Economy & Business

"Both ExxonMobil and BP announced Tuesday that they had sustained major losses in 2020 amid low demand for oil due to the coronavirus pandemic."

"The Office of the Comptroller of the Currency (OCC) is shelving a controversial rule meant to prevent banks from rejecting corporate customers based solely on their industry."

"Former Michigan Gov. Jennifer Granholm is expected to refocus the Department of Energy on climate change if she's confirmed as the next secretary of energy."

"President Joe Biden on Wednesday said he will ask the U.S. Congress to eliminate subsidies for fossil fuels on a day he signed executive actions to combat climate change."

"President Biden today is signing off on an aggressive conservation goal aimed at permanently protecting at least 30% of the nation's undeveloped land and waters by 2030, while calling for the creation of a jobs program focused in part on restoring public lands."

"President Biden on Wednesday signed a sweeping series of executive actions — ranging from pausing new federal oil leases to electrifying the government’s vast fleet of vehicles — while casting the moves as much about job creation as the climate crisis."

"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."