For the fourth year in a row, President Biden is trying to eliminate federal tax breaks for coal, oil and gas companies. But fossil fuel subsidies have proven difficult to stop.
Tag: Oil (Petroleum) and Gasoline
U.S. Approves $500 Million for Bahrain Oil Project, Despite Opposition
The financing faced criticism that it doesn’t mesh with U.S. commitments on climate change. Earlier, two climate advisers had resigned over the plan.
Ukraine, Stalled on the Battlefield, Strikes Russia’s Oil Industry
Ukrainian drone strikes have been able to hit refineries deep in Russian territory, indicating a new vulnerability. But it is unclear if that will affect the fighting.
Brazil’s Clashing Goals: Protect the Amazon and Pump Lots More Oil
State-owned Petrobras could soon be the world’s third-biggest oil producer, in stark contrast to the country’s promises to fight climate change and slow Amazon destruction.
It’s Not Officially the Anthropocene but Humans Have Changed the Planet
Many of our imprints on nature will be preserved in the rocks, scientists say, even if this time isn’t yet recognized as a new geologic epoch.
Two Young Climate Scientists. Two Visions of the Solution.
The friends recently spent hours confronting the choices that will shape their careers, and the world. Their ideas are very different.
2 Years Into Russia-Ukraine War, U.S. Campaign to Isolate Putin Shows Limits
Many nations insist on not taking sides in the war in Ukraine, while China, India and Brazil are filling Russia’s coffers.
How Two Irish Businessmen Almost Took Nigeria for $11 Billion
A mundane contractual provision met with rampant corruption — revealing a serious vulnerability in one of the backbones of international commerce.
Bank of America Pledged to Stop Financing Coal. Now It’s Backtracking.
The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.
U.N. Climate Chief Warns Countries Against ‘Hiding Behind Loopholes’
Simon Stiell used a speech in Azerbaijan to set expectations for global climate negotiations there this year.