News Analysis As President Joe Biden prepares to release his Fiscal Year 2023 budget request, a close look at last week’s $1.5 trillion omnibus bill shows how spending in the upcoming plan may be justified (or rationalized) by appeals to climate change. The bill passed both the House and the Senate with support from some…
Climate Requests Big Winners in Biden’s $1.5 Trillion Budget Omnibus Bill
March 24, 2022
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Putin: ‘Unfriendly’ Nations to Pay for Gas in Rubles; Wall St Bonuses Hit Record High | NTD Business
Russian President Vladimir Putin pushing back against Western sanctions. He says “unfriendly” countries will have to start buying Russian energy with Rubles. A former SEC chair speaking out against the new climate proposal. He says the SEC is overstepping its authority. Cryptocurrency is coming to the next FIFA world cup. but crypto’s still banned in the host country. Honda unveiling…
SEC Rule Would Mandate That Companies Disclose Climate-Related Information, Greenhouse Gas Emissions
March 21, 2022
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President Joe Biden’s Securities and Exchange Commission (SEC) released proposed rules Monday for publicly traded companies that would compel those firms to disclose a range of climate-related information to shareholders. Described in a 500-plus-page document, that information includes financially material climate-related risks as well as estimated greenhouse gas (GHG) emissions, which were described by the…
SEC to Make Companies Report Emissions; What’s the Risk of Investing in China Stocks?| NTD Business
The Securities and Exchange Commission unveiling a landmark new plan today, it’s planning to require companies to disclose their greenhouse gas emissions. How would that affect investors? Is Hong Kong moving away from China’s zero covid policy? The city announced it will loosen restrictions despite recording over 10 thousand virus cases. Germany trying to cut…
House Democrats Ask Biden to Renew Climate Push
A group of 89 House Democrats asked President Joe Biden to renew efforts to address the purported “climate crisis” after the failure to pass the $1.85 trillion Build Back Better Act (BBB) in December. The BBB would have appropriated $555 billion for climate policy, and would have funded things such as tax incentives for electric…
The Ukraine Crisis Exposes China’s Green Lies
Commentary China will exploit the Russo-Ukrainian war for its own economic benefit. Any decreases in Russian oil and gas exports to Europe will likely be shifted to China. The 2015 Paris Agreement pushed China into a corner to some degree. While other nations grandly announced their nationally determined contributions to reducing greenhouse gases, China demurred…
China’s ‘Carbon Neutral’ Olympics Was ‘Theater,’ Distraction From Nation’s Much Bigger Environmental Problems: Analysts
March 3, 2022
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The Chinese regime may have used the Winter Olympics to signal an interest in clean energy, but critics suggest the event’s purported “carbon neutrality” is mere theater amid a record of sizeable fossil fuel consumption. “It’s a bunch of theater really,” said Riley Walters, an expert on East Asia at the Hudson Institute, a Washington-based…
‘Environmental, Social, and Corporate Governance’ Scores Are Changing the Oil Industry
February 6, 2022
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Environmental, social, and corporate governance—better known as ESG—is the order of the day in big business. According to its advocates, ESG rating provides investors with useful information on risks arising from climate change, pollution, and other environmental issues. Yet much of that information isn’t financially material. BlackRock, the world’s largest asset manager, notes on its…
Electric Heat Pumps May Fail to ‘Heat Homes Adequately’: UK Lawmakers
Electric heat pumps, a key element of the UK government’s plan to reach its net-zero climate target, may not be able to “heat homes adequately” if the homes are not sufficiently insulated, a parliamentary committee has suggested. The UK’s Climate Change Committee (CCC) projects that by 2050 all heating in British homes will be provided…
Lufthansa, Air France Join Forces Against EU’s Climate Plans for Aviation
BERLIN—An alliance of airlines and airports called for changes to the European Union’s planned climate change legislation on Monday, arguing it will make them less competitive with non-European rivals. Taking aim at aviation, a sector deemed responsible for up to 3 percent of global emissions, the European Union presented plans last July that foresee stricter…
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