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Photo: Nicholas Kamm/AFP/Getty Images

Warren's campaign says one of her existing policy proposals would create pressure on major oil-and-gas companies to splinter.

The intrigue: They pointed to her legislation that would require detailed disclosures from publicly traded companies about climate change.

  • Under her bill, filings with securities regulators would describe risks to the company from policies that would force steep emissions cuts consistent with holding global temperature rise to 1.5°C.

Why it matters: The campaign argues that this would lead to so-called stranded oil and natural gas reserves that would create big financial liabilities for energy companies.

Yes, but: The idea of stranded assets is controversial and beyond the scope of this blurb. And achieving emissions cuts consistent with 1.5°C is looking quite unlikely.

  • But those huge caveats aside, the campaign argues that this risk would push companies to break apart.

What they're saying: "If oil companies are required to disclose this information to investors, there will be enormous investor pressure on these companies to break up so that the non-fossil fuel parts of these companies would not be taken down by likely losses in the fossil fuel parts," Warren's campaign said.

The state of play: Warren touched on this goal in passing during Tuesday's Democratic debate when she was asked about her goal of breaking up tech giants.

  • "We need to enforce our antitrust laws, break up these giant companies that are dominating, Big Tech, Big Pharma, Big Oil, all of them," said Warren.

The bottom line: Warren is now the co-frontrunner with Joe Biden. It's another sign of the aggressive posture Warren has staked out.

Go deeper: Elizabeth Warren wants a climate-friendly SEC

Go deeper

Updated 43 mins ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 3 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Education: Schools face an uphill battle to reopen during the pandemic.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries — Brazil begins distributing AstraZeneca vaccine.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.