Economy & Business

"The Biden administration is moving toward a release of at least another 10 million to 15 million barrels of oil from the nation’s emergency stockpile in a bid to balance markets and keep gasoline prices from climbing further, according to people familiar with the matter."

"Twenty countries most vulnerable to climate change are considering halting their repayment of $685 billion in collective debt, loans that they say are an “injustice,” Mohamad Nasheed, the former president of the Maldives, said on Friday."

"Could the [Fort Meyers] region have been spared some of the damage with more aggressive planning and zoning? “Yes,” planners and resilience experts say. Sound land use planning builds stronger communities — physically, socially and politically. Yet Florida lawmakers effectively killed the state’s ability to check urban sprawl a decade ago with the passage of a reform measure called the 2011 Community Planning Act."

"When it comes to net-zero, a lot of companies are more talk than action. That’s the conclusion of a new report from Climate Action 100+, an investor alliance with combined assets of more than $68 trillion, which shows that promises by major corporate emitters to achieve net-zero targets are “not matched by the development and implementation of credible decarbonization strategies.”"

"Some cities around the world are pulling back from shorelines, as rising seas from climate change increase flooding. But so far, retreat appears out of the question for Atlantic City, New Jersey."

"A Hydro-Quebec subsidiary is buying a company that operates 13 hydropower generating stations in Vermont, New Hampshire and Massachusetts, strengthening its relationship with New England."

"World Bank President David Malpass defended the institution's commitment to tackling climate change on Tuesday, telling civil society groups that have criticized his leadership on the issue that the bank is focused on global warming."

"Up to £20bn of investment in renewable energy is under threat from Liz Truss’s plans to effectively ban solar farms on agricultural land in England, the industry has warned."

"Gov. Gavin Newsom said Friday he would call a special session of the Legislature to consider a windfall profit tax on oil companies in response to the “outrageous and unconscionable” price of gas in California."