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Fiona bears down on northeast Canada as big, powerful storm
  + stars: | 2022-09-24 | by ( ) www.cnbc.com   time to read: +6 min
A youth rides his bycicle at the seaside in Nagua, Dominican Republic, on September 19, 2022, as Hurricane Fiona passes through the country. Fiona, which started the day as Category 4 storm but weakened to Category 2 strength late Friday, was forecast to make landfall in Nova Scotia early Saturday. The Canadian Hurricane Centre issued a hurricane watch over extensive coastal expanses of Nova Scotia, Prince Edward Island and Newfoundland. The U.S. National Hurricane Center said Fiona should reach the area as a "large and powerful post-tropical cyclone with hurricane-force winds." It was centered about 140 miles (220 kilometers) southeast of Halifax, Nova Scotia, heading north at 46 mph (74 kph).
Leaders gathered for the United Nations General Assembly and Climate Week focused on inequality. The climate crisis and the energy transition are widening disparities, leaders said. Rich countries must meet pledges to help those least responsible for the crisis, advocates say. These regions combined have contributed less than 1% of historical carbon-dioxide emissions yet are bearing the brunt of climate impacts. Meanwhile, Europe is in the midst of an energy crisis because Russian President Vladimir Putin has scaled back natural-gas supplies to retaliate against Western sanctions.
And it includes the massive public relations machine raking in billions to shield the fossil fuel industry from scrutiny. "Fossil fuel interests need to spend less time averting a PR disaster—and more time averting a planetary one. But it is high time to put fossil fuel producers, investors and enablers on notice." What followed was an appeal for fossil fuel companies to be taxed on windfall profits—that's a higher tax rate on sudden, unexpected spikes in earnings. "Today, I am calling on all developed economies to tax the windfall profits of fossil fuel companies.
Climate Week NYC 2022 - and Insider is thereClimate Week NYC 2022 is underway and Insider's reporters are on the scene. We'll be providing updates throughout the week on some of the most provocative speakers and topics.
Climate change and Russia's invasion of Ukraine has world leaders looking again at nuclear power. Gavin Newsom's plan to keep a nuclear power plant open points to a trend. Nuclear power doesn't emit greenhouse gases and provides 10% of global electricity. Gavin Newsom wants to extend the life of a nuclear plant that was slated to close by 2025. The race to combat the climate crisis and shore up energy supplies after Russia's invasion of Ukraine is pushing policymakers to reconsider nuclear power.
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