Economy & Business

"In a vicious cycle, the sector’s financing of oil and gas is having an impact on its bottom line."

"Billionaire former New York City mayor Michael Bloomberg announced Thursday that his foundation would fund the UN climate change agency after President Donald Trump withdrew the US from the Paris Agreement. Bloomberg’s pledge will cover the 22 percent of its $96.5 million budget previously provided by the US for 2024-2025."

"Automakers and even some Republicans may fight to preserve funds, and environmental activists will likely sue, but some experts said that some changes may not survive legal challenges."

"The man tapped by President Donald Trump to be second-in-command of the federal agency that protects the public from environmental dangers is a lawyer who has represented companies accused of harming people and the environment through pollution." "David Fotouhi, a lawyer who recently challenged a ban on asbestos, worked to roll back climate regulations and water protections while serving in the Environmental Protection Agency during Trump’s first administration."

"President Donald Trump ordered his administration to consider eliminating subsidies and other policies that favor electric vehicles, laying the groundwork for moves that risk slowing adoption of cleaner cars in the US."

"The Trump administration has ordered federal agencies to ​“immediately pause the disbursement of funds” under the landmark federal climate and energy laws passed during the Biden administration, a move that will throw tens of billions of dollars of lawfully designated federal funding into limbo — and one that is likely to be challenged in court."

"During his first day in office, U.S. President Donald Trump issued a flurry of executive orders that could bolster the fossil fuel industry amid mounting losses from the climate crisis."

"Donald Trump has said he will overturn a law that helps communities better weather the effects of climate change. If he follows through, he’ll be reversing an initiative that has disproportionately benefited areas that make up his base."

"House Republicans are eying a process called reconciliation to boost oil and gas drilling, and approve specific mining projects, which would only require a simple majority for passage."

"The president-elect has asked Elon Musk to wage war on regulations — some of which helped make Tesla the world’s most valuable automaker."