May 29, 2019

Exxon and Chevron to face investor pressure to do more on climate

Ben Geman, author of Generate

Climate change activists in New York City. Photo: Spencer Platt/Getty Images

ExxonMobil and Chevron, the biggest U.S.-based global oil giants, will face pressure to do more on climate change at their annual shareholders meetings today.

Why it matters: Investors have been pushing for climate-related commitments on the industry overall, but Exxon and Chevron have been less willing than European counterparts like Shell and BP.

Where it stands: Among other votes, resolutions urging creation of a board committee on climate change will come up at both meetings.

  • Chevron's investors will also vote on a resolution urging the company to cut carbon "in alignment" with the Paris agreement's temperature goal.

What's next: I'd be surprised if they pass over their boards' recommendations to vote no, but will be watching to see how much support they garner.

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The eye of the COVID-19 storm shifts to Latin America

Data: The Center for Systems Science and Engineering at Johns Hopkins; Chart: Naema Ahmed/Axios

The epicenter of the COVID-19 pandemic has moved from China to Europe to the United States and now to Latin America.

Why it matters: Up until now, the pandemic has struck hardest in relatively affluent countries. But it's now spreading fastest in countries where it will be even harder to track, treat and contain.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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  4. Congress: Pelosi slams McConnell on stimulus delay — Sen. Tim Kaine and wife test positive for coronavirus antibodies.
  5. World: Twitter slapped a fact-check label on a pair of months-old tweets from a Chinese government spokesperson that falsely suggested that the coronavirus originated in the U.S.
  6. Education: Science fairs are going virtual, and some online elements may become permanent.
  7. Axios on HBO: Science fiction writers tell us how they see the coronavirus pandemic.
  8. 🏃‍♀️Sports: Boston Marathon canceled after initial postponement, asks runners to go virtual.
  9. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Minnesota activates National Guard amid fallout from George Floyd death

A portrait of George Floyd hangs on a street light pole in Minneapolis. Photo: Stephen Maturen/Getty Images

George Floyd, 46, moved to Minnesota to improve his life and become his "best self," but instead, he is dead because of Minneapolis police.

The latest: Minnesota Gov. Tim Walz declared a state of emergency and activated the state's National Guard in response to violent clashes over the past two days between police and protesters in the Twin Cities.