"President Biden thrust his administration into a race to confront the economic risks of global warming by signing an executive order yesterday that brought the once niche issue of climate finance into the highest levels of government."
"A group of insurgent investors backed by the three largest pension funds in America is trying to force ExxonMobil to take climate change much more seriously — not just for the sake of the company’s viability but also for the sake of the planet."
"President Biden is holding firm on energy and climate provisions in the White House infrastructure proposal but has expressed a willingness to cut some research and development funds, according to a memo to Senate Environment Committee ranking member Shelley Moore Capito (R-W.Va.) obtained by The Hill."
"The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets."
"Texas' electricity leaders were deeply focused on natural gas shortages days before blackouts crippled the state in February and plunged the state's power industry into chaos, according to documents obtained by E&E News."
"The Biden administration is taking the first step necessary to instate an energy efficiency standard for light bulbs, a move that’s expected to undermine incandescent bulbs in favor of LEDs."
"Negotiations between the White House and Senate Republicans over President Joe Biden’s $2.3 trillion infrastructure plan are hitting a crucial stage ahead of talks Friday after the latest GOP offer left some dismay in the administration that there wasn’t more movement off the Republicans’ initial $568 billion proposal."
"Replacing gasoline cars with electric vehicles is a pillar of President Biden's strategy for tackling climate change. But even if the administration sets a deadline to sunset sales of gas-powered passenger vehicles, the export of used cars abroad could stall the global reductions needed to stave off catastrophic warming."
"In more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according to Bloomberg data. Now this enduring disparity favoring oil, gas and coal producers might finally be at an end."
"Nations around the world would need to immediately stop approving new coal-fired power plants and new oil and gas fields and quickly phase out gasoline-powered vehicles if they want to avert the most catastrophic effects of climate change, the world’s leading energy agency said Tuesday."
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