Economy & Business

"Casting the fight against climate change as an urgent moral duty, Pope Francis in June urged the world to phase out highly-polluting fossil fuels. Yet in the heart of U.S. oil country several dioceses and other Catholic institutions are leasing out drilling rights to oil and gas companies to bolster their finances, Reuters has found."

"Rich western countries and the world’s leading developing nations are spending up to $200bn (£130bn) a year subsidising fossil fuels, according to a report from the Organisation for Economic Cooperation and Development."

"The House Energy and Commerce Committee took a major step Thursday toward allowing crude oil exports from the United States."

"Outfitting its biggest supertanker to measure the ocean's absorption of carbon dioxide was a crown jewel in Exxon's research program."

"House Republicans plan to vote on a bill in the coming weeks to lift the nation’s four-decade ban on oil exports, setting up a clash with the Obama administration later this year over what to do with oil from a boom in domestic production in the past decade,"

"Exxon's Own Research Confirmed Fossil Fuels' Role in Global Warming Decades Ago. Top executives were warned of possible catastrophe from greenhouse effect, then led efforts to block solutions."

"A House subcommittee voted Thursday to lift the 40-year-old restriction on exporting crude oil, moving the legislation a significant step toward passage."

"One of the nation’s largest university systems announced it has shed some of its fossil fuel investment from its endowment and pension funds."

"A House subcommittee will vote Thursday on whether to lift the 40-year-old ban on exporting crude oil."