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The Biden administration is offering $1.6 billion in financing to an ammonia production facility in Indiana to create a domestic supply of low-carbon fertilizer. The funding would help finance the waste-to-ammonia production facility, which will use carbon capture and sequestration technology to repurpose petroleum coke and store carbon dioxide. The project has received support from hydrogen vehicle startup Nikola Corp. and Climate Investment. [Extracted from the article]

The Biden administration is offering $1.6 billion in financing to an Indiana-based ammonia production facility to create a domestic supply of low-carbon fertilizer. The funding would support the construction of a waste-to-ammonia production facility in West Terre Haute that uses carbon capture and sequestration technology. The project aims to repurpose an industrial gasifier to use petroleum coke and store carbon dioxide, producing 500,000 metric tons of anhydrous ammonia annually. The project has received support from hydrogen vehicle startup Nikola Corp. and the Oil and Gas Climate Initiative, which includes companies like Aramco Corp. and BP Plc. [Extracted from the article]

European Central Bank Governing Council member Fabio Panetta stated that the transition to climate-friendly energy will be funded by households in the region. While the shift will have benefits such as reducing dependence on fossil fuels and mitigating climate risks, the costs will be challenging to bear for energy-intensive businesses and vulnerable households. Panetta also noted that the poorest in society may be disproportionately affected by climate change mitigation policies, as they have a higher proportion of energy expenses in their consumption baskets. Additionally, some companies in hard-to-abate sectors may face existential threats due to the transition. [Extracted from the article]

Climate negotiators from the US and China will resume talks in Beijing this week, potentially their last opportunity to find common ground before a global climate summit in November. The discussions will be co-chaired by John Podesta, the US senior adviser to the president for international climate policy, and China climate envoy Liu Zhenmin. The talks will focus on practical ways the two nations can cooperate and their respective domestic climate plans. Both countries are also expected to develop new pledges for emissions cuts by 2035, which are due by February 2025. [Extracted from the article]

The Swiss government has responded to claims that it is not doing enough to protect its citizens from climate change. This comes after a landmark ruling by the European Court of Human Rights, which found that Switzerland had failed to comply with its duties regarding climate change. However, lawmakers in Switzerland have urged the government to ignore the decision, stating that previous and ongoing climate policy efforts meet the human-rights requirements of the ruling. A poll showed that 56% of the population believes the court overstepped its mandate with the decision. [Extracted from the article]

A comprehensive aerial survey conducted by the Environmental Defense Fund (EDF) reveals that US oil and gas facilities need to reduce methane emissions by approximately 80% or more to meet industry targets. The survey, which covered nearly three-quarters of onshore oil and gas production in the contiguous US, found that around 1.6% of gross gas production is released as methane into the atmosphere, eight times higher than the targets set by many operators for 2030. The findings have implications for liquified natural gas exports, particularly to regions like the European Union, which will soon require buyers to pay for pollution embedded in imports. The data was collected using an imaging spectrometer mounted on an aircraft and will be supplemented by more comprehensive observations from EDF's MethaneSAT satellite. [Extracted from the article]

According to a comprehensive aerial survey conducted by the Environmental Defense Fund, US oil and gas facilities need to reduce methane emissions by approximately 80% or more in order to meet industry targets. The survey, which covered major fossil fuel production regions in the US, found that around 1.6% of gross gas production is released as methane into the atmosphere, which is eight times higher than the targets set by many operators. The findings have implications for liquified natural gas exports, as the emissions could impact shipments to regions like the European Union, which will soon require buyers to pay for pollution embedded in imports. The survey was conducted using an imaging spectrometer mounted on an aircraft, and more comprehensive observations will be made using the MethaneSAT satellite. [Extracted from the article]

A group of companies and NGOs in Japan, including Rakuten Group Inc. and Panasonic Holdings Corp., are urging the government to accelerate its energy transition by phasing out coal power by 2035. Currently, Japan uses coal to generate a third of its electricity, making it the only G7 nation without a deadline to phase out the use of coal. The Japan Climate Initiative is calling for the country to increase its renewables capacity to 65%-80% and reduce emissions by two-thirds by the middle of the next decade. This recommendation comes as global leaders are working towards limiting global warming to below 1.5C under the Paris Agreement. [Extracted from the article]

