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Trump Says Climate Change and Migration Are Destroying the West
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Today: President accuses United Nations of doing nothing to solve the world’s problems; the ocean is now too acidic to be considered healthy, says planetary scientist; Orsted allowed to restart offshore wind farm project.
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Trump’s attacks on a “double-tailed monster” rang loudest. Photo: Brendan Smialowski/AFP/Getty
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Welcome back: President Trump attacked efforts to fight climate change and global immigration during an address to the United Nations, claiming they were among the world’s top threats to Western civilization, the WSJ's Alexander Ward, Robbie Gramer and James T. Areddy report.
In an hour-long speech filled with grievances about ongoing wars, windmills and malfunctioning escalators, it was Trump’s attacks against what he called a “double-tailed monster” that rang loudest in the General Assembly room.
“Immigration and the high cost of so-called green, renewable energy is destroying a large part of the free world and a large part of our planet,” he said. “Countries that cherish freedom are fading fast because of their policies on these two subjects. Both immigration and their suicidal energy ideas will be the death of Western Europe.”
Trump boasted of his policies designed to boost fossil fuels at the expense of renewable energy sources. “You need ... traditional energy sources if you are going to be great again,” he proclaimed.
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Brazil wants the world to recognize China's technological contribution to the fight against climate change. (Bloomberg)
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Content from our sponsor: Deloitte
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From Breakthrough Ideas to Scalable Solutions: Bridging the Sustainability Gap
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From AI breakthroughs to resilient infrastructure, and public-private collaborations, Deloitte leaders discuss how innovation is reshaping our systems for scalable, sustainable, and profitable impact. Read More
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The Ocean 'Is Now Too Acidic to Be Considered Healthy'
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Coral reefs are at risk as acidification gets worse, the report said. Photo: Khaled Desouki/AFP/Getty
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Rockström—who presents his findings at a New York Climate Week event taking place today—pioneered the planetary boundaries framework, which defines safe limits for mankind’s impact on the Earth.
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The report he will deliver says the ocean has reached a dire level of acidity, and oxygen levels are dropping—driven mainly by fossil-fuel burning—making it unsafe for marine life.
As the planet faces increasing environmental disruption, Rockström has a message for the corporate world: The fallout of climate change is devastating to the economy. Extreme weather is a threat to businesses, he said, particularly heat waves which can rattle workforces and productivity.
“It’s an existential threat to a company,” he said. “I would say companies are still really, really underestimating this risk.”
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Nations’ plans to ramp up coal, gas and oil extraction ‘will put climate goals beyond reach’ (Guardian)
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$1 Billion
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Investment in the Tropical Forests Forever Facility that Brazil said it will make, according to President Luiz Inácio Lula da Silva. The TFFF is a $125 billion multilateral fund proposed by Brazil to support the conservation of endangered forests worldwide.
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I’m looking to spark a shift in how we see buildings, not as burdens on the balance sheet and on the climate, but as dynamic, strategic assets that help us tackle climate change.
Katie McGinty, CSO, Johnson Controls
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If a country leaves an empty chair at the negotiation table for climate related solutions, someone’s going to sit.
Cristina Froes de Broja Reis, Deputy Secretary for Sustainable Economic Development, Brazil Finance Ministry
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Every industrial motor that switches to clean electricity, every process that replaces combustion with electric heating, every fleet that trades diesel for batteries — these are measurable, scalable wins.
Esther Finidor, CSO, Schneider Electric
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The best CBAM, is one that doesn't make any money, why? Because then we have stopped pumping CO2 into the air.
Wopke Hoekstra, EU Commissioner for Climate Net Zero Growth
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Orsted Can Restart Construction of Offshore Wind Farm, Court Says
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Revolution Wind was halted by the Trump administration last month. Photo: Orsted/Boskalis
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Orsted can resume construction of a U.S. offshore wind farm that was halted by the Trump administration last month, a U.S. judge ruled.
The decision earlier this week means the Danish renewable-energy company can restart work on the Revolution Wind project off the coast of Rhode Island while the company’s lawsuit challenging the administration’s stop-work order continues, the WSJ's Dominic Chopping reports.
Orsted was ordered to halt construction of the nearly complete project to give the Bureau of Ocean Energy Management time to address concerns arising from a review commissioned by the Trump administration, which suspended new federal wind leases after the president’s inauguration.
Earlier this month, Orsted initiated legal action against BOEM, saying that it lacked legal authority for the stop-work order and that the order’s stated basis violated applicable law.
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TotalEnergies to invest around $5.3 billion in French wind farm after winning tender. (WSJ)
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A new independent accounting body is offering companies a way to showcase their work in reducing carbon emissions. (WSJ)
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The story of sustainability at the steelmaking giant ArcelorMittal reads like a years-long courtroom drama. (Trellis)
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Italian energy company Eni signs $1 billion power purchase agreement with fusion startup Commonwealth. (ESG Today)
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New rules governing how companies report their scope 2 emissions have pit tech giant against tech giant. (Heatmap News)
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The EU is postponing a ban on imports stemming from deforestation for a second time, after pressure from the US and others. (FT)
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World leaders call for more investment in the clean energy transition ahead of the COP climate summit. (Dow Jones Risk Journal)
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