"In early August, just as protesters from across the country descended on North Dakota to rally against an oil pipeline near the Standing Rock Sioux Reservation, some of the world’s biggest banks signed off on a $2.5 billion loan to help complete the sprawling project. Now, those banks — which include Citigroup and Wells Fargo of the United States, TD Bank of Canada and Mizuho of Japan — have come under fire for their role in bankrolling the pipeline."
Economy & Business
"When the remnants of Hurricane Matthew threatened the coastal lowlands of South Carolina, 335,000 people fled for higher ground. Marquetta Goodwine stayed put."
"Rep. Dan Kildee has asked Congressional leaders to launch an investigation into a pharmaceutical company accused of raising prices of its lead treatment drug in the wake of Flint's lead water crisis receiving international attention."
"The Tesla chief executive, Elon Musk, has unveiled new energy products aimed at illustrating the benefits of combining his firm, which makes electric cars and batteries, with solar installer SolarCity."
"Native American protesters are preparing to take a 'last stand' against the Dakota Access pipeline after police raided their camps and arrested hundreds, paving the way for construction of the final stretch of the controversial oil project."
"As oil and gas companies work their way through the worst slump in their industry in more than two decades, General Electric is making a huge move to bolster its own business that serves those companies."
"Hillary Clinton and Donald Trump both have proposals to rebuild the nation's infrastructure. Meanwhile, ballots in some 400 local communities feature public transit and infrastructure projects."
"Exxon Mobil, in a concession to market and regulatory pressures, said Friday that it might be forced to write down the value of some of its oil and gas assets in Canada and elsewhere if energy prices remain low through the end of the year."
"Florida’s biggest electric utility companies are backing a proposed constitutional amendment that, the campaign says, 'promotes solar in the Sunshine State.' Not so: If Florida voters approve the ballot measure, it could pave the way for utilities to raise fees on solar customers and cast a heavy cloud over the future of rooftop solar energy in Florida."
"Donald Trump’s close financial ties to Energy Transfer Partners, operators of the controversial Dakota Access oil pipeline, have been laid bare, with the presidential candidate invested in the company and receiving more than $100,000 in campaign contributions from its chief executive."