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The administration approved five U.S. LNG export licenses to serve the European market following Russia's invasion, having approved none beforehand. U.S. special climate envoy John Kerry told Reuters last year that greenhouse gas emissions were an inevitable "downside" to increasing LNG exports to European allies. CO2 emissions from the energy-intensive process of liquefying gas for export mark only one stage in the industry's overall climate impact. Critics argue that it is unclear whether the U.S. gas export boom to Europe is displacing coal or delaying a transition to renewables like solar and wind. NextDecade Corp has said its proposed terminal near Brownsville, Texas, could remove more than 90% of its expected 6.4 million tons per year of carbon emissions.
Persons: Arathy, Biden, John Kerry, Robert Fee, Critics, Alexandra Shaykevich, Sempra, Susan Richardson, Tim McLaughlin, Richard Valdmanis, Suzanne Goldenberg Organizations: Reuters, Cheniere Energy, United, U.S . Environmental Protection Agency, Federal Energy Regulatory, Biden White, LNG, The Energy Department, FERC, U.S, Energy Information Administration, Reuters Graphics, Washington, Venture Global, CCS, SEC, Talos Energy, NextDecade, Thomson Locations: Freeport, U.S, Freeport , Texas, United States, Russia, Ukraine, Europe, Texas, Cameron, Louisiana, Brownsville , Texas
REUTERS/Nathan Frandino/File Photo Acquire Licensing RightsNov 8 (Reuters) - U.S. commercial fishing groups on Wednesday sued 13 tire manufacturers in California, saying a chemical used in their tires is poisoning West Coast watersheds and killing rare trout and salmon. The fishing groups said the chemical, which becomes toxic when it degrades, is released from tires as vehicles drive around and park. The tire manufacturers did not immediately respond to requests for comment on Wednesday. In July, California's Department of Toxic Substances Control adopted a rule requiring tire manufacturers to evaluate safer alternatives to 6PPD, noting the threat to coho salmon. Together, the 13 tire manufacturers sued on Wednesday account for 80% of the domestic U.S. tire market, according to the lawsuit.
Persons: Nathan Frandino, Elizabeth Forsyth, Forsyth, Clark Mindock, Alexia Garamfalvi, Sandra Maler Organizations: REUTERS, Wednesday, Institute for Fisheries Resources, Pacific Coast Federation of Fishermen's Associations, Bridgestone Corp, Goodyear Tire &, Michelin, Environmental Protection Agency, EPA, California's Department, Toxic Substances, Thomson Locations: Lagunitas, Marin County , California, U.S, California, San Francisco federal, West
The 2025 Ram 1500 Ramcharger is expected to go on sale in late 2024 alongside a previously revealed all-electric Ram 1500 truck without a gas-powered engine or range-extending electric generator. That range compares with up to an expected 500-mile range of the all-electric Ram 1500 REV pickup. 2025 Ram 1500 Ramcharger Tungsten RamSimilar propulsion technology — referred to as extended-range electric vehicles, or EREVs — is available in overseas markets, specifically China. For the traditional Ram 1500 models, the biggest change is the company is dropping its well-known Hemi V-8. Ram's 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale in late 2024.
Persons: Ramcharger, Tim Kuniskis, Kuniskis, Stellantis, Stephanie Brinley, It's, Michael Wayland Organizations: DETROIT, U.S . Environmental Protection Agency, P Global Mobility, General Motors, Chrysler, Jeep, Fiat, U.S, Dodge, CNBC, GM, Ford Motor, Chrysler Pacifica minivan, Cherokee Locations: China, Pontiac, Mich
Saleemul Huq, a pioneering climate scientist from Bangladesh who pushed to get the world to understand, pay for and adapt to worsening warming impacts on poorer nations, died of cardiac arrest Saturday. “Saleem always focused on the poor and marginalized, making sure that climate change was about people, their lives, health and livelihoods,” said University of Washington climate and health scientist Kristie Ebi, a friend of Huq’s. Huq, who died in Dhaka, directed and helped found the International Centre for Climate Change and Development there. He was an early force for community-based efforts to adapt to what climate change did to poor nations. United Nations climate negotiators last year approved the creation of that fund, but efforts to get it going further have so far stalled.
