Business

Migratory Birds Lose Protection Against Industry in Latest Trump Action Against Environmental Regulations

Migratory Birds Lose Protection Against Industry in Latest Trump Action Against Environmental Regulations

Energy companies and other businesses are no longer liable for accidentally killing migratory birds, the Trump administration announced Friday in a decision hailed by industry insiders. A legal memo by the U.S. Interior Department reverses a longstanding agency practice and last-minute ruling released by the Obama administration in January 2017. The Obama-era policy meant that […]

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    U.S. Bank Quietly Joins $4B Deal With Dakota Access Owner After Declaring End to Oil and Gas Pipeline Loans

    U.S. Bank Quietly Joins $4B Deal With Dakota Access Owner After Declaring End to Oil and Gas Pipeline Loans

    By Sharon Kelly At a shareholder meeting this past spring, U.S. Bank announced it would be the first large American bank to completely stop issuing loans for oil and gas pipeline construction projects. Environmental groups, indigenous activists and divestment advocates hailed U.S. Bank’s announcement as a triumph. Yet that triumph—and the bank’s commitment—seems less sure […]

    Why Apple Deliberately Slowing Down iPhones Is Harming the Environment

    Why Apple Deliberately Slowing Down iPhones Is Harming the Environment

    If you ever felt like your iPhone is getting slower over time, Apple has admitted that it deliberately slows down the processing speeds of phones with older batteries to stop them shutting down without warning. The tech giant is ultimately doing a good thing—even if it’s in a sneaky, backhanded way. Smartphone batteries certainly have […]

    New York Takes Giant Step to Divest From Fossil Fuels

    New York Takes Giant Step to Divest From Fossil Fuels

    New York Governor Andrew Cuomo and New York City Comptroller Scott Stringer released separate plans on Tuesday to divest state and city pension funds from coal, oil and gas companies. Environmentalists are celebrating this major win in the global movement for fossil fuel divestment, as the state and city’s public pension funds are among the […]

    Exxon Mobil’s About-Face on Climate Disclosure: Is It Enough?

    Exxon Mobil’s About-Face on Climate Disclosure: Is It Enough?

    By Paul Griffin Exxon Mobil Corp. has vowed to do a better job in disclosing the risks it faces from climate change starting “in the near future,” after bucking pressure to do that for years. Until now, shareholders and bondholders had no choice but to rely on informed guesswork by outsiders to divine how the […]

    Chinese City to Become World’s First to Switch Entire Bus Fleet to Electric

    Chinese City to Become World’s First to Switch Entire Bus Fleet to Electric

    The city of Shenzen, China is home to a staggering 16,000 buses. To compare, that’s more buses than the five largest North American bus fleets combined (New York City, Los Angeles County, New Jersey Transit, Chicago and Toronto). Now, after a six-year effort to replace its diesel-fueled buses, the major Chinese city is well on […]

    Energy Innovation Funds Were Illegally Withheld by Trump Administration

    Energy Innovation Funds Were Illegally Withheld by Trump Administration

    The Trump administration violated the law by withholding funds from an Energy Department program that supported research and development of advanced energy technologies, the Government Accountability Office (GAO) reported on Tuesday. The GAO said the Trump administration had violated the Impoundment Control Act by not spending $91 million that was intended for the Energy Department’s […]