The Treasury official previously said global organizations like the World Bank ‘have grown larger and more intrusive.’ David Malpass, President Donald Trump’s expected pick to head the World Bank, has been a major player in trade talks with the Chinese | Pool photo by Justin Lane/EPA   U.S. President Donald Trump is expected to tap […]

A progressive activist who worked on New York Rep. Alexandria Ocasio-Cortez’s campaign and helped draft an outline for a “Green New Deal” characterized the global warming plan as a “proposal to redistribute wealth.” “America’s ruling class is freaking out about [Ocasio-Cortez’s] proposal to redistribute wealth and power from the people on top to the people […]

If climate bankruptcies are taken to include those caused by climate activism or perverse climate policies, then there are many companies  made bankrupt by the Climate Industry. PG&E is the latest example. Last week, California utility PG&E filed for Chapter 11 bankruptcy protection in the face of an estimated US$30 billion of possible liabilities related to the […]

BERLIN — Germany’s phasing out of coal-fired power stations could be delayed beyond 2038 if the deadline creates problems for the security of electricity supply, a senior legislator in Chancellor Angela Merkel’s party said. The phase-out, proposed last Saturday by a commission tasked with mapping out Germany’s transition to a more environmentally friendly low-carbon economy, drew […]

Chinese methane emissions are rising at an alarming rate despite recent government regulations aimed at curbing the climate-changing pollutant, a new report has revealed. A study released in the journal Nature on Tuesday shows a steady growth in China’s methane emissions, primarily from the country’s massive coal mining sector, undermining Beijing’s claims to be leading the […]

SINGAPORE/BEIJING (Reuters) – China’s state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016, focusing on adding natural gas reserves in a concerted drive to boost local supplies. Responding to President Xi Jinping’s call last August to boost domestic energy security, China’s trio of oil majors […]

Around half of the Dutch government’s 700 million euros subsidies for electric cars has ended up in the hands of ‘rich Tesla and Jaguar drivers’, the Volkskrant said on Wednesday.   Last year, the government said it would fund tax breaks totaling €700m for electric car drivers. But almost half the 25,000 electric cars bought […]

Record coffee output in Brazil drives down prices and piles pressure on farmers. Coffee growers in Guatemala have abandoned farms while Colombian farmers have turned to coca, which is processed into cocaine. All eyes in the coffee market are on Brazil, as record production levels have knocked global prices to near 12-year lows. Brazil produced an […]