Latest from Douglas MacMillan

Longer, more frequent outages afflict the U.S. power grid as states fail to prepare for climate change

State officials are reluctant to ask ratepayers to foot the bill for investments experts say are needed to fortify the grid against increasingly severe weather.
  • Oct 24, 2021

Despite spills and air pollution, fossil fuel companies award CEOs for environmental records

Marathon Petroleum’s former CEO got a $272,000 bonus for surpassing environmental goals the same year the company spilled 1,400 barrels of oil in an Indiana creek.
  • Oct 10, 2021

A private company got federal approval to store nuclear waste in Texas. The state is fighting back.

The Nuclear Regulatory Commission’s approval of the planned facility opens a new front in a decades-long battle to find a home for the country’s nuclear waste.
  • Sep 15, 2021

Louisiana power outages renew questions about utility giant’s preparedness for storms

Some residents, fuming in the dark and the heat, are questioning whether more could have been done to mitigate the damage of the storm.
  • Aug 31, 2021

DeJoy bought up to $305,000 in bonds from USPS board chair’s investment firm

Board of governors Chair Ron Bloom has backed DeJoy’s plans at the mail agency, including proposals to slow delivery and raise prices.
  • Aug 13, 2021

As IRS audits waned, big businesses racked up unapproved tax breaks

The federal government now examines just half of all large company tax returns, despite businesses claiming increasing tax benefits over this period that they say could be overturned by authorities.
  • Jul 14, 2021

Drug distributor McKesson docked CEO’s pay over the opioid crisis. He still made $15 million.

The drug distributor’s board said it planned to dock Brian Tyler’s pay by $2.9 million after activist investors demanded opioid settlement costs be reflected in CEO pay appraisals.
  • Jun 11, 2021

IRS records show wealthiest Americans, including Bezos and Musk, paid little in income taxes as share of wealth, report says

ProPublica obtains tax data on richest Americans, a huge scoop that could send Washington scrambling.
  • Jun 8, 2021

Colonial hack exposed government’s light-touch oversight of pipeline cybersecurity

The TSA is reversing its hands-off approach to overseeing pipeline cybersecurity in the wake of the devastating ransomware attack on critical U.S. infrastructure.
  • May 30, 2021

Under Armour founder sold $138 million in stock during time period company allegedly misled investors about slowing sales

The SEC says the company made misleading claims to investors from October 2015 through January 2017. Plank carried out scheduled stock sales in November 2015 and April 2016, according to regulatory filings.
  • May 13, 2021