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Oil field run by Equinor. Photo: Carina Johansen/NTB Scanpix/AFP via Getty Images

Oil-and-gas giant Equinor said Friday that it’s leaving the Independent Petroleum Association of America, an industry trade group, due to differences over climate policy.

What's happening: Equinor cited the group’s lack of public support for the Paris Agreement and carbon pricing. 

  • However, Equinor is staying in the powerful American Petroleum Institute despite “some misalignment” on climate.
  • Read their review of trade group memberships here.

Why it matters: It’s the latest evidence of the emerging divisions in the relationship between European-based energy majors and K Street over climate change.

Go deeper:

Go deeper

Scoop: Hundreds of Biden staffers receive COVID vaccine

Screenshots of an email inviting White House staff to receive the COVID-19 vaccine, obtained by Alayna Treene/Axios

A week into the job, President Biden's White House medical team has administered the coronavirus vaccine to several hundred staffers — and aims to vaccinate all in-person staff over the next few weeks, officials tell Axios.

Why it matters: The new administration is ramping up steps to protect President Biden — but also to protect all staff working inside the complex. The administration is also requiring daily employee COVID tests and N95 masks at all times.

Dan Primack, author of Pro Rata
46 mins ago - Economy & Business

The Leon Black clock strikes midnight

Illustration: Sarah Grillo/Axios

Leon Black is "retiring" as CEO of Apollo Global Management, the alternative investment giant he has led since co-founding it in 1990. But he is not making a full break, as Black will remain chair of Apollo's board of directors.

Why it matters: This is the culmination of 18 months of head-in-the-sand obfuscation of Black's dealings with Jeffrey Epstein.

Reddit traders look to pummel Wall Street's old guard

Illustration: Sarah Grillo/Axios

Reddit traders are taking on Wall Street pros at their own game with this basic mantra: Stocks will always go up.

Why it matters: Their trades — egged on in Reddit threads — have played a role in historic market activity in recent days.

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