BlackRock, the world's largest money manager, has announced new climate policies for $150 billion in investment funds. The company plans to increase scrutiny of companies' strategies for transitioning to a low-carbon economy and will assess corporate plans to see how well they align with the goal of limiting global warming to 1.5C. Initially, the policy will apply to 83 funds in Europe with climate and decarbonization objectives, but it may also extend to funds in the US and Asia-Pacific region. This move comes as BlackRock faces criticism from both Republican politicians and environmental advocates regarding its stance on climate change. However, the new policies only apply to a small fraction of BlackRock's total assets under management. [Extracted from the article]

A renewable energy initiative called RE100, which includes companies like Apple, Meta Platforms, and Nike, is urging Japan to triple its capacity of clean electricity. The initiative recommends that Japan increase its installed capacity of renewable power to 363 gigawatts by 2035, up from 121 gigawatts in 2022. The initiative also suggests policies to promote fair electricity prices, improve access to corporate power purchase agreements, prioritize grid upgrades, and mobilize public and private investment. Japan is currently reviewing its national energy strategy, and companies like Amazon have also expressed difficulties in procuring renewable energy in the country. Japanese policymakers cite geographical challenges and the need for floating turbine technology to develop large-scale renewable energy projects. [Extracted from the article]

The fate of Venture Global LNG Inc.'s CP2 natural gas export project in Louisiana is set to be decided by the Federal Energy Regulatory Commission. The project has faced opposition from environmentalists, including Bill McKibben, and has been pending before the commission for over 10 months. The Biden administration's decision to pause approval of new LNG export projects could further delay the facility if it is approved by the regulatory commission, as final approval would then be in the hands of the Energy Department. The outcome of the fight over CP2 and other LNG terminals will have significant implications for the global energy mix, with advocates arguing that exporting more US gas is necessary for transitioning away from coal and reducing reliance on Russia, while environmentalists warn of the long-term consequences of building infrastructure for LNG. [Extracted from the article]

The fate of Venture Global LNG Inc.'s CP2 natural gas export project in Louisiana is set to be decided by the Federal Energy Regulatory Commission at its June 27 meeting. The project has faced opposition from environmentalist Bill McKibben and other climate activists, and has been pending before the regulatory agency for over 10 months. The Biden administration's decision to pause approval of new LNG export projects could further delay the facility if the commission approves it, as final approval would then be in the hands of the Energy Department. [Extracted from the article]

(Bloomberg) -- Finland's pro-business government, led by Prime Minister Petteri Orpo, survived a vote of no confidence in parliament brought by opposition groups over its climate policies. Lawmakers in Helsinki backed the government with 97 votes on Friday, with 56 casting a ballot to overturn the coalition and 15 abstaining. The opposition groups argued that the government has not been able to put forward credible means to achieve Finland's climate policy goals, which include tackling climate change and emissions as well as stopping the decline in biodiversity.©2024 Bloomberg L.P.By Leo LaikolaReported by Author [Extracted from the article]

Gas prices in Seattle have reached over $5, which has led to conservative activists and politicians advocating for the repeal of Washington state's cap-and-trade program. The program, known as "cap and invest," requires high-emission companies to pay for their pollution in a carbon market. However, the repeal initiative, I-2117, could have serious environmental consequences and hinder Washington's efforts to lead in carbon-cutting commitments. Supporters of the cap-and-trade program include organized labor, major companies like Amazon and Microsoft, and environmental groups. The repeal effort has raised concerns about increased pollution and the impact on Washington's contribution to global carbon emissions. [Extracted from the article]

Chrysoula Zacharopoulou, France's minister for development, expressed optimism that the United Nations' sustainable development goals can be achieved by 2030. However, she acknowledged that there is a significant gap between the $200 billion currently committed and the $4 trillion needed for climate initiatives and other development objectives. Zacharopoulou called for reforms in the international financing system and addressing the issue of debt, particularly in African countries. She also mentioned the need for a stronger World Bank. Despite differences between the US and Europe, Zacharopoulou believes they share the same vision and work well together. [Extracted from the article]

