Bloomberg Russia will start its first trial of a marketplace to trade carbon credits on the remote Far East region of Sakhalin starting next year, as the world’s largest energy exporter faces criticism for being slow to reduce greenhouse-gas emissions. The goal is to have the region become carbon neutral by 2025, Deputy Economy Minister Ilya Torosov said in an ...

Bloomberg Mexican President Andres Manuel Lopez Obrador sent a bill to congress that seeks to give state oil company Petroleos Mexicanos greater control over fuel prices, distribution, imports and marketing, his spokesman said. The proposal would modify the country’s hydrocarbon law to allow the Energy Ministry and main regulator to suspend permits “with the goal of guaranteeing the interests of ...

With broad swaths of the US economy locked down for more than a year, those with good-paying jobs have had fewer opportunities to spend. The result is the highest saving rate on record and an estimated $1.7 trillion stockpile of pandemic savings. It’s widely assumed — and even encouraged — that consumers will spend a good portion of that money ...