Economy & Business

"In Virginia, the planet's largest proposed data center threatens local ecosystems"

"Thanks to $500 million in funding from the Environmental Protection Agency, a new initiative called the Green Bank for Rural America could help channel money to nonprofit lenders like the Mountain Association to support community solar arrays, apprenticeships in renewable energy fields, electrified public transit, and other projects."

"Trillions of dollars of bank finance to fossil fuel companies is being routed via opaque financial centres in several countries, including the Netherlands, research published on Wednesday showed."

"A two-year long drought in the semi-desert municipality of Colón, in the central Mexican state of Querétaro, has left many struggling with dead crops and water rationing. But at the same time, the local government in Querétaro is giving incentives to companies to build data centres that generally use large amounts of water to cool their servers."

"Jane Williams read the announcement with dismay. A Pennsylvania company was getting tens of millions of dollars in federal loan guarantees to turn plastic waste into a fuel for steelmaking, claiming the climate would benefit."

"President Joe Biden’s landmark climate law could help the fossil fuel industry pump more oil out of existing wells."

"Donald Trump pledged Thursday to rescind any “unspent” funds under the Inflation Reduction Act should he be elected in November — potentially upending key parts of the Democrats’ climate law and its benefits to Republican-led communities."

"The Wyoming venture’s collapse raises questions about the fledgling direct air capture industry — and the Biden administration’s support of it."

"A liberal business group sued Texas officials this week in a major challenge to a 2021 law that bars state entities from doing business with investment firms that the state comptroller says are boycotting energy companies."

"An internal watchdog criticized the Environmental Protection Agency’s (EPA) top air official for participating in the development of a rule that regulates an industry in which he reportedly had financial holdings."