”.

US reluctant to back stringent production curbs in plastics treaty ft.com/content/a13578… via @ft Amanda Chu Madeleine Speed

BYD has become synonymous with China's rapid rise in electric vehicles. Wang Chuanfu's true ambition goes far beyond cars, and far beyond China. Financial Times ft.com/content/b8bde0…

New Biden climate rules target coal plants, forcing them to retire or capture emissions starting 2032

If implemented, the rules will mark the first time the US will enforce a federal emissions standard on the power sector
ft.com/content/7d5569…

“The issue is pollution. The issue is not plastic' said Exxon ahead of the UN plastic treaty talks

Calls from numerous countries + environmentalists to include production cuts in the treaty come as oil majors bet on petrochemicals, the feedstock for plastic, for long-term growth

#Trump often pairs 2 promises back to back: to launch ‘the largest deportation in American history’ & to ‘drill, baby, drill’.

But what happens if #immigrants are the backbone of the #oil & gas industry? 👉

usatoday.com/story/news/pol…

German industry unlikely to fully recover from energy crisis, even as gas prices fall, warns RWE boss

“You’re going to see a bit of recovery, but I think we’re going to see a significant structural demand destruction,” said Markus Krebber
w Jamie Smyth
ft.com/content/5d98bc…

“The mood is grim . . . It doesn’t create the conditions for success for domestic manufacturers,” said Danielle Merfeld at Q-Cells, one of the largest US solar manufacturers

When trade and climate policy are misaligned:
ft.com/content/2ea6bf…

Some personal news: I'm becoming a reporter again. Today is my first day covering the energy sector for the FT. Please get in touch with any contacts, tips and ideas.

AI revolution will be boon for natural gas, say fossil fuel bosses, as rapid data center roll out prompts surge in power demand ft.com/content/1f93b9… via @ft Myles McCormick Amanda Chu

Three years after the IEA warned no new oil and gas projects are needed to keep global warming in check, companies are continuing to drill

At least 20 oil and gasfields were approved last year, totalling 8bn boe in reserves, according to a new report
ft.com/content/7b840e…

“You have the oil and gas industry baring their teeth . . . now the world knows these guys are never going to be part of the solution,” said Mark Hutchinson of Fortescue Energy at the conference in response to the oil executives

We're asking the FT to invest in its US newsroom because we want our coworkers to stay — which requires competitive pay.

Among journalists who left the FT in the US in the past two years, the average salary increase was 58% Bron Maher
pressgazette.co.uk/north-america/…

Left/liberals can be bad at talking about freedom. To many, climate action sounds like the credentialled class coming to take away the few freedoms we have left.

Great from kalahar1_ Albert Pinto on sanctimonious liberalism and toxic climate politics:
phenomenalworld.org/analysis/liber…

Financial Times showing they can horde resources and chisel working reporters and editors as well as any other media organization. Until this industry once again values the people who are elemental to the product, first-class journalism will remain at risk.

Support FT US Guild

Oil and gas executives expect slower transition to net zero- our latest Financial Times Energy Source newsletter provides an insight into industry thinking ahead of the big CERAWeek conference next week Amanda Chu ft.com/content/96a7fa… via @ft

These are just a few examples of what our members told management and FT Ventures this morning. Let’s pay US staff what they’re worth.

That money would go towards new salary minimums and pay rises that would decrease disparities within our newsroom. They would also make us competitive in the US market.

We’re asking the company to invest in its biggest asset: the very people who make the FT.

This morning, we sent an email to management and FT Ventures, the FT’s new £30mn venture capital arm set up to invest in “high-growth media and tech companies.” We asked them to invest just 1% of that in the US newsroom, where revenues have increased by more than 40% since 2019