Economy & Business

"G7 Backs Making Climate Risk Disclosure Mandatory"

"Group of Seven (G7) rich countries backed moves to force banks and companies to disclose their exposure to climate-related risks on Saturday, a measure seen as vital to efforts to safeguard the financial system from climate change shocks.

G7 finance ministers meeting in London also called for more coordination to measure what impact companies are having on the climate and environment, warning of the risk of fragmentation as local jurisdictions adopt different approaches.

Source: Reuters, 06/07/2021

Biden To Speak Again With GOP Sen. Capito Friday On Infrastructure

"President Joe Biden and Republican Senator Shelley Moore Capito had a “constructive and frank” discussion on Wednesday about revitalizing U.S. infrastructure and agreed to talk again on Friday, the White House said."

Source: Reuters, 06/03/2021

Biden Aims to End Arctic Drilling. A Trump-Era Law Could Foil His Plans

"President Biden may be forced to hold a new lease sale for oil drilling in the pristine Arctic National Wildlife Refuge, despite his vows to slash fossil fuel pollution and his action this week to suspend Arctic drilling leases that had been awarded in the final days of the Trump administration."

Source: NYTimes, 06/03/2021

G7 Nations Have Given $190 Billion to Fossil Fuel Industry Since 2020

"The world’s leading economies have made lots of commitments lately about reducing carbon emissions, but their actions tell a different story. A report released Tuesday finds that between January 2020 and March 2021, G7 governments pumped $190 billion into supporting coal, oil, and gas, with the U.S. taking the prize for the most money spent on dirty industries."

Source: Earther, 06/02/2021

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