ENVIRONMENT

Exxon Mobil Corp. is considering a pledge to reduce its net carbon emissions to zero by 2050, according to people familiar with the matter, in what would amount to a significant strategic shift by the oil company.

A bipartisan spending bill making its way through the Senate would, among other things, prompt a report on China’s alleged forced labor practices and another on the economic impact of President Biden’s cancellation of the Keystone XL pipeline.

President Biden is proposing a return to aggressive Obama-era vehicle mileage standards over five years, according to industry and government officials briefed on the plan.

Furniture sales have surged during the pandemic, leading to major backlogs at manufacturing facilities. This means consumers around the nation should expect delays on their orders. A manufacturer in Conover, North Carolina says their shipping times used to be 8 weeks, but now it's taking them 22 weeks to send orders to customers. Industry experts say supply chain shortages are also contributing to the backlog, creating the perfect storm in recent months.

Investors managing more than $6 trillion in assets on Tuesday called for a coordinated global price on carbon and said emissions costs would need to almost treble by 2030 to reach the world's climate goals.

U.S. Special Envoy on Climate John Kerry predicted this week that to address climate change, the world would undergo an enormous economic transformation on the scale of the industrial revolution.

EXCLUSIVE: The oil and gas industry launched a new ad campaign Thursday against North Face to shine a light on the outdoor apparel company's "crazy hypocrisy."

The Latest on the G-20 summit in Hamburg (all times local): 9:25 a.m.

The Latest on the Group of 20 summit (all times local): 9:15 a.m.

The Latest on the Group of 20 summit in Germany (all times local): 9:45 a.m.

German prosecutors say they have arrested a former employee of the Volkswagen unit Audi in connection with the company's diesel scandal.