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Despite federal and industrial efforts to lean on renewable fuel sources, biofuels may be too expensive to ever outcompete fossil fuels.

Go deeper

Ben Geman, author of Generate
Aug 20, 2020 - Politics & Policy

Feud over fossil fuel subsidies spotlights Democrats' climate fissures

Illustration: Rebecca Zisser/Axios

Joe Biden's campaign is emphasizing that he really, really doesn't like subsidies for fossil fuels at a time when climate activists are blasting the removal of anti-subsidy language from the Democratic National Committee platform.

What they're saying: "[Joe Biden] continues to be committed to ending U.S. fossil fuel subsidies [and] then rallying the rest of the world to do the same — as was outlined in his climate plan last year," Biden policy director Stef Feldman tweeted Wednesday.

Janet Yellen is back

Photo illustration: Sarah Grillo/Axios. Photo: Hannelore Foerster/Getty Images

A face familiar to Wall Street is back as a central player that this time will need to steer the country out of a deep economic crisis.

Driving the news: President-elect Joe Biden is preparing to nominate former Fed chair Janet Yellen to be Treasury secretary.

Mike Allen, author of AM
36 mins ago - Politics & Policy

Charles Koch: "I screwed up"

In his first on-camera interview in four years, Charles Koch told "Axios on HBO" that he "screwed up by being partisan," rather than approaching his network's big-spending political action in a more nonpartisan way.

Why it matters: Koch — chairman and CEO of Koch Industries, which Forbes yesterday designated as America's largest private company — has been the left's favorite face of big-spending political action.