The Government will end support for fossil fuel projects overseas, the prime minister will announce on Saturday, as it emerged that £50m in taxpayers money was used to support Russian coal mining last year. The UK will become the first major economy to end taxpayer backing for overseas oil and […]
fossil
Trump banking proposal on fossil fuels sparks backlash from libertarians
A new Trump administration proposal that could push more banks to finance fossil fuel activities is creating divisions in conservative circles as free market groups decry the move as government overreach. The proposed rule, which would put limitations on banks that try to exclude entire industries like oil and gas […]
On The Money: Democrats accuse Mnuchin of sabotaging economy in dispute with Fed | Trump administration proposal takes aim at bank pledges to avoid fossil fuel financing | JPMorgan: Economy will shrink in first quarter due to COVID-19 spike
Happy Friday and welcome back to On The Money, where we’re wondering what fast food burger could possibly be worth a 12-hour wait. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line. See something I missed? Let me know at [email protected] […]