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Top executives of Big Oil and investment companies ended a meeting Friday with Pope Francis by signing a joint statement supporting carbon pricing and transparent investments, according to the Vatican.

Driving the news: The shared statements signal a successful outcome for organizers, which included the Vatican and the University of Notre Dame, after last year’s initial meeting convened by Francis ended with no official, shared statement.

The intrigue: This document includes the statements and a complete list of signatories, which includes most of the world's biggest oil and gas companies — along with investment firms.

  • Yes, but: Actual change comes with action in boardrooms and governments — not meetings and statements. Time will tell whether this gathering really influences policies around the world and investments.

The big picture: Climate change has been a pillar of Francis’ leadership of the Roman Catholic Church. He wrote an encyclical — a papal letter sent to all bishops — on the importance of addressing the issue, a first in the history of the Church.

  • Since then, and particularly since President Trump entered the White House, oil companies have come under intense pressure — from investors and the public alike — to support action on climate change.

Go deeper: Big Oil teeters between enemy and ally in climate fight

Go deeper

Updated 10 mins ago - Economy & Business

Ubisoft workers demand company accountability in open letter

Photo: Frederic Brown / Getty Images

Close to 500 current and former employees of “Assassin’s Creed” publisher Ubisoft are standing in solidarity with protesting game developers at Activision Blizzard with a letter that criticizes their company's handling of sexual misconduct.

Why it matters: Ubisoft and Activision Blizzard workers are framing the actions as part of a bigger movement meant to have lasting change in the industry and its culture.

Companies deploy tech to prevent retail crime

Customers in a Home Depot in Pleasanton, California, in February 2021. Photo: David Paul Morris/Bloomberg via Getty Images

Retailers have a new edge for fighting theft: They're using technology to disable stolen goods — from iPhones to Black & Decker drills — and render them useless.

Why it matters: Organized retail crime has a considerable affect on retailers every year, costing them an average of $719,000 per $1 billion dollars in sales, according to estimates from the National Retail Federation.

Dan Primack, author of Pro Rata
42 mins ago - Podcasts

Spotify CEO Daniel Ek does a podcast on the future of podcasts

Spotify on Wednesday reported significant ad revenue growth from its podcast business, as part of its quarterly earnings disclosure.

Take a listen: Company founder and CEO Daniel Ek appeared on the Axios Re:Cap podcast to discuss how the podcast business model is changing, why he's spending big on exclusive shows and his personal favorites in both podcasting and music.