Economy & Business

"Global subsidies for fossil fuels reached $7 trillion in 2022, an all-time high, according to the International Monetary Fund."

"Climate activists caused a miles-long traffic jam when they blocked the only road leading into the Burning Man festival in the Nevada desert.

Videos posted online show activists using a trailer to block the road that leads into Black Rock City. One video posted to X, the social media platform formerly known as Twitter, shows a white pickup truck appearing to be from the Pyramid Lake Ranger Station crashing through the barricade set up by protesters.

"A company established by a Dubai sheikh is finalizing agreements with African nations to manage vast tracts of their forests and sell the carbon credits. Critics are concerned the deals will not benefit Africans and will just help foreign governments perpetuate high emissions."

"The company’s researchers predict that an expanding population and worldwide economy will drive up energy demand for fossil fuels."

"Exxon Mobil projected that greenhouse-gas emissions and the efforts to keep the planet’s temperature from rising beyond an increase of 2 degrees Celsius by 2050 is destined to fail in a report released by the oil giant on Monday.

"The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies."

"Overuse is draining and damaging aquifers nationwide, a New York Times data investigation revealed."

"All across the country, downtowns, office spaces and shopping centers are at risk of becoming ground zero for a new economic hazard: the urban doom loop. The fear is that a commercial real estate apocalypse could spiral out and slow commerce, wrecking local tax revenue in the process."

"After agreeing in 2009 to phase out dirty energy subsidies, G20 nations pumped $1.4 trillion into supporting fossil fuel use in 2022 - money that should be redeployed to support a shift into renewables, analysts say".

"The largest natural gas-producing counties in Appalachia have had worse economic outcomes than the rest of the region and the nation since the start of the region’s fracking boom, according to a new report."