Economy & Business

Florida Home Insurance Crisis Hits Hardest in State’s Poorest Counties

"While wealthy coastal counties bear the brunt of landfalling storms, poor residents in inland counties are navigating an even bleaker insurance market that leaves them at risk of no coverage."

Source: Inside Climate News, 07/07/2025

5 Ways GOP Megabill Boosts Fossil Fuels And Hurts Renewables, Climate Action

"The Trump administration’s agenda megabill passed this week by the Senate and [passed] in the House contains a slew of provisions that are expected to bolster fossil fuels or harm the build-out of renewable energy — ultimately exacerbating climate change.

The extent of the phaseout of subsidies for green energy sources has been a significant point of contention among Republicans; but, ultimately, the cuts they make are expected to result in deep reductions in subsidies for the sector, even if moderates manage to stave off some of the most dramatic changes.

Source: The Hill, 07/07/2025

"Despite Protests, Elon Musk Secures Air Permit for xAI"

"xAI’s gas turbines get official approval from Memphis, Tennessee, even as civil rights groups prepare to sue over alleged Clean Air Act violations."

Source: WIRED, 07/03/2025
July 15, 2025

UT Austin Energy Institute Webinar: Clean Electricity Revolutionizing the Industrial Sector

The University of Texas at Austin’s McKetta Department of Chemical Engineering Professor and Electrified Processes for Industrial eXCellence Institute CTO Michael Baldea will share how the institute’s research is working to revolutionize the U.S. industrial sector using clean electricity with cost-effective, high-impact solutions. 1 pm ET.

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Senate GOP Removes Tax On Solar And Wind But Dismantles Dem Climate Law

"The sprawling Republican budget bill approved by the Senate Tuesday removes a proposed tax on solar and wind energy projects but quickly phases out tax credits for wind, solar and other renewable energy."

Source: AP, 07/02/2025
August 1, 2025

DEADLINE: EJN Virtual Training for Journalists Reporting on Business and Climate Change

Internews' Earth Journalism Network is hosting a virtual media workshop in late Aug for business and finance journalists in Bangladesh, India, Indonesia and Thailand seeking to strengthen their climate-focused reporting on Asia’s business sector. Story grants available. Apply by Aug 1.

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"Republicans Propose a New Way to Scrap Fuel Economy Rules: No Fines"

"For 50 years, automakers have had to increase the fuel efficiency of their vehicles or pay fines. The Republican megabill would set those penalties to $0." 

Source: NYTimes, 07/01/2025

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