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The Climate Leadership Council and its advocacy arm, Americans for Carbon Dividends, has suspended Exxon's membership in the group.

Why it matters: The move comes in the the wake of a leaked video in which senior Exxon lobbyist Keith McCoy says the oil giant has only come out in favor of a carbon tax for public relations reasons.

  • “We continue to believe that we will establish lasting climate solutions by bringing together a broad and diverse group of stakeholders who can work together to address this enormous challenge," said CLC CEO Greg Bertelsen, in a statement. "This will continue to be our guiding principle.”

Our thought bubble: This move is a clear sign of the harm that Exxon has suffered to its reputation as a result of the comments recorded by GreenpeaceUK under false pretenses, which aired on Channel 4 in Britain and were distributed online around the world. 

What they’re saying: An Exxon spokesman called the decision “​​disappointing and counterproductive” and said, “It will in no way deter our efforts to advance carbon pricing.”

  • “It’s more important than ever for organizations to work together to advance meaningful policy solutions to address shared challenges and society’s net zero ambitions,” Exxon spokesman Casey Norton said.

Catch up fast: The CLC, which launched in 2017, advocates for a carbon tax that would see revenues returned to the public via dividend payments. The plan also calls for removing some regulations as the tax is enacted.

  • The group’s founders included several GOP elder statesmen. Individuals supporting the group include former Fed chairman Ben Bernanke, former Energy Secretaries Steven Chu and Ernest Moniz, while Treasury Secretary Janet Yellen has also backed its efforts (though she’s currently listed as “inactive” due to joining the Biden administration).
  • Members also include several corporate giants like Shell, GM and Microsoft, as well as three green groups: Conservation International, the World Resources Institute and the World Wildlife Fund.

Go deeper

Sep 21, 2021 - Axios Des Moines

Conflict of interest? Critics question $4.5B Iowa pipeline proposal

Carbon dioxide would be captured from more than 30 ethanol plan facilities via a pipeline across five Midwest states. Screen grab from Summit Carbon Solutions informational video

Former Iowa Gov. Terry Branstad is at the center of critics' concerns about a proposed $4.5 billion pipeline project to capture carbon emissions across the state.

  • Opponents of the pipeline are raising questions at recent public meetings about Branstad's advisory role in the project, and whether his appointees to the board tasked with approving it have a conflict of interest, the Des Moines Register reports.

Why it matters: The Midwest Carbon Express project would cross 30 Iowa counties and be classified as a hazardous liquid pipeline.

  • Branstad appointed two of the three members on the Iowa Utilities Board (IUB), which can approve eminent domain powers to force unwilling landowners to sell easements.
Ina Fried, author of Login
2 hours ago - Technology

Intel CEO sees making own chips as a matter of national security

Pat Gelsinger. Photo: Axios on HBO

Intel CEO Pat Gelsinger is putting the pressure on the U.S. government to help subsidize chip manufacturing, insisting the current reliance on plants in Taiwan and Korea as "geopolitically unstable."

Why it matters: There is bipartisan support for funding the domestic semiconductor industry, but Congress has yet to sign the check. The Senate has passed the CHIPS Act that includes $52 billion in semiconductor investment, but it has yet to pass the House.

Updated 2 hours ago - World

17 U.S. and Canadian missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

Children are among a group of 17 missionaries kidnapped in Port-au-Prince, Haiti, per a statement from Christian Aid Ministries Sunday.

The latest: "The group of 16 U.S citizens and one Canadian citizen includes five men, seven women, and five children," the Ohio-based group said. Haitian police inspector Frantz Champagne on Sunday identified the 400 Mawozo gang as the group responsible, in a statement to AP.