Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Mark Gallogly (right) sits with former Treasury Secretary Timothy Geithner at the White House in November 2009. Photo: Alex Wong/Getty Images

Mark Gallogly, a private-equity titan who's been working for John Kerry to line up private-sector financing to combat climate change and serve as a liaison to the business community, is leaving the administration, Axios has learned.

The big picture: Gallogly is departing almost as quietly as he joined, with one difference: Kerry, President Biden's special envoy for climate, is publicly acknowledging his role — and his contributions.

  • “When I was appointed to this role, Mark was among the first people I called on to join the effort,” Kerry said in a statement to Axios.
  • “In recent months, he’s brought his considerable private-sector experience, financial acumen and climate activism to bear in facilitating productive conversations with the financial institutions and companies that will be key to implementing the ambitious climate solutions we need.”
  • Gallogly retired in 2020 from Centerbridge Partners, a private-equity firm he co-founded after 16 years at Blackstone. He never was expected to stay at the State Department long-term. His last day was Wednesday.

Why it matters: Gallogly’s departure is a sign Kerry's international climate office is past its startup phase and has established crucial inroads with Wall Street, ahead of the United Nations Climate Change Conference in Glasgow in November.

  • Gallogly's arrival at State, first reported by Axios in March, caused consternation among progressives, who questioned why Kerry — a former secretary of State and senator — was working with someone with a background in private equity.
  • But Kerry has made it clear he thinks private-sector financing is vital to reducing carbon emissions by funding clean technologies.
  • In April, the White House touted pledges from JPMorgan Chase and Citigroup to steer trillions of dollars into sustainability efforts.

Go deeper: As the White House works to get its infrastructure proposals through Congress, it's highlighting the green-energy provisions in the $579 billion bipartisan deal.

  • It's also telegraphing that the president has much more planned for climate.
  • The White House plans to use the filibuster-proof budget reconciliation process to mandate that power companies adopt a “clean-energy standard,” Axios reported Tuesday.

Go deeper

Dissecting Google's climate denial crackdown

Google's new policy of demonetizing climate denial content marks a significant step in its efforts to rein in climate misinformation.

Why it matters: Videos promoting clear falsehoods about the existence of global warming or its causes have long found a home on YouTube, which Google owns.

Oct 7, 2021 - Technology

Google, YouTube to prohibit ads and monetization on climate denial content

Photo by Olly Curtis/Future via Getty Images

Google and YouTube on Thursday announced a new policy that prohibits climate deniers from being able to monetize their content on its platforms via ads or creator payments.

Why it matters: It's one of the most aggressive measures any major tech platform has taken to combat climate change misinformation.

Federal agencies reveal climate challenges

Illustration: Aïda Amer/Axios

Federal agencies are out with the first iteration of new climate adaptation and resilience plans under the Biden administration.

Catch up fast: The reports released by the White House Thursday come in response to an executive order issued by President Biden on Jan. 28.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!