The U.S. Congress voted overwhelmingly Thursday to strip Russia’s normal trade status with the U.S. and ban imports of its gas, oil and coal, adding to the economic squeeze by the U.S. and its allies to punish Russian President Vladimir Putin’s government over the invasion of Ukraine.
Congressional Democrats excoriated executives from some of the world’s biggest oil companies, accusing them of exploiting the war in Ukraine and a surge in crude prices to reap windfall profits at the expense of American motorists.
Europe is taking a big gamble as it moves to ban Russian coal, potentially leaving itself vulnerable to shortages and rolling blackouts while the rest of the world contends with surging prices.
The new report updates previous work by the IPCC — its last work on this topic came out in 2014 — as well as assessing the potential of technology and offering evidence that climate action, done right, can improve the health and wellbeing of people around the world.
The Biden administration’s mammoth drawdown of the Strategic Petroleum Reserve depends on an aging network of pipelines and oil storage tanks with a problematic past.
The invasion of Ukraine has added to agita among electric-vehicle makers over the supply of nickel, a critical ingredient in EV batteries, since Russia is one of the world’s biggest producers.
The Biden administration will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.
The move by some states to soothe the sting of soaring fuel prices by temporarily suspending diesel fuel taxes has some unlikely opponents: truckers, the very people it’s supposed to help.
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