Stock Buybacks and Dividends Become a $1.5 Trillion Political Target

Companies have been criticized for the vast sums they are sending investors. Some of that money could be put to better use but for the most part, our columnist says, bring it on.

#corporate-taxes, #dividends-finance, #executive-compensation, #oil-petroleum-and-gasoline, #standardpoors-500-stock-index, #stock-options-and-purchase-plans, #stocks-and-bonds, #united-states-economy

Climate Bill Heads to Biden’s Desk. There Is More to Be Done.

The bill will cut U.S. emissions, but not nearly enough. It’s “like losing 20 pounds when you need to lose 100 pounds” one expert said.

#air-pollution, #alternative-and-renewable-energy, #carbon-dioxide, #democratic-party, #global-warming, #greenhouse-gas-emissions, #house-of-representatives, #inflation-reduction-act-of-2022, #law-and-legislation, #millennial-generation, #oil-petroleum-and-gasoline, #republican-party, #solar-energy, #wind-power

Russia’s Economy Contracts Sharply as War and Sanctions Take Hold

The country’s gross domestic product from April through June declined 4 percent from a year earlier, new government data shows.

#economic-conditions-and-trends, #gross-domestic-product, #inflation-economics, #interest-rates, #moscow-russia, #oil-petroleum-and-gasoline, #ruble-currency, #russia, #russian-invasion-of-ukraine-2022, #war-and-armed-conflicts

Erdogan and Putin: Complicated Relations With Mutual Benefits

Turkey needs Russian cash, gas and business as Erdogan looks to a dicey election and a new incursion in Syria, while Moscow needs friends to try to evade Western sanctions.

#banking-and-financial-institutions, #black-sea, #currency, #defense-and-military-forces, #embargoes-and-sanctions, #erdogan-recep-tayyip, #european-union, #grain, #international-relations, #north-atlantic-treaty-organization, #oil-petroleum-and-gasoline, #politics-and-government, #putin-vladimir-v, #russia, #russian-invasion-of-ukraine-2022, #syria, #turkey, #ukraine, #united-states-international-relations, #war-and-armed-conflicts, #zelensky-volodymyr

The Climate Bill Isn’t Perfect, but It’s Still a Major Victory

There may be better ways to slow global warming, but this legislation is a big step forward.

#alternative-and-renewable-energy, #batteries, #carbon-capture-and-sequestration, #electric-and-hybrid-vehicles, #environmental-protection-agency, #global-warming, #greenhouse-gas-emissions, #inflation-reduction-act-of-2022, #oil-petroleum-and-gasoline, #tax-credits-deductions-and-exemptions, #united-states, #united-states-economy

Gas Prices in the U.S. Fall Below $4 a Gallon

After peaking in mid-June, they have tracked a global decline in oil prices and are back where they were in March.

#american-automobile-assn, #automobiles, #diesel-power, #gasoline-tax-us, #inflation-economics, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy

Hungary Settles Russia’s Bill With Ukraine to Restore Oil Flows

Hungary’s energy conglomerate, MOL, paid Russia’s transit fees to Ukraine, ensuring that oil keeps flowing through an overland pipeline that remains crucial for Central Europe.

#central-europe, #oil-petroleum-and-gasoline, #orban-viktor, #pipelines, #russia, #russian-invasion-of-ukraine-2022, #war-and-armed-conflicts

Europe’s Energy Crisis May Get A Lot Worse

Do Americans understand the stakes across the Atlantic?

#energy-and-power, #europe, #internal-sub-only-nl, #natural-gas, #oil-petroleum-and-gasoline, #putin-vladimir-v, #russian-invasion-of-ukraine-2022

Inflation Cooled in July, Welcome News for White House and Fed

Prices have increased rapidly since last year, but barely budged in July — a positive development, though not yet enough for a victory lap.

#biden-joseph-r-jr, #federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #renting-and-leasing-real-estate, #united-states-economy, #used-cars

Gas Prices Have Fallen 57 Straight Days

The decline in the cost of filling up at the pump has been a big factor in easing inflation.

#inflation-economics, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates

El PNUD, una misión verde y socios sucios en la Amazonía colombiana

Una de las mayores agencias para el desarrollo sustentable se ha aliado con empresas de hidrocarburos para aplastar a la oposición y mantener el flujo de petróleo, incluso en zonas sensibles.

#colombia, #ecopetrol, #oil-petroleum-and-gasoline, #united-nations-development-program

In the Amazon, a U.N. Agency Has a Green Mission, but Dirty Partners

One of the world’s largest sustainable development agencies has worked with energy companies to quash opposition and keep oil flowing, even in sensitive areas.