Investors with A$35 trillion in assets are increasingly optimistic about Australia's climate policy, with half considering financing renewable energy projects, according to a survey by the Investor Group on Climate Change. Policy and regulatory uncertainty, once seen as a barrier to clean economy investment, has significantly decreased. The Australian government's move to legislate climate-related disclosures is seen as one of the biggest changes in policy priorities. Renewable energy is viewed as delivering the best long-term financial returns, while nuclear energy is the least appealing option. [Extracted from the article]

Prime Minister Justin Trudeau's carbon tax policy in Canada is facing increasing opposition due to rising living costs and public dissatisfaction. The policy includes a tax on large industrial emitters and a levy on consumers, with the price per metric ton rising annually. To mitigate the financial impact, the government provides quarterly rebate checks to households. However, many people are still unhappy with the tax's effect on their heating and gasoline costs. Conservative politicians, including Pierre Poilievre, have been critical of the policy, framing it as a burden on households. Despite the opposition, a carbon tax is seen as crucial to meeting Canada's emissions reduction goals. [Extracted from the article]

Polish farmers have blocked a major highway near the German border in protest against food imports from Ukraine and the European Union's climate initiatives in agriculture. The police have redirected traffic away from the A2 highway, which connects Warsaw and Berlin. These protests have been ongoing for months and have caused difficulties for Prime Minister Donald Tusk's government. EU ministers have called for a review of policies to address the concerns of farmers. [Extracted from the article]

The UK has been criticized for its poor planning and lack of prioritization when it comes to climate adaptation. The country's national adaptation plan has been deemed insufficiently funded, poorly coordinated, and not well monitored or evaluated. The UK's approach to adaptation is not working, according to the Climate Change Committee. The committee has called for an additional £10 billion per year to adequately prepare the UK for climate risks. Other countries, such as the US and Germany, have surpassed the UK in terms of adaptation efforts. The European Union has also received warnings about climate risks, with the European Commission stating that climate change could reduce economic output in the EU by 7% by the end of the century. Urgent action is needed at both the EU and member state levels to address these risks. [Extracted from the article]

The Reserve Bank of India (RBI) will require banks to disclose climate finance risks starting in April 2025 and meet certain climate targets beginning in 2027. The RBI believes that inadequate information about climate-related financial risks can lead to mispricing of assets and misallocation of capital. Previously, these disclosures were voluntary, but they will now be mandatory. The RBI has listed several categories of disclosures, including the party responsible for climate-related issues, processes to assess and manage risks, and the impacts of various climate scenarios. The mandatory climate targets will be fixed by the banks and will include information about performance against each target. The RBI hopes that these requirements will support the shift towards green financing in India. [Extracted from the article]

The Reserve Bank of India (RBI) has announced that starting in April 2025, banks will be required to disclose climate finance risks, and from 2027, they will need to meet specific climate targets. The RBI believes that inadequate information about climate-related financial risks can lead to mispricing of assets and misallocation of capital. The mandatory disclosures will include information about the party responsible for climate-related issues, processes to assess and manage risks, and the potential impact of climate scenarios on the financial institution's performance. These requirements aim to support the shift towards green financing and help meet India's climate finance gaps. [Extracted from the article]

The European Central Bank (ECB) has expressed its willingness to make adjustments to its monetary policy in order to support the transition to a green economy. The ECB plans to focus on understanding the impact of climate change on the economy and will explore the possibility of further changes to its monetary policy instruments and portfolios. The ECB has already incorporated climate considerations into its policy tools, such as adjusting its corporate-bond purchase program to reward issuers with better sustainability performance. Financial markets have responded positively to these actions, indicating that central bankers' commitment to a sustainable economy is seen as credible. Some advocacy groups are calling for central banks to offer long-term financing at reduced rates for green investments, and there is also discussion about aligning the ECB's bond holdings with the European Union's climate priorities. Additionally, the ECB plans to deepen its analysis of the impact of extreme weather events on inflation and the financial system. [Extracted from the article]

