Economy & Business

"Ford Gets $9.2 Billion to Help US Catch Up With China’s EV Dominance"

"A deep-pocketed US government program designed to finance futuristic energy businesses is issuing a conditional $9.2 billion loan to Ford Motor Co. for the construction of three battery factories." "It’s one of the biggest loans to a US carmaker in more than a decade – and a watershed moment in Biden’s $400 billion plan to go all in on green technologies."

Source: Bloomberg Green, 06/23/2023

Lenders Continue Pouring Money Into Meat and Dairy, Despite Climate Promises

"The world’s biggest development banks have agreed that they will funnel their financial support to businesses that promise to reduce greenhouse gas emissions. But a new analysis published Wednesday by animal and environmental advocacy groups says those banks have given billions to big livestock and grain companies expanding greenhouse gas-intensive agricultural systems."

Source: Inside Climate News, 06/22/2023

Tribal Activists Oppose Nevada Mine Key to Biden's Clean Energy Agenda

"Just 45 miles from the Fort McDermitt Indian Reservation where Daranda Hinkey and her family corral horses and cows, a centerpiece of President Joe Biden’s clean energy plan is taking shape: construction of one of the largest lithium mines in the world."

Source: AP, 06/21/2023

UN Adds New Disclosure Requirements for COP28 Corporate Fossil Lobbying

"Watchdog groups call the change a "baby step" toward reform, while UN chief Antonio Guterres says climate action must start with the fossil fuel industry, “the polluted heart of the climate crisis.”"

Source: Inside Climate News, 06/21/2023

"EPA Is Struggling to Keep Track of Water Grants, Watchdog Says"

"The EPA doesn’t seem to have a firm grip on a $162 million pot of money meant for water infrastructure grants, the agency’s inspector general said in a Tuesday memo to department officials.

The findings are the latest in a string of reports from the Environmental Protection Agency’s inspector general raising red flags about how the agency is doling out its grant money.

The EPA’s drinking water division admitted it “encountered challenges” in trying to provide a list of grants issued under the Water Infrastructure Improvements for the Nation Act, according to the memo."

Source: Bloomberg Environment, 06/21/2023

"Offshore Wind Foes In New Jersey Gathering Force Legally And Politically"

"Opponents of offshore wind energy projects in New Jersey are gathering force legally and politically as they seek to snuff out the nascent industry."

Source: AP, 06/20/2023

Power Companies Spend Millions To Fight Maine’s Proposed Non-Profit Utility

"Residents in Maine are about to be bombarded with a multimillion-dollar public relations campaign aimed at saving the state’s two dominant electric utilities from being voted out of existence in November."

Source: Floodlight, 06/20/2023

Watching the Watchers: How Journalistic Teamwork Uncovered Years of Regulatory Failure in Texas

After a massive fire at a Texas petrochemical storage facility, reporters from Public Health Watch and The Texas Tribune worked together to shed light on who was responsible for this disaster and what health threats had been hidden from the public. This behind-the-scenes report from Public Health Watch’s David Leffler and Savanna Strott looks at the challenges the team faced and how they overcame them.

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U.S. Proposes Deep Fee Reductions For Wind, Solar On Federal Land

"A new regulation will formalize a roughly 80% cut in project fees for wind and solar energy developments on federal lands under a proposal by the Biden administration on Thursday as part of a strategy to boost renewable energy to fight climate change."

Source: Reuters, 06/16/2023

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