#colombia, #ecopetrol, #oil-petroleum-and-gasoline, #united-nations-development-program

Hey Hey! Ho Ho! These Climate Activists Get Paid to Go.

Some environmental protesters are earning salaries from new nonprofit groups that believe taking it to the streets is more important than ever.

#air-pollution, #demonstrations-protests-and-riots, #extinction-rebellion, #global-warming, #greenhouse-gas-emissions, #just-stop-oil, #oil-petroleum-and-gasoline, #philanthropy, #rockefeller-family, #standard-oil-co, #sunrise-movement

We Will All End Up Paying for Someone Else’s Beach House

As extreme weather events compound, the obvious perils of waterfront living are growing both more obvious and more perilous.

#army-corps-of-engineers, #beaches, #coast-erosion, #federal-emergency-management-agency, #floods, #greenhouse-gas-emissions, #hurricanes-and-tropical-storms, #oceans-and-seas, #oil-petroleum-and-gasoline, #real-estate-and-housing-residential, #sand-and-gravel

Manchin’s Donors Include Pipeline Giants That Win in His Climate Deal

The controversial Mountain Valley Pipeline is one of several projects the senator has negotiated major concessions for, benefiting his financial supporters.

#appalachian-region, #campaign-finance, #center-for-responsive-politics, #demonstrations-protests-and-riots, #global-warming, #greenhouse-gas-emissions, #manchin-joe-iii, #marcellus-shale, #natural-gas, #oil-petroleum-and-gasoline, #pipelines, #regulation-and-deregulation-of-industry, #schumer-charles-e, #suits-and-litigation-civil, #united-states-politics-and-government, #west-virginia

Five Decades in the Making: Why It Took Congress So Long to Act on Climate

The Senate bill avoided the political pitfalls of past legislative attempts by offering only incentives to cut climate pollution, not taxes.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #carbon-caps-and-emissions-trading-programs, #carbon-dioxide, #democratic-party, #global-warming, #gore-al, #greenhouse-gas-emissions, #house-of-representatives, #law-and-legislation, #manchin-joe-iii, #nordhaus-william-d, #oil-petroleum-and-gasoline, #republican-party, #senate, #united-states-politics-and-government, #whitehouse-sheldon

Spain Limits Air-Conditioning to Save Energy

The country this week became the latest to announce restrictions, in part to promote energy efficiency but also to reduce consumption of Russian gas.

#air-conditioning, #european-union, #heating, #oil-petroleum-and-gasoline, #politics-and-government, #russian-invasion-of-ukraine-2022, #spain

How Republicans Are ‘Weaponizing’ Public Office Against Climate Action

A Times investigation revealed a coordinated effort by state treasurers to use government muscle and public funds to punish companies trying to reduce greenhouse gases.

#american-legislative-exchange-council, #banking-and-financial-institutions, #blackrock-inc, #boycotts, #coal, #conservatism-us-politics, #corporate-social-responsibility, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #heartland-institute, #heritage-foundation, #lobbying-and-lobbyists, #oil-petroleum-and-gasoline, #pensions-and-retirement-plans, #republican-party, #state-financial-officers-foundation, #states-us, #united-states-economy, #united-states-politics-and-government, #west-virginia

U.S. Bid to Cap Russian Oil Prices Draws Skepticism Over Enforcement

The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyers’ cartel.

#embargoes-and-sanctions, #europe, #european-union, #group-of-seven, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #russia, #russian-invasion-of-ukraine-2022, #treasury-department, #united-states-economy, #yellen-janet-l

How Joe Manchin Shaped the Climate Change Bill

Along the way to the $369 billion package, the West Virginia senator secured an array of concessions for his state and for the fossil fuel industry.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #black-lung-disease, #carbon-capture-and-sequestration, #coal, #democratic-party, #drilling-and-boring, #electric-and-hybrid-vehicles, #global-warming, #greenhouse-gas-emissions, #infrastructure-public-works, #law-and-legislation, #manchin-joe-iii, #mines-and-mining, #natural-gas, #offshore-drilling-and-exploration, #oil-petroleum-and-gasoline, #pipelines, #senate, #tax-credits-deductions-and-exemptions, #united-states-economy, #united-states-politics-and-government

Biden Savors Much-Needed Victories. But Will the Highs Overshadow the Lows?

With the midterm elections around the corner, the challenge for President Biden is to make sure his latest successes resonate with Americans who remain deeply skeptical about the future.

#biden-joseph-r-jr, #global-warming, #law-and-legislation, #oil-petroleum-and-gasoline, #united-states-economy, #united-states-politics-and-government

Climate Bill ‘Transformative’ for Auto and Energy Industries

The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.

