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Breakthrough in Baku delivers $1.3tn “Baku Finance Goal”

24 November 2024 • The Baku Finance Goal sets new global target to channel $1.3tn of climate finance to developing countries by 2035...

Activists participate in a demonstration for climate finance at the COP29 U.N. Climate Summit, Friday, Nov. 22, 2024, in Baku, Azerbaijan. (AP Photo/Sergei Grits)
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Here’s what to know about the new funding deal that countries agreed to at UN climate talks

At COP29, rich countries agreed on a climate deal of $300 billion annually by 2035 — here's how they got there.

Brooke Rollins, President and CEO of the America First Policy Institute speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. REUTERS/Andrew Kelly/File Photo
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Trump expected to pick Brooke Rollins to be agriculture secretary: WSJ report

Wall Street Journal report: U.S. President-elect Donald Trump is expected to pick Brooke Rollins to be his agriculture secretary.

A general view of Titan Cement's Alexandria Portland Cement Company factory, behind balcony houses in the Mediterranean city of Alexandria, Egypt.
Climate FinanceCoalEmissionsEnvironmentFuelManufacturingNewsUnited Nations

How big fossil-fuel-producing countries export emissions abroad

Fossil fuel exports were a hot topic at COP29 in Baku, with calls for accountability for pollution sent to poorer nations.

A screen displays Chandni Raina of India as she speaks during a closing plenary meeting at the COP29 United Nations Climate Change Conference, in Baku, Azerbaijan November 24, 2024. REUTERS/Maxim Shemetov
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Rich countries raise COP29 climate finance offer to $300B as developing nations fume

Wealthy nations at COP29 agree to raise their climate funding offer to $300 billion annually by 2035 for developing countries.

FILE PHOTO: A man walks past the logo of Gazprombank during the Saint Petersburg international gas forum in Saint Petersburg, Russia September 15, 2022. REUTERS/Anton Vaganov/File photo
BusinessEconomyFuelLegislationNatural GasNewsOilPoliticsTrade

New U.S. sanctions probably spell end of EU energy payments through Russia’s Gazprombank

"EU payments for energy resources through Gazprombank will likely become impossible at the end of 2024," analysts say.

FILE PHOTO: Liberty Oilfield Services Inc. CEO Chris Wright rings a ceremonial bell to celebrate the company's IPO on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 12, 2018.  REUTERS/Lucas Jackson/File Photo
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Trump energy pick wrote ESG report hailing oil, gas, downplaying climate worry

Chris Wright, President-elect Donald Trump's pick to lead the energy department, believes fossil fuels are the key to ending world poverty.

Indigenous leaders from the Wampis Nation in Peru, Tsanim Evaristo Wajai Asamat, left, and Pamuk Teofilo Kukush Pati, pose inside the Westminster Hall in London, Thursday, Nov. 21, 2024. (AP Photo/Kin Cheung)
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Indigenous leaders travel to UK from Peru to draw attention to oil damage and banking

In the last decade, there were 89 leaks from the Petroperu pipeline running through the Amazon Rainforest.

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