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A fin whale surfaces near offshore oil rigs. Photo: David McNew/Getty Images

A tangible shift over the last two years is sharpening among the world’s biggest oil companies, including in America, to more readily acknowledge and address climate change.

The bottom line: The trend, fueled by investor and lawsuit pressure, is underway regardless of, and partly in response to, President Trump’s retreat on the matter.

Driving the news:

  • Via E&E News: Chevron now says it backs a carbon tax, under certain terms. “It would have to be a ‘well-designed policy,'" spokesman Sean Comey said by email to the publication. That appears to be a shift from last year, when a Chevron spokeswoman told the same publication “that the company ‘does not support general calls for implementing a price on carbon.’”
  • Via Alaska Public Radio: “‘There’s been a real sea change in the last 18 months or so in how the oil industry approaches climate change as a financial issue,’ said Andrew Logan of Ceres, a Boston-based nonprofit that works with investors and companies to make the business case for environmentally friendly practices.”
  • Via Bloomberg: Goldman Sachs’ co-head of global natural resources, Gonzalo Garcia, said in a presentation at a conference in Norway Wednesday that “he’s probably spent more time talking with oil company executives about the energy shift and renewables in the last two years than the previous 23 put together.” Garcia says he predicts U.S. companies like Exxon and Chevron will invest in renewables like their counterparts in Europe.

Go deeper: Exxon, Chevron join global industry group on climate

Go deeper

39 mins ago - Politics & Policy

McConnell drops filibuster demand, paving way for power-sharing deal

Senate Majority Leader Chuck Schumer (R) and Minority Leader Mitch McConnell attend a joint session of Congress. Photo: Olivier Douliery/AFP via Getty Images

Senate Minority Leader Mitch McConnell has abandoned his demand that Democrats state, in writing, that they would not abandon the legislative filibuster.

Between the lines: McConnell was never going to agree to a 50-50 power sharing deal without putting up a fight over keeping the 60-vote threshold. But the minority leader ultimately caved after it became clear that delaying the organizing resolution was no longer feasible.

2 hours ago - Technology

Scoop: Google won't donate to members of Congress who voted against election results

Sen. Ted Cruz led the group of Republicans who opposed certifying the results. Photo: Stefani Reynolds/Pool/AFP via Getty Images

Google will not make contributions from its political action committee this cycle to any member of Congress who voted against certifying the results of the presidential election, following the deadly Capitol riot.

Why it matters: Several major businesses paused or pulled political donations following the events of Jan. 6, when pro-Trump rioters, riled up by former President Trump, stormed the Capitol on the day it was to certify the election results.

3 hours ago - Politics & Policy

Minority Mitch still setting Senate agenda

Illustration: Aïda Amer/Axios

Chuck Schumer may be majority leader, yet in many ways, Mitch McConnell is still running the Senate show — and his counterpart is about done with it.

Why it matters: McConnell rolled over Democrats unapologetically, and kept tight control over his fellow Republicans, while in the majority. But he's showing equal skill as minority leader, using political jiujitsu to convert a perceived weakness into strength.