#automobiles, #batteries, #carbon-capture-and-sequestration, #china, #democratic-party, #electric-and-hybrid-vehicles, #energy-and-power, #factories-and-manufacturing, #fuel-efficiency, #fuel-emissions-transportation, #global-warming, #greenhouse-gas-emissions, #infrastructure-public-works, #law-and-legislation, #manchin-joe-iii, #methane, #natural-gas, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #reicher-dan-w, #stokes-leah, #tax-credits-deductions-and-exemptions, #united-states, #united-states-economy, #united-states-politics-and-government, #used-cars, #warren-mich

Exxon and Chevron Report Record Profits on High Oil Prices

The energy industry’s windfall has followed a spike in prices, resulting mostly from Russia’s invasion of Ukraine, and a global economy rebounding from the coronavirus pandemic.

#biden-joseph-r-jr, #chevron-corporation, #company-reports, #coronavirus-2019-ncov, #exxon-mobil-corp, #oil-petroleum-and-gasoline, #standardpoors-500-stock-index, #united-states

Russia Is Making Heaps of Money From Oil, but There Is a Way to Stop That

Nations seeking to help Ukraine should aim at reducing Russia’s profits from oil, not how much it exports.

#economic-conditions-and-trends, #embargoes-and-sanctions, #europe, #international-relations, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states, #united-states-international-relations

Germans Tip-Toe Up the Path to Energy Savings

Local leaders find themselves at the front line of Europe’s conservation efforts, fearing a Russian gas cut. It’s not an easy place to be.

#augsburg-germany, #bavaria-germany, #economic-conditions-and-trends, #energy-and-power, #energy-efficiency, #europe, #european-union, #gazprom, #germany, #heating, #international-relations, #natural-gas, #nord-stream-ag, #oil-petroleum-and-gasoline, #politics-and-government, #russian-invasion-of-ukraine-2022, #shortages, #siemens-ag, #war-and-armed-conflicts

Surprise Deal Would Be Most Ambitious Climate Action Undertaken by U.S.

The announcement Wednesday of an agreement in the Senate almost instantly reset the role of the United States in the global effort to fight climate change.

#air-pollution, #alternative-and-renewable-energy, #batteries, #biden-joseph-r-jr, #carbon-capture-and-sequestration, #electric-and-hybrid-vehicles, #energy-efficiency, #global-warming, #greenhouse-gas-emissions, #law-and-legislation, #manchin-joe-iii, #oil-petroleum-and-gasoline, #senate, #solar-energy, #tax-credits-deductions-and-exemptions, #united-states-international-relations, #united-states-politics-and-government, #wind-power

Nobody Talks About How Fracking Was an Extraordinary Boondoggle

There’s a lesson here on what big investments in clean energy could deliver.

#alternative-and-renewable-energy, #hydraulic-fracturing, #internal-sub-only-nl, #natural-gas, #oil-petroleum-and-gasoline, #russian-invasion-of-ukraine-2022, #united-states

Facing ‘Putin’s Energy Blackmail,’ Europe Agrees to Cut Russian Gas Use

Holding together despite some nations’ dependence on Russia, the European Union agreed to make voluntary savings mandatory if the Kremlin suddenly decides to turn off the taps over its invasion of Ukraine.

#economic-conditions-and-trends, #embargoes-and-sanctions, #energy-and-power, #energy-efficiency, #europe, #european-commission, #european-union, #gazprom, #germany, #international-relations, #international-trade-and-world-market, #natural-gas, #nord-stream-ag, #oil-petroleum-and-gasoline, #pipelines, #politics-and-government, #putin-vladimir-v, #rationing-and-allocation-of-resources, #russian-invasion-of-ukraine-2022, #storage, #ukraine, #united-states-international-relations, #von-der-leyen-ursula, #war-and-armed-conflicts, #zelensky-volodymyr

Biden’s Big, Bold, Surprising Plan for a Green Transition (I Hope)

Our energy policy is a mess. The president needs to devise a new strategy with America’s biggest oil producers.

#alternative-and-renewable-energy, #biden-joseph-r-jr, #conocophillips, #gasoline-tax-us, #houston-tex, #oil-petroleum-and-gasoline, #saudi-arabia

Ice Cream Trucks Are the Latest Target of Inflation

Inflation and its rising fuel prices have pushed some ice cream truck owners to the brink.

