Photo: Jabin Botsford/The Washington Post via Getty Images

Top executives from nearly three dozen mostly manufacturing companies are urging President Trump to back a policy achieved under former President Obama that they say would create American jobs. It would also cut greenhouse gas emissions, but that went unmentioned.

Why it matters: This is a classic example of how an industry works to ensure it benefits from regulations. These companies are poised to make a profit as consumers buy new appliances, like air conditioners, with new, climate-friendly refrigerants. To them, it isn’t really about climate change.

Timing: The letter, sent Wednesday and obtained by Axios, comes just a few days after a group of 13 Republican senators, including Sens. Lisa Murkowski of Alaska and Tim Scott of South Carolina, sent a similar plea.

The details: The policy at issue is an amendment to a global environmental treaty, the Montreal Protocol, that phases down refrigerants in appliances that emit powerful greenhouse gas emissions.

  • The amendment was signed in Kigali, Rwanda, in October 2016, with leadership by Obama and his then-Environmental Protection Administrator Gina McCarthy.
  • The executives, like the senators in the earlier letter, are urging Trump to send the amendment over to the Senate, which needs to review it and ultimately vote on approving it in order for it to go into effect.
  • Not approving the amendment “could transfer the current competitive advantage from America to other countries, like China,” wrote the executives, which includes Honeywell, Johnson Controls and Dow Chemical.

Go deeper

Court allows North Carolina mail-in ballots deadline extension

An absentee ballot election worker stuffs ballot applications at the Mecklenburg County Board of Elections office in Charlotte, North Carolina, in September. Photo: Logan Cyrus/AFP via Getty Images

North Carolina can accept absentee ballots that are postmarked Nov. 3 on Election Day until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling.

Why it matters: The 4th Circuit Court of Appeals' ruling against state and national Republican leaders settles a lawsuit brought by a group representing retirees, and it could see scores of additional votes counted in the key battleground state.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

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