Persons: Saleemul Huq, “ Saleem, , Kristie Ebi, Huq’s, Huq, Queen Elizabeth II, ” Huq, , Harjeet Singh, That’s, Joel Smith, he’s, ” Ebi, ” Smith, Smith, Ebi, ___, Seth Borenstein Organizations: University of Washington, International, International Institute for Environment, Development, Nations, . Environmental Protection Agency, Twitter, AP Locations: Bangladesh, Dhaka, London, England, British, Nations
(AP) — The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. “Today, EPA is taking a major step to protect people from exposure to this cancer-causing chemical.”Massachusetts Sen. Edward Markey, who has led the effort to ban TCE, welcomed the move. Political Cartoons View All 1215 Images“With this rule, we can see a future where we will no longer be manufacturing, processing and distributing a chemical known to be deadly,” Markey said. The chemical presents an “unreasonable risk of injury to health or the environment” in 52 of 54 uses in industrial and consumer products, the EPA has found. The 2016 law required the EPA to evaluate chemicals and put in place protections against unreasonable risks.
Persons: TCE, Michal Freedhoff, Massachusetts Sen, Edward Markey, ” Markey, , Anne Anderson, Jimmy, Anne, ” Anderson, Frank, Matthew Daly Organizations: Environmental Protection Agency, of Chemical Safety, , EPA, Woburn, Andersons, Chemical, Press Locations: WOBURN, Mass, U.S, United States, Massachusetts, Woburn ., America, Woburn, Washington
The EPA said it also ordered Norfolk Southern to conduct additional investigations into oily sheen, or film, on water and sediments in two creeks in East Palestine. "Through this order, Norfolk Southern will take a thorough look at the waterways to ensure there are no lasting impacts from the derailment," EPA Regional Administrator Debra Shore said. Norfolk Southern said the order "formalizes the continuation of work that has been ongoing since the derailment under a different regulatory scheme. Norfolk Southern remains cooperative, working with EPA and Ohio EPA at the site, and will continue to address derailment-related impacts in the waterways of Sulphur and Leslie Runs." In February, EPA issued a Superfund unilateral administrative order, compelling Norfolk Southern to eliminate spilled materials and contaminated soil from the location of train derailment.
Persons: Alan Freed, Leslie, Debra Shore, Leslie Runs, Sherin Elizabeth Varghese, Rahul Paswan, Leslie Adler Organizations: REUTERS, Environmental Protection Agency, Norfolk Southern Corp, EPA, Norfolk, Norfolk Southern, Ohio EPA, Thomson Locations: East Palestine , Ohio, U.S, Norfolk Southern, East Palestine, Ohio, Pennsylvania, Sulphur, Norfolk, Bengaluru
US tackles climate-warming HFC industrial gases with new rules
  + stars: | 2023-10-06 | by ( ) www.reuters.com   time to read: +2 min
Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, D.C., U.S., May 10, 2021. The EPA also issued a proposal that aims to improve how HFCs are managed and reused, setting requirements for repairing leaky equipment, rules for using reclaimed HFCs and leak detection rules for large refrigeration equipment. The two regulatory actions come after the EPA issued a final rule in July phasing down the use of HFCs by 40% below historic levels from 2024 to 2028. The Senate voted 69-27 in September last year to ratify the global Kigali amendment to the Montreal Protocol that calls for the phase-down of HFCs. Reporting by Valerie Volcovici; Editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, Ali Zaidi, Valerie Volcovici, Alexander Smith Organizations: United States Environmental Protection Agency, Washington , D.C, REUTERS, Rights, Environmental Protection Agency, EPA, Manufacturing, White, Thomson Locations: Washington ,, Kigali, Montreal, HFCs, U.S
The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsCompanies eBay Inc FollowNEW YORK, Sept 27 (Reuters) - The U.S. government on Wednesday sued eBay (EBAY.O), accusing the online platform of violating the Clean Air Act and other environmental laws by allowing the sale of several harmful products, including devices that defeat automobile pollution controls. EBay was also accused of allowing the sale of at least 23,000 unregistered, misbranded or restricted-use pesticides, violating a 2020 "stop sale" order from the U.S. Environmental Protection Agency. "EBay has the power, the authority, and the resources to stop the sale of these illegal, harmful products on its website," the complaint said. "Indeed, eBay is blocking and removing more than 99.9% of the listings for the products cited by the DOJ, including millions of listings each year."
