Economy & Business

"The bust amplified conservationists’ calls to turn away from oil production in the state, where 95 percent of acres leased for oil development are nonproducing."

"Seven major automakers on Wednesday announced plans to nearly double the nation’s network of high-powered electric vehicle chargers, an effort to address a key consumer reservation about EVs — that they may not have a place to power up on the road."

"Canada on Monday released a framework for eliminating inefficient fossil fuel subsidies, making it the first G20 country to deliver on a 2009 commitment to rationalise and phase out government support for the sector."

"With a Canadian company preparing a bid to mine the Pacific Ocean for minerals needed for electric vehicle batteries, an international oversight agency is meeting in Jamaica this month to come up with permitting rules."

The Interior Department proposed a rule that would significantly increase how much energy companies must pay to lease and drill on federal lands. It would also give the Bureau of Land Management greater authority to keep fossil fuel development away from sensitive ecosystems and cultural sites.

"Long lead times for distribution transformers have emerged in recent months as a bottleneck that threatens progress toward meeting climate goals and upgrading the country’s power grid, industry leaders and energy officials said."

"House Republicans would take a budgetary buzzsaw to energy and environmental agencies the Biden administration and Democrats had buttressed after years of stagnant funding."

"EPA has found that a dangerous chemical prevalent in drinking water poses more risks than previously determined, including outsize cancer threats."

"Some of the largest manufacturers of heavy trucks and engines in the country have agreed to accept a California plan to ban sales of new diesel big rigs by 2036 under a deal aimed in part at thwarting potential litigation and maintaining a single national standard for truck pollution rules."

"Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what’s needed to curb warming to agreed temperature limits."