The city of Baltimore, Maryland, just filed suit against a long list of major oil and gas companies for the “potentially catastrophic” damage caused by the global climate crisis – very much the result of fossil fuel emissions.
Google was just fined €4.34 billion ($5.06 billion) for multiple antitrust concerns involving its Android operating system and associated applications. It is the biggest fine yet against the tech giant and comes amidst growing demands Google should be broken up.
The Bureau of Ocean Energy Management announced the sale next month of almost all unleased acreage in the Gulf of Mexico for oil drilling. A lawsuit just filed by three environmental groups is trying to block the sale before it is too late.
The European Union is aggressively moving to protect EU firms from the impact of U.S. sanctions against Iran going into effect in August. It just endorsed the update of its Blocking Law, which would put the EU and the U.S. on a hard political and economic collision course in early August.
While the U.S. continues to escalate its trade wars, Japan and the European Union will on July 17 sign off on an agreement to eliminate most tariffs between them. It will create a new trading block representing almost a third of the world’s GDP.