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Sen. John Barrasso (R-Wy.). Photo: Chip Somodevilla via Getty Images

A small bipartisan group of lawmakers introduced legislation Thursday that would support the buildout of technology capturing carbon dioxide emissions.

Why it matters: Although it’s not nearly as high-profile or sweeping as the Green New Deal resolution, also unveiled Thursday, the bill takes a more direct, concrete aim at the root of climate change: emissions themselves.

Details: Senate Environment and Public Works Committee chairman John Barrasso (R.-Wyo.) and the panel’s top Democrat, Sen. Tom Carper (D-Del.), led the group introducing the bill, which supports the technology by ensuring coordination among federal agencies to develop pipelines to move the captured CO2 emissions, among other things.

  • Barrasso likes the bill because it helps ensure use of U.S. fossil fuels in a world addressing climate change, while Carper said the technology is essential to cutting emissions.
  • The bottom line: They’re both right. The world remains heavily dependent on fossil fuels, so making them cleaner is key to addressing climate change. That’s why this technology is both essential and a rare bipartisan policy.

Flashback: The bill passed the same committee last year, but didn't make it through the Senate before session ended.

Between the lines: The Green New Deal is agnostic on whether it supports carbon capture technology, despite scientists saying it’s essential. An earlier version backed by Rep. Alexandria Ocasio-Cortez (D-N.Y.) appeared to endorse it, but that language is now gone. It’s an indication of the internal disagreements between factions of the left over this tech, given that it supports fossil fuels.

Go deeper:

Go deeper

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

First glimpse of the Biden market

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%.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

3 hours ago - Politics & Policy

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.