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CNN —When President Joe Biden referred to his Chinese counterpart as a dictator late Tuesday in California, the response from Beijing was swift and angry. Whether the new acrimony further derails a “thaw” in US-China ties, something that Biden has openly hoped for, remained an open question. “He didn’t know about it,” Biden told donors. Biden and Xi last met at a G20 conference in Bali. “You just saw what’s happened in Italy in that election,” Biden told the donors and Democratic officials at a Washington, D.C. fundraiser.
Persons: Joe Biden, , Biden, Xi Jinping, ” Biden, , Antony Blinken, Blinken, Blinken hasn’t, Blinken’s, , John Kerry, Xi, Donald Trump, John Kirby, Kirby, “ We’re, Dmitry Peskov, Peskov, Vladimir Putin’s, Emmanuel Macron Organizations: CNN, White, Democratic, APEC, Biden, Mar, National Security, Japan –, New York City Locations: California, Beijing, China, Marin County, , , Washington, India, Bali ., San Francisco, United States, Australia, Japan, Russia, New York, Italy, America, Cornish, England
That’s what’s a great embarrassment for dictators, when they didn’t know what happened,” Biden told attendees at the fundraiser in the Bay Area, referring to the Chinese spy balloon that the US shot down earlier this year. “He called me and told me not to do that because it was putting him in a bind,” Biden said, referring to the Chinese president. The region has taken on a greater importance for Washington as China has become increasingly assertive over its territorial claims in the area, expands its naval capabilities and militarizes islands in the South China Sea. “Now we have India, Australia, Japan and the United States working hand in glove in the South China Sea, in the Indian Ocean. We have a situation where I’ve met with all 50 of the major maritime states in East Asia,” Biden said in California.
Persons: Joe Biden, Xi Jinping, , Antony Blinken, what’s, ” Biden, Biden, Blinken’s, , John Kerry, Blinken –, Xi, “ We’re, ” Blinken, I’ve Organizations: San Francisco , CA CNN, CNN, House, Japan –, South Pacific Locations: San Francisco , CA, California, Washington, Beijing, Bay, China, United States, India, Australia, Japan, South, South China, East Asia
CNN —The climate crisis is taking an enormous toll on Europe, which was ravaged by extreme heat, drought, wildfires and glacier melt last year, a new analysis has concluded. The cracked ground of La Vinuela reservoir during a severe drought in La Vinuela, near Malaga, southern Spain August 8, 2022. Europe experienced the second-largest burned area on record in 2022, the report found, with Central Europe and the Mediterranean, in particular, seeing large areas scorched by fire. And oceans were unusually warm, with average sea surface temperatures in the North Atlantic the hottest on record. With the arrival of El Niño, a natural climate phenomenon with a global warming effect, many scientists are concerned 2023 could see even starker climate extremes.
Persons: , Carlo Buontempo, Jon Nazca, El, Petteri Taalas Organizations: CNN, World Meteorological Organization, Central, North Atlantic, WMO Locations: Europe, Spain, Switzerland, Italy, France, La Vinuela, Malaga, Central Europe, North
Record high levels of carbon pollution in the atmosphere and record low levels of Antarctic ice. Several all-time heat records were also broken earlier this month in Siberia, as temperatures shot up above 100 degrees Fahrenheit. In 2022, the world’s oceans broke heat records for the fourth year in a row. In late February, Antarctic sea ice reached its lowest extent since records began in the 1970s, at 691,000 square miles. The decline in sea ice also poses severe harm to the continent’s species, including penguins who rely on sea ice for feeding and hatching eggs.
