"The SEC has proposed rules that could reduce shareholder proposals for environmental, social and sustainable governance issues, while providing cover for corporations like Exxon Mobil."
Economy & Business
"A plan being weighed by Treasury Secretary Steven Mnuchin to steer financial aid to beleaguered oil drillers could set up a clash with Democrats who have warned against any bailout for the industry."
"The U.S. is edging closer to possible meat shortages with another major plant taken off line. About a quarter of American pork production and 10% of beef output has now been shuttered, according to the United Food & Commercial Workers, which estimates that 13 U.S. plants have seen closures."
"U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads while engulfed in the worst crisis the oil industry has faced."
"NextEra Energy Inc., the world’s largest utility owner by market value, says it’s poised to increase its dominance over other renewable power developers amid fallout from the coronavirus."
"The day Tom Steyer suspended his campaign for the Democratic presidential nomination, in late February, was the same day the first death from COVID-19 was reported in the United States."
"Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble."
"Lawmakers on the Senate Environment and Public Works (EPW) Committee have announced two pieces of draft legislation that together would invest $19.5 billion into the country’s water infrastructure."
"A coal mining company with ties to Scott Pruitt, and a handful of companies serving the oil and natural gas industry, are among the beneficiaries of a loan program Congress established to help small businesses get through the coronavirus pandemic."