Economy & Business

"The Office of the Comptroller of the Currency (OCC) on Thursday proposed the first-ever federal climate guidance for banks."

"If you’re in the market for an oil pipeline, you’re in luck—we’ve got a lot of extra ones right now. About half of the oil pipelines in the U.S. are sitting unused, energy research firm Wood Mackenzie said in figures shared with Reuters Thursday."

"Sen. Elizabeth Warren called on the country’s top securities regulator to examine the pay practices of large energy companies, citing a report in The Washington Post that revealed how some fossil fuel giants reward executives for meeting environmental goals even in years when their companies caused significant environmental harm."

"A push by Senate Democrats to pass a roughly $2 trillion tax-and-spending measure before Christmas appeared in dire political peril Wednesday, as talks soured between President Biden and Sen. Joe Manchin III (D-W.Va.) over the size and scope of the economic package."

"The Interior Department is wasting money and man-hours sifting through paperwork on massive amounts of public lands acreage proposed for potential oil drilling that will never be sold at auction, a new Government Accountability Office report found."

"Progressives set out to write a reconciliation bill that would scrap special tax treatment for fossil fuel companies. Instead, they might hand the oil and gas industry a new subsidy."

"More than 50 U.S. power companies have joined forces to build a coast-to-coast fast charging network for electric vehicles along major U.S. travel corridors by the end of 2023."

"On Monday, Amazon founder Jeff Bezos announced his Earth Fund’s latest round of grants: $443 million to be spent primarily on land conservation and restoration and efforts to reduce environmental burdens on marginalized communities."