From the Wonk Room.
A new report which calculates the global warming pollution footprint of U.S. mutual funds finds that “carbon intensity indicates financial risk.”
White House officials say the administration “will be flexible” on the “complicated subject” of comprehensive energy legislation, including the possibility of backing away from the principle “that carbon permits should be auctioned rather than given away”—a development the electricity lobby finds “encouraging.”
Saudi Arabia’s lead climate negotiator wants “industrialized countries to assist us through direct investment, transfer of technologies,” because their oil economy will be affected by restrictions on global warming pollution.