"In more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according to Bloomberg data. Now this enduring disparity favoring oil, gas and coal producers might finally be at an end."
Economy & Business
"The Biden administration’s efforts to provide $4 billion in debt relief to minority farmers is encountering stiff resistance from banks, which are complaining that the government initiative to pay off the loans of borrowers who have faced decades of financial discrimination will cut into their profits and hurt investors."
"U.S. climate envoy John Kerry said Tuesday that Washington is looking into the possibility of introducing a fee on imports from countries that don’t tax heavy polluters, but he cautioned that such a move could carry risks “downstream.”
"Visiting the Ford Motor Co. Rouge Electric Vehicle Center Tuesday, President Joe Biden presented an American auto industry at a crossroads, forced to choose between two options: Spend around $174 billion and speed ahead to dominate the burgeoning electric vehicle market, or cede the race to China."
"Officials on Vancouver Island say at least 100 trees have been illegally cut down, leaving one stump with a face carved into it".
Some of the money customers pay electric utilities goes to support lobbying that may not be in the public interest.
"In states like Kansas, energy companies want to impose charges on people who produce their own power with rooftop arrays".
"Newly released emails reveal that lawyers and lobbyists for mining companies, developers and the agriculture industry had a hand behind the scenes in shaping Arizona’s newly adopted law on clean-water rules for rivers and streams."
"As the East Coast suffered from the effects of a ransomware attack on a major petroleum pipeline, President Biden signed an executive order on Wednesday that placed strict new standards on the cybersecurity of any software sold to the federal government."
"Offshore wind offers President Biden one of his best opportunities to marry his climate and jobs agendas. It comes as his administration approved the nation's first major wind project off the East Coast."