"Key players in the long-dormant effort to make companies pay for toxic site cleanups notched a big win in the recently enacted infrastructure bill. Now, they’re hoping for a similar payoff in the massive reconciliation package."
Economy & Business
"When Lucas Zucker talks about sea level rise in California, his first thoughts aren’t about waves crashing onto fancy homes in Orange County, nor the state’s most iconic beaches shrinking year after year. What worries him most are the three power plants looming over the Oxnard coast, and the toxic waste site that has languished there for decades."
"The United States won’t meet the Biden administration’s goal of widespread electric-vehicle adoption without urgent investment in domestic semiconductor manufacturing, Commerce Secretary Gina Raimondo said."
"The department recommended higher fees for oil and gas leases, but there was no sign the government planned to take global warming into account when weighing new applications."
"Boston Mayor Michelle Wu signed an ordinance Monday designed to divest the city from fossil fuels."
"Hammered by high gasoline prices, President Biden announced this morning that the Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve in an effort to lower prices."
"Climate change poses “wide-ranging and material risks to the financial system,” a New York state agency is warning, and the insurance industry needs to be prepared."
The massive infrastructure measure signed into law last week is a potential mother lode of stories for environmental journalists. If that is, they can figure out where the money is going. The latest TipSheet takes an initial look at the $1.2 trillion plan and offers guidance on how to track down reportable local and regional projects.
"The White House on Tuesday said it would make 50 million barrels of oil available from the U.S. Strategic Petroleum Reserves to help cool oil prices."