Economy & Business

"The plan to stop companies from fudging their climate goals is fundamentally flawed."

"A new group aims to spend up to $10 million to sway Congress to loosen federal rules for both fossil fuel projects and green power. A major element: putting "the right pressure" on vulnerable Senate Democrats."

"Six fossil fuel companies funneled more than $700m in research funding to 27 universities in the US from 2010 to 2020, according to a new study. Such funding at universities that conduct climate research can shift not just research agendas, but also policy in the direction of climate solutions the industry prefers, the report’s authors argue."

"The US Senate passed a measure to block the US Labor Department from enforcing its new ESG retirement investing rule, guaranteeing a showdown with the White House on a resolution the Biden administration has pledged to veto."

"Gov. Wes Moore’s nominee to the Maryland Public Service Commission withdrew from consideration on Tuesday, after environmentalists criticized the appointment of someone who was an official in the fossil fuel industry."

"Drive traffic-clogged Interstate 10 through Phoenix's West Valley suburbs and you'd hardly know the Southwest is as dry as it's been in 1,200 years. Water gulping data centers, large warehouses and distribution centers have sprouted in the barren desert. Housing development after housing development is slated for construction."

"It’s been a widely accepted trend in financial circles for nearly two decades. But suddenly, Republicans have launched an assault on a philosophy that says that companies should be concerned with not just profits but also how their businesses affect the environment and society."

"Critics are describing the Biden administration’s opening position in a United Nations effort to reach a global treaty or agreement to end plastic waste as vague and weak, despite its recognition of a need to end plastic pollution by 2040."

"The White House is touting Banga’s experience with financial inclusion and climate change".

"The Biden administration on Thursday nominated Ajay Banga, a former Mastercard executive who is now vice chairman at the private equity firm General Atlantic, to be the next president of the World Bank.

Banga is still subject to a months-long confirmation process before the bank’s board reaches a final decision. As the bank’s largest shareholder, the United States has typically chosen its leader, although other countries could still put forward nominations of their own.