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Photo: Justin Sullivan/Getty Images

There's fresh evidence that powerful industries are slowly shifting on climate change to keep up with the times and protect their interests.

Driving the news: The Natural Gas Supply Association on Tuesday said it backs carbon pricing — a message partly aimed at states crafting emissions-cutting plans.

  • CEO Dena Wiggins predicted they'll have company. "We believe we are the first national natural gas trade association to support paying a price on carbon, but we are likely not going to be the last," she told reporters.

Why it matters: It's the latest sign of powerful industries and groups starting to alter their posture.

  • Exxon, Chevron, BP and subsidiaries of Equinor, Shell and Total are all members, alongside independent players like EQT Corp., and Cabot.
  • A number of oil majors — including Shell, BP and others — already support pricing.

Where it stands: NGSA doesn't have plans to lobby Congress on the matter, Wiggins said.

  • The group released a set of broadly worded "principles." They don't signal a preference for taxes versus emissions-trading.
  • NGSA favors a national program, but says that as states move forward, they should price carbon in power markets and work together.

How it works: The group's principles for states argue that pricing should replace emissions regulations.

  • That's consistent with what several oil-and-gas giants want in return for a national carbon tax plan, via their membership in the Climate Leadership Council.
  • Tuesday's outline opposes "subsidies" and policies that "distort" markets — likely a reference to NGSA's ongoing fight against state subsidies for nuclear plants.

The big picture: A carbon price, depending on where it's set, could help the fuel shove coal aside even faster, though Wiggins said their position is not about members' bottom lines.

Go deeper: Once a critic, Chamber of Commerce now backs Paris Climate Agreement

Go deeper

Biden plans to ask public to wear masks for first 100 days in office

Joe Biden. Photo: Mark Makela/Gettu Images

President-elect Joe Biden and Vice President-elect Kamala Harris sat down with CNN on Thursday for their first joint interview since the election.

The big picture: In the hour-long segment, the twosome laid out plans for responding to the pandemic, jump-starting the economy and managing the transition of power, among other priorities.

The quick FCC fix that would get more students online

Illustration: Sarah Grillo/Axios

As the pandemic forces students out of school, broadband deployment programs aren't going to move fast enough to help families in immediate need of better internet access. But Democrats at the Federal Communications Commission say the incoming Biden administration could put a dent in that digital divide with one fast policy change.

State of play: An existing FCC program known as E-rate provides up to $4 billion for broadband at schools, but Republican FCC chairman Ajit Pai has resisted modifying the program during the pandemic to provide help connecting students at home.

Dion Rabouin, author of Markets
1 hour ago - Politics & Policy

America's hidden depression

Biden introduces his pick for Treasury secretary, Janet Yellen, on Dec. 1. Photo: Alex Wong/Getty Images

President-elect Biden faces a fragile recovery that could easily fall apart, as the economy remains in worse shape than most people think.

Why it matters: There is a recovery happening. But it's helping some people immensely and others not at all. And it's that second part that poses a massive risk to the Biden-Harris administration's chance of success.