Persons: Dado Ruvic, Jonathan Stempel, Sharon Singleton, Bill Berkro Organizations: eBay, REUTERS, U.S, Wednesday, EBay, The, Justice, U.S . Environmental Protection Agency, DOJ, Thomson Locations: Brooklyn , New York, U.S, San Jose , California, New York
Only 60 of those victims had been identified as of Thursday, according to the Maui Police Department. Tim Laborte's stepfather, Joseph Lara, was killed in the fire, his body found a short drive from Lara's house in his native Lahaina. [1/3]A Combined Joint Task Force 50 (CJTF-50) search, rescue and recovery member conducts search operations of areas damaged by Maui wildfires in Lahaina, Hawaii, U.S. August 15, 2023. "The people of Maui must have as much time as they need to heal and recover and will begin to rebuild only when they are ready," Green said. "I want to emphasize this again: The land in the Lahaina is reserved for its people as they return and rebuild."
Persons: Josh Green, Tim Laborte's, Joseph Lara, Laborte, Matthew A, Foster, Handout, Green, Jonathan Allen, Stephen Coates Organizations: Maui Police Department, Officials, Force, U.S . Army National Guard, Staff, REUTERS, Hawaii's Department of Health, Environmental Protection Agency, U.S . Army Corps of Engineers, Federal Emergency Management Agency, Thomson Locations: Maui, Hawaii, Lahaina, Lahaina , Hawaii, U.S, Hawaiian, New York
A Month After Deadly Maui Fire, 66 People Still Missing
  + stars: | 2023-09-08 | by ( Sept. | At P.M. | ) www.usnews.com   time to read: +3 min
Only 60 of those victims had been identified as of Thursday, according to the Maui Police Department. Tim Laborte's stepfather, Joseph Lara, was killed in the fire, his body found a short drive from Lara's house in his native Lahaina. Hawaii's Department of Health, which issues death certificates in the state, did not respond to questions about how officials are certifying the fire's victims. "The people of Maui must have as much time as they need to heal and recover and will begin to rebuild only when they are ready," Green said. "I want to emphasize this again: The land in the Lahaina is reserved for its people as they return and rebuild."
Persons: Jonathan Allen, Josh Green, Tim Laborte's, Joseph Lara, Laborte, Green, Stephen Coates Organizations: Reuters, Maui Police Department, Officials, Hawaii's Department of Health, Environmental Protection Agency, U.S . Army Corps of Engineers, Federal Emergency Management Agency Locations: Maui, Hawaii, Lahaina, U.S, Hawaiian, New York
Lawsuits are piling up in court over liability for the inferno, and businesses across the island are fretting about the loss of tourism. Maui County Police Chief John Pelletier has repeatedly pleaded for patience as authorities try to verify who is missing, who has been accounted for and who has died. Among the lawsuits is one by Maui County accusing the utility of negligently failing to shut off power despite exceptionally high winds and dry conditions. On Monday the father of a 57-year-old woman who died while trying to escape the fire filed suit against defendants including Maui County, the state and Hawaiian Electric. The state said it was reviewing it, and Hawaiian Electric declined to comment.
