Illustration: Sarah Grillo/Axios

Microsoft is pushing aggressive goals to tackle climate change while simultaneously supporting House Republicans' more modest efforts on the matter.

Driving the news: On Thursday, Microsoft announced its new pledge to become carbon negative in 10 years, while earlier in the week its president, Brad Smith, expressed support for House Republicans’ far narrower efforts on climate.

Why it matters: These two developments reflect a common split-screen dynamic playing out across America. Many corporate leaders are promising aggressive action on climate change within their own firms while taking far more conciliatory tones when it comes to what, if anything, they want lawmakers on Capitol Hill to do.

The intrigue: House Minority Leader Kevin McCarthy (R-Calif.) hosted a meeting Thursday during which more than a hundred Republican members discussed policies the party could present as a way to address climate change.

  • This focus, which marks a shift away from denying or ignoring the problem over the last decade, comes as voters — especially younger ones — are more concerned about the matter.
  • Policies Republicans are discussing include expediting small modular nuclear power and expanding tax credits for carbon capture technology — but no comprehensive proposals, such as a price on carbon dioxide emissions.
  • McCarthy said he shared some of the ideas with Smith in a phone call earlier this week.
  • A Microsoft spokeswoman confirmed the call and the overall sentiment of it.

What they're saying: “[Microsoft] said, ‘We want to help you with that. We want to be a part of that,’" McCarthy told Axios Thursday in an interview. “The basis was, they said, ‘We like your approach because you’re basing it on science, technology and it’s really looking at the problem and solving it.’"

Between the lines: Microsoft has been vocal about its support for aggressive action on climate change. This includes recently doubling its internal price on CO2 and joining a group that supports a carbon price in Congress.

  • However, it is not funding a related campaign, American for Carbon Dividends, which is directly lobbying Congress on the policy.
  • McCarthy reiterated his long-standing opposition to a carbon tax in the interview Thursday.

What’s next: House Republicans are looking to unveil a package of related legislation in the spring.

Go deeper: Microsoft vows to become "carbon negative" by 2030

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Treasury blames lenders for PPP disclosure debacle

Illustration: Aïda Amer/Axios

The U.S. Treasury Department is pointing the finger at lenders for errors discovered in Monday's PPP data disclosure.

What they're saying: "Companies listed had their PPP applications entered into SBA’s Electronic Transmission (ETran) system by an approved PPP lender. If a lender did not cancel the loan in the ETran system, the loan is listed," a senior administration official said.

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  1. Global: Total confirmed cases as of 10:30 a.m. ET: 11,863,477 — Total deaths: 544,949 — Total recoveries — 6,483,402Map.
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Harvard and MIT sue Trump administration over rule barring foreign students from online classes

A Harvard Law School graduate on campus before attending an online graduation ceremony on May 28. Photo: Craig F. Walker/The Boston Globe via Getty Images

Harvard and MIT on Wednesday filed a lawsuit against the Department of Homeland Security to block federal guidance that would largely bar foreign college students from taking classes if their universities move classes entirely online in the fall.

The big picture: Colleges, which often rely heavily on tuition from international students, face a unique challenge to safely get students back to class during the coronavirus pandemic. Some elite institutions, like Harvard, have already made the decision to go virtual.