At a factory in Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colors, pile up on a workroom floor. Jacket sleeves, collars and brand labels protrude from the stacks as workers feed the garments into shredding machines.

It’s the first stage of a new life for the textiles, part of a recycling effort at the Wenzhou Tiancheng Textile Company, one of the largest cotton recycling plants in China.

The administration of President Joe Biden announced Wednesday that it has awarded $1.8 billion in grants for infrastructure projects. The investment's plan includes 148 projects across the U.S.

The program Rebuilding American Infrastructure with Sustainability and Equity (RAISE) was the source of the massive infrastructure grants. The program received funding from the Bipartisan Infrastructure Law, which led to its expansion. The Biden administration has already reached 550 total grants, taking into consideration the inclusion of the grants from the announcement.

US electric vehicle maker Fisker has filed for bankruptcy after a funding deal with a large carmaker fell through — the latest EV maker to succumb to the struggles facing the sector.

The company, founded in 2016 by veteran luxury car designer Henrik Fisker, said late on Monday that “various market and macroeconomic headwinds” had “impacted our ability to operate efficiently”.

Congressional Republicans alleged this week that a vast left-wing conspiracy in the machinery of corporate governance is pushing a progressive agenda.

A House Judiciary Committee report accused blue-state pension funds, climate nonprofits, global alliances, activist investors, and giant money managers including BlackRock and Vanguard, of forming an illegal cartel to force companies to cut their carbon emissions, set diversity quotas, and curb their political contributions.

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions.

The report is the first of its kind produced by the Republican-led Judiciary Committee in the House of Representatives since it launched an investigation in late 2022 into whether corporate efforts to tackle climate change violate antitrust laws.

The White House on Wednesday plans to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change.

The suite of actions, which weren't previously reported, are aimed at helping the nuclear power industry combat rising security costs and competition from cheaper plants powered by natural gas, wind and solar.