Persons: Brian McNoldy, vZ9eKEs22b, we’re, ” Jennifer Marlon, “ We’ve, – we’ve, Ted Scambos, “ We’re, Phil Reid, El, Climatologist Maximiliano Herrera, , El Niño, ” Herrera, ” Scambos, Reid, Scambos, there’s, Rick Spinrad, Organizations: CNN, University of Miami Rosenstiel School of Marine, Yale School of, University of Colorado -, National Weather Service, Australian, of Meteorology, National Oceanic, Atmospheric Administration, Atlantic, NOAA, Scripps Institution of Oceanography, University of California, Industrial Locations: University of Colorado - Boulder, Canada, United States, Siberia, Central America, Texas, Louisiana, Puerto Rico, Asia, China, El, California, Pacific, San Diego
Why, when we think of climate change, do we think of big oil, not big ag; Exxon and not Tyson? It’s time you met the big ag lobby, one of the most powerful influences on policy in America. But when we started digging into the big ag lobby, we discovered it’s basically — “The most powerful lobby on Capitol Hill. So the big ag lobby has one key aim — block environmental regulation. I absolutely envy how good these lobbyists are at their job.” It’s outrageous what the big ag lobby has gotten away with.
Persons: , Peter Lehner, He’s, I’m, It’s, Tyson, Jennifer Jacquet, She’s, Peter, she’s, , Zippy Duvall, “ —, John Boehner, , You’ve, Waxman, Markey, Obama, American Farm Bureau Federation didn’t, ” —, JBS, don’t, they’re, Chuck Schumer, Cory Booker, I’ve, they’ve Organizations: Agriculture, ExxonMobil, Shell, Exxon, Washington , D.C, American Farm Bureau Federation, Capitol, U.S . Farmers, Tyson, New York Times, Republican, Senate’s Agriculture, pharma Locations: America, United States, Lake Erie, U.S, China, Washington ,, Kyoto, Senate’s
CNN —Dozens of heat records have fallen in Siberia, as temperatures climbed above 100 degrees Fahrenheit (37.7 Celsius). Last Saturday, temperatures reached 37.9 degrees Celsius (100.2 Fahrenheit) in Jalturovosk, its hottest day in history, according to the climatologist Maximiliano Herrera, who tracks extreme temperatures across the globe. Several all-time heat records were broken on Wednesday, including in Baevo, which reached 39.6 degrees Celsius (103.3 Fahrenheit), and Barnaul, which hit 38.5 degrees Celsius (101.3 Fahrenheit). Some of these stations have between five and seven decades of temperature recordings, Herrera told CNN. On Wednesday, temperatures of more than 45 degrees Celsius (111.2 Fahrenheit) were recorded in China, 43 degrees Celsius (109.4 Fahrenheit) in Uzbekistan and 41 degrees Celsius (105.8) in Kazakhstan.
Persons: Maximiliano Herrera, Herrera, , ” Herrera, ” Omar Baddour, Samantha Burgess, Canada –, It’s Organizations: CNN, Twitter, “ Records, Tomsk, World Meteorological Organization, Northern Locations: Siberia, Jalturovosk, Baevo, Asia, China, India, Northern Hemisphere, Canada, Central Asia, Turkmenistan, Uzbekistan, Kazakhstan
The average May temperature in Hanoi is 32 degrees Celsius (90 degrees Fahrenheit). “Which is why a humid heat wave is more dangerous than a dry heat wave,” she told CNN. This is above a threshold considered dangerous, especially for people with health problems or those not used to extreme heat. In Thailand, 20 days in April and at least 10 days in May reached feels-like temperatures above 46 degrees Celsius (115 degrees Fahrenheit). Throughout April and May, Vietnam, Cambodia, Laos and Malaysia all had several days with potential to cause extreme heat stress.
