New research shows that California’s climate policy created up to 39 million carbon credits that aren’t achieving real carbon savings. But companies can buy these forest offsets to justify polluting more anyway.

President Joe Biden's top labor official said Thursday that most gig workers in the United States should be classified as "employees" deserving of related benefits, in what could be a policy shift that is likely to raise costs for companies that depend on contractors such as Uber (UBER.N) and Lyft (LYFT.O)and impact millions of workers.