Economy & Business

Trillions Of Dollars Of Fossil Fuel Finance Routed Via Tax Havens: Study

"Trillions of dollars of bank finance to fossil fuel companies is being routed via opaque financial centres in several countries, including the Netherlands, research published on Wednesday showed."

Source: Reuters, 09/12/2024

"Thirsty Data Centres Spring Up In Water-Poor Mexican Town"

"A two-year long drought in the semi-desert municipality of Colón, in the central Mexican state of Querétaro, has left many struggling with dead crops and water rationing. But at the same time, the local government in Querétaro is giving incentives to companies to build data centres that generally use large amounts of water to cool their servers."

Source: Thomson Reuters Fdn., 09/11/2024

"Biden Administration Backs Plastic as Coal Replacement to Make Steel"

"Jane Williams read the announcement with dismay. A Pennsylvania company was getting tens of millions of dollars in federal loan guarantees to turn plastic waste into a fuel for steelmaking, claiming the climate would benefit."

Source: Inside Climate News, 09/09/2024

"Trump Vows To Pull Back Climate Law’s Unspent Dollars"

"Donald Trump pledged Thursday to rescind any “unspent” funds under the Inflation Reduction Act should he be elected in November — potentially upending key parts of the Democrats’ climate law and its benefits to Republican-led communities."

Source: Politico, 09/09/2024

"Business Group Sues Texas Officials Over Law That Shields Oil Industry"

"A liberal business group sued Texas officials this week in a major challenge to a 2021 law that bars state entities from doing business with investment firms that the state comptroller says are boycotting energy companies."

Source: NYTimes, 09/04/2024

EPA Watchdog Says Air Chief Had ‘Disqualifying Financial Interest’

"An internal watchdog criticized the Environmental Protection Agency’s (EPA) top air official for participating in the development of a rule that regulates an industry in which he reportedly had financial holdings."

Source: The Hill, 08/29/2024

Chemical Industry Scientists Plan To Derail PFAS Rule On Drinking Water

"Scientists with financial ties to industry and histories of producing controversial research to derail chemical regulations are mobilizing to attack strict new federal drinking water limits for toxic PFAS, or “forever chemicals”, documents reviewed by the Guardian reveal."

Source: HuffPost, 08/28/2024

DeSantis’ Plan To Develop State Parks Set Back As Golf Course Backer Quits

"Facing widespread opposition across the political spectrum, Gov. Ron DeSantis ' plan to develop state parks with business ventures — such as golf courses, pickleball courts and large hotels — has hit a snag after a key supporter pulled the plug."

Source: AP, 08/27/2024

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