Persons: , ” Phong, Dinh Van Hung, ” Dinh, Nhac Nguyen, Maximiliano Herrera, Herrera, Mariam Zachariah, Cyclone Mocha, ” Zachariah, Chaya Vaddhanaphuti, ” Emmanuel Raju, ” Raju, Madaree Tohlala, “ Nui, , ” Nui, Andre Malerba, Chaya, , Chintanaphone, Boua Seng, Lobia Yaw, Thongsouk, hasn’t Organizations: Hong Kong CNN, CNN, Getty, ” Workers, Imperial College London, WWA, Chiang Mai University, Copenhagen Center for Disaster Research, Labour Organization, Farmers, Weather, Lao Farmer Network Locations: Hong Kong, Hanoi, Vietnam, Dong Da district, , Hanoi , Vietnam, AFP, Dinh, Southeast Asia, Thailand, Laos, Cambodia, Malaysia, Myanmar, Asia, Thai, Narathiwat, Bangkok,
Investors shot down proposals urging Exxon and Chevron to set more ambitious climate targets. Climate-minded investors blame Big Oil's soaring profits and Republicans' criticism of ESG. "It's incomprehensible why investors are accepting this when they have more to worry about than the profits of Big Oil. Exxon in December said more than 70% of its capital investments in the coming years would flow to fossil-fuel development. "To be fair, we have seen change at Exxon in the last two years.
Persons: Big, Mark van Baal, Critics, Andrew Logan Organizations: Exxon, Chevron, Service, ExxonMobil, BlackRock, Vanguard, Big, Big Oil Locations: Ukraine
[1/2] Danielle Smith of the United Conservative Party (UCP) gestures during her party's provincial election night party after a projected win in Calgary, Alberta, Canada May 29, 2023. Smith, leader of the United Conservative Party (UCP), defeated left-leaning New Democratic Party leader Rachel Notley on Monday, and immediately targeted Trudeau, threatening the country's ambitious climate goals. Some analysts have said deep emissions cuts are not possible without reducing oil production, which Smith fiercely opposes. "As premier I cannot under any circumstances allow these contemplated federal policies to be inflicted upon Albertans." "One of the challenges is there is a political class in Alberta that has decided that anything to do with climate change is going to be bad for them or for Alberta," Trudeau told Reuters in a January interview.
In theory, the world’s largest industrialized democracies have agreed to stop using fossil fuels within a little over a quarter-century and to switch to new sources of power such as solar and wind as fast as they can. The final communiqué from the summit, released on Saturday afternoon, included language sought by Japan that blesses continued investment in certain types of coal-fired power plants that the Japanese government is helping to finance. But leaders only modestly modified language from last year’s meeting that supported some new investment in natural gas infrastructure. Germany, which pushed for the endorsement in 2022 as it scrambled to replace Russian gas imports in the wake of the invasion of Ukraine, had sought to broaden the wording this year. The behind-the-scenes battle underscored the political, economic and practical challenges that many Group of 7 nations have run into as they seek to accelerate a global energy transition with trillions of dollars in government incentives.
MADRID, May 19 (Reuters) - Emergency crews evacuated around 600 villagers in western Spain overnight as a wildfire blamed on arsonists ravaged up to 8,000 hectares (19,800 acres) near the border with Portugal, officials said. "The are very strong gusts of wind ... that make efforts to extinguish it difficult," Military Emergency Unit commander David Barona told state TV channel 24H. "It's a very large attack on vegetation and the area," the head of Extremadura emergency services Nieves Villar told reporters, referring to the suspicions of arson. An unusually dry winter across parts of southern Europe coming after three years of below-average rainfall in Spain have raised the risk of wildfires. A total of 493 fires destroyed a record 307,000 hectares in Spain last year, according to the European Forest Fire Information System.
LONDON, May 18 (Reuters) - Shell (SHEL.L) will likely face one of its most acrimonious annual meetings next week as it struggles to balance investor pressure to capture profits from oil and gas and a vocal minority saying it must move faster to tackle climate change. Big Oil firms posted record profits last year amid soaring energy prices following Russia's invasion of Ukraine. That resolution echoes a ruling by a Dutch court telling Shell to adjust its climate targets, which Shell has appealed. It also said it was pleased that proxy advisers ISS and Glass Lewis had recommended votes against the Follow This resolution. The measures, however, did not prevent climate activist participants from heckling and disrupting proceedings before being escorted out, some carried by security staff.