Persons: Richard Bissen, Joe Biden, John Pelletier, Josh Green, , ” ___, Sen, Brian Schatz, , Schatz, Green, Oprah Winfrey, Dwayne Johnson, ___, Jason Momoa, Steven Tyler, ” Tyler, ___ Johnson Organizations: Maui County Police, Police, FBI, Gov, Twitter, Hawaii Electric Company, Hawaii Electric, Electric, Representatives, Hawaiian Electric, Lawyers, Hawaii U.S, Cross, Federal Emergency Management Agency, FEMA, . Environmental Protection Agency, Officials Locations: HONOLULU, Maui, Maui County, Lahaina, Hawaii, MAUI, Philadelphia, Seattle
8 easy — and cheap — ways to cut your carbon emissions
  + stars: | 2023-08-30 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +7 min
Here are some easy — and inexpensive or no-cost — ways to reduce your carbon footprint today, according to efficiency and environmental experts. As such, the average household saves about $225 in energy costs per year by switching to LED lighting, the Energy Department said. Cut food wasteErlon Silva - Tri Digital | Moment | Getty ImagesThe average American wastes more than 400 pounds of food a year. A washing machine spends 90% of its energy to heat water, for example, the Consumer Federation of America said. Even putting something like a brick in your toilet tank will displace — and therefore save — water.
Persons: Katharine Hayhoe, Keoleian, Jose Luis Pelaez, Hayhoe, Oscar Wong, Tom Werner, Digitalvision Organizations: Nature Conservancy, Texas Tech University, U.S . Department of Energy, Energy Department, Silva, Tri, Environmental, Agency, Consumer Federation of America, Public, Getty Locations: U.S
Bill Gates has spent years, and billions of dollars, working to combat climate change. But, according to Gates, most people are still unaware of the role played by one of the biggest contributors to climate change: agriculture, specifically methane emissions from livestock and fertilizers. While plant-based foods have won support from those looking for alternatives to products made from animals, Gates said that he started backing plant-based food ventures because of their potential to combat climate change. In his 2021 book, "How to Avoid a Climate Disaster," Gates wrote that effectively combating climate change will take people being willing to commit to new ideas, like switching to electric cars and synthetic meats. Speaking to Thompson about the plant-based meat startups, like Impossible, Gates said that "they're doing well, but a lot of people want him to make [the product] even slightly better."
Persons: Bill Gates, Gates, Ahmir, Thompson, Barack Obama, Warren Buffett Organizations: U.S . Environmental Protection Agency, MIT Technology Locations: Gates, Philadelphia, U.S
Fox News hosted the Republican Party’s first primary debate ahead of the 2024 presidential election, with party front-runner Donald Trump absent from Wednesday night’s lineup. Reuters Fact Check examined five statements made during the debate. The debt rose to about $27.8 trillion when he left office on Jan. 20, 2021, representing a $7.9 trillion increase (here). After fetal viability, abortion is allowed in all three states if the pregnant person’s life or health is threatened, according to state legislation. After 24 weeks, abortion is permitted in New York if the pregnant person’s mental health is at risk (here).
Persons: Republican Party’s, Donald Trump, Ron DeSantis, Mike Pence, Vivek Ramaswamy, Nikki Haley, “ Donald Trump, ” – Nikki Haley, Tim Scott, Chris Christie, Hunter Biden, Biden Organizations: Fox News, Republican, United Nations, U.S . Environmental Protection Agency, New Jersey, Attorney’s, District of, Reuters, Florida Department of Law, Marshall Locations: U.S, America, South Carolina, California , New York, Illinois, California, New York, In Illinois, District, District of Delaware, Florida ”, Florida
This undated handout image shows the carbon sequesterization unit at American Electric Power Company's Mountaineer Plant near New Haven, West Virginia. REUTERS/Tom Dubanowich/Handout /File PhotoAug 8 (Reuters) - U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions from the electricity sector is unworkable, relying too heavily on costly technologies that are not yet proven at scale. Proposed in May, the EPA plan would for the first time limit how much carbon dioxide power plants can emit, after previous efforts were struck down in court. Industry is particularly concerned about proposed standards for existing natural gas power plants, saying those facilities would be hard to retrofit with CCS, or hydrogen, due to space constraints and other limitations. The EPA's proposal had been crafted to reflect constraints the Supreme Court imposed on the agency after it ruled an Obama-era power plant proposal went too far by imposing a system-wide shift from fossil fuels to renewable energy.
