RIYADH, Saudi Arabia — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country's economy depends on. The shares' 10% rally...
Bloomberg at UN: US President Must End Fossil Fuel Subsidies
MADRID — The next U.S. president should stop subsidizing fossil fuels to help tackle climate change, billionaire Michael Bloomberg said Tuesday, highlighting an issue that is the central pillar of his bid for the Democratic nomination in the 2020 presidential race. Bloomberg, who launched his presidential campaign less than three weeks ago,...
US Court Weighs if Climate Change Violates Children's Rights
PORTLAND, Ore. — In a courtroom packed with environmental activists, federal judges wrestled Tuesday with whether climate change violates the constitutional rights of young people who have sued the U.S. government over the use of fossil fuels. A Justice Department attorney warned three judges from the 9th U.S. Circuit Court...
Brown Signs Bill Phasing Fossil Fuels Out of Electricity
SACRAMENTO — California has set a goal of phasing out electricity produced by fossil fuels by 2045 under legislation signed Monday by Gov. Jerry Brown. Brown, who has positioned California as a global leader in the effort to reduce greenhouse gas emissions, approved the measure as he prepares to host...