Climate Change

"The U.S. has pledged to work with Brazil to strengthen the protection of the Amazon, including offering “initial support” to the recently revived Amazon Fund. Reports claim the U.S. will initially donate $50 million toward the fund, inciting disappointment among some experts who claim billions, not millions, are required to eliminate deforestation."

"The climate crisis is causing sea levels to rise faster than for 3,000 years, bringing a “torrent of trouble” to almost a billion people, from London to Los Angeles and Bangkok to Buenos Aires, António Guterres said on Tuesday. Some nations could cease to exist, drowned under the waves, he said."

"Global spending on electric vehicles is surging. According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before."

"The Biden administration on Tuesday outlined how states and nonprofit groups can apply for $27 billion in funding from a “green bank” that will provide low-cost financing for projects intended to cut planet-warming greenhouse gas emissions."

"Like so many of the planet's natural habitats, wetlands have been systematically destroyed over the past 300 years. Bogs, fens, marshes and swamps have disappeared from maps and memory, having been drained, dug up and built on. Peatlands, a particular type of wetland, store at least twice the carbon of all the world's forests."

"It’s the end of an algal era: Exxon is backing out of a biofuel effort that the company has for years centered as part of its work in clean energy."

"Rules proposed by the U.S. Department of Energy are projected to reduce emissions and save consumers billions of dollars".

"Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow's gas trade with Europe is unlikely to recover from the ravages of military conflict."

"U.S. oil industry groups said on Monday they are concerned the Biden administration's proposed plan to crack down on methane emissions gives too much power to environmental advocacy groups, by forcing companies to react when third-parties report suspected leaks of the powerful greenhouse gas."

"Interior Secretary Deb Haaland visited the Pittsburgh area Thursday to announce the plugging of the first 10 abandoned oil and gas wells in the area paid for with funds from the 2021 infrastructure law."