Persons: Tom Dubanowich, Biden, EEI, Joe Biden, Jim Matheson, Nichola Groom, Valerie Volcovici, Sharon Singleton, Marguerita Choy Organizations: American Electric Power, Edison Electric Institute, U.S . Environmental Protection Agency, EPA, Task Force, Natural Resources Defense, National Rural Electric Cooperative Association, Labor, United Mine Workers of America, International Brotherhood of Electricity Workers, Thomson Locations: New Haven, West Virginia, U.S, Baltimore, Los Angeles, Washington
He expected to get something close to the electric sport sedan's advertised driving range: 353 miles on a fully charged battery. The directive to present the optimistic range estimates came from Tesla Chief Executive Elon Musk, this person said. Driving range is among the most important factors in consumer decisions on which electric car to buy, or whether to buy one at all. Electric cars can lose driving range for a lot of the same reasons as gasoline cars — but to a greater degree. Independent automotive testers commonly examine the EPA-approved fuel-efficiency or driving range claims against their own experience in structured tests or real-world driving.
Persons: Daniel Acker, Alexandre Ponsin, Tesla, Elon Musk, Elon, Scott Case, Case, Gregory Pannone, Pannone, carmaker, Ford, Jonathan Elfalan, Edmunds, Elfalan, They've Organizations: Tesla Motors Inc, North American, Bloomberg, Getty, Reuters, Tesla, South, Environmental Protection Agency, EPA, Ford, Chevrolet, Hyundai Kona, National Science Foundation, SAE International, U.S, Porsche, Benz, EV, Independent, General Motors, Hyundai, Korea Fair Trade Commission, Service Locations: Detroit , Michigan, Colorado, California, Las Vegas, Austin , Texas, Nevada, U.S, Seattle, Vegas, Henderson, Utah
He expected to get something close to the electric sport sedan’s advertised driving range: 353 miles on a fully charged battery. Driving range is among the most important factors in consumer decisions on which electric car to buy, or whether to buy one at all. Electric cars can lose driving range for a lot of the same reasons as gasoline cars — but to a greater degree. The EPA said all the changes to Tesla’s range estimates were made before the company used the figures on window stickers. Independent automotive testers commonly examine the EPA-approved fuel-efficiency or driving range claims against their own experience in structured tests or real-world driving.
Persons: Alexandre Ponsin, , Tesla, Elon Musk, “ Elon, Scott Case, Case, Gregory Pannone, Pannone, “ They've, carmaker, Ford, I’m, ” Pannone, ” Jonathan Elfalan, Edmunds, Elfalan, ” Elfalan, Santa Clara –, Ponsin, ” Ponsin, , Steve Stecklow, Norihiko, Heekyong Yang, Peter Henderson, Eve Watling, Lucy Ha, Ilan Rubens, Brian Thevenot Organizations: Reuters, Tesla, South, Environmental Protection Agency, EPA, Ford, Chevrolet, Hyundai Kona, National Science Foundation, SAE International, U.S, Porsche, Benz, EV, Independent, General Motors, Hyundai, Korea Fair Trade Commission, Virtual Service, Santa, San Francisco Art Locations: AUSTIN, Texas, Colorado, California, Las Vegas, Austin , Texas, Nevada, U.S, Seattle, Vegas, Henderson, Utah, Santa Clara, London, Austin, Seoul, San Francisco
The proposed deal would provide funds over a 13-year period to cities, towns and other public water systems to test and treat contamination of PFAS. They also said the deal could shift liability for future health concerns caused by PFAS from 3M onto the water systems themselves. That means the chemical maker could potentially seek compensation from the water systems in future litigation over things like PFAS-related cancer clusters, the states said. 3M, which is facing thousands of lawsuits over PFAS contamination, did not admit liability in the proposed settlement. It said in June that the money will help support remediation at public water systems that detect PFAS "at any level."
