President Joe Biden touted 'unprecedented' climate efforts by his administration on Thursday in an annual White House summit that was overshadowed by Russia's war in Ukraine and other immediate threats to the world's short-term oil and gas supply.
Biden used the Major Economies Forum, convened virtually, to announce that the U.S. hoped to give $500 million to Brazil over the next five years to help slow the destruction of the Amazon, one of the world’s vital natural reserves soaking up the climate-damaging fumes from oil, natural gas, coal and methane. The funