Economy & Business

Oil Firms That Bought Back Stock Got $15.5 Million In Coronavirus Funds

"At least two oil and gas firms that boosted investors' portfolios by buying back stock in 2019 received $15.5 million this year from a program designed to rescue small businesses gutted by the coronavirus pandemic."

Source: Washington Post, 05/13/2020

NEPA Rollback, EPA Science Rules Threaten Transparency; Plus, Pandemic Press Restrictions?

A long-standing law designed to protect public information about environmental impacts is facing an unfavorable overhaul, while a proposal dictating how EPA uses scientific findings in its rulings is nearing finalization. WatchDog has those items, plus how states are using the COVID-19 pandemic to restrict press and more.

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Rockefeller Oil Heirs Find Dumping Fossil Fuels Improved Bottom Line

"Five years ago, members of the Rockefeller family walked away from the fossil fuels that made them rich, alarmed that burning oil and gas was causing climate change. Now it also seems like a smart financial move. The $1.1 billion Rockefeller Brothers Fund — largely free of oil and gas — has outpaced financial benchmarks, defying predictions of money managers."

Source: Washington Post, 05/11/2020

"Trump Administration Agrees To Help Wind Farms With Subsidy Tweak"

"The Trump administration on Thursday agreed to change rules governing key renewable energy tax credits, a win for wind farm owners seeking more time to claim the subsidies because new projects have been stalled by the global coronavirus pandemic."

Source: Reuters, 05/11/2020

"Pandemic Costs May Dry Up Ohio’s Plan to Fight Lake Erie Algae"

"The coronavirus pandemic is endangering a $900 million program that underpins Ohio Gov. Mike DeWine’s long-term strategy for shrinking the annual massive toxic algae blooms in Lake Erie’s western basin."

Source: Bloomberg Environment, 05/11/2020

"Trump Administration Buries Detailed CDC Advice On Reopening"

"The Trump administration shelved a document created by the nation’s top disease investigators with step-by-step advice to local authorities on how and when to reopen restaurants and other public places during the still-raging coronavirus outbreak."

Source: AP, 05/08/2020

Tribes Begin To Receive Partial Stimulus Funding After Court Battle

"The Treasury Department announced Tuesday that it would begin distributing some of the coronavirus stimulus intended for Native American tribes, irking lawmakers who say the administration took far too long to dole out partial funding."

Source: The Hill, 05/07/2020

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