Biden to tout 'largest investment' in climate in Glasgow - Reuters | Canada News Media
Connect with us

Investment

Biden to tout 'largest investment' in climate in Glasgow – Reuters

Published

3 years ago

 on


U.S President Joe Biden speaks during a press conference during the G20 leaders’ summit in Rome, Italy October 31, 2021. REUTERS/Kevin Lamarque

GLASGOW, Nov 1 (Reuters) – President Joe Biden on Monday will try to assure world leaders that the United States can keep its promise to slash greenhouse gas emissions by more than half by the end of the decade, even as the key policies to ensure those reductions remain uncertain, his top climate aides said.

Biden will join leaders from over 100 countries in Glasgow for the start of the COP26 climate conference, which kicks off on the heels of the G20 summit in Rome that concluded with a statement that urged “meaningful and effective” action on climate change but left huge work for negotiators to ensure an ambitious outcome. read more

National Climate Adviser Gina McCarthy said Biden was committed to delivering on that goal in large part through a key budget bill that would unleash $555 billion in climate spending that awaits a vote in Congress after months of fraught domestic negotiations.

“Here in Glasgow, he’s renewing the United States’ commitment to take swift and decisive action, including through his Build Back Better framework,” McCarthy told reporters.

“It’s the largest investment to combat the climate crisis in American history. And it’s going to let us reduce emissions well over a gigaton — that’s 1 billion metric tons — in 2030.”

Biden said on Sunday that his Build Back Better climate and social spending bill will be voted on sometime this week, “God willing.”

The House of Representatives has not yet confirmed a date for a vote on the legislation.

McCarthy also addressed concerns around a Supreme Court announcement late Friday that it would review the Environmental Protection Agency’s authority to regulate greenhouse gas emissions, potentially undermining U.S. climate goals. read more

“We’re confident that the Supreme Court will confirm what those have before them, which is EPA has not just the right but the authority and responsibility to keep our families and communities safe from pollution,” McCarthy said.

Biden will also announce on Monday a long-term strategy laying out how the U.S. will achieve a longer-term goal of net-zero emissions by 2050 and announce that he will work with Congress to launch a $3 billion program in 2024 aimed at helping developing countries adapt to and manage the impacts of climate change through locally-led measures.

Reporting by Valerie Volcovici; editing by Diane Craft

Our Standards: The Thomson Reuters Trust Principles.

Adblock test (Why?)



Source link

Related Topics:
Continue Reading

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

2 days ago

 on

October 16, 2024

By

 

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

1 week ago

 on

October 11, 2024

By

 

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

1 week ago

 on

October 10, 2024

By

 

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending

Exit mobile version