Persons: Scott Summy, , Rob Bonta, Richard Gergel, Clark Mindock, Amy Stevens, Aurora Ellis, Diane Craft Organizations: 3M, District of Columbia, PFAS, U.S, District, New, U.S . Chamber, Environmental Protection Agency, EPA, Thomson Locations: U.S, California, Texas , New York, South Carolina, United States, New York State
(This story was corrected on July 27, 2023, to clarify that genetically modified mosquitoes were not released in Texas. The modified mosquitoes, which were released only in Florida, were all male, and only female mosquitoes feed on blood, which is how they transmit the malaria parasite from person to person, a mosquito-control expert said. Moreover, Markowski noted, only female mosquitoes “blood feed,” which needs to happen to transmit diseases like malaria, and the only genetically modified mosquitoes released are males, which feed only on plant juices and therefore cannot transmit malaria (explained further here). Reuters has previously addressed misinformation about uses of genetically modified mosquitoes (here), (here) and (here). Recent cases of malaria in the U.S. could not have been caused by the release of genetically modified mosquitoes.
Persons: they’re, Aedes aegypti, Daniel Markowski, Markowski, Oxitec, Joshua Van Raalte, “ Oxitec, Read Organizations: Oxitec, U.S . Environmental Protection Agency, EPA, Reuters, U.S . Centers for Disease Control, Prevention, CDC, American Mosquito Control Association Locations: Texas, Florida, Harris County , Texas, U.S, BioNTech, Florida and Texas, Saharan Africa, South Asia
The release of genetically modified mosquitos in Florida and Texas could not have caused recent cases of malaria detected in the U.S., as suggested in social media posts. The OX5034 mosquitos developed by Oxitec were approved by the U.S. Environmental Protection Agency in 2020 for pilot testing (here). Markowski noted that only female mosquitos “blood feed,” which needs to happen to transmit diseases like malaria, and the only genetically modified mosquitos being released are males, which feed only on plant juices and therefore cannot transmit malaria (explained further here). Reuters has previously addressed misinformation about uses of genetically modified mosquitos (here), (here) and (here). Recent cases of malaria in the U.S. could not have been caused by the release of genetically modified mosquitos.
Persons: they’re, mosquitos, Daniel Markowski, Markowski, Read Organizations: Oxitec, U.S . Environmental Protection Agency, Reuters, U.S . Centers for Disease Control, Prevention, CDC, American Mosquito Control Association Locations: Florida, Texas, U.S, BioNTech, Florida and Texas, Saharan Africa, South Asia
How EV range is determined and why the process is flawed
  + stars: | 2023-07-22 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +1 min
The official government process used to test and certify those ranges has potential flaws. The U.S. Environmental Protection Agency has been testing vehicles since 1971, but only started testing EVs in 2012. EPA Engineers say these are exciting times, but it can also feel like the "wild west." The fact that it can test any vehicle at any time forces automakers to meet EPA standards. But independent groups have found that their own tests yield results that are different from official EPA range ratings.
Organizations: Environmental Protection Agency, EPA Engineers, EPA Locations: U.S
Trump, the former Republican president seeking a return to office in 2024, said Democrat Biden was "waging war on the U.S. auto industry" through "crippling" electric vehicle mandates and urged the UAW to endorse him. Biden's campaign responded that Trump was "the most anti-union president in modern history, stacking his cabinet with anti-union officials." Trump said he advocated trade policies to help U.S. autoworkers during his presidency, including renegotiating trade deals. Biden's campaign said that he supported incentives that helped dramatically add more U.S. electric vehicle and battery production. Earlier this month the UAW called on the Biden administration to soften its proposed vehicle emissions rules.
