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  • News
    The Canadian Press

    EPA approves California rules phasing out diesel trucks

    SACRAMENTO, Calif. (AP) — The Biden administration cleared the way Friday for California's plan to phase out a wide range of diesel-powered trucks, part of the state's efforts to drastically cut planet-warming emissions and improve air quality in heavy-traffic areas like ports along the coast. The decision by the U.S. Environmental Protection Agency allows California to require truck manufacturers to sell an increasing number of zero-emission trucks over the next couple of decades. The rule appl

  • News
    The Canadian Press

    Medicare, Social Security could fall short over next decade

    WASHINGTON (AP) — The financial safety nets millions of older Americans rely on and millions of young people are counting on will run short of money to pay full benefits within the next decade, the annual Social Security and Medicare trustees report released Friday warns. Medicare, the government-sponsored health insurance that covers 65 million older and disabled people, will be unable to pay full benefits for inpatient hospital visits and nursing home stays by 2031, the report forecast. And ju

  • Politics
    Reuters

    U.S. government to provide $1 billion for rural renewable energy

    Rural small businesses and farmers will be eligible to apply for $1 billion in grants to invest in clean energy beginning Saturday, the U.S. Department of Agriculture and the White House announced on Friday. The money, funded by the Inflation Reduction Act, will be distributed through the USDA's Rural Energy for America Program (REAP) and is meant to further the Biden administration's efforts to cut climate-harming emissions across the American economy. "Through this administration we are taking an approach that tries to expand the affordability of clean energy to folks living in every zip code," White House National Climate Advisor Ali Zaidi said on a call with reporters.

  • Business
    Reuters

    US Republicans widen challenge to fund managers on ESG

    Republican attorneys general from 21 U.S. states raised fresh concerns with asset managers over their consideration for environmental, social and governance (ESG) factors in the votes cast at U.S. corporate annual meetings getting under way this spring. The top state legal officers issued their challenge via a letter, provided by the office of Montana Attorney General Austin Knudsen on Friday, that was sent to 53 of the largest U.S. fund firms including BlackRock Inc and the asset-management arms of State Street Corp and JPMorgan Chase & Co. The approach has received backing from Democratic leaders including U.S. President Joe Biden, who recently used his first veto to defend a rule on ESG investing.