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While several Republican lawmakers have called on President Joe Biden to increase domestic energy production in the wake of rising gas prices, energy experts warn that doing so could be detrimental to climate action goals that the U.S. is already not living up to. As of June 30, the American Automobile Association reported that the average price for gas sat at nearly $4.857 per gallon across the nation, leading some members of Congress to blame the Biden administration's "war on American energy" and restrictive policies for oil companies. But climate activists and progressives argue against the call to increase domestic production of oil, saying that doing so could undermine the president's climate-focused agenda and calls for transition to cleaner energy. Samantha Gross, director of the Energy Security and Climate Initiative at the Brookings Institution, told Newsweek that the two sides put Biden in a "real pickle" and that any policies moving forward will require a … [Read more...] about Increasing U.S. oil production could set climate efforts back decades

Bus giant Stagecoach said it has “firmly returned to growth” following recovering customer demand after the pandemic as revenues rose to £1.2 billion. The group saw underlying pre-tax profits more than double to £44.1 million for the year to April 30, up from £17 million the previous financial year, with revenues up 27%. The transport firm added that passenger journeys and commercial sales were at roughly 81% and 91% of pre-Covid levels, respectively, for the week ended June 18. The figures come just days after German asset manager DWS completed its takeover of Stagecoach in a deal worth £595 million. Recommended Trump ordered armed supporters to Capitol, lunged for steering wheel Metropolitan Police placed under special measures by watchdog Martin Griffiths, Stagecoach Group chief executive, said: “I am pleased to report that we have firmly returned to growth in the full year. “We are in a good financial position, supported by … [Read more...] about Stagecoach notches up revenues of £1.2 billion as bus demand recovers

Culture Art Relax. They didn't come from Mars or some distant, undiscovered galaxy. The 10 aliens (and their 24 tents) that appeared in the backcountry of Santa Barbara, California, in late January were conceived in the backyard of a hedge-fund manager turned yarn bomber. "Yarn bombing," for those out of the loop, is a public and oft-times guerrilla art form in which all kinds of objects, from parking meters to hulking vehicles, get covered in brightly covered yarn. Some may remember the Mexico City bus stitched over in 2008 by Magda Sayeg, often called the "mother of yarn bombing." Typically, yarn bombers ply their craft in urban areas for maximum exposure. But Steve Duneier, a 47-year-old Brooklyn, New York, native, is bringing it to the wild. "My goal is to draw more people into the wilderness, which I do by detonating massive, colorful yarn bombs in nature," says Duneier. (For the record, this project can't really be termed guerrilla, since he got a permit from the Los … [Read more...] about The Guerrilla Art of the Yarn Bomb Goes Natural

The United States on Thursday blocked a US-based company worth more than $1 billion linked to Russian oligarch Suleiman Kerimov, saying the ally of President Vladimir Putin used it to funnel and invest shadowy funds. The Treasury Department said that Kerimov, a billionaire active in Russian politics, secretly managed the Delaware-based Heritage Trust which put its money into a number of large public companies. Heritage Trust, set up in 2017, brought money into the United States through shell companies and under-the-radar foundations established in Europe, Treasury Department officials said. Treasury Secretary Janet Yellen vowed that the United States would keep taking action “even as Russian elites hide behind proxies and complex legal arrangements.” The United States will “actively implement the multilaterally coordinated sanctions imposed on those who fund and benefit from Russia’s war against Ukraine,” she said in a statement. The action comes weeks after Fiji handed to … [Read more...] about Washington Blocks More Than $1 Billion in Russian Oligarch’s US Assets