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Sen. Mike Braun. Photo: Sarah Silbiger/Stringer/Getty Images

Nearly two dozen proponents of a carbon tax across the corporate, economic and advocacy spectrum pitched their climate plan to a bipartisan group of senators over dinner this week.

Why it matters: It's a concrete sign of the growing pressure facing lawmakers to pass big policy on climate change, even though the chances of that happening any time soon remain slim.

The intrigue: Senior officials from almost every entity that's part of the Climate Leadership Council were present at the dinner, which included nine senators from both parties and those who are members of the newly formed Climate Solutions Caucus.

Where it stands: The plan the backers are pitching is a $40-a-ton carbon tax that gradually rises and from which proceeds are refunded to consumers. The coalition was launched in early 2017 by former Republican leaders, including two former secretaries of state, James Baker and George Shultz.

  • The proposal is being pushed by a coalition of strange bedfellows that includes corporations, environmental groups, former Republican politicians and economists.
  • Since its launch, the effort has gained impressive support from big oil companies and environmental groups, but it hasn't found much Republican backing in Congress.

What they're saying: In a joint statement after the dinner, Sens. Chris Coons (D-Del.) and Mike Braun (R-Ind.), didn't say they supported (or opposed) the policy, and instead said they're in the process of hearing from various interests about what to do about climate change. The bipartisan pair founded the Senate caucus on the topic.

Driving the news: The council is also announcing new developments on Thursday, including:

  • New members, such as JPMorgan Chase and Goldman Sachs.
  • New details, including the plan would seek to work with states that already have climate policies, like California, to ensure the state policies are harmonious with federal measures.

Go deeper: As Congress mulls climate policy, carbon tax getting no love

Go deeper

Heat wave enveloping West will shatter records, spark wildfires

The sun sets behind power lines in Rosemead, California on June 14, 2021, amid an early season heatwave across much of California this week. Photo by Frederic J. Brown/AFP via Getty Images

A dangerous and widespread mid-June heat wave is bringing blowtorch-like heat, skyrocketing power demand, and “critical” wildfire danger to much of the West Tuesday through this weekend.

Why it matters: The heat is building in a region that is experiencing a record drought, leading to dangerous fire weather conditions, straining electrical grids, and causing water supplies to dwindle further. The heat itself may prove deadly.

Politico's top editor leaving for NBC

Screenshot: Youtube

Politico’s top editor Carrie Budoff Brown is joining NBC in a high-level executive position at the network that includes overseeing the "Meet the Press" franchise, sources familiar with the discussions tell Axios.

Why it matters: Budoff Brown has been with Politico since its earliest days in 2007 and is admired among newsroom staff. Her departure will be a major loss to the organization.

Bored of binging: Weekly streaming releases on the rise

Expand chart
Data: Parrot Analytics; Chart: Will Chase/Axios

Consumers and streamers are gravitating towards shows that are released weekly, as opposed to binge-watching shows that are released all-at-once, according to data provided exclusively to Axios from Parrot Analytics.

Why it matters: Streamers are no longer competing against traditional TV for consumers attention — they're competing against each other. Weekly releases help reduce subscriber churn.

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