Economy & Business

Biden To Speak Again With GOP Sen. Capito Friday On Infrastructure

"President Joe Biden and Republican Senator Shelley Moore Capito had a “constructive and frank” discussion on Wednesday about revitalizing U.S. infrastructure and agreed to talk again on Friday, the White House said."

Source: Reuters, 06/03/2021

Biden Aims to End Arctic Drilling. A Trump-Era Law Could Foil His Plans

"President Biden may be forced to hold a new lease sale for oil drilling in the pristine Arctic National Wildlife Refuge, despite his vows to slash fossil fuel pollution and his action this week to suspend Arctic drilling leases that had been awarded in the final days of the Trump administration."

Source: NYTimes, 06/03/2021

G7 Nations Have Given $190 Billion to Fossil Fuel Industry Since 2020

"The world’s leading economies have made lots of commitments lately about reducing carbon emissions, but their actions tell a different story. A report released Tuesday finds that between January 2020 and March 2021, G7 governments pumped $190 billion into supporting coal, oil, and gas, with the U.S. taking the prize for the most money spent on dirty industries."

Source: Earther, 06/02/2021

Memorial Day Weekend Gas Prices At 7-Year High

"NEW YORK -- Gasoline prices are at a seven-year high, just in time for travelers to hit the road for Memorial Day.

A gallon of regular gas costs just under $3.05 on average across the United States, according to AAA. That's up from $2.89 a month ago and $1.97 a year ago.

But some Americans are feeling more pain at the pump than others.

California has by far America's highest gas prices -- $4.20 a gallon. Hawaii's the only other state in the same ballpark, with regular gas prices averaging $3.93 a gallon."

Source: CNN, 05/31/2021

"White House: Executive Order Ignites Action On Climate Finance"

"President Biden thrust his administration into a race to confront the economic risks of global warming by signing an executive order yesterday that brought the once niche issue of climate finance into the highest levels of government."

Source: E&E News, 05/24/2021

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