Persons: Donald Trump, Joe Biden, Trump, Biden, Biden's, Shawn Fain, Fain, David Shepardson, Matthew Lewis Organizations: United Auto Workers, Republican, U.S, UAW, autoworkers, General Motors, Ford Motor, Chrysler, Republicans, U.S . Environmental Protection Agency, EPA, Thomson Locations: United States, Washington
REUTERS/Brendan McDermid/File PhotoJuly 18 (Reuters) - AT&T (T.N) said on Tuesday it does not intend to immediately remove lead cables from Lake Tahoe pending further analysis, according to its court filing. AT&T on Tuesday harshly criticized the newspaper's reporting and testing, saying it "differs dramatically from the expert testing commissioned by AT&T." In Tuesday's court filing, AT&T argued that lead-clad cables "make up a small part" of its network. EDF's goal was to use scientifically sound principles to determine the extent that lead-clad cables may pose health risks. We did not pick the lab - the Wall Street Journal did that."
Persons: Brendan McDermid, Tom Neltner, Neltner, David Shepardson, Chris Reese, Matthew Lewis, Muralikumar Organizations: New York Stock Exchange, REUTERS, Journal, AT, Wall, EPA, . Environmental Protection Agency, Environmental Defense Fund, Environmental Defense, Safer Chemicals, Reuters, EDF, Marine Taxonomic Services, Street, Thomson Locations: New York, U.S, Tahoe, California, Nevada, Washington
Post-it maker 3M is in danger of coming unstuck
  + stars: | 2023-07-19 | by ( Jeffrey Goldfarb | ) www.reuters.com   time to read: +10 min
There will be up to $1.5 billion of costs related to separating the health care business, 3M has said. Its interest cover, after backing out estimated operating income from health care, would fall to about 4 times from 11 times. And its net debt, using all these assumptions and excluding the health care division, would swell to nearly 5 times EBITDA from less than 2 times. Back out $2.5 billion from health care, as estimated by the Morgan Stanley team, and $1.5 billion of capital expenditure costs noted by Wolfe Research. For example, the water settlement, as drafted, only envisions $4.6 billion of outlays through 2025, and the rest over the ensuing 11 years.
Persons: Mike Roman, Roman, Sackler, Johnson, Aearo, , Morgan Stanley, Smith, Nephew, Lauren Silva Laughlin, Streisand Neto Organizations: YORK, Reuters, U.S . Environmental, Purdue Pharma’s, Association of Metropolitan Water Agencies, Bayer, Monsanto, Aearo Technologies, Partners, Honeywell International, Siemens, 3M, Refinitiv, Reuters Graphics, Wolfe Research, Thomson Locations: . Oregon, Republic, Corning
WASHINGTON, July 14 (Reuters) - The U.S. Environmental Protection Agency on Friday launched two competitive grant programs with $20 billion in funding that aim to spark clean energy investments across the country especially in low-income communities. A $6 billion Clean Communities Investment Accelerator competition will provide grants to support up to seven nonprofit groups that will deliver funding and technical assistance to build the clean financing capacity of local lenders working in lower income and disadvantaged communities. Not everyone supports the green bank, which stemmed from the IRA legislation's $369 billion in incentives for fighting climate change that no Republicans voted for. In June, the administration launched a $7 billion grant program to give low-income communities access to residential solar panels. The deadline for applying to the programs launched on Friday is Oct. 12.
Persons: Joe Biden's, Kamala Harris, Michael Regan, Gary Palmer, Timothy Gardner, Lincoln, Frances Kerry Organizations: Environmental Protection Agency, Reduction, Clean Investment, Communities Investment, Republicans, U.S, Thomson Locations: Michigan, Maryland
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