"Conservatives have long argued against regulating fossil fuel production for the climate’s sake, claiming that doing so would interfere with the holy free market. A new study shows that’s a total fairy tale because the invisible hand isn’t responsible for dirty fuels’ market dominance—implicit government subsidies are. The findings show those subsidies total in the billions each year."
"President Biden’s next big thing would fuse the rebuilding of America’s creaky infrastructure with record spending to fight climate change, a combination that, in scale and scope, represents a huge political shift, even for Democrats who have been in the climate trenches for decades."
"President Biden’s economic advisers are pulling together a sweeping $3 trillion package to boost the economy, reduce carbon emissions and narrow economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich."
Obama focused his agenda on greenhouse gas regulations, with some investments on the side. President Biden has promised to unveil pollution rules as well — but the heart of his climate plan is a multitrillion-dollar infrastructure package that's taking shape now."
"The coal giant can walk away from 30 permits and must try to sell about 170 others. Community activists fear environmental hazards from the abandoned mines."
"The Senate leader is objecting to a plan that would raise costs for some of his constituents by bringing flood insurance rates in line with climate risks."
"A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody’s and Fitch - could see their credit ratings cut because of climate change by 2030."
"The last standing member of Texas’s Public Utility Commission handed in his resignation on Tuesday following a report that he assured out-of-state investors who made big profits from last month’s blackouts that he was working to make sure they could keep their money."
"The Commodity Futures Trading Commission aims to create a new Climate Risk Unit, joining initiatives at Treasury, the Securities and Exchange Commission, and the Federal Reserve".
"The Securities and Exchange Commission (SEC) will seek public comment on whether to require companies to make more extensive disclosures to investors about climate-related risks, acting Chairwoman Allison Herren Lee said Monday."
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