Harvard University says it will stop investing its $41.9 billion endowment in the fossil fuel industry, citing the threat of climate change. Activists have called on the university to do so for years.
The Biden administration is expected to be sued over its ban on new oil and gas leasing on federal land. In top fossil fuel states like Wyoming, cuts to services and mass layoffs were already looming.
The pandemic massively reduced the world's consumption of oil. Now two influential reports suggest that this state of affairs will continue well into 2021 — if not longer.