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Markus Schreiber / AP

Canadian Prime Minister Justin Trudeau at CERAweek energy conference last night:

  • He talked up oil sands and the environment. Trudeau backs the Keystone XL and other export pipelines to help bring Alberta's massive oil sands resources to market (even as some oil majors turn away from the carbon-heavy fuels). "No country would find 173 billion barrels of oil in the ground and just leave them there," he said. "The resource will be developed. Our job is to ensure that this is done responsibly, safely, and sustainably." But Trudeau also spent plenty of time talking up his climate change initiatives, which include carbon pricing.
  • He also attacked the border adjustment tax: Trudeau offered a warning about imposing new trade restrictions. "Anything that creates impediments at the border, extra tariffs or new taxes is something we are concerned with," he said, warning of harm to the Canadian and U.S. economies. He made clear that he opposes the border adjustment tax idea specifically, and then urged the audience: "You can applaud against the border adjustment tax." They did.

Go deeper

Big Tech lobbies hard against looming antitrust bill

Illustration: Sarah Grillo/Axios

Big Tech CEOs, including Apple's Tim Cook and Google's Sundar Pichai, have been jawboning lawmakers as a Senate committee takes up a key antitrust bill Thursday.

Why it matters: The bill prompting this lobbying frenzy could upend how tech's giants do business, and tech's critics see this as a "now or never" moment for Congress to check the industry's power.

Biden stock market gets Trumped

Data: Yahoo Finance; Chart: Jared Whalen/Axios

U.S. stocks markets performed worse during the first year of Joe Biden's presidency than during the first year of Donald Trump's presidency.

By the numbers: The S&P 500 rose 19.3% between the market close before Biden's inauguration and yesterday's market close, compared to a 24.1% increase for Trump during the similar period.

First look: Biden's Year One turnover

Expand chart
Data: Brookings Institution; Chart: Thomas Oide/Axios

Low first-year turnover among President Biden's senior staff marks a "return to normalcy" and a sign of stability after the Trump years, says a new Brookings Institution report reviewed by Axios.

Driving the news: The departure of five out of 66 "A-Team" officials puts Biden's departure rate as the third lowest since Ronald Reagan's presidency, above only George H.W. Bush and son George W. Bush, the report found.