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Economy & Business

Beat Reporter Spotlights Costs of California's Environmental Reckoning

The fossil fuel industry’s outsized climate policy role in the U.S.’s most populous state is the core of award-winning coverage from investigative journalist Aaron Cantú for nonprofit newsroom Capital & Main. In the new Inside Story Q&A, Cantú shares some of what challenged him in his reporting, what surprised him most and a lesson learned.

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"Biden's Arctic Refuge Oil Lease Auction Ripe for Challenge"

"The Biden administration’s decision to include restrictions in the auction of oil drilling rights in part of Alaska’s Arctic National Wildlife Refuge is legally vulnerable as the state looks to the next administration to allow more oil development."

Source: Bloomberg Environment, 12/13/2024

Trump Names Price For Avoiding All Environment Regulations: $1 Billion

"President-elect Donald Trump said Tuesday he planned to expedite federal regulatory approvals, including all environmental permits, for any company or individual proposing to invest $1 billion or more in a construction project."

Source: HuffPost, 12/11/2024

"The Climate Risk to the Mortgage System"

"As sea levels rise and natural disasters become more intense, homes in low-lying coastal areas or tinder-dry mountains are starting to lose value. That’s a problem for the finances of Fannie Mae and Freddie Mac, the government-sponsored enterprises that back half of the nation’s outstanding mortgages — and keep the residential real estate market liquid by buying mortgages from banks and repackaging them into securities."

Source: NYTimes, 12/09/2024

Climate Risks Are Driving Up Insurance Premiums Around The US – Visualized

"Concern over the climate crisis may evaporate in the White House from January, but its financial costs are now starkly apparent to Americans in the form of soaring home insurance premiums – with those in the riskiest areas for floods, storms and wildfires suffering the steepest rises of all."

Source: Guardian, 12/06/2024

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