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President Trump at a press conference in January. Photo: Xinhua/Ting Shen via Getty Images

President Trump is making life more complicated for climate change advocates and K Street alike — in ways obvious and sometimes less so.

Driving the news: The climate world was abuzz Wednesday at reports that Trump will imminently begin the one-year process to bail on the Paris agreement.

  • Trump announced his intent to abandon the deal in 2017, but formally setting it in motion would, as the New York Times put it, be a "powerful signal to the world" about the U.S. climate posture.

The big picture: Trump's climate stances — with the Paris move, pulling back regulations and rejecting consensus science — have shifted K Street's tectonic plates.

  • A number of big companies and business groups — including the U.S. Chamber of Commerce and oil giants like Shell — support the non-binding Paris pact.
  • Look for industry backers to reiterate that support when Trump sets the formal withdrawal clock ticking.
  • It's not the only rupture between the White House and powerful industries. Major automakers have balked at draft plans to prevent auto mileage standards from getting tougher, while oil giants don't like plans to abandon regulation of methane.

My thought bubble: Here's one of the subtle ways Trump is making things more complicated for climate advocates in some respects ...

  • By moving hard-right on climate, he gives powerful industries an opening to show climate credentials by merely staying to his left.
  • This is all happening at a time when advocates want far more aggressive steps from regulators and companies alike to confront climate change as global emissions keep rising.

Where it stands: There was no sign of that formal withdrawal notification when Trump spoke at a shale energy conference in Pennsylvania yesterday.

  • But he did use the speech to bash the agreement in comments that left the impression he thought the withdrawal was already complete.
  • "I withdrew the United States from the terrible, one-sided Paris climate accord," he said.

Go deeper

3 hours ago - World

Hong Kong police arrest 6 people after Stand News raid

Patrick Lam, acting editor-in-chief of Stand News (C) is escorted by officers with the Hong Kong Police Force's national security department during a raid of the media outlet's offices in Hong Kong on Wednesday. Photo: Paul Yeung/Bloomberg via Getty Images

Hong Kong police said Wednesday they arrested six people at Stand News for "conspiracy to publish seditious publications" after over 200 national security officers raided the online pro-democracy news outlet.

Why it matters: It's the latest blow to free speech, independent journalism and the democracy movement in Hong Kong since China's government passed a draconian national security law last year, which has encroached on its autonomy that had seen it flourish as a global financial hub.

Updated 5 hours ago - Politics & Policy

Former Senate Majority Leader Harry Reid dies at 82

Photo: Andrew Harrer/Bloomberg via Getty Images

Former Senate Majority Leader Harry Reid (D-Nevada) died at 82 Tuesday "following a courageous, four-year battle with pancreatic cancer," his wife, Landra Reid announced.

The big picture: The influential politician was Senate majority leader from 2007 to 2015, and served in Congress for more than three decades. Both President Biden and former President Obama said Reid was a "great" Senate leader.

Updated 5 hours ago - Sports

NFL legend John Madden dies at 85

John Madden. Photo: Thearon W. Henderson/Getty Images

John Madden, the legendary football coach and broadcaster, died unexpectedly on Tuesday morning, the NFL announced. He was 85.

The big picture: Madden was a Super Bowl-winning coach, renowned football analyst for CBS, FOX, ABC and NBC and the face of Madden NFL, a video game which he endorsed and helped create.