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Illustration: Rebecca Zisser/Axios

For the first time yesterday, the U.S. Chamber of Commerce publicly split with the White House over its plan to freeze Obama-era vehicle emissions and mileage rules.

Why it matters: While K Street is directionally inclined toward deregulation, there can be colliding interests below the surface. And that's certainly the case when it comes to the oil and auto industries.

  • It came the same day that Shell, BP and ExxonMobil issued statements opposing EPA's new draft rule to roll back regulation of the potent greenhouse gas methane from oil-and-gas development.
  • The supermajors' statements were a contrast to lobbying groups representing independent oil-and-gas companies, which cheered the EPA plan.

Where it stands: The Chamber, in a letter to U.S. and California regulators, urged them to strike a deal that enables continued increases in standards yet weakens the Obama-era targets.

  • The Chamber says that if the White House and California can't reach a deal to maintain a single set of rules, the result will be uncertainty, job losses, and delayed spending on safety and emissions tech.
  • In an accompanying report, they argue that Obama's rules for increasing standards through the mid-2020s are too much, too fast — but President Trump's plan is "misguided and insufficient." It's a stance that echoes major automakers' posture.

The big picture: The disputes show how the administration's moves to unwind Obama-era climate policies are too much for some segments of these industries, notably big players who...

  • Face intense public and investor pressure on global warming.
  • See a competitive edge if environmental regulations are maintained or, as some oil majors want in the case of methane, even expanded.
  • In the automakers' case, fear the uncertainty that would stem from a messy court battle, and loathe the idea of a bifurcated U.S. market.

The intrigue: Let's be clear — oil majors are not Greenpeace. Instead, maintaining regulations gives them a competitive advantage thanks to their huge financial resources.

  • And while they're free to continue cracking down on methane even in the absence of regulation, the rollback creates other problems.
  • As Bloomberg's Jennifer Dlouhy points out, global giants like Shell and BP have "warned the administration’s retreat on methane threatens to undermine the sales pitch for natural gas as a source of electricity that burns cleaner than coal."

Go deeper: Big Auto's rupture with Trump

Go deeper

Senate Democrats demand answers on FBI's Kavanaugh probe

Photographer: Andrew Harrer/Bloomberg via Getty Images

Senate Democrats are demanding that the FBI hand over "all records and communications" related to the FBI tip line set up to investigate Supreme Court Justice Brett Kavanaugh when he was a nominee in 2018.

Why it matters: The ask comes after the FBI revealed it received more than 4,500 tips about Kavanaugh when he was awaiting Senate confirmation amid sexual assault allegations. Only the most "relevant" of these tips were forwarded to the Trump White House.

Chip relief on the horizon

Illustration: Sarah Grillo

Good news: The worst of the chip supply crunch might be near.

The other side: Here's the bad news... CEOs say chips totally flowing like normal is still a ways out.

Trump ally Tom Barrack pays $250 million bond to get out of jail

Tom Barrack speaking at a symposium in Tokyo in March 2019. Photo: Kiyoshi Ota/Bloomberg via Getty Images

Real estate investor Tom Barrack paid a federal court a bond of $250 million to get out of jail on Friday while awaiting trial after he was arrested and charged with acting as an unregistered foreign agent for the United Arab Emirates earlier this week, AP reports.

Driving the news: A federal judge also ordered Barrack, a longtime ally of former President Trump and chair of his inaugural committee, to wear a GPS monitoring bracelet at all times and barred him from transferring funds overseas.