LM Otero / AP

"I'm not going to say to the president of the United States 'Let's just walk away from the Paris accord,'" Energy Secretary Rick Perry said Tuesday at a Bloomberg New Energy Finance conference in New York. "But, what I'm going to say is that I think we probably should renegotiate it."

  • Why his position matters: Perry joins Secretary of State Rex Tillerson, Jared Kushner and Ivanka Trump in thinking the US should stay in the 2015 climate deal. Steve Bannon and Reince Priebus are on the other side.
  • Next steps: President Trump campaigned on withdrawing from or even canceling the deal (the latter which isn't technically possible), and will make a decision by the G-7 meeting at the end of May. A meeting of climate negotiators earlier in May in Germany could shed some light on which way the administration is leaning.
  • Speaking of Germany: At the conference, Perry called out Germany in particular for displaying ambitious rhetoric on addressing climate change but instituting policies, such as closing down nuclear plants, that ultimately increase its greenhouse gas emissions.

Go deeper

Virtual school is another setback for struggling retail industry

Illustration: Annelise Capossela/Axios

A virtual school year will likely push retailers even closer to the brink.

Why it matters: Back-to-school season is the second-biggest revenue generating period for the retail sector, after the holidays. But retailers say typical shopping sprees will be smaller with students learning at home — another setback for their industry, which has seen a slew of store closures and bankruptcy filings since the pandemic hit.

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The pandemic hasn't hampered the health care industry

Illustration: Rebecca Zisser/Axios

The economy has been tanking. Coronavirus infections and deaths have been rising. And the health care industry is as rich as ever.

The big picture: Second-quarter results are still pouring in, but so far, a vast majority of health care companies are reporting profits that many people assumed would not have been possible as the pandemic raged on.

Column / Harder Line

How climate and business woes are sinking a natural-gas project

Illustration: Annelise Capossela/Axios

The Trump administration recently touted its approval of America’s first terminal on the West Coast to export liquefied natural gas. There’s just one problem: it probably won’t be built.

Why it matters: The project in southern Oregon faces political and business hurdles serious enough that those who are following it say it will be shelved. Its problems embody the struggles facing a once-promising sector that's now struggling under the weight of the pandemic and more.