Trump Accounts could teach capitalism to young Americans, Treasury official says

A report says the Trump administration used taxpayer dollars and pollution allowances to support about half of U.S. coal plants. The measures may extend coal operations, increase emissions, and shift environmental and financial costs onto the public.

Countries are on track to miss global nature targets, prompting growing calls to reform COP summits. Critics dismissed the current process as a “bunch of baloney” and urged changes to improve accountability and implementation. The push matters because weak follow-through could undermine international efforts to protect biodiversity.

Elon Musk spent $446 million on the US midterms, according to a Guardian visualization of the spending. The outlay underscores the outsized role of billionaire donors in American elections and why campaign finance remains a major political issue.

George Zimmer, a wealthy California entrepreneur, argues in a Guardian opinion piece that a billionaire tax would be a win for everyone. The article adds to the policy debate over taxing the ultra-wealthy in California.

Nine big oil companies are on track to share more than $95bn in profits for a second consecutive quarter, according to The Guardian. The scale of the earnings highlights persistent fossil-fuel profitability and could intensify scrutiny over energy prices, taxation, and climate policy.