Shareholders were asked whether BHP should "proactively advocate for Australian policy settings that are consistent with the Paris Agreement's objective of limiting global warming to 1.5° Celsius". (Bloomberg) -- BHP Group Ltd. shareholders are set to reject a resolution calling on the company to actively advocate for government policy on climate change, following a vote at its annual general meeting on Thursday. [Extracted from the article]

The president will sign the $550 billion measure at a White House ceremony on Monday, after appointing a group of officials led by National Economic Council Director Brian Deese and the new White House infrastructure coordinator, Mitch Landrieu, to guide the law's enactment. Biden is scheduled to sign the infrastructure bill at an elaborate outdoor ceremony Monday afternoon at the White House, with participants including federal lawmakers and governors of both political parties, as well as union and business leaders. Keywords: ALLTOP; BUSINESS; CLIMATE; COS; CST; EXE; GEN; GOV; INDUSTRIAL; INDUSTRIES; LAW; NORTHAM; POL; US; WORLD; WWTOP EN ALLTOP BUSINESS CLIMATE COS CST EXE GEN GOV INDUSTRIAL INDUSTRIES LAW NORTHAM POL US WORLD WWTOP R2MRU5DWLU6B00000 DNMLENf-20211115201162.xml R2MRU5DWLU6B (Bloomberg) -- President Joe Biden will promise Americans that his new infrastructure law will improve their lives and keep the U.S. economy moving forward, even as polls show widespread discontent with the nation's trajectory. [Extracted from the article]

The panel -- which Biden will establish in an executive order Monday -- will be directed to disperse the money in alignment with administration priorities, according to the White House. Keywords: ALLTOP; BUSINESS; COS; CST; EXE; GEN; GOV; INDUSTRIAL; INDUSTRIES; LAW; NORTHAM; POL; TOP; US; WORLD; WWTOP; WWTOPAM EN ALLTOP BUSINESS COS CST EXE GEN GOV INDUSTRIAL INDUSTRIES LAW NORTHAM POL TOP US WORLD WWTOP WWTOPAM President Joe Biden will a appoint a group of officials led by National Economic Council director Brian Deese and the new White House infrastructure coordinator, Mitch Landrieu, to guide enactment of the bipartisan public works law the president will sign Monday. [Extracted from the article]

The panel -- which Biden will establish in an executive order Monday -- will be directed to disperse the money in alignment with administration priorities, according to the White House. Keywords: ALLTOP; BUSINESS; COS; CST; EXE; GEN; GOV; INDUSTRIAL; INDUSTRIES; LAW; NORTHAM; POL; US; WORLD; WWTOP EN ALLTOP BUSINESS COS CST EXE GEN GOV INDUSTRIAL INDUSTRIES LAW NORTHAM POL US WORLD WWTOP President Joe Biden will a appoint a group of officials led by National Economic Council director Brian Deese and the new White House infrastructure coordinator, Mitch Landrieu, to guide enactment of the bipartisan public works law the president will sign Monday. [Extracted from the article]

A recent vote in the Dutch senate on a climate fund has highlighted differences between Geert Wilders and his potential coalition partner over environmental policies. The fund, which aims to support green projects and transition to renewable energy, was supported by the center-right People's Party for Freedom and Democracy (VVD), but opposed by Wilders' Freedom Party and the Farmer-Citizen Movement. This disagreement suggests that climate policies could be a contentious issue during coalition talks. While the parties may find common ground on other topics, such as migration, issues like climate change, aid to Ukraine, and cooperation with the European Union could complicate Wilders' chances of leading the next Dutch government. [Extracted from the article]

Tech companies are promoting artificial intelligence (AI) as a tool to address climate change, but AI itself is contributing to the problem due to its energy-intensive nature. Data centers currently account for about 1% to 1.5% of global electricity use, and AI requires even more energy than other forms of computing. A study estimates that the AI industry could consume as much electricity as the Netherlands by 2027. However, there are efforts to reduce the energy demands of AI, and AI can also be used to help address climate issues, such as in ecology and biodiversity research. The US Department of Energy has announced the launch of a new office to fund AI initiatives for climate change. [Extracted from the article]

