Economy & Business

"A widely touted effort to clean up the embattled carbon-offsets market has been met with disappointment among experts."

"The EPA’s inspector general raised concerns to House lawmakers Wednesday that his office can’t adequately track the tens of billions of dollars flowing into the agency from the infrastructure and climate laws under its current funding."

"The White House on Monday threatened a veto of a House Republicans’ energy package, known as H.R. 1,  if it makes it to President Biden’s desk."

"A corporate conservation project in Brazil's Amazon rainforest has sold carbon credits from publicly owned land without state authorization, a Context investigation has found, highlighting concerns about the credibility of offsets from areas with disputed land ownership."

"The Republican-led House on Thursday failed to override President Biden’s first veto, falling short of the two-thirds majority needed to revive the resolution targeting an administration rule related to ESG investing, which takes environmental and social factors into account."

"Norfolk Southern Railway CEO Alan Shaw said Wednesday that he supports certain aspects of a bipartisan railroad safety bill introduced after a train operated by the company crashed in East Palestine, Ohio, but declined to endorse the bill as a whole."

"Global renewable energy capacity grew by 9.6% last year but needs to grow by three times the current rate to limit global warming, the International Renewable Energy Agency (IRENA) said on Tuesday."

"President Biden on Monday issued his first veto since taking office, rejecting a bill that would have reversed a Labor Department rule on environmental, social and governance (ESG) investing."

"The Biden administration is preparing to impose some of the first new rules in a generation to restrict or ban an array of toxic chemicals that are widely used in manufacturing, presenting the White House with tough choices between its economic agenda and public health."