Economy & Business

"As vice president, Joe Biden oversaw a “green jobs” stimulus package that produced notable failures. This time, with more money and more demand for clean technology, will be different, Democrats say."

"WASHINGTON — In September 2009, then-Vice President Joseph R. Biden Jr. traveled to a defunct General Motors plant near his hometown, Wilmington, Del., to announce a $528.7 million government loan for Fisker Automotive to make hybrid and electric vehicles.

"The president wants to put pipefitters and miners to work capping “orphaned” gas wells as part of his forthcoming $3 trillion infrastructure plan."

"As the Green Climate Fund seeks to ramp up its financing for climate action and green recovery in developing nations, it needs the United States to restart contributions halted by its former president, the fund's executive director said on Friday."

"The oil industry's embrace of pricing carbon dioxide emissions is getting the cold shoulder from conservatives and congressional Republicans."

"Public transit offers a simple way for cities to lower greenhouse gas emissions, but the pandemic has pushed ridership, and revenue, off a cliff in many big systems."

"On the London Underground, Piccadilly Circus station is nearly vacant on a weekday morning, while the Delhi Metro is ferrying fewer than half of the riders it used to. In Rio, unpaid bus drivers have gone on strike. New York City subway traffic is just a third of what it was before the pandemic.

"Canada’s Supreme Court ruled in favour of the federal government’s carbon pricing policy on Thursday, upholding a central pillar of Prime Minister Justin’s Trudeau’s climate plan and infuriating some provinces that opposed it."

"The Biden administration handed environmental justice advocates a major victory on Thursday when it announced it was withdrawing a key pollution permit for an oil refinery in the U.S. Virgin Islands that locals say has long fouled their air and water and endangered their health."

"Top congressional Republicans are warning Democrats against splitting up the upcoming infrastructure package, raising new doubts for the prospects of bipartisan cooperation on a top Biden priority in the months ahead."

"The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs."