Environment

Europe wants to use Russia’s assets to pay for Ukraine’s reconstruction — here’s how it might work

The European Union is getting closer to brokering a detailed plan on how to use frozen Russian assets to pay…

Biden sends firefighters, aid to Canada as wildfire smoke blankets much of the U.S.

WASHINGTON — President Joe Biden on Thursday assured Americans the government was aiding Canada in fighting the wildfires that have cloaked…

Heavy fighting underway in eastern Ukraine; Kyiv calls for help as first flood deaths reported

This has been CNBC’s live blog covering updates on the war in Ukraine. [Follow the latest updates here.] Ukraine called for…

Kakhovka dam flooding set to peak; Kyiv says it’s on offensive in Bahmut

This was CNBC’s live blog tracking developments on the war in Ukraine. See here for the latest updates.  Ukraine is…

Ukraine and Russia blame each other for breaching dam in Kherson region; 1,300 residents evacuated so far

This was CNBC’s live blog tracking developments on the war in Ukraine. See here for the latest updates.  Emergency evacuations…

Drones hit Moscow buildings; Kyiv attacked by third Russian bombardment in 24 hours

This has been CNBC’s live blog covering updates on the war in Ukraine. [Follow the latest updates here.] Drones hit several…

State leaders targeting climate investing have quiet stakes in the fossil fuel industry

In October, Scott Fitzpatrick, then-treasurer of Missouri, announced his state would pull $500 million out of pension funds managed by…

Are gas-powered or electric vehicles a better deal? EVs may win out in long run, experts say

Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental…

Volkswagen takes on China’s EV market with a higher-end car and $1 billion investment

BEIJING — German automaker Volkswagen is investing about $1 billion in China for electric car development, and releasing a vehicle…

Fewer new cars qualify for $7,500 electric vehicle tax credit. Here are 2 alternatives

The number of new electric vehicles eligible for a $7,500 federal tax credit fell by almost half on Tuesday, as…