Trump wiped out dozens of Biden climate initiatives in first week blitz

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Financial Times 21h ago

Trump wiped out dozens of Biden climate initiatives in first week blitz - Financial Times

Quick Summary:

Jim Bowe, a partner at King & Spalding, warned the pause could send a negative signal about the future use of federal policies to drive private investment.

Biden vowed to put climate at the centre of his term, rejoining the Paris climate agreement, and signing into law the Inflation Reduction Act, the most significant action the US has taken to address the climate crisis.

Among the largest rescissions included ending the ban on new offshore drilling and removing the US from the Paris climate agreement and other commitments under the UN Framework Convention on Climate Change.