The American Petroleum Institute is preparing to endorse, in principle, a price on carbon emissions, according to a draft statement first reported by the Wall Street Journal.
Why it matters: The endorsement of carbon pricing, which API said in its draft statement would "lead to the most economic paths to achieve the ambitions of the Paris Agreement,” would signal an evolving climate stance from the oil industry's top lobbying group.
Senior Democratic lawmakers in both chambers are unveiling climate and clean energy proposals this week.
Driving the news: Sen. Joe Manchin (W.Va), who chairs the energy committee, is proposing $8 billion in new tax credits to spur domestic manufacturing of climate-friendly technologies.
Volvo Cars said this morning that it plans to sell only fully electric cars by 2030, building on a prior target of having 50% of sales come from fully electric models by 2025.
Why it matters: It marks the latest target by several automakers to electrify their passenger lineups.
Newly released data show that global CO2 emissions had returned to pre-pandemic levels by the end of last year and surpassed them in some major economies.
Why it matters: The International Energy Agency warned that clean energy efforts are falling short.
Many Americans assume the rest of the country doesn't share their political and policy priorities — but they're often wrong, according to new polling by Populace, first seen by Axios.
Why it matters: The polling reveals that despite growing political polarization, Americans share similar long-term goals and priorities for the country.
Boeing and the Royal Australian Air Force (RAAF) announced Tuesday local time that they've completed the first test flight of a pilotless fighter-like jet devised to operate alongside crewed aircraft.
Why it matters: The "Loyal Wingman" combat drone is serving as the foundation for the Boeing Airpower Teaming System being developed for the company's global defense customers. It has the potential to "revolutionize the RAAF's air combat tactics playbook," per The Drive.
Mark Gallogly, a Wall Street veteran and big-dollar Democratic donor, is joining John Kerry’s international climate team, people familiar with the matter tell Axios.
Why it matters: Hiring someone with Gallogly’s experience is an indication Kerry plans to leverage markets and investing strategies to address climate change. Gallogly is the highest-profile New York investor to sign on to the Biden administration.
ExxonMobil Monday morning announced two additions to its board as the oil giant faces pressure to boost financial performance and do more on climate.
Driving the news: Activist investor Jeffrey Ubben and Michael Angelakis, CEO of the investment company Atairos and a former senior Comcast Corp. official, are the board's two newest members.
Petaluma, California, has voted to outlaw new gas stations, the first of what climate activists hope will be numerous cities and counties to do so.
Why it matters: Expect more such ordinances, particularly in liberal towns. Grassroots groups are popping up with the mission of spreading this type of ban and forcing pollution cleanups at existing gas stations.
