Remember when my Axios colleague Amy Harder wrote this week about simmering trade tensions between President Trump and the oil-and-gas industry? Well, they're boiling over now that Trump is preparing to impose steep tariffs on steel imports (25%) and aluminum too (10%).
Why it matters: The action underscores how Trump's professed support for oil-and-gas producers is colliding with his super-hawkish trade stance — and the president's trade desires are winning the day right now.
ExxonMobil and Bank of America (BofA) are pouring a combined $27.5 million into a new Stanford University research program to push low-carbon energy further into the mainstream while seeking new technology breakthroughs. It will link major companies with Stanford scientists as well as experts in engineering, finance, economics and policy.
Why it matters: The Stanford Strategic Energy Alliance’s multidisciplinary focus highlights how clean energy has arrived to a new place — it's now on multiple tracks, spanning mainstream commercial deployment to deep R&D into the next wave of breakthroughs, and a lot of points in between.
