President Biden campaigned on a climate platform vastly stronger than any major party nominee in history, and now the White House is making its enactment a major priority.
Why it matters: It's a remarkable turn, given that Biden entered the race as a moderate and climate wasn't a top priority during his Senate career.
The Securities and Exchange Commission held meetings this month with powerful K Street and Wall Street players as regulators mull new rules on corporate disclosure of climate-related risks.
Why it matters: Disclosure could soon move beyond voluntary and private-sector-led efforts to become more deeply embedded in federal regulation.
Solidia Technologies, a firm with tech that absorbs CO2 in the concrete curing process, has raised another $78 million from some heavy-hitting VC players.
Why it matters: The funding is the latest sign of interest — and optimism — around various types of carbon removal technologies.
West Virginia Attorney General Patrick Morrisey is leading 19 states seeking Supreme Court review of the scope of EPA's authority over greenhouse gases.
Driving the news: The petition asks the high court to review January's appellate ruling that struck down a Trump-era rule on power plant CO2 emissions.
The largest U.S.-based multinational oil giants swung back into positive territory in their first-quarter earnings reports this morning as higher oil prices this year help the sector emerge from the pandemic.
Why it matters: The Q1 financials from Exxon and Chevron come after BP, Shell and Total also reported profits earlier in the week, signaling Big Oil's improving fortunes after COVID-19 crushed demand and prices last year.
John Kerry disclosed millions in income and a massive stock portfolio that he's liquidated since taking office as President Biden’s special climate envoy, according to a financial filing obtained by Axios on Friday.
Why it matters: Kerry is among the wealthiest members of the Biden administration. He maintains significant influence over U.S. energy and environmental policy as Biden's climate envoy, a role that comes after he advised a number of firms in the space following his time as secretary of State.
