House Democratic leader Nancy Pelosi said Friday that the climate panel she's setting up as Democrats assume House control will be called the Select Committee on the Climate Crisis and confirmed that Rep. Kathy Castor (D-Fla.) will chair the select committee. Other details of its jurisdiction, makeup and operations remain outstanding.
Why it matters: The "crisis" name is a clear nod to the mounting scientific findings about the ongoing and expected harms that will unfold without steep worldwide emissions cuts.
Larry Ellison, founder and chief technology officer of Oracle, has been brought on as a new board member for Tesla, the company announced on Friday.
The big picture: Tesla was required by a settlement made with the Securities and Exchange Commission to add two new independent directors. Ellison is "a big believer in Tesla's mission, having purchased 3 million shares earlier this year," the announcement says. The second independent director brought on board is Kathleen Wilson-Thompson, former Kellogg executive and head of HR at Walgreens Boots Alliance.
Regulation is a dirty word in most Republican administrations, and President Trump has taken a hatchet to federal rules that he says kill jobs, cost money and give Washington bureaucrats too much power.
The catch: While this may be music to some large industries' ears, there are a number of sectors that are pleading with the feds to impose new rules. Without them, they say, their industries can't grow — and what's bad for business is bad for the economy.
