Economy & Business

"Southern Co. yesterday announced another delay for its long-troubled nuclear construction project in Georgia, edging its costs closer to the $30 billion mark."

"Extreme weather affected more than 14.5 million homes in the United States last year, causing an estimated $56.92 billion in property damage, according to a report released this morning by CoreLogic, a property information and analytics provider."

"For years, they tried to convince universities that investing in fossil fuels was immoral. Now they’re telling them it’s illegal."

"Clean energy goals and resilience to extreme weather should spur the next wave of power grid upgrades, federal energy officials and state utility commissioners broadly agreed Wednesday during a meeting in Washington."

"The world is spending at least $1.8tn (£1.3tn) every year on subsidies driving the annihilation of wildlife and a rise in global heating, according to a new study, prompting warnings that humanity is financing its own extinction."

"A new report finds that climate-friendly financial institutions have been funding fossil fuel projects to the tune of $38 billion."

"Republicans today blocked the nomination of Sarah Bloom Raskin and several other Federal Reserve nominees, creating confirmation chaos for the pro-climate bank regulator pick in what Democrats labeled a “smear campaign.”"

"The spread of misinformation about solar and wind energy is leading some states and counties to restrict or even reject projects. The Energy Department calls it a key threat to decarbonizing the grid."

"The influential rightwing lobby group the American Legislative Exchange Council (Alec) is driving a surge in new state laws to block boycotts of the oil industry. The group’s strategy, which aims to protect large oil firms and other conservative-friendly industries, is modelled on legislation to punish divestment from Israel."

"Powerful economic currents are already pushing electric utilities toward clean energy even if the U.S. Supreme Court hands down a ruling that limits the EPA’s ability to regulate greenhouse gases, National Climate Adviser Gina McCarthy said Thursday."