Economy & Business

"Democrats Drop Demand To End Fossil Fuel Subsidies From Party Platform"

"Joe Biden and running mate Kamala Harris each ran on axing subsidies, but the party said including that in the final draft of the platform was an “error.”"

"The Democratic National Committee this week quietly dropped language calling for an end to fossil fuel subsidies and tax breaks from its party platform, HuffPost has learned.

Source: HuffPost, 08/19/2020

"Green Groups See Legal Flaws In Trump's Plan For Arctic Refuge Drilling"

"The Trump administration’s effort to open up drilling across more than a million acres in the Arctic National Wildlife Refuge (ANWR) faces significant legal hurdles, according to experts who are likely to assist in challenging the newly announced plan.

The Interior Department on Monday finalized plans to move ahead with a longstanding item on the GOP’s wishlist: allowing drilling in the Alaskan wilderness. The move could have dire consequences for polar bears, caribou, birds and other species that live in the coastal area in the northern part of ANWR.

Source: The Hill, 08/19/2020

"Trump Exiting Paris Accord Will Harm US Economy – LSE Research"

"Withdrawing from the Paris agreement does not make economic sense for the US, a group of economists has argued, as the cost of clean energy has fallen since the agreement was signed in 2015, while the risks of climate catastrophe have increased."

Source: Guardian, 08/14/2020

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