Economy & Business

Punitive Damages Add To Costs For Pacificorp’s Role In 2020 Wildfires

"Two days after jurors in Multnomah County found that the utility PacifiCorp was to blame for wildfires in 2020, they ordered the company to pay punitive damages. That’s in addition to the more than $70 million already owed to the plaintiffs in the case."

Source: OPB, 06/28/2023

Fertilizer Giant Threw Fundraiser for Sponsor of FL ‘Radioactive Roads’ Bill

"Tampa-based Fortune 500 fertilizer company Mosaic last month hosted and paid nearly $25,000 for a fundraising event for the state lawmaker who sponsored the controversial “radioactive roads” bill recently approved by the Florida Legislature."

Source: Tampa Bay Times, 06/26/2023

"Russia, China Block Move For New Antarctic Marine Reserves"

"Members of a multinational group on Antarctic conservation failed to agree Friday on a roadmap for the creation of three new marine protected areas—a goal that has proven elusive for years."

Source: AFP, 06/26/2023

"Ford Gets $9.2 Billion to Help US Catch Up With China’s EV Dominance"

"A deep-pocketed US government program designed to finance futuristic energy businesses is issuing a conditional $9.2 billion loan to Ford Motor Co. for the construction of three battery factories." "It’s one of the biggest loans to a US carmaker in more than a decade – and a watershed moment in Biden’s $400 billion plan to go all in on green technologies."

Source: Bloomberg Green, 06/23/2023

Lenders Continue Pouring Money Into Meat and Dairy, Despite Climate Promises

"The world’s biggest development banks have agreed that they will funnel their financial support to businesses that promise to reduce greenhouse gas emissions. But a new analysis published Wednesday by animal and environmental advocacy groups says those banks have given billions to big livestock and grain companies expanding greenhouse gas-intensive agricultural systems."

Source: Inside Climate News, 06/22/2023

Tribal Activists Oppose Nevada Mine Key to Biden's Clean Energy Agenda

"Just 45 miles from the Fort McDermitt Indian Reservation where Daranda Hinkey and her family corral horses and cows, a centerpiece of President Joe Biden’s clean energy plan is taking shape: construction of one of the largest lithium mines in the world."

Source: AP, 06/21/2023

UN Adds New Disclosure Requirements for COP28 Corporate Fossil Lobbying

"Watchdog groups call the change a "baby step" toward reform, while UN chief Antonio Guterres says climate action must start with the fossil fuel industry, “the polluted heart of the climate crisis.”"

Source: Inside Climate News, 06/21/2023

"EPA Is Struggling to Keep Track of Water Grants, Watchdog Says"

"The EPA doesn’t seem to have a firm grip on a $162 million pot of money meant for water infrastructure grants, the agency’s inspector general said in a Tuesday memo to department officials.

The findings are the latest in a string of reports from the Environmental Protection Agency’s inspector general raising red flags about how the agency is doling out its grant money.

The EPA’s drinking water division admitted it “encountered challenges” in trying to provide a list of grants issued under the Water Infrastructure Improvements for the Nation Act, according to the memo."

Source: Bloomberg Environment, 06/21/2023

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