Economy & Business

"President Joe Biden is exploring the idea of a border adjustment tax that would slap a levy on imports from countries with weaker climate policies, John Kerry, the White House’s special envoy for climate said Friday."

"At a hearing on Thursday, 17-year-old Swedish climate activist Greta Thunberg offered [Biden] some advice on a way to do so: ending all subsidies to the dirty energy sector."

"The White House on Wednesday announced an effort to provide immediate support to farmers, tribes and communities suffering from worsening drought conditions in the Western United States."

"From weatherization funds to electric vehicles, the White House made compromises to enlist a broad coalition that includes labor and communities of color".

"The Biden administration on Monday freed up roughly $8 billion in disaster relief funding for Puerto Rico and lifted restrictions that curtailed how it could spend such funds in the aftermath of Hurricane Maria in 2017."

"Rep. Thomas Suozzi (D-N.Y.) says he will oppose President Biden’s infrastructure package if a cap on state and local tax deductions is not erased. “No SALT, no deal,” he said in an interview."

"With the annual proxy season about to kick off, corporate executives are encountering increasing investor scrutiny about their environmental policies. But rather than support green initiatives or even compromise with shareholders, some of the world’s biggest companies instead plan to crush efforts to slow the climate catastrophe."

"A coalition of U.S. manufacturers and environmental organizations is calling on the federal government to quickly phase out the worst climate super-polluting chemicals currently used in air conditioners, refrigerators and other appliances, as well as in aerosols and foam insulation."