Economy & Business

House Dems Unveil Ambitious Climate Package, Aim For Net-Zero By 2050

"The nation’s automakers would manufacture only electric cars. Utilities would have to stop producing pollution linked to climate change. And the federal government would double its investment in mass transit. All this and more was proposed by House Democrats on Tuesday under a plan aimed at bringing the U.S. economy’s greenhouse gas emissions — including carbon dioxide and methane — to zero by 2050."

Source: Washington Post, 07/01/2020

"US To Join Summit On Global Green Recovery From Covid-19 Crisis"

"The US is to join with other major powers including China, India and the EU in formulating plans for a global green recovery from the coronavirus crisis, in the only major international summit on the climate emergency this year."

Source: Guardian, 06/30/2020

"White House Threatens Veto On Dems' $1.5 Trillion Infrastructure Plan"

"President Trump threatened to veto House Democrats' $1.5 trillion green infrastructure plan on Monday, arguing it should eliminate or reduce environmental reviews and doesn't route enough money to rural America."

Source: The Hill, 06/30/2020

"Chesapeake Energy, Fracking Pioneer, Files For Bankruptcy Owing $9bn"

"Chesapeake Energy, the shale gas drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection." "The Oklahoma City-based company helped turn the US into a global energy powerhouse but ran up huge debts in the process".

 

Source: Guardian, 06/29/2020

Post-COVID-19 City Design May Transform Built Environment

In the aftermath of the pandemic, the so-called built environment is likely to get a thorough reexamination, whether it’s to reconsider commuting, shopping, recreation, eating out or taking in sporting events. Our latest Issue Backgrounder looks at the top ways coronavirus will force us to rethink our cities and how we live in and travel through them.

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