"Vanguard Group on Monday said it has urged companies to disclose how climate change could affect their business and asset valuations, reflecting how the environment has become a priority for the investment industry."
Economy & Business
"BEIJING—As the United States reverses its climate policies, the world's top greenhouse gas emitter is in the midst of setting up a national carbon-trading system."
The Trump administration has moved aggressively to roll back environmental and energy-related rules, so much so that keeping tabs on all the developments has become a major challenge. To help reporters get the lay of the land, this week's TipSheet has a roundup of more than a dozen regulatory tracking reports. Track the trackers.
"On Egypt's Mediterranean coast, August should be prime tourist season. But the seaside restaurants in Alexandria are almost empty. Worries over security are keeping a lot of foreign tourists away. But there's a much bigger worry looming: that hotter weather and a disappearing shoreline could make Egypt's prospects even worse."
"President Donald Trump’s America First rhetoric is doing no favors for U.S. ethanol producers, who are hoping to avoid a trade fight with fuel buyers in Brazil."
"The Trump administration has been systematically dismantling the nation's climate change regulations, often claiming a high cost of compliance as justification. But a new study says keeping those rules would actually save nearly $300 billion a year by 2030."
"President Donald Trump arrived in office having promised a bold $1 trillion infrastructure investment plan over 10 years for roads, bridges, airports and transit systems crumbling by the day across the United States. But nearly seven months later the administration has produced few details on the future of federal infrastructure funding, one reason why state and municipal governments have issued fewer bonds to improve roads, water systems and other projects so far in 2017."
"EPA staffers are spending their days addressing an industry wish list of changes to environmental law, according to Elizabeth Southerland, a former senior agency official who issued a scathing public farewell message when she ended her 30-year career there on Monday."
"The Environmental Protection Agency will reject a proposed overhaul of the U.S. biofuels program that would have shifted blending responsibility away from refining companies further down the fuel supply chain, three sources familiar with the matter told Reuters on Thursday."