Economy & Business

"Group of Seven (G7) rich countries backed moves to force banks and companies to disclose their exposure to climate-related risks on Saturday, a measure seen as vital to efforts to safeguard the financial system from climate change shocks.

G7 finance ministers meeting in London also called for more coordination to measure what impact companies are having on the climate and environment, warning of the risk of fragmentation as local jurisdictions adopt different approaches.

"Oil and gas giants are selling off their most-polluting operations to small private companies. Most manage to escape public scrutiny."

"Biden faces a critical decision about the Permian Basin and its methane emissions from oil and gas."

"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."

"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."

"Activist investors who dealt a stunning defeat to Exxon Mobil last week secured a third seat on the company’s board on Wednesday when the oil giant announced updated results of a shareholder vote."

"Behind closed doors, shipbuilders and miners can speak on behalf of governments while regulating an industry that pollutes as much as all of America’s coal plants."

"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."

"Lawmakers in roughly a dozen states are using strikingly similar talking points as they unleash a wave of legislation aimed at forbidding municipalities from banning natural gas in buildings."

"President Joe Biden is calling for $1.2 billion next fiscal year for the international Green Climate Fund, resurrecting climate and clean energy funding for developing nations cut off during the Trump administration."