The Daily Climate

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Yellen to press for additional reforms at World Bank this year

U.S. Treasury Secretary Janet Yellen will call on Wednesday for the World Bank to undertake additional reforms this year to expand its ability to help developing countries meet global challenges such as climate change.

Cumulus Clouds image Multi-license with GFDL and Creative Commons CC-BY-SA-2.5 and older versions (2.0 and 1.0)

St. Croix refinery cannot restart without new permit, air pollution tech -EPA

U.S. regulators will require a new Clean Air Act permit for a troubled oil refinery in the U.S. Virgin Islands, which could cost its owners hundreds of millions of dollars and take three years or more to obtain, the Environmental Protection Agency said on Thursday.

Impacts

en.wikipedia.org

Large companies' assets at growing risk of climate impact - S&P Global

Over 90% of the world's largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, data and analysis from index and ratings provider S&P Global showed on Thursday.

Politics

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Religious leaders urge banks to stop financing drivers of climate change

Christian, Muslim and Jewish leaders joined United Nations officials on Monday in urging financial institutions to stop bankrolling activities that are driving climate change, including ending support for new fossil fuel projects.

www.reuters.com

Canada govt to stop funding Trans Mountain oil line project as costs soar 70%

Canada said on Friday it will halt any further public funding for the Trans Mountain oil pipeline expansion, after the government-owned company behind the project said costs had surged 70% to C$21.4 billion ($16.8 billion).

Solutions

Photo by Cris Jiao on Unsplash

Brazil's banks to incorporate climate change risks into stress tests

Brazil's central bank has announced new rules making it mandatory for banks to incorporate climate change-related risks into stress tests, starting in July 2022.

ORIGINAL REPORTING

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Yellen to press for additional reforms at World Bank this year

St. Croix refinery cannot restart without new permit, air pollution tech -EPA

Large companies' assets at growing risk of climate impact - S&P Global

Religious leaders urge banks to stop financing drivers of climate change

Canada govt to stop funding Trans Mountain oil line project as costs soar 70%

Brazil's banks to incorporate climate change risks into stress tests

Coal stockpiles strain US power sector as demand wanes

Bogotá faces water rationing

Wisconsin oil spill fuels doubts over Enbridge’s pipeline safety

Hydrogen hubs test new federal environmental justice rules

Donald Trump wins US presidency. What that could mean for the environment.

Trump-backed plan seeks to overturn Biden's climate policies

Op-ed: The real scam — rail against renewables, run away with factories

Cyclone devastates Mayotte