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Koji Sasahara / AP

ExxonMobil is urging the White House to remain in the Paris climate change accord:

"We believe that the United States is well positioned to compete within the framework of the Paris agreement, with abundant low-carbon resources such as natural gas, and innovative private industries, including the oil, gas and petrochemical sectors."

Why it matters: Exxon's March 22 letter arrives as the White House is grappling with whether to abandon the 2015 climate pact. It notes that the U.S. gas boom has helped drive down the country's carbon emissions, adding that remaining in Paris can help the U.S. promote market access for gas under other nations' climate policies, among other reasons for staying in.

Our thought bubble: The support for the Paris deal from the likes of Exxon and ConocoPhillips highlights a divide between some powerful energy companies and conservative activists who want Trump to make good on his campaign pledge to abandon the deal.

The letter is from Peter Trelenberg, Exxon's environmental policy and planning manager, to David Banks, a top WH aide on international energy policy. It was first reported by the Financial Times.

Go deeper

1 hour ago - World

Netanyahu and Israel reluctantly adjust to a post-Trump Washington

Netanyahu (R) and Biden in 2010. Photo: Avi Ohayon/GPO via Getty

Prime Minister Benjamin Netanyahu and his close aides are very nervous about the transition to a new U.S. administration after a four-year honeymoon with Donald Trump. One Israeli official told me it felt like going through detox.

What he's saying: Netanyahu congratulated Biden minutes after he was sworn in, saying in a statement that he looked forward to working together to "continue expanding peace between Israel and the Arab world and to confront common challenges, chief among them the threat posed by Iran."

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3 hours ago - Economy & Business

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Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.