Russia aims to unite non-Western economies, particularly those in the Eurasian and BRICS space, in addressing global climate issues. Despite facing sanctions and a reorientation of its economy towards the East, Russia remains committed to the climate agenda and views decarbonization as a driver of economic growth. The country plans to increase the use of renewable energy sources by 2030 and will create its own climate monitoring service. Russia is satisfied with the results of the COP28 talks and looks forward to the next climate summit in Azerbaijan. [Extracted from the article]

This article discusses various topics of interest in the UK. It begins by mentioning the ongoing diplomatic dispute between the UK and Greece over the return of the Elgin Marbles. The British Chancellor of the Exchequer, Rishi Sunak, canceled a meeting with the Greek Prime Minister, Kyriakos Mitsotakis, due to the latter's public comments on the issue. However, Mitsotakis later expressed his desire to maintain good relations with the UK. The article also mentions King Charles III's appearance at the COP28 climate summit wearing a tie adorned with Greek flags. Sunak, who was also at the summit, pledged £1.6 billion towards climate initiatives. The article further highlights Sunak's challenges, including pressure to produce a new migration bill and Fitch Ratings maintaining a negative credit outlook. It also mentions the freezing weather causing travel disruptions and strikes by train drivers. Additionally, it discusses the financial concerns of Thames Water and the migration patterns of young adults in London. [Extracted from the article]

Germany has been ordered by a Berlin court to establish a climate action plan that specifically targets carbon emissions in the traffic and construction sectors. The court ruled in favor of environmental groups DUH and BUND, stating that Germany is violating climate protection laws. The government's approach of looking at the economy as a whole and allowing emissions to be offset until 2023 was deemed insufficient by the court, which emphasized the need for immediate action to reduce harmful emissions. The ruling has been seen as a significant blow to the German government's climate policy. [Extracted from the article]

The recent success of Geert Wilders' far-right party in the Dutch election has raised concerns about the country's climate goals. Environmental groups are warning that the party's manifesto, which includes proposals to stop reducing carbon-dioxide emissions and dismantle key climate agreements, could have "devastating" effects on progress towards green targets. The Netherlands is close to achieving its 2030 climate goal, but a potential new government led by Wilders could reverse the country's traditionally green stance. The rise of far-right parties across Europe, driven by concerns over living costs and immigration, has also raised questions about the future of climate policies in the region. [Extracted from the article]

Germany has been urged by the European Commission to phase out its energy support measures as soon as possible. The EU executive's annual assessment of national budgets revealed that Germany, along with France, Croatia, Luxembourg, Malta, and Portugal, still have substantial measures in place for 2024. Germany's failure to comply with the EU's recommendations to reduce spending on energy support means it is not fully compliant with the bloc's guidelines. This warning comes at a time when Germany is facing turmoil due to a recent court decision that prohibits off-balance sheet funding for climate change initiatives. The European Commission is monitoring the situation and will comment further once German authorities address their plans to address the issue. [Extracted from the article]

A former Oklahoma state employee is suing the state over a law that targets financial firms, including BlackRock and JPMorgan Chase, for their climate change policies. The lawsuit argues that the law is unconstitutional and violates the First Amendment. The Oklahoma Public Employees Association is backing the lawsuit and aims to have the law declared unconstitutional. Similar laws have been adopted in other states, making this a hot-button political issue. [Extracted from the article]

An Oklahoma pensioner has filed a lawsuit challenging a state law that targets financial firms, such as BlackRock Inc. and JPMorgan Chase & Co., for their climate change policies. The law, enacted by the Republican legislature, restricts certain firms from doing business with the state. The lawsuit argues that the legislation is unconstitutional and violates the First Amendment. The Oklahoma Public Employees Association is backing the lawsuit, seeking to prevent the law from being enforced and ultimately have it declared unconstitutional. Similar laws have been adopted in other states, making this a hot-button political issue. [Extracted from the article]

