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Economy & Business

"World Bank Poised To Host Climate Loss And Damage Fund, Despite Concerns"

"Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing nations and the United States."

Source: Reuters, 11/06/2023

Seabed Mining May Dredge Up Real Minerals, Fishy Worries in 2024

The mining of the ocean floor has stirred up significant debate, much of which clouds the realities of whether and to what degree it would cause ecological harm to one of the world’s greatest resources. This week’s TipSheet looks more closely at the controversy, which may well come to a head in the coming year. The latest entry in SEJournal’s 2024 Journalists’ Guide to Environment and Energy.

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"How An American Meat Broker Is Fueling Amazon Deforestation"

"China has become the world’s biggest importer of beef, and Brazil is China’s biggest supplier, according to United Nations Comtrade data. More beef moves from Brazil to China than between any other two countries. But the Brazilian cattle industry is a major driver of the destruction of the Amazon rainforest."

Source: AP, 11/03/2023

"Action To Protect Against Climate Crisis ‘Woefully Inadequate’, UN Warns"

"The UN Environment Programme (Unep) report estimated that between $215bn and $387bn a year is needed for climate adaptation in poor and vulnerable countries alone this decade. However, funding fell by 15% – to just $21bn – in 2021, the report said."

Source: Guardian, 11/03/2023

"Schumer Leads 23 Senators In Demanding FTC Probe Of Oil Industry Mergers"

"Senate Majority Leader Chuck Schumer (D-N.Y.) and 22 other Democratic senators sent a letter to Federal Trade Commission (FTC) Chair Lina Khan on Wednesday demanding an investigation of two major proposed oil industry mergers and warning that the consolidations could hurt consumers."

Source: The Hill, 11/02/2023

"New Fines Aim To Stem The Tide Of 'Orphan' Oil And Gas Wells In Louisiana"

"Louisiana has increased fines for inactive oil and gas wells in an effort to reduce the number of polluting and dangerous wells that are eventually abandoned and made the responsibility of the state."

Source: New Orleans Times-Picayune, 10/31/2023

"Dramatic Plan To Expand Flood Areas Could Force Millions To Buy Insurance"

"It’s a glaring weak spot in climate protection: Millions of U.S. residents don’t have flood insurance and face financial ruin if their home is inundated. But the nation’s insurance gap would shrink under a dramatic proposal that could require millions of property owners to buy flood coverage for the first time, potentially costing them thousands of dollars a year."

Source: E&E News, 10/31/2023

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