Photo: Keith Bedford/The Boston Globe via Getty Images

Companies including BP, Chevron and power giant Southern Company have formed a new coalition called the Energy Advance Center to work on carbon capture, storage and use.

Why it matters: Trapping CO2 from power plants and other industrial facilities is an important way to help eventually bring the steep emissions cuts needed to prevent the most dangerous levels of warming.

The two other companies listed in this newly public lobbying disclosure filing are:

  • Industrial systems giant Mitsubishi Heavy Industries America.
  • Denbury Resources, an oil company focuses on using CO2 for enhanced oil recovery from depleted reservoirs.
  • They're represented by the lobbying firm Hunton Andrews Kurth.

What they're saying: Very little right now. But Hunton Andrews Kurth partner Fred Eames described the new group this way in a statement to Axios:

"The Center is a voluntary association of energy companies, industrial energy users, and other energy-related entities formed to promote the energy industry’s interests in issues related to carbon capture and storage, to improve the greenhouse gas emissions profile of fossil fuels, and to enhance the economic opportunities from use of CO2 with benefits for the economy, energy security, and the environment."

The big picture: Deployment of carbon capture and storage tech has been slow to get off the ground. But a new U.S. law — part of the big February federal spending deal — expands tax incentives for direct sequestration or use of captured CO2 in enhanced oil recovery.

  • More broadly, International Energy Agency head Fatih Birol frequently says the amount of investment and activity worldwide around carbon capture is troublingly low.

One level deeper: Eames is former counsel to the House Energy and Commerce Committee and has previously worked with industry clients on carbon capture and storage through a group called the CCS Alliance.

  • That group has not reported any lobbying expenses in two years.

Go deeper

New York City schools will not fully reopen in fall

Photo: Spencer Platt/Getty Images

New York City Mayor Bill de Blasio announced at a press conference on Wednesday that schools will not fully reopen in fall, and will instead adopt a hybrid model that will limit in-person attendance to just one to three days a week.

Why it matters: New York City, once the epicenter of the coronavirus outbreak in the United States, is home to the nation's largest public school district — totaling 1,800 schools and 1.1 million students, according to the New York Times. The partial reopening plan could prevent hundreds of thousands of parents from fully returning to work.

Treasury blames lenders for PPP disclosure debacle

Illustration: Aïda Amer/Axios

The U.S. Treasury Department is pointing the finger at lenders for errors discovered in Monday's PPP data disclosure.

What they're saying: "Companies listed had their PPP applications entered into SBA’s Electronic Transmission (ETran) system by an approved PPP lender. If a lender did not cancel the loan in the ETran system, the loan is listed," a senior administration official said.

Updated 37 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 11,863,477 — Total deaths: 544,949 — Total recoveries — 6,483,402Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 2,996,679 — Total deaths: 131,486 — Total recoveries: 936,476 — Total tested: 36,878,106Map.
  3. Public health: Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: How the pandemic changed mobility habits, by state.
  5. Education: Harvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.