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Illustration: Eniola Odetunde/Axios

The Supreme Court said Friday that it will review a petition from Big Oil companies — including BP, Exxon and Chevron — that argues that mounting climate lawsuits against them should be kept out of state courts.

Why it matters: "The high court’s interest in the issue is good news for oil and gas companies, which have tried for years to push climate liability cases to federal courts, and ultimately defeat them," Bloomberg Law reports.

  • The court agreed to weigh in on the venue for Baltimore's case against oil majors seeking damages over the harmful effects of global warming.
  • It's one of many similar suits against oil companies that local and state governments have filed in state courts.

Go deeper

Ben Geman, author of Generate
Jan 4, 2021 - Energy & Environment

Oil executives have mixed expectations for 2021

Data: Federal Reserve Bank of Dallas; Chart: Axios Visuals

2021 can't be worse for oil companies than 2020, but wow is that a low bar, and a new survey shows that executives see a mixed picture ahead.

Driving the news: U.S. prices hit their highest levels since February early today before receding.

Republicans pledge to set aside differences and work with Biden

President Biden speaks to Sen. Mitch McConnell after being sworn in at the West Front of the U.S. Capitol on Wednesday. Photo: Erin Schaff-Pool/Getty Images

Several Republicans praised President Biden's calls for unity during his inaugural address on Wednesday and pledged to work together for the benefit of the American people.

Why it matters: The Democrats only have a slim majority in the Senate and Biden will likely need to work with the GOP to pass his legislative agenda.

The Biden protection plan

Joe Biden announces his first run for the presidency in June 1987. Photo: Howard L. Sachs/CNP/Getty Images

The Joe Biden who became the 46th president on Wednesday isn't the same blabbermouth who failed in 1988 and 2008.

Why it matters: Biden now heeds guidance about staying on task with speeches and no longer worries a gaffe or two will cost him an election. His staff also limits the places where he speaks freely and off the cuff. This Biden protective bubble will only tighten in the months ahead, aides tell Axios.

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