Economy & Business

"Appalachia's fracking boom has failed to deliver on promises of jobs and benefits to local economies, according to a new study."

"The Biden administration is delaying a Trump administration rule that was expected to result in the oil and gas industry paying less money for drilling on public lands and waters."

"The world’s state-owned fossil fuel companies are poised to invest about $1.9tn (£1.4tn) in the next decade in projects that would destroy any prospect of meeting the Paris agreement climate goals."

"The U.S. International Trade Commission on Wednesday banned one of the world’s biggest electric vehicle battery manufacturers from selling its cells in the United States, striking  a blow to the Biden administration’s ambitious plan to electrify the nation’s auto fleet."

"General Motors is kicking off its big push for electric vehicles with a goofy, star-studded Super Bowl advertisement released ahead of Sunday’s championship game."

"Rich countries must step up with fresh financial commitments to help the developing world tackle the climate crisis, the UN’s climate chief has said."

"Newly confirmed Treasury Secretary Janet Yellen is giving climate change a prominent role in her talks with her counterparts around the world, signaling a significant shift by the Biden administration to prioritize addressing climate change not just from the White House but also at the agency."

"Toyota Motor Corp, Fiat Chrysler and other major automakers said on Tuesday they were joining General Motors in abandoning support for former President Donald Trump’s effort to bar California from setting its own zero emission vehicle rules."

"Both ExxonMobil and BP announced Tuesday that they had sustained major losses in 2020 amid low demand for oil due to the coronavirus pandemic."

"The Office of the Comptroller of the Currency (OCC) is shelving a controversial rule meant to prevent banks from rejecting corporate customers based solely on their industry."