A Data Center Is Getting a $77 Million Tax Break. It Promises to Create 1 Job.

On a February morning in 2024, a little-known agency in Rockland County held a public hearing on a proposed subsidy for the expansion of a JPMorganChase data center in Orangeburg, near the New Jersey border. In return for nearly $77 million in tax breaks, the project promised to create exactly one permanent job. No one showed up. After 20 minutes of silence, an agency official called the…
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Big Banks Poured $2B Into Oil and Gas Financing in the Amazon Since Last Year

A day after the Brazilian state-run oil firm Petrobras announced it would begin drilling for oil near the mouth of the Amazon River “immediately” after obtaining a license despite concerns over the impact on wildlife, an analysis on Tuesday revealed that banks have added $2 billion in direct financing for oil and gas in the biodiverse Amazon Rainforest since 2024. The report from Stand.
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