Economy & Business

"It’s the end of an algal era: Exxon is backing out of a biofuel effort that the company has for years centered as part of its work in clean energy."

"Ford Motor Co. announced Monday it will build a $3.5 billion electric vehicle battery plant in Michigan that uses Chinese technology, a move the company believes will bolster its ability to take advantage of President Joe Biden’s landmark climate law."

"Climate commitments by companies aren’t always as green as they seem. A new report concludes major brands are exaggerating how ambitious their efforts to cut greenhouse gas emissions are — in effect misleading consumers, investors and governments."

"While the big five oil companies registered record profits on the back of the energy crisis, relatively little will be reinvested in renewables as climate goals are slashed."

"The Biden administration on Thursday announced that it would issue a $2 billion loan to a battery manufacturing facility as it looks to bolster the country’s supply chain for electric vehicles."

"BP’s chief executive, Bernard Looney, said on Tuesday that the company would pare back its plans to reduce oil and gas production in the coming years, a move that would result in higher-than-expected carbon emissions."

"The Inflation Reduction Act was hailed for its climate funding – but some are concerned several provisions will worsen a growing environmental disaster".

"A federal judge in Nevada on Monday upheld the federal government’s approval of the largest proposed lithium mine in the nation, dismissing arguments that the Thacker Pass project would degrade nearby aquifers, air quality, and habitat for the imperiled greater sage grouse."