The Second Circuit Court of Appeals ruled on Tuesday that Deutsche Bank and Capital One must comply with a congressional subpoena for President Trump, his children and his company's financial records.
The backdrop: Trump filed an appeal in August after a New York district judge declined to block the subpoenas, which were issued by the House Intelligence and Financial Services committees in April as part of an investigation into foreign influence. Deutsche Bank said in a letter in October that while it has some of the records sought by the House, it is not in possession of the president's tax returns.
Concerns over climate change will reduce the amount of capital available for private equity investments in fossil fuels, according to a recent survey by Coller Capital.
By the numbers: 38% of responding limited partners say they will reduce their commitments to oil and gas funds over the next five years.
Oil-and-gas giant Repsol yesterday pledged to achieve net-zero carbon emissions by 2050 — becoming the first oil major to make a specific net-zero commitment (albeit a non-binding one).
Why it matters:Bloomberg notes that it's the "most ambitious attempt yet by an oil major to align itself with the Paris climate goals."
After sailing on a catamaran for three weeks from New York City, teen climate activist Greta Thunberg arrived in Lisbon, Portugal, on Tuesday, AP reports.
Why it matters: Her trip comes as a new scientific report says there is more evidence than ever that the world is getting warmer, per AP. Thunberg opted to take an emission-free catamaran to travel back and forth between the U.S. and Europe ahead of significant climate summits.
A new simulator out today empowers readers to choose their own adventure when it comes to tackling climate change.
Why it matters: The tool, created by the Massachusetts Institute of Technology and think tank Climate Interactive, underscores the grand challenge of employing technologies and policies to tackle climate change.
A seemingly unrelenting early winter storm that's been blamed for several deaths and caused travel chaos across the U.S. over the past week is now dumping heavy snow as it pummels the Northeast.
Los Angeles officials and partners launched a low-carbon transportation plan that's aimed, among other things, at having electric vehicles account for 80% of vehicles sold and 30% of vehicles on the road in 2028.
Why it matters: The "roadmap" unveiled last week is the latest effort among major cities to move toward more climate-friendly transit options.
COP25, a big United Nations climate summit, opens Monday in Madrid, Spain.
Why it matters: It follows fresh reports in recent days showing how the world is far off track from even beginning the steep emissions cuts needed to meet the Paris agreement's goals.
OPEC and Russia — among other allied producers — will gather in Vienna late this week to decide the future of their supply-limiting deal.
Why it matters: The OPEC+ group is struggling to prop up prices amid growing supplies from the U.S. and elsewhere, as well as rather soft demand and trade conflicts.
Forget renewable energy for a moment. To really fight climate change, the world needs to focus far more on cutting its use of oil, natural gas and coal.
The big picture: Like adding salad to your pasta doesn’t help you lose weight, adding cleaner energy to a world run on fossil fuels won’t cut greenhouse gas emissions. Yet that’s what we’re doing now.
A trans-continental winter storm moving into the Northeast Sunday is tormenting travelers and being blamed for multiple deaths, AP reports.
What's happening: The National Weather Service issued winter storm warnings for upstate New York and New England, where nearly a foot of snow was expected to fall. Ice accumulations were forecast for parts of Pennsylvania and California was also under a storm warning, with the Bay Area bracing for "a foot of total rainfall between Saturday and Wednesday morning," per the Los Angeles Times.
