Economy & Business

"Federal officials, showing how rapidly the Biden administration is overhauling climate policy after years of denial under former President Donald J. Trump, aim to free up as much as $10 billion at the Federal Emergency Management Agency to protect against climate disasters before they strike."

"The Federal Reserve announced yesterday the creation of a first-of-its-kind committee — chaired by a senior-level official — to deepen the central bank's understanding of the risks that climate change poses to the financial system."

"The United States will “make good” on financial commitments to developing countries struggling with climate change, top U.S. climate envoy John Kerry told a summit of world leaders on Monday."

"DuPont de Nemours Inc. and Chemours Co. agreed to a $4 billion settlement of a dispute over environmental liabilities shifted to Chemours after it was spun off in 2015. The accord, which also includes DuPont’s former seed business Corteva Inc., covers payments for liabilities tied to a class of chemicals known as PFAS, the companies said in a statement on Friday."

"President Joe Biden‘s most potent weapon for making climate change a priority for companies and federal officials may already be in his arsenal as chief executive: the country’s roughly $600 billion annual procurement budget."

"The Alaska state agency that submitted most of the bids in a lightly attended auction for drilling rights in the Arctic Nationa"l Wildlife Refuge expects to have those leases in hand by next week, the organization’s executive director said on Wednesday."

"A top federal banking regulator today finalized new standards against pledges by major banks to halt investment in the fossil fuel industry."

"President-elect Joe Biden has unveiled a $1.9 trillion coronavirus plan to end “a crisis of deep human suffering” by speeding up vaccines and pumping out financial help to those struggling with the pandemic’s prolonged economic fallout."