Stories by Ben Geman

New York's big climate move

New York Gov. Andrew Cuomo. Photo: John Paraskevas/Newsday via Getty Images
New York Gov. Andrew Cuomo. Photo: John Paraskevas/Newsday via Getty Images

New York is on the cusp of passing the nation's most aggressive climate and energy law.

Why it matters: The deal that emerged between lawmakers and Gov. Andrew Cuomo early this week is among the most striking examples of states enacting tougher policies as the White House unwinds federal efforts.

Trump calls alleged Iranian oil tanker attacks "very minor"

This image is a side profile of Trump as he speaks and stands outside in a suit.
Photo: Chip Somodevilla/Getty Images

President Trump — in a TIME interview posted late Monday night — downplayed the alleged Iranian attacks against two tankers in the Gulf of Oman last week, calling them "very minor."

The backdrop: It published just hours after Secretary of Defense Patrick Shanahan announced U.S. is deploying an additional 1,000 troops to the Middle East in response to "hostile behavior by Iranian forces and their proxy groups."

The persistence of fossil fuel subsidies

Reproduced from IEA; Note: In 2018 dollars; Chart: Axios Visuals

International Energy Agency data shows that worldwide subsidies that lower consumer costs for fossil fuels grew to over $400 billion last year, their highest levels since 2014.

Why it matters: The persistence of the payments, despite some progress in pricing reforms in recent years in several nations, are among the many headwinds in the effort to combat climate change.