NEWS OF THE DAY: U.S. Wins International Backing for Global Minimum TaxPaul Hannon, Kate Davidson, The Wall Street Journal, July 1, 2021 Officials from 130 countries agree to broad outlines of wider overhaul of rules for taxing international companies The U.S. has won international backing for a global minimum rate of tax as part of a wider overhaul of the rules for taxing … read more

NEWS OF THE DAY: Exclusive: White House signals “clean” standard push in budget reconciliationBen Geman, Axios, June 30, 2021 The White House hopes to use the filibuster-proof budget reconciliation process to mandate that power companies supply escalating amounts of zero-carbon electricity, according to a memo from two top aides obtained by Axios. Why it matters: The policy, called a “clean energy standard,” is … read more

NEWS OF THE DAY: Democrats in Oil Country Worried by Party’s Natural-Gas AgendaSiohban Hughes, Aaron Zitner, The Wall Street Journal, June 29, 2021 Democratic Party progressives are pushing President Biden to include in his infrastructure agenda stringent measures to address climate change, including policies designed to end the nation’s reliance on natural gas as a fuel source. The more the … read more