German Chancellor Olaf Scholz has pledged €4 billion ($4.4 billion) for the Africa-EU Green Energy Initiative until 2030. He also stated that Germany will import a significant amount of its green hydrogen from Africa. Scholz emphasized that this investment is not traditional development aid, but rather a mutually beneficial partnership. He urged African leaders to accelerate the creation of an African Continental Free Trade Area, which could become one of the world's largest free-trade zones. Germany is supporting this project as the largest donor. [Extracted from the article]

This article highlights the increasing role of women in leading the fight against climate change. It mentions several influential women who are making significant contributions to climate policy and action. For example, Mia Mottley, the Prime Minister of Barbados, is advocating for a global financial system overhaul to provide more funding for climate protection in developing countries. Jennifer Morgan, Germany's climate representative, is using her background as a climate activist to push for more ambitious action on emissions reduction and climate finance. Other notable women mentioned include Ève Bazaiba, the Democratic Republic of Congo's Minister of Environment, Barbara Creecy, South Africa's Minister of Environment, and Marina Silva, Brazil's Minister of Environment and Climate Change. These women are bringing diverse perspectives and solutions to the table, and their leadership is crucial in addressing the urgent challenges of climate change. [Extracted from the article]

A study conducted by InfluenceMap, a London-based nonprofit, found that 58% of the companies it analyzed advocate on climate policy in a way that contradicts their stated net zero goals. This phenomenon, known as "net zero greenwash," undermines the credibility of companies' net zero commitments. The study identified companies such as Glencore, ExxonMobil, and Chevron as being at the greatest risk of making misleading net zero claims due to their engagement on climate policy. The research highlights the importance of companies' impact on climate policy and calls for increased transparency and accountability in corporate climate commitments. [Extracted from the article]

Climate tech venture capital funding has seen significant growth in the past decade, but one area that is consistently overlooked is adaptation. According to a report from the Oxford Climate Tech Initiative and the Skoll Centre at Oxford, startups focused on preparing for the impacts of climate change only received 7.5% of global climate tech funding from 2019 to 2020. This is despite the fact that adaptation solutions are crucial because even if greenhouse gas emissions were reduced to zero, the effects of climate change are already in motion. The transportation sector received the majority of climate tech venture funding, while other high-emitting sectors like the built environment and agriculture received less. This mismatch may be due to familiarity bias and the "hype engine" surrounding certain sectors. There is a need for more knowledge and funding for climate tech outside of wealthier countries, where the need for adaptation is immense. [Extracted from the article]

According to a new analysis from the United Nations, the global average temperature is projected to rise by up to 2.8C above pre-industrial levels this century if countries implement their emissions-cutting strategies as planned. The UN estimates that carbon emissions will increase by about 9% in 2030 compared to 2010 levels, based on current national pledges. While this is a slight improvement from last year, it still means that the world is likely to exceed the target of keeping global warming below 1.5C set by the Paris Agreement. The report highlights the urgency for action and the need for countries to come together at the upcoming COP28 climate summit to address the issue. [Extracted from the article]

The US and Indonesia are in discussions about potential cooperation on critical-mineral supplies, with both countries expected to announce a joint initiative during a meeting between Presidents Joe Biden and Joko Widodo. The talks will focus on the possibility of a critical minerals agreement, as Indonesia is the largest source of nickel, a key metal used in high-performance batteries for electric vehicles. The meeting will also cover topics such as the Middle East, climate change initiatives, and regional security. The US is also looking to assist Indonesia in diversifying its semiconductor industry and expanding its digital economy. [Extracted from the article]

