May 31, 2017

Axios PM

By Mike Allen
Mike Allen
Trump's climate jam

Our own Jonathan Swan scooped this morning that Trump plans to withdraw from the Paris climate pact. The response was fast and furious, in particular from Trump-friendly businesses:

  • Corporations, including Big Energy, are under intense internal and external pressure to support the climate change fight. They hate the P.R. and dislike the new dimension of global business uncertainty.
  • ExxonMobil's investors voted today in Dallas to urge the company to disclose how climate-change regulations could hurt its business. With 62% in favor, that's a near doubling from last year's 38%.
  • Elon Musk, who has been lobbying Trump to stick by the Paris agreement, said on Twitter he will quit informally advising the president if he does this.

Sound smart: The pressure on Trump to fold is intense, especially from CEOs and his daughter, Ivanka Trump. We're told he won't. So look for prominent business leaders to publicly join forces for a private sector bid to meet the Paris objectives.

Go deeper: Why Trump is pulling out of the Paris deal

What you missed
  1. Hillary out of nowhere: She had questions on Trump-Russia, and a critique for the Democrats on voter data. Toplines.
  2. Comey roars back: The fired FBI director is expected to confirm, as soon as next week, that Trump pressured him on Russia. Must-see TV.
  3. The White House says it's done talking Russia. Meanwhile, the president tweeted twice about it today.
  4. The Netflix theory of evergreen: We were particularly interested in CEO Reed Hastings' take on live programming vs shows you watch on repeat. Highlights.
  5. The tech trends that will matter in 2017: Ina Fried with the quick summary.
1 "whoa" thing

China is 2/3 of the global "on-demand" transportation market. That's not a typo.

Mike Allen