In March, European countries agreed to promote a global phase-out of fossil fuels in a text setting out their priorities for COP28. “The shift towards a climate neutral economy will require the global phase-out of unabated fossil fuels,” the text said. Al Jaber emphasized the role of technologies like carbon capture in reducing planet-heating pollution. “All indicators… are telling us that we are way off track,” said Al Jaber. We have to get out of fossil fuels, we have to dramatically reduce emissions.”“it is no longer about visions.
BERLIN, May 3 (Reuters) - U.S. climate envoy John Kerry said on Wednesday China has invited him to visit "in the near term" for talks on averting a global climate change crisis even as diplomatic relations between the world's two biggest greenhouse gas emitters remain tense. The United States and China must work together to address climate change, Kerry said in an interview with Reuters on the sidelines of a conference on global warming in Berlin. China, for example, first must issue its plan to reduce methane emissions and advance in the transition away from coal, Kerry added. "We're not pointing fingers and we're not out there trying to, you know, make this part of the other issues that are out there" between the United States and China, Kerry added. "This (climate change) is a free-standing issue which affects China as it affects the United States."
Integrated reporting is growing more popular as stakeholders look to understand how companies are building sustainable growth. BASF produces an integrated report and is involved in the International Integrated Reporting Council. According to the IFRS Foundation, more than 2,500 companies worldwide have adopted integrated reporting. A major shift occurred with the launch of the International Integrated Reporting Council in 2010, and the framework it rolled out in 2013. An integrated report brings with it a higher threshold of measurement and accountability than a standalone sustainability report.
The United Auto Workers, a politically potent labor union, is planning to withhold its endorsement of President Biden in the early stages of the 2024 race, according to an internal memo from its president to members on Tuesday. The memo, written by Shawn Fain, the Detroit-based union’s president, said the leadership of the United Auto Workers had traveled to Washington last week to meet with Biden administration officials and had expressed “our concerns with the electric vehicle transition” that the president has pursued. In April, the Biden administration proposed the nation’s most ambitious climate regulations yet, which would ensure that two-thirds of new passenger cars are all-electric by 2032 — up from just 5.8 percent today. The rules, if enacted, could sharply lower planet-warming pollution from vehicle tailpipes, the nation’s largest source of greenhouse emissions. But they come with costs for autoworkers, because it takes fewer than half the laborers to assemble an all-electric vehicle as it does to build a gasoline-powered car.
On Saturday, the group plans to blockade the White House Correspondents' Association dinner in Washington, DC. So the White House Correspondents' Association dinner is an appropriate target, Salamon said. The White House did not return requests for comment. Haught acknowledged she had little political choice because GOP candidates have shown paltry interest in prioritizing climate action. "If you're putting your body on the line and risking a record of arrest, that shows you're serious," Haught said.
A group of venture capital firms including Tiger Global and Union Square Ventures on Tuesday set up an alliance aimed at making private tech investing more climate-friendly. Called the Venture Climate Alliance (VCA), the coalition of more than 20 climate tech and generalist funds seeks to get the VC industry to increase its commitments to climate tech, a branch of technology devoted to finding solutions to the climate crisis. Generalist VC firms will need to make routine assessments of their carbon footprint, align their early-stage startup bets with net-zero goals. It is not the first initiative to bring climate's role in startup investing to the forefront. The alliance will fall under the Glasgow Financial Alliance for Net Zero (GFANZ), a group formed during the COP26 climate conference.
The WMO’s annual State of the Climate Report, published Friday ahead of Earth Day, is essentially a health checkup for the world. Global sea levels climbed to the highest on record due to melting glaciers and warming oceans, which expand as they heat up. “Communities and countries which have contributed least to climate change suffer disproportionately.”A man uses a hand fan in a park in central Madrid during a heatwave, on August 2, 2022. The hottest year on record, 2016, was the result of a strong El Niño and climate change, said Baddour. “This is really a wake up call that climate change isn’t a future problem, it is a current problem.
