Economy & Business

Hit By More Fires, Floods And Tornados, Americans Struggle To Pay

"Tiffany and Akira Shimbo were both on Zoom work calls on Dec. 14 when they heard a roaring crash outside their home in Silverado Canyon, a sylvan outpost 45 miles southeast of Los Angeles. Akira ran outside and saw a wave of fast-moving mud and water topping their fence and shoving their Jacuzzi, garden beds and more into raging Silverado Creek just below them."

Source: Palm Springs Desert Sun, 01/26/2022

Canada Watchdog Says Funds For Inactive Oil Well Cleanup May Fall Short

"Funds allocated by the Canadian government to help clean up the country’s orphan oil and gas wells may fall short if the main oil-producing province of Alberta continues to allocate the money to financially viable companies, the parliamentary budgetary watchdog said on Tuesday."

Source: Reuters, 01/26/2022

US Working To Avert Energy Shortage In Europe If Russia Invades Ukraine

"The Biden administration is engaged with European countries and major energy companies to prepare for a scenario in which a Russian invasion of Ukraine leads to a natural gas shortage in Europe, a senior administration official said Tuesday."

Source: The Hill, 01/26/2022

"High Court Drops ‘Earthquake’ on Federal Water Protections"

"The U.S. Supreme Court is likely to deal federal wetland and waterway safeguards a near-fatal blow by hearing arguments to limit the scope of the EPA’s power under the Clean Water Act, attorneys say."

Source: Bloomberg Environment, 01/25/2022

Old-Fashioned, Inefficient Light Bulbs Live On at U.S. Dollar Stores

"A Trump administration weakening of climate rules has kept incandescent bulbs on store shelves, and research shows they’re concentrated in shops serving poorer areas."

"For years, Deborah Turnerbought her light bulbs at one of the many dollar stores that serve her neighborhood in Columbus, Ohio.

Source: NYTimes, 01/24/2022

"House Panel Broadens Probe Into Climate Disinformation By Big Oil"

"The House Committee on Oversight and Reform has broadened its investigation into the role of fossil fuel companies in misleading the public about climate change, asking members of the boards of directors of ExxonMobil, BP, Chevron and Shell Oil to testify before Congress next month about their firms’ commitments to curbing global warming."

Source: Washington Post, 01/24/2022

"Shell CCS Plant Emits More Greenhouse Gases Than It's Captured"

"A new report provides some damning new math on one of the oil giant's much-hyped CCS projects."

"Oil companies love to tell the world about the super cool technologies that have that will allow us to keep burning fossil fuels without cooking the climate. But those technologies are largely bullshit.

Source: Earther, 01/24/2022

Bloated Costs Take Over Georgia Nuclear Plant; Fight Looms Over Who Pays

"Vogtle’s two new nuclear reactors are six years late and at least $16 billion over their original budget. The plant will have no direct carbon footprint, but critics say there are much cheaper ways to reduce emissions."

Source: Inside Climate News, 01/24/2022

Corps To Focus On Supply Chain, Climate Change With $14B In Spending

"The U.S. Army Corps of Engineers (USACE) is receiving $14 billion in funding to focus on projects dedicated to tackling supply chain issues and climate change, some of which has been allocated from the bipartisan infrastructure law passed last year."

Source: The Hill, 01/20/2022

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