This weekend will mark 47 years since The Rolling Stones' released "Exile On Main Street." That random fact is more than reason enough for them to open today's edition...
A pair of new polls underscore the Green New Deal's fast rise to political prominence and hint at how it could factor into the 2020 elections.
Why it matters: The separate surveys unveiled yesterday provide a fresh look at opinion ahead of a high-profile moment for the sweeping lefty climate and jobs plan.
By the numbers: A Yale and George Mason University survey shows that political views of the Green New Deal have splintered along partisan lines as its name recognition has increased.
The intrigue: "[S]upport for the Green New Deal is lower among Republicans who watch Fox News more frequently than it is among Republicans who watch it less often," the report notes.
The April survey showed support for the Green New Deal at just 22% among Republicans who watch Fox more than once per week, compared to 56% among those who watch the network once per week or less.
Now let's turn to a Monmouth University poll of Democratic New Hampshire primary voters released yesterday.
Last night the oil companies Occidental and Anadarko said they've entered into a "definitive merger agreement," a move that came hours after Chevron abandoned plans to buy Anadarko and its prized Permian Basin acreage.
Why it matters: Chevron's decision not to compete with the $76-per-share offer by Occidental — a company one-fifth its size by market cap — completes the picture of the largest oil industry merger in years.
Where it stands: Occidental said the cash-and-stock transaction is valued at $57 billion, including debt. The deal does not require approval from Occidental's shareholders, and the companies expect it to close in the second half of the year.
What they're saying: Chevron had the luxury of walking away, according to Greig Aitken, an analyst with the consultancy Wood Mackenzie.
But multiple analysts expect Chevron to eye other Permian acquisitions. Per MarketWatch, targets could include Diamondback Energy, Concho Resources, Pioneer Natural Resources and others.
What's next: Occidental's annual meeting is later today. Via The Wall Street Journal...
After decades of neglect, U.S. infrastructure is cracking, sagging and exploding — and pressure on old systems is growing as cities swell and the climate changes, Axios' Kaveh Waddell reports.
The big picture: Power companies, fearful of setting off more disasters like California's deadly wildfires, are hungrily buying up AI systems that can tell them which equipment is the next to rupture or go up in flames.
Why it matters: California's three largest utilities caused more than 2,000 fires in an approximately 3-year span, the L.A. Times reported in January. And gas-line explosions have killed hundreds and injured nearly 1,000 people in the past 2 decades.
Where it stands: The ordinarily conservative utilities are throwing everything they can into reducing these risks, says Otto Lynch, an adviser to the Infrastructure Report Card, a study of U.S. infrastructure by the American Society of Civil Engineers.
"You do not want to be the person responsible for taking down New York City," Lynch said.
What's new: A spate of new startups selling AI systems to predict oncoming equipment problems have found utilities eager customers.
Bernie Sanders is going guns blazing after tech giants over their business lines with oil companies — a potential new headache for Big Tech if the 2020 White House hopeful keeps up the attacks.
Driving the news: "At a time when climate change is the greatest crisis facing the planet, Microsoft and Google are making billion dollar deals with the fossil fuel industry," Sanders said via Twitter.
The intrigue: Sanders' attack comes as tech behemoths are already under an intense political microscope. Another 2020 hopeful, Sen. Elizabeth Warren, even wants to break up huge companies.
The big question: I'll be watching to see whether Sanders keeps highlighting tech sector relationships with the oil-and-gas industry. His campaign did not respond to inquiries on the matter yesterday.
Axios' Andrew Freedman reports on a new study showing that Earth's rivers are increasingly dammed for hydropower and other uses, disrupted by development and fragmented — threatening food and water sources that hundreds of millions of people depend upon.
What's new: A first-of-its-kind study published Wednesday in Nature provides a global census of the world's rivers, and seeks to answer the question of how many are still free-flowing.
By the numbers:
The big picture: The study finds large contiguous river networks with intact natural connectivity are limited to places where few humans live, including the Arctic, Amazon Basin, and Congo Basin in Africa.