[1/2] The remains of houses are pictured as rising sea levels destroy homes built along the shoreline, forcing villagers to relocate, in El Bosque, Mexico, November 7, 2022. Extreme glacier melt and record ocean heat levels - which cause water to expand - contributed to an average rise in sea levels of 4.62mm a year between 2013-2022, the U.N. agency said in a major report detailing the havoc of climate change. "We have already lost this melting of glaciers game and sea level rise game so that's bad news," WMO Secretary-General Petteri Taalas told a press conference. Rising sea levels threaten some coastal cities and the very existence of low-lying states such as the island of Tuvalu - which plans to build a digital version of itself in case it is submerged. Climate scientists have warned that the world could breach a new average temperature record in 2023 or 2024, fuelled by climate change and the anticipated return of warming El Niño conditions.
REUTERS/Issei KatoBRUSSELS, April 20 (Reuters) - The world could breach a new average temperature record in 2023 or 2024, fuelled by climate change and the anticipated return of the El Nino weather phenomenon, climate scientists say. During El Nino, winds blowing west along the equator slow down, and warm water is pushed east, creating warmer surface ocean temperatures. "El Nino is normally associated with record breaking temperatures at the global level. Climate models suggest a return to El Nino conditions in the late boreal summer, and the possibility of a strong El Nino developing towards the end of the year, Buontempo said. The world's hottest year on record so far was 2016, coinciding with a strong El Nino - although climate change has fuelled extreme temperatures even in years without the phenomenon.
[1/3] Solar panels are set up in the solar farm at the University of California, Merced, in Merced, California, U.S. August 17, 2022. Biden suspended tariffs last June as part of a key pillar of his clean energy policy. The resolution passed the House Ways and Means committee 26 to 13. "The Ways and Means Committee just took a hammer to business certainty and American energy independence," Solar Energy Industries Association President Abigail Ross Hopper said in a statement. Months later, Commerce issued a preliminary decision to extend existing tariffs on Chinese solar products to goods from those nations.
Brown | AFP | Getty ImagesFewer electric vehicles now qualify for federal tax credits after the Biden administration this week unveiled stricter rules for battery sources that will prioritize domestically manufactured models. The new list published by the Treasury Department includes 16 U.S. manufactured models from Ford , General Motors , Tesla and Stellantis . Ten of the models on the new list will qualify for the full $7,500 tax credit, with the rest qualifying for half that amount. Vehicles losing credits include those from BMW, Hyundai, Nissan, Rivian , Volkswagen and Volvo Cars. The bill set various manufacturing requirements for new all-electric and plug-in hybrid vehicles to qualify for the $7,500 tax credit.
[1/4] A view of a computer-rendered image of Climeworks' Mammoth direct air capture plant is seen in this undated handout picture obtained by Reuters, June 28, 2022. Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas - the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology. The sums involved dwarf funding available in other regions, such as Britain which has pledged up to 100 million pounds ($124 million) for DAC research and development. That compares with $12 billion in federal spending to drive demand for personal and commercial electric vehicles, Boston Consulting Group estimated. Occidental Petroleum has said it is well positioned for federal grants for what could be the biggest Direct Air Capture plants in the world.
Take Five: How bad is it?
  + stars: | 2023-04-14 | by ( ) www.reuters.com   time to read: +5 min
China and Britain release key economic data and officials from the Group of Seven nations talk climate goals. 1/ EARNINGS RECESSIONU.S. earnings season goes up a gear and the outlook is gloomy due to the regional banking crisis and the most aggressive monetary policy tightening in decades. Analysts expect Q1 S&P 500 earnings to fall 5.2% from the year-ago period, Refinitiv I/B/E/S data as of April 7 showed. In a sign of which way the authorities want lending rates to head, smaller regional banks have already cut deposit rates. China GDP vs 1-year MLF rate4/ NO ALARMS, NO SURPRISESIt's a big week for UK data, with February jobs figures on Tuesday and March inflation numbers Wednesday.
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