CLIMATE ACTION COULD COST FOSSIL FUELS INDUSTRY $33T: REPORT

California plan to extend cap and trade through '50.

Grid-connected power storage projects in global pipeline ~2Gw at end of 2Q: IHS. Led by US, China, S Korea. Up 20% since end of '15.

Australia solar, batt power storage market to grow 4x faster than industry expects: Morgan Stanley. 1-2M homes by '20 from 2K now.

San Francisco skyscraper to use Tesla (TSLA) batt power storage.

DOE seeks to patch US grid security weak point with $15M.

Comps to build microgrid at San Diego Marine station using landfill gas, solar, batt power storage, 7Mw diesel/natgas power plant.

ADB providing Azerbaijan $750M of grid infrastructure.

PG&E launch distributed power demo projects with GE, Solar City (SCTY), Enphase (ENPH).

Eiffel Investment Group wants Euro150M from EIB for energy transition fund.

ACCIONA offtake contract for 168Mw wind power in Mexico.

Tesla (TSLA) cut EV prices after sales miss.

Honda hybrid engine free of rare-earth metals.

Industry group aiming to cut methane leakage to less than 1% of natgas production.

EIA estimates US oil production - including natgas liquids, biofuels - to grow from 14.8Mb/d in '15 to 18.6M in '40.

OPEC sees higher crude demand in '17.

Kuwait launch oil privatization plan.

Iran OK'd new oil/gas contract regime.

China to hit peak energy consumption by '35. China buyers snapping up thermal coal cargoes recently.

N Jersey nuke reactor shut down after 2nd restart.

Near all insects worldwide dying off.