Two architects of the Paris Climate Agreement present a pair of possible scenarios for the global climate in 2050 — one in which we've met the carbon reduction targets laid out in the agreement, and one in which we've failed.

Why it matters: The authors argue that we have a decade left to pick which path the planet will take: catastrophe or hope.

Some climate and energy legislation could actually reach the finish line this year in a divided Congress, according to a new analysis from the think tank Third Way.

Driving the news: Third Way says that's not crazy, pointing to a series of modest measures where "priorities are aligned" on both sides of Capitol Hill.

Oil prices have resumed their slide in recent days, signaling renewed fears of how much the novel coronavirus will eat into demand.

Why it matters: It's a barometer of how the spreading and sometimes deadly illness is curbing global economic activity.

European-based oil giants' evolving steps on climate change are cracking — but not yet rupturing — the industry's lobbying and advocacy relationships in the U.S.

Driving the news: This morning BP said it's leaving three groups over differences on climate policy: American Fuel & Petrochemical Manufacturers, the Western States Petroleum Association, and the Western Energy Alliance.

Oil-and-gas giant BP is planning to leave at least two industry trade groups due to differences over climate change policy, The Washington Post reported Tuesday night.

Driving the news: BP is expected to leave American Fuel & Petrochemical Manufacturers (AFPM), and the Western States Petroleum Association (WSPA), they report. The WSPA confirmed to Axios that BP is leaving.