Economy & Business

"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."

"A coalition of environmental groups filed a lawsuit Monday in Virginia that challenges Gov. Glenn Youngkin’s move to pull the state out of a regional carbon cap-and-trade initiative."

"Oil companies including Sunoco LP, Chevron Corp., and Exxon Mobil Corp. urged justices to dismiss a climate lawsuit they say falls outside of the scope of local law during oral arguments Thursday at the Hawaii Supreme Court."

"Facing a pivotal federal investigation into Louisiana’s relationship with petro-chemical companies, the state’s attorney general hired lawyers who were simultaneously representing one of the main corporations at the center of the investigation, documents reveal."

"President Joe Biden is asking Congress to approve $12 billion in emergency spending to replenish the nearly broke federal fund that helps communities and individuals recover after major disasters such as hurricanes and wildfires."