"The world’s richest nations must ensure their COVID-19 recovery plans are sustainable and help meet the goals of the Paris climate accord, according to leading global investor groups that together manage trillions of dollars in assets."
Economy & Business
"The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered oil companies to qualify for the aid after industry allies lobbied the Trump administration for changes."
"US fossil fuel companies have taken at least $50m in taxpayer money they probably won’t have to pay back, according to a review of coronavirus aid meant for struggling small businesses by the investigative research group Documented and the Guardian. A total of $28m is going to three coal mining companies, all with ties to Trump officials, bolstering a dying American industry and a fuel that scientists insist world leaders must shift away from to avoid the worst of the climate crisis."
The story of Smokey’s 420, mom-and-pop pot shop that’s taken a more environmental perspective. Plus, why the explosion in the infant business legal cannabis could be bad news for the environment, if left largely unregulated.
One industry seemingly unharmed by the coronavirus-related shutdown is legal cannabis. But the explosion in this infant business could be bad news for the environment, if left largely unregulated. A closer look at the issues. Plus, the story of Smokey’s 420, mom-and-pop pot shop that’s taken a more environmental perspective.
"Sen. Elizabeth Warren (D-Mass.) is urging the SEC to require public companies to discuss the impact and risk of climate change as the regulator considers overhauling its rules for management disclosures."
"The Trump administration is looking at offering two lines of credit to help the beleaguered oil and gas industry as it reels from historically low prices sparked by the global coronavirus pandemic."
"As the government struggles to keep businesses afloat through the pandemic, the Trump administration is sitting on about $43 billion in low-interest loans for clean energy projects, and critics are accusing the Energy Department of partisan opposition to disbursing the funds."
"Eight fossil fuel executives tapped for a White House task force advising President Donald Trump on how to reopen the U.S. economy amid the COVID-19 pandemic have donated millions to Trump and other Republican campaigns and political committees in recent years."
"Last Thursday, U.S. Secretary of State Mike Pompeo called on China to shut down wet markets where illegal wildlife are sold. Pompeo’s call was echoed by the Australian government, which on the same day urged G20 countries to take action on wildlife markets in order to reduce the risk of new diseases like COVID-19 spilling over into humans in the future. Lost in both statements was a recognition of the complexity of China’s wildlife trade or the scale of the challenge it now faces."