February 21, 2022 archive

From oil and gas to fast food—it’s Icahn’s latest battle

  Billionaire investor Carl Icahn is at it again. After taking over Oklahoma-based SandRidge energy a few years ago followed by CVR Energy, he’s now attempting to land two seats on the McDonald’s board of directors. His proxy effort against McDonald’s came after Icahn slammed the fast-food restaurant chain for its handling of pigs in …

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Lawsuit prompts Biden administration to freeze new drilling

  In a weekend announcement, the Biden administration said it will suspend any decisions about new oil and gas drilling in the middle of a legal fight with 10 Republican states over how to calculate the cost of fossil fuel-driven climate change. The original lawsuit was brought by Louisiana, Alabama, Florida, Georgia, Kentucky, Mississippi, South Dakota, …

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