Change Afoot for Oil Market as Asian Demand Wanes, Iranian Supply Rises
Signs are emerging of a shift under way in the oil market, with demand weakening in Asia and picking up in the West, just as supplies of Iranian crude oil Continue Reading
China to curb coal demand growth in 14th 5-Year Plan, reduce further in 15th plan
China announced it would curb coal consumption in its economic plans spanning the next 10 years at US President Joe Biden’s global climate summit April 22, in addition to affirming Continue Reading
U.S., other countries deepen climate goals at Earth Day summit
The United States and other countries hiked their targets for slashing greenhouse gas emissions at a global climate summit hosted by President Joe Biden, an event meant to resurrect U.S. Continue Reading
Key takeaways from the Biden Earth Day summit
Dozens of world leaders are joining CEOs, activists and Pope Francis for a two-day virtual summit that started Thursday on reducing climate change hosted by U.S. President Joe Biden. THE Continue Reading
U.S. to double public climate finance to developing countries by 2024
The United States on Thursday said it will boost public climate finance to help poor countries reduce greenhouse gas emissions and adapt to a changing climate, doubling funding by 2024 Continue Reading
UBS tightens lending criteria to coal, Arctic drilling, oil sands
Swiss lender UBS (UBSG.S) said it has tightened its financing criteria for those involved in coal-fired power generation and mining, Arctic oil and tar sands, and would lay out a Continue Reading
Kerry says U.S. will likely exceed pledge to cut emissions by 50-52% by 2030
The United States will likely exceed its pledge to reduce emissions 50% to 52% by 2030 compared with 2005 levels, U.S. climate envoy John Kerry told reporters on Thursday. U.S. Continue Reading
U.S. Climate Goal Falls Short of European Peers and Paris Target
President Joe Biden’s new commitment to cut U.S. emissions in half over the coming decade from 2005 levels, with an aim to zero out planet-warming gases in the next 30 Continue Reading
Biden Wants $15 Billion for EV Charging Stations: Climate Update
Biden Pledges to Cut Greenhouse Gas Emissions in Half by 2030 President Joe Biden’s climate summit has drawn 40 heads of state including China’s Xi Jinping, Vladimir Putin of Russia Continue Reading
US jobless claims fall to 547,000, another pandemic low
The number of Americans applying for unemployment aid fell last week to 547,000, the lowest point since the pandemic struck and an encouraging sign that layoffs are slowing on the Continue Reading