In a major expansion, the new rules would apply not just to new operations but to older ones as well. Methane is a potent greenhouse gas, and considered key to slowing global warming quickly.
In a speech to the U.N. climate summit on Monday, President Joe Biden laid out his strategy for reaching goals to curb emissions — and a plan to help developing countries adapt to climate change.
"On the surface it seems like an irony," Biden said of calling on major producers to pump more oil even as he heads to the climate summit. "But the truth of the matter is ... everyone knows that idea that we're going to be able to move to renewable energy overnight ... it's just not rational."
Leaders of the world’s biggest economies agreed Sunday to stop funding coal-fired power plants in poor countries and made a vague commitment to seek carbon neutrality “by or around mid-century” as they wrapped up a Rome summit before a much larger U.N. climate conference.
The presidents and prime ministers representing 80 percent of the global economy will confront a recovery hampered by an energy crunch that's spurring higher fuel and utility prices, new COVID-19 outbreaks and logjams in supply chains. President Joe Biden has said he wants to press other leaders on high oil prices.
The cost of climate-change-enhanced weather disasters is hitting taxpayers and companies directly. Now the White House is taking steps to protect the country’s financial systems from such risks.
ExxonMobil’s chief executive says his company “does not spread disinformation regarding climate change″ as he counters congressional allegations the industry concealed evidence about the dangers of it.
Most Americans want the government to tackle climate change, but decades of industry lobbying and misinformation have repeatedly worked together to prevent meaningful action.
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