Economy & Business

"The Fight For The Soul – And The Future – Of Exxonmobil"

"A group of insurgent investors backed by the three largest pension funds in America is trying to force ExxonMobil to take climate change much more seriously — not just for the sake of the company’s viability but also for the sake of the planet."

Source: Washington Post, 05/24/2021

"In Climate Push, G7 Agrees To Stop International Funding For Coal"

"The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets."

Source: Reuters, 05/24/2021

"Electricity: Documents Reveal Natural Gas Chaos In Texas Blackouts"

"Texas' electricity leaders were deeply focused on natural gas shortages days before blackouts crippled the state in February and plunged the state's power industry into chaos, according to documents obtained by E&E News."

Source: E&E News, 05/21/2021

"Biden Orders U.S. Agencies To Assess, Mitigate Risks Of Climate Change"

"President Joe Biden on Thursday directed federal agencies to assess and mitigate the increasing and serious risks that climate change poses to individuals, businesses, the federal government and the U.S. financial system, the White House said."

Source: Reuters, 05/21/2021

"'Free-For-All' Used Car Export Threatens Climate Goals"

"Replacing gasoline cars with electric vehicles is a pillar of President Biden's strategy for tackling climate change. But even if the administration sets a deadline to sunset sales of gas-powered passenger vehicles, the export of used cars abroad could stall the global reductions needed to stave off catastrophic warming."

Source: E&E News, 05/20/2021

"Banks Always Backed Fossil Fuel Over Green Projects — Until This Year"

"In more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according to Bloomberg data. Now this enduring disparity favoring oil, gas and coal producers might finally be at an end."

Source: Bloomberg Green, 05/20/2021

"Banks Fight $4 Billion Debt Relief Plan for Black Farmers"

"The Biden administration’s efforts to provide $4 billion in debt relief to minority farmers is encountering stiff resistance from banks, which are complaining that the government initiative to pay off the loans of borrowers who have faced decades of financial discrimination will cut into their profits and hurt investors."

Source: NYTimes, 05/19/2021

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