#coronavirus-2019-ncov, #flushing-meadows-corona-park-queens-ny, #food-trucks-and-vendors, #ice-cream-and-frozen-desserts, #inflation-economics, #mister-softee, #new-york-city, #oil-petroleum-and-gasoline, #parks-and-recreation-department-nyc

Fed Prepares Another Rate Increase as Wall Street Wonders What’s Next

Central bankers around the world have been picking up the pace of rate increases. Now the big question looms: When will they slow down?

#banking-and-financial-institutions, #consumer-behavior, #federal-reserve-system, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #recession-and-depression, #united-states-economy, #wages-and-salaries

Congo to Auction Off Oil and Gas Blocks In a Step Back for Climate Change

Peatlands and rainforests in the Congo Basin protect the planet by storing carbon. Now, in a giant leap backward for the climate, they’re being auctioned off for drilling.

#auctions, #carbon-capture-and-sequestration, #congo-democratic-republic-of-congo-kinshasa, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #greenpeace, #international-relations, #land-use-policies, #oil-petroleum-and-gasoline, #politics-and-government, #third-world-and-developing-countries, #university-of-leicester, #virunga-national-park-congo-democratic-republic-of

Climate Change Is Not Negotiable

President Biden’s best course is to take the same regulatory path Barack Obama was forced to follow.

#biden-joseph-r-jr, #democratic-party, #electric-and-hybrid-vehicles, #executive-orders-and-memorandums, #fuel-emissions-transportation, #global-warming, #greenhouse-gas-emissions, #haaland-deb, #interior-department, #manchin-joe-iii, #oil-petroleum-and-gasoline, #republican-party, #senate, #united-states

Biden’s New Economic Scorecard: The Price at the Pump

The president has grown fond of boasting about a prolonged streak of falling gasoline prices, a move wrapped in risk and irony.

#biden-joseph-r-jr, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy, #united-states-politics-and-government

Cheaper Gas

Prices have now fallen for more than a month.

#inflation-economics, #internal-storyline-no, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy

Why Republicans Are Having Gas Pains

Their focus on gas prices is profoundly stupid. If it’s coming back to bite themparty, that’s just poetic justice.

#biden-joseph-r-jr, #hydraulic-fracturing, #inflation-economics, #midterm-elections-2022, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #republican-party, #united-states-politics-and-government

What Would a Climate Emergency Mean? Here Are 4 Key Points.

As 100 million Americans swelter under heat warnings, the president is considering whether to invoke special powers to address climate change.

#air-pollution, #biden-joseph-r-jr, #defense-production-act, #disasters-and-emergencies, #energy-and-power, #federal-emergency-management-agency, #global-warming, #oil-petroleum-and-gasoline, #politics-and-government, #united-states-politics-and-government, #war-and-emergency-powers-us

Delay as the New Denial: The Latest Republican Tactic to Block Climate Action

The party has largely moved beyond denying the existence of climate change but continues to oppose dramatic action to halt it, worried about the short-term economic consequences.

#air-pollution, #alternative-and-renewable-energy, #carbon-dioxide, #electric-and-hybrid-vehicles, #energy-and-power, #global-warming, #graham-lindsey, #greenhouse-gas-emissions, #heat-and-heat-waves, #manchin-joe-iii, #mccarthy-kevin-1914-2010, #oil-petroleum-and-gasoline, #politics-and-government, #republican-party, #united-states-economy, #united-states-politics-and-government, #wind-power

Heat Wave Complicates Global Energy Crisis and Climate Fight

First, Russia upended the world energy market, then searing temperatures drove up demand for energy, forcing some of the world’s largest economies to scramble to secure power for their citizens.

#alternative-and-renewable-energy, #electricite-de-france-edf, #europe, #global-warming, #greenhouse-gas-emissions, #heat-and-heat-waves, #natural-gas, #oil-petroleum-and-gasoline, #politics-and-government, #russian-invasion-of-ukraine-2022

As Biden Reaches Out to Mideast Dictators, His Eyes Are on China and Russia

Trying to make Moscow pay for its Ukraine war, and box China out of Mideast tech deals, the U.S. president tries to fall back on old Gulf alliances.

#5g-wireless-communications, #biden-joseph-r-jr, #computers-and-the-internet, #embargoes-and-sanctions, #gulf-cooperation-council, #huawei-technologies-co-ltd, #human-rights-and-human-rights-violations, #israel, #khashoggi-jamal, #middle-east, #mohammed-bin-salman-1985, #oil-petroleum-and-gasoline, #political-prisoners, #russian-invasion-of-ukraine-2022, #saudi-arabia, #sisi-abdel-fattah-el, #trump-donald-j, #united-states-international-relations

What Biden Got Right on His Trip to the Middle East

There is real value in making small steps through diplomacy.

