WASHINGTON (Reuters) – World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources. World Bank President Jim Yong Kim speaking at the opening of the Climate Action Summit […]

An open records lawsuit filed against the State Department is attempting to uncover whether Russian entities attempted to financially support U.S. environmentalist causes. The Institute for Energy Research (IER) — a free-market energy group based in Washington, D.C. — filed the lawsuit on Monday. IER has requested that the State Department hand over correspondence concerning hydraulic fracturing, […]

The European Union wants to bind the financial industry into the battle for a greener economy. But critics warn against the risks for investors.   The financial world should become greener. This lofty goal has been spearheaded by the European Commission who are asking banks, asset managers, pension funds and insurers to do their part […]

Washington (CNN) Democratic Rep. Alexandria Ocasio-Cortez proposed taxing the wealthy as high as 70% to fund a climate change plan she’s pushing called the “Green New Deal.” “There’s an element where, yeah, people are going to have to start paying their fair share in taxes,” the freshman New York lawmaker said in an interview with Anderson […]

Despite increasingly apocalyptic warnings from U.N. officials, 2018 has seen a number of high-profile defeats for policies aimed at fighting global warming. Politicians and voters pushed back at attempts to raise energy prices as part of the climate crusade. It started in June with election of Ontario Premier Doug Ford. Ontario residents overwhelmingly voted Ford’s […]

Too much rancour in the EU’s CO2 emissions talks over the next three months could delay the legislation for years. 2018 was an important year for EU energy legislation, as lawmakers rushed to complete the promises of President Jean-Claude Juncker before the end of the term in just four months time. But it is still […]

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Climate activists fighting to derail pipelines and other energy projects have blocked $91.9 billion in U.S. economic activity and hundreds of thousands of jobs, according to a new report. “Infrastructure Lost: Why America Cannot Afford to ‘Keep It In the Ground,’” released by the U.S. Chamber of Commerce’s Global Energy Institute, quantified the cost of […]