Economy & Business

"John Kerry, the U.S. special envoy for climate change, on Friday described fossil fuel subsidies as the “definition of insanity,” denouncing measures taken by governments that artificially lower the price of coal, oil or gas."

"Talks on creating a global carbon market ran into new obstacles, highlighting how difficult it will be to break a six-year deadlock on an issue seen as a key benchmark of success for COP26."

"The rush is on, and CO2 could be the new gold. Or is it another scheme to appropriate tribal land and resources without addressing the root cause of climate change?"

"Talks at COP26 on international carbon markets are running into difficulties, as the U.S. lines up behind the European Union with objections to a key demand from developing countries, according to people familiar with the situation."

"The oil giant floated the idea for an enormous carbon capture and storage hub this week. It just needs some help footing the pricetag."

"Ahead of a key city council vote on a $28.5 million water pact with Google, the city of The Dalles filed suit in state court Friday in an effort to keep the tech giant’s water use a secret."

"Some of the world’s biggest financial institutions on Wednesday vowed to mobilize trillions of dollars to help shift the global economy toward cleaner energy as negotiators at the United Nations climate summit struggled with the question of how to pay for the enormous costs of climate change."