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The Big Bend coal fired power plant is located on Florida's West Coast. Photo: Andrew Lichtenstein/Corbis via Getty Images

Green-focused venture capital players have formed the Business Coalition for Conservation and Climate aimed at curbing emissions from public lands where the White House is seeking to widen fossil fuel development.

Why it matters: They hope to create a government-focused equivalent to what's already a robust network of sustainability and investor activists — groups like Ceres and the Task Force on Climate-related Financial Disclosures — that have long pushed private companies for more openness about climate risk.

One focus will be pushing for more transparency and disclosure about emissions in order to allow more widespread understanding of what transpires on federal lands.

The stakes: Public lands account for roughly 40% of U.S. coal production, and substantial — though much smaller — shares of U.S. oil and natural gas production.

Quoted: "Given this significant fossil fuel portfolio, it is clear that any meaningful national policy to address climate change must start with the lands over which we have the most authority," their announcement states.

Who they are: The founding members are:

  • Stuart & Marcella Bernstein, Goldman Sachs
  • Robert Keith, BearTooth Capital
  • Kevin Luzak, ArcherPoint Capital Management
  • Susan Mason, Aligned Ventures
  • Jon Powers, CleanCapital
  • Nancy Pfund, DBL Partners
  • Jonathan Silver, Tax Equity Advisors
  • Paul Smith, angel investor and former CEO
  • James M. Stone, Plymouth Rock Assurance
  • Ted Wang, Cowboy Ventures

Go deeper

Updated 2 hours ago - Politics & Policy

Prosecutors charge parents of Michigan school shooting suspect

Photo: Scott Olson/Getty Images

The parents of a 15-year-old accused of killing four students and wounding seven other people at a Michigan high school have been charged with four counts of involuntary manslaughter, according to court documents.

The latest: Lawyers for James and Jennifer Crumbley told the Detroit News they are "returning to the area to be arraigned," after law enforcement officials announced a search for the Crumbleys had been initiated.

Updated 6 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Coronavirus variant surveillance varies widely by state — Omicron cases confirmed in 5 U.S. states America probably won't lead the effort to understand Omicron.
  2. Vaccines: Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters — Moderna loses patent battles tied to COVID vaccine.
  3. Politics: Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy — Oklahoma sues Biden administration over Pentagon vaccine mandate — Omicron travel bans are sign of what's to come.
  4. World: WHO: Delta health measures help fight Omicron — COVID cases surge in South Africa in sign Omicron wave is coming — Germany approves new restrictions for unvaccinated people.
  5. Variant tracker: Where different strains are spreading.
7 hours ago - World

Putin to demand legal guarantee against NATO expansion in call with Biden

Biden and Putin meeting in Geneva in June. Photo: Mikhail Metzel\TASS via Getty Images

Russian President Vladimir Putin is demanding a legally binding guarantee that NATO will not expand east — including to Ukraine — and plans to raise the issue in an upcoming phone call with President Biden, according to the Kremlin.

Why it matters: Russia has massed more than 94,000 troops on the border with Ukraine and could be preparing for a large-scale invasion at the end of January, Ukraine's defense minister said Friday.