President Trump's policy legacy is as much defined by what he's ignored as by what he's involved himself in.
The big picture: Over the past four years, Trump has interested himself in only a slim slice of the government he leads. Outside of trade, immigration, a personal war against the "Deep State" and the hot foreign policy issue of the moment, Trump has left many of his Cabinet secretaries to work without interruption, let alone direction.
ExxonMobil reported a $680 million quarterly loss on Friday and announced plans for steep spending cuts, which comes just a day after it revealed plans for major layoffs.
Why it matters: The announcements signal how the company, which has made huge investments in supply expansions in recent years, is struggling to adjust to the sector's new reality.
New or expanded climate initiatives are popping up at several universities, a sign of the topic's rising prominence and recognition of the threats and opportunities it creates.
Why it matters: Climate and clean energy initiatives at colleges and universities are nothing new, but it shows expanded an campus focus as the effects of climate change are becoming increasingly apparent, and the world is nowhere near the steep emissions cuts that scientists say are needed to hold future warming in check.
The CEO of the American Petroleum Institute criticized the French government’s move blocking a $7 billion deal to import U.S. liquefied natural gas over concerns about climate change.
Why it matters: The tension reflects intercontinental division over how aggressively governments and companies should tackle global warming, including the potent greenhouse gas methane that’s the primary component of gas.
