Economy & Business

"As World Bank shareholders gather in Washington for their annual spring meeting on Monday, the global institution appears to be on the brink of significant change."

"More than six months after Hurricane Ian slammed Southwest Florida, crippling or destroying homes, thousands of residents trying to make repairs have been delayed by extreme insurance-claim problems."

"Mexico has found unexpected allies as it tries to limit imports of genetically modified (GM) corn: some U.S. farmers who grow the crops."

"The White House said on Tuesday it was funneling hundreds of millions of dollars to help coal communities, including $450 million for clean energy projects on current and former mining areas."

"Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year. Shares in Asia were mixed."

"The Biden administration cleared the way Friday for California’s plan to phase out a wide range of diesel-powered trucks, part of the state’s efforts to drastically cut planet-warming emissions and improve air quality in heavy-traffic areas like ports along the coast."

"The Biden administration hopes its guidelines for up to $7,500 in tax credits will encourage automakers to reduce their reliance on China for batteries and raw materials."

"Coal industry influence and climate change denial paved the state’s race to the clean energy bottom. As one lawmaker put it: “God created coal for people.”"

"The Cordillera Azul National Park on the eastern flank of the Peruvian Andes takes in a sweep of Amazon rainforest, mountains and waterfalls in a territory about the size of Connecticut, so precious that tens of millions of dollars in carbon credits have been sold in a program that supporters said would protect its trees."