Economy & Business

Memorial Day Weekend Gas Prices At 7-Year High

"NEW YORK -- Gasoline prices are at a seven-year high, just in time for travelers to hit the road for Memorial Day.

A gallon of regular gas costs just under $3.05 on average across the United States, according to AAA. That's up from $2.89 a month ago and $1.97 a year ago.

But some Americans are feeling more pain at the pump than others.

California has by far America's highest gas prices -- $4.20 a gallon. Hawaii's the only other state in the same ballpark, with regular gas prices averaging $3.93 a gallon."

Source: CNN, 05/31/2021

"White House: Executive Order Ignites Action On Climate Finance"

"President Biden thrust his administration into a race to confront the economic risks of global warming by signing an executive order yesterday that brought the once niche issue of climate finance into the highest levels of government."

Source: E&E News, 05/24/2021

"The Fight For The Soul – And The Future – Of Exxonmobil"

"A group of insurgent investors backed by the three largest pension funds in America is trying to force ExxonMobil to take climate change much more seriously — not just for the sake of the company’s viability but also for the sake of the planet."

Source: Washington Post, 05/24/2021

"In Climate Push, G7 Agrees To Stop International Funding For Coal"

"The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets."

Source: Reuters, 05/24/2021

"Electricity: Documents Reveal Natural Gas Chaos In Texas Blackouts"

"Texas' electricity leaders were deeply focused on natural gas shortages days before blackouts crippled the state in February and plunged the state's power industry into chaos, according to documents obtained by E&E News."

Source: E&E News, 05/21/2021

"Biden Orders U.S. Agencies To Assess, Mitigate Risks Of Climate Change"

"President Joe Biden on Thursday directed federal agencies to assess and mitigate the increasing and serious risks that climate change poses to individuals, businesses, the federal government and the U.S. financial system, the White House said."

Source: Reuters, 05/21/2021

"'Free-For-All' Used Car Export Threatens Climate Goals"

"Replacing gasoline cars with electric vehicles is a pillar of President Biden's strategy for tackling climate change. But even if the administration sets a deadline to sunset sales of gas-powered passenger vehicles, the export of used cars abroad could stall the global reductions needed to stave off catastrophic warming."

Source: E&E News, 05/20/2021


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