#abu-akleh-shireen, #arms-control-and-limitation-and-disarmament, #biden-joseph-r-jr, #defense-and-military-forces, #democracy-theory-and-philosophy, #international-relations, #iran, #israel, #lapid-yair, #middle-east, #mohammed-bin-salman-1985, #nuclear-weapons, #oil-petroleum-and-gasoline, #palestinians, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #saudi-arabia, #ukraine, #united-states, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #war-and-armed-conflicts

The Worst Place in the World to Drill for Oil Is Up for Auction

Oil exploration in the Congo rainforest would be a pollution disaster for communities that depend on it and for wildlife.

#biodiversity, #congo-democratic-republic-of-congo-kinshasa, #forests-and-forestry, #global-warming, #oil-petroleum-and-gasoline, #pollution

How Inflation Upended Biden’s Climate Agenda

Rising prices, party infighting and the aftershocks from Russia’s invasion of Ukraine have hurt the president’s plans to speed an energy transition.

#air-pollution, #alternative-and-renewable-energy, #biden-joseph-r-jr, #economic-conditions-and-trends, #energy-and-power, #environment, #environmental-protection-agency, #global-warming, #greenhouse-gas-emissions, #inflation-economics, #law-and-legislation, #manchin-joe-iii, #oil-petroleum-and-gasoline, #politics-and-government, #prakash-varshini, #schumer-charles-e, #senate, #solar-energy, #supreme-court-us, #united-states-politics-and-government, #wind-power

Germany Hopes to Outrace a Russian Gas Cutoff and Bone Cold Winter

Europe’s largest economy and key energy hub still depends on gas supplies now ensnared in conflict. Here’s how Germany is preparing and what is at stake.

#economic-conditions-and-trends, #germany, #natural-gas, #nord-stream-ag, #oil-petroleum-and-gasoline, #pipelines, #politics-and-government, #russia, #russian-invasion-of-ukraine-2022, #steel-and-iron, #uniper-se

How Joe Manchin Doomed the Democrats’ Climate Plan

Senator Joe Manchin III of West Virginia led his party and his president through months of tortured talks, with nothing to show for it as the planet dangerously heats up.

#air-pollution, #alternative-and-renewable-energy, #biden-joseph-r-jr, #carbon-dioxide, #coal, #democratic-party, #electric-and-hybrid-vehicles, #energy-and-power, #global-warming, #greenhouse-gas-emissions, #manchin-joe-iii, #oil-petroleum-and-gasoline, #politics-and-government, #schumer-charles-e, #senate, #solar-energy, #tax-credits-deductions-and-exemptions, #wind-power, #wyden-ron

Biden’s Saudi Lesson: The Only Path Runs Through M.B.S.

President Biden tried to isolate Crown Prince Mohammed bin Salman over human rights abuses. Now, the United States needs Saudi Arabia, and Mr. Biden is about to visit.

#biden-joseph-r-jr, #houthis, #human-rights-and-human-rights-violations, #khashoggi-jamal, #mohammed-bin-salman-1985, #oil-petroleum-and-gasoline, #russian-invasion-of-ukraine-2022, #saudi-arabia, #united-states-international-relations

High Inflation in June Puts Pressure on Interest Rates

Prices climbed 9.1 percent from a year earlier, ramping up pressure on the Federal Reserve to continue raising interest rates.

#biden-joseph-r-jr, #federal-reserve-system, #food, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy

Inflation Soared in June, Pinching Consumers and Challenging Policymakers

Prices climbed 9.1 percent from a year earlier, ramping up pressure on the Federal Reserve to continue raising interest rates.

#biden-joseph-r-jr, #federal-reserve-system, #food, #inflation-economics, #interest-rates, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #united-states-economy

Gas Prices, a Big Inflation Factor, Are Coming Down Sharply

A four-week decline has offered some relief to drivers. Weather, war and demand will help shape whether the decline can be sustained.

#biden-joseph-r-jr, #china, #consumer-behavior, #coronavirus-2019-ncov, #inflation-economics, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #prices-fares-fees-and-rates, #russia, #united-states, #united-states-economy

Biden Mideast Trip Fraught With Political Perils

President Biden is heading to the Mideast with one eye on U.S. strategic goals abroad and another on his political vulnerabilities back home.

#biden-joseph-r-jr, #china, #international-relations, #middle-east, #mohammed-bin-salman-1985, #nuclear-weapons, #oil-petroleum-and-gasoline, #russia, #russian-invasion-of-ukraine-2022, #saudi-arabia, #united-states, #united-states-international-relations