Economy & Business

"Rich Nations Must Make Pandemic Recovery Plans Green: Global Investors"

"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."

Source: Reuters, 05/05/2020

"Fed Changes Open Door for More Drillers to Get Loans"

"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."

Source: Bloomberg Environment, 05/04/2020

Fossil Firms Linked To Trump Get Millions In Virus Small Business Aid

"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."

Source: Guardian, 05/04/2020

Smokey’s 420 Gets the ‘Dirt’ on Pot Crop

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. 

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Why an Unregulated Pot Business May Be Bad for the Environment 

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.

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Billions in Clean Energy Loans Go Unused as Coronavirus Ravages Economy

"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."

Source: NYTimes, 05/01/2020

Oil Execs On Trump’s ‘Opening The Country’ Council Are Major GOP Donors

"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."

Source: HuffPost, 04/30/2020

"As Calls To Shutter Wildlife Markets Grow, China Struggles"

"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."

Source: Mongabay, 04/29/2020


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