Axios

Chevron said Thursday that it would not increase its bid to buy Anadarko, leaving the prize to Occidental while walking away with a $1 billion breakup fee.

The latest: Anadarko announcing on Thursday evening that it has entered into a “definitive merger agreement” with Occidental, expected to close in the second half of 2019.

Earth's rivers are increasingly dammed, disrupted by development and fragmented — all of which are threatening food and clean water sources that hundreds of millions of people depend on, a new study finds.

What's new: A first-of-its-kind study published Wednesday in Nature provides a global census of the world's rivers, and seeks to answer the question of how many are still free-flowing.

President Trump told reporters Thursday that he was "very surprised" that his son, Donald Trump Jr., was subpoenaed by the Senate Intelligence Committee, as first reported by Axios.

UNs Secretary-General António Guterres is trying to rev up global efforts to achieve climate goals that are slipping out of reach.

Driving the news: In a new interview with AP, he warns of a "catastrophic situation for the whole world" as he prepares to tour Pacific islands facing existential threats from rising seas.

GM's plan to sell its shuttered Lordstown, Ohio, plant to the Workhorse Group, an electric truck company, would remove a political headache for GM and is already bringing new prominence to the little-known buyer.

Driving the news: GM is in talks with Workhorse and an affiliated party to "bring significant production and electric vehicle assembly jobs to the plant."

Lawmakers offer lots of bills every day that just vanish into the ether, but yesterday my inbox filled up with responses to a new energy proposal, and the rollout says a lot about the state of play heading into the 2020 elections.

Driving the news: 2 Democrats — Sen. Tina Smith and Rep. Ben Ray Luján — unveiled plans for a "clean energy standard" that would require utilities to supply escalating amounts of carbon-free power annually over coming decades.

A Republican backlash has followed the decision by the Republican-led Senate Intelligence Committee to subpoena Donald Trump Jr. in relation to the Russia investigation.

Be smart: Senate Intel Chair Richard Burr (R-N.C.) may be more resilient to this kind of pressure than most Republicans would be.

Unprecedented flooding is devastating the Midwest with the Mississippi River rising to some of its highest levels since 1993.

What's new: Heavy rain prompted more flash flooding concerns over Wednesday night, as Kansas residents were evacuated from their homes and dozens of Texas children were left stranded at school, AP reports.

President Trump traveled to Florida on Wednesday to host a rally and visit those affected by Hurricane Michael, the Category 5 storm that hit the state in October 2018. But 7 months after the hurricane, disaster-relief funding remains at a standstill.

Catch up quick: Relief funds have stalled as a back-and-forth unfolds between Trump and Congress, as sources familiar with the negotiations say they're stuck on the specific amount of funding for Puerto Rico, Axios' Alayna Treene reports.

The Republican-led Senate Intelligence Committee has subpoenaed Donald Trump Jr. to answer questions about his previous testimony before Senate investigators in relation to the Russia investigation, sources with direct knowledge told Axios.

Why it matters: It's the first congressional subpoena — that we know about — of one of President Trump's children. The subpoena sets up a fight that's unprecedented in the Trump era: A Republican committee chair pit against the Republican president's eldest son.

Three Mile Island nuclear power plant will begin a planned shutdown on June 1 now that owner Exelon confirmed it won't receive financial aid from Pennsylvania's government, AP reports.

The impact: Nuclear provides 94% of Pennsylvania's carbon-free electricity. Coal and natural gas plants — which burn fuel cheaper, but emit carbon dioxide — are expected to make up for the lost power. As for jobs, the plant employs nearly 700 people.

If it seems unlikely that wealthy Tesla owners would want to share their high-tech cars with the masses, think again. Teslas are already among the most popular cars rented on Turo, the original peer-to-peer car-sharing site.

Why it matters: There's an established market for occasional use of a Tesla, and owners can make good money renting out their car when they're not using it. Instead of a side hustle, Turo pitches car-sharing as a way to "car up" to a premium vehicle you might not otherwise afford.

House Judiciary Chairman Jerry Nadler (D-N.Y) told CNN Wednesday that President Trump's repeated flouting of the rule of law has thrust the U.S. into a constitutional crisis.

Oil demand could peak by 2025 and fall more than 30% by 2050 if countries take aggressive steps to hold the long-term global temperature rise to under 2°C, Barclays analysts say in a new report.

Federal Reserve Chair Jerome Powell told lawmakers the Fed is working to prepare financial institutions for severe weather events, even though climate is more broadly something "entrusted to other agencies."

Why it matters: Powell's April 18 letter, made public yesterday, provides a closer look than his previous public comments at how the Fed views the financial risks of extreme weather events that global warming is making more intense.

House Speaker Nancy Pelosi said Wednesday at a Washington Post event that she believes Attorney General Bill Barr should be held in contempt of Congress over his refusal to provide the House Judiciary Committee with an unredacted copy of the Mueller report.

The big picture: Pelosi specifically cited Barr's refusal to comply with a House Judiciary subpoena for the unredacted version of the report as the basis for these contempt proceedings, saying it was separate from other issues — like his refusal to testify before the committee last week as well as allegations that he lied during a Senate Judiciary Committee hearing, which Pelosi later called a crime.

Severe thunderstorms are erupting over parts of the southern Plains and Texas that could spawn strong tornadoes, damaging straight line winds and baseball-sized hail, according to NOAA's Storm Prediction Center.

Thought bubble from Axios Science editor Andrew Freedman: The risk for tornadoes, including several strong tornadoes, is elevated particularly over the Texas Panhandle and a slice of far western Oklahoma. It's unusual for NOAA's Storm Prediction Center to forecast a tornado risk quite this high, which indicates their confidence that the ingredients necessary for such phenomena are likely to come together.