Economy & Business

"President Joe Biden’s plan to eliminate subsidies claimed by oil and gas companies and raise levies on corporate polluters would increase government receipts by $35 billion over the coming decade. "

"US banks are pledging to help fight the climate crisis alongside the Biden administration, but their boards are dominated by people with climate-related conflicts of interest, and they continue to invest deeply in fossil fuel projects."

"Remember all of Donald Trump’s promises to put coal miners back to work? Turns out, his repeated attacks on the environment to try and bail out dirty fuels were all for naught. More coal-fired power was taken off the grid under Trump’s presidency than under former President Barack Obama’s second term, a new analysis from Global Energy Monitor shows."

"When Congress looked to prop up a tanking economy and stanch its hemorrhaging of employment as the pandemic spread last year, the oil industry was among those that sought relief. Now, a new analysis shows that dozens of fossil fuel companies received billions of dollars in tax benefits in the coronavirus relief package, but slashed tens of thousands of jobs anyway."

"The U.S. and the United Arab Emirates (UAE) said Monday that they would help finance decarbonization in the Middle East region and the global community at large."

"The Interior Department said Friday that it will create nearly 19,000 jobs through improvement projects in national parks, wildlife refuges and Bureau of Indian Education schools through funding allocated last year from a bipartisan conservation bill."

"Biden’s infrastructure proposal includes climate action that could benefit every Congressional district and lure Republican support."

"President Biden wants more than $170 billion to turn the nation from a laggard in the electric vehicle market into a leader. He’s challenging Congress to OK billions more in spending to persuade Americans to part with their gas-powered cars and take public transit, and even to electrify a chunk of the nation’s yellow school bus fleets."

"President Biden will unveil a $2 trillion, eight-year plan today that features efforts to speed up a transition to clean energy, including $100 billion to upgrade the U.S. electric grid and to give the Energy Department more clout in disputes over siting power lines."