Bank of America has led a $1.5 billion natural gas bond sale for BP Plc, which has raised questions about the bank's alleged "energy boycott" label. Despite being named as one of the largest financiers of fossil fuels by environmental groups, Bank of America's involvement in the bond sale suggests that it does not shun the oil and gas industry. The deal involved pre-paid gas bonds that allow government agencies to purchase long-term supplies of natural gas, with BP serving as the guarantor. Bank of America's participation in the deal comes as it faces scrutiny from Republican politicians in Texas over its climate change policies. JPMorgan Chase & Co., another major financier of fossil fuels, also worked on the deal. Bank of America aims to achieve net zero greenhouse gas emissions in its financing activities, operations, and supply chain by 2050, a goal shared by BP. [Extracted from the article]

The European Union plans to urge the United Arab Emirates, host of the COP28 climate summit, to contribute financially to a fund that will assist developing countries in dealing with the damage caused by extreme weather events. This move is intended to encourage other high-emitting countries, such as China and Saudi Arabia, to also provide climate finance. The issue of financial contributions is expected to be a contentious topic at the upcoming summit. The EU has positioned itself as a climate leader and is advocating for global efforts to increase renewable energy capacity and energy efficiency. The UAE, as the host of COP28, will launch various climate initiatives during the summit. [Extracted from the article]

The US and China recently held talks in California to lay the groundwork for the upcoming COP28 summit in Dubai. While no immediate breakthrough was announced, both countries expressed positive results and common ground on several issues. The success of these talks depends on the relationship between the two veteran negotiators, John Kerry and Xie Zhenhua, who have a history of collaboration on climate policies. The US and China have incentives to find consensus, as they are the two largest contributors to global greenhouse gas emissions. However, political tensions and trade disputes between the two countries may limit their ability to make significant progress. [Extracted from the article]

The tax is "not effective" in Atlantic Canada, said Nova Scotia Premier Tim Houston, who's sympathetic to other premiers' demands. (Bloomberg) -- The cornerstone of Prime Minister Justin Trudeau's climate policy is being chipped away at after his government announced a three-year pause on the carbon tax applied to home heating oil, which is primarily used in the Atlantic provinces. [Extracted from the article]

(Bloomberg) -- The state of Washington released a recommendation to link its carbon market with similar programs in California and Quebec, a major milestone for state-level climate policy. California, historically a leader in passing ambitious climate policy, was the first to launch an economy-wide carbon market in 2013 and held its first joint auction with Quebec in 2014. [Extracted from the article]

(Bloomberg) -- Newly installed Speaker Mike Johnson confronts critical early tests with an emergency aid request for Ukraine and Israel and a mid-November funding deadline to keep open the US government - all made more difficult by House Republicans' ideological divide. While there is broad support for both Israel and Ukraine in Congress, more than half of the House GOP, including Johnson, voted last month against new Ukraine aid. Crucially, Johnson also said Republicans would seek cuts in the rest of the federal budget to offset emergency aid. [Extracted from the article]

(Bloomberg) -- African nations have the "right and urgent duty" to develop their natural resources and economies to improve the lives of the continent's inhabitants, according to Standard Bank Group Chief Executive Officer Sim Tshabalala. The South African lender's sustainable finance portfolio is one of its fastest growing businesses, and is on track to achieve its target of funding more than 250 billion rand in sustainable finance by 2026, according to Tshabalala. [Extracted from the article]

Read More: Sweden Poised to Miss the Long-Term Climate Target It Pioneered "We are well aware that we won't reach Sweden's targets with the current policies", Environment Minister Romina Pourmokhtari said at a news conference announcing the inquiry. (Bloomberg) -- Sweden should abandon a national target for reducing emissions from the transport sector and align the country's climate ambitions with goals set by the European Union, a government-appointed inquiry proposed on Wednesday. [Extracted from the article]

The trip led by senate Majority Leader Chuck Schumer and Republican Senator Mike Crapo may lead to broader two-way talks and pave the way for a later meeting between Presidents Joe Biden and Xi Jinping, market watchers say. Micron, headquartered in Boise, Idaho, is currently building a chip-fabrication plant in upstate New York, making its business issues home-state concerns for both Crapo and Schumer, who represent those states. (Bloomberg) -- Traders are betting a visit by US senators to China next week may help prevent any further deterioration in bilateral relations, and boost sentiment toward the Asian nation's assets. [Extracted from the article]