Climate change

The Treasury Department on Monday established a brand new "climate hub" that's tasked with bringing the "full force" of the department to tackle potential financial system risks posed by climate change, including leveraging tax incentives to reduce carbon emissions.

A group of investors managing $11 trillion in assets has called on banks to set tougher emissions targets ahead of a meeting of world leaders aimed at accelerating efforts to fight climate change.

Investors brace for a slew of earnings from Coca-Cola, Johnson & Johnson, United Airlines, Netflix, Chipotle, Intel, Snap, American Express and others in the coming week.

Gary Gensler has become the 33rd Chairman of the Securities and Exchange Commission.

New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday.

Las Vegas went a record 240 days without measurable rainfall last year. Water officials in the dry region, according to reports, are now asking the Nevada Legislature for a first-in-the-nation policy banning grass that nobody walks on.

Progressive Democrats are leaning on President Biden to dramatically increase the size of his next big-ticket economic spending bill, unveiling on Monday a new bill that would invest $10 trillion in renewable energy, green infrastructure and climate justice initiatives over the next decade. 

The Biden administration is moving to sharply increase offshore wind energy along the East Coast, saying Monday it is taking initial steps toward approving a huge wind farm off the New Jersey coast as part of an effort to generate electricity for more than 10 million homes nationwide by 2030.

While consumer-goods companies have touted their success in cutting emissions in offices and factories, they are struggling to reduce what they say is the biggest source of emissions associated with their products: consumer use.