Economy & Business

"Even as juries decide against a herbicide maker, proposed industry-backed measures would limit lawsuits and local use restrictions".

"Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States."

"China has become the world’s biggest importer of beef, and Brazil is China’s biggest supplier, according to United Nations Comtrade data. More beef moves from Brazil to China than between any other two countries. But the Brazilian cattle industry is a major driver of the destruction of the Amazon rainforest."

"The UN Environment Programme (Unep) report estimated that between $215bn and $387bn a year is needed for climate adaptation in poor and vulnerable countries alone this decade. However, funding fell by 15% – to just $21bn – in 2021, the report said."

"Senate Majority Leader Chuck Schumer (D-N.Y.) and 22 other Democratic senators sent a letter to Federal Trade Commission (FTC) Chair Lina Khan on Wednesday demanding an investigation of two major proposed oil industry mergers and warning that the consolidations could hurt consumers."

"Insurers are already pulling back from California, Florida and Louisiana. Senate Democrats are trying to find out which states could be next."

"Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry."

"Louisiana has increased fines for inactive oil and gas wells in an effort to reduce the number of polluting and dangerous wells that are eventually abandoned and made the responsibility of the state."