Economy & Business

"A boom of renewable-powered industries has found a home in northern Sweden, fueling the country’s ambitions of a fossil-free economy".

"The Biden administration is set to hold lease sales for new oil and gas drilling on public lands starting this week and, for the first time, it will implement new regulations for producers."

"A federal appeals court ruled that a federal land swap giving a Native American tribal holy site in Arizona to a private mining company so it could be the site of a copper mine would not violate the tribe’s religious freedoms."

"The soaring cost of the Trans Mountain pipeline expansion has pushed the uncompleted megaproject Ottawa bought to satisfy Alberta further into the red, says a report released Wednesday by the parliamentary budget officer."

"Banks that have signed up to a global climate pledge, led by Mark Carney, a former governor of the Bank of England, can still invest unlimited amounts in coal mining and coal power, despite promises to tighten the rules on their lending."

"Global regulators published a detailed checklist for banks on Wednesday to assess how climate change affects all aspects of their business, including pay and capital, as economies set carbon reduction targets."

"Russia’s invasion of Ukraine triggered global condemnation and tough sanctions aimed at denting Moscow’s war chest. Yet Russia’s revenues from fossil fuels, by far its biggest export, soared to records in the first 100 days of its war on Ukraine, driven by a windfall from oil sales amid surging prices, a new analysis shows."

"Democratic SEC Commissioners Allison Lee and Caroline Crenshaw are raising more questions about whether the agency’s climate disclosure proposal would do enough to elicit reliable greenhouse gas emissions data from companies."

"In a major move, the Biden administration will phase out the sale of single-use plastics across the country’s beloved national parks, wildlife refuges and other public lands, in a multiyear process that will culminate by 2032."