Economy & Business

"The UK is alone among G7 nations in dramatically increasing its fossil fuel subsidies, despite an earlier pledge to phase them out, a new report has found."

"Presidential hopeful Hillary Clinton outlined a $30 billion plan Thursday to help parts of the country recover from the decline of the coal industry."

"LONDON - The G20 group of major economies spend $452 billion per year supporting fossil fuel industries, despite their primary role in causing climate change, according to a study released on Thursday."

"Arch Coal, the nation's second largest coal company, this week told the Securities and  Exchange Commission that it may join other coal companies in filing for bankruptcy. The company said it may have to seek Chapter 11 relief because of 'extremely challenging current market conditions.'  The company, which is burdened by $5 billion in debt, said it did not see an upturn in sight."

"Greenhouse gas emissions per capita are falling in 11 of the Group of 20 major economies, a turning point for tackling climate change, a study showed on Tuesday."

"It's been more than a year since Boston Common Asset Management published a report on the financial sector's response to the climate change crisis. While it may not seem readily apparent how an industry with relatively low emissions from its own operations could be at risk, such a perspective fails to take into account the importance of Scope 3 emissions; specifically, in the case of banks, the emissions from their lending and underwriting portfolios."

"Peabody Energy, the world’s biggest private coal company, has agreed to make more robust disclosures to its investors about the financial risks it faces from future government policies and regulations related to climate change and other environmental issues that could reduce demand for its product."

"President Obama announced on Friday that he had rejected the request from a Canadian company to build the Keystone XL oil pipeline, ending a seven-year review that had become a symbol of the debate over his climate policies."

"Details of the Trans-Pacific Partnership (TPP) deal were released Thursday, potentially setting off another round of debate on the controversial agreement involving one dozen nations."

"The text of the controversial Trans Pacific Partnership trade deal has been released by the New Zealand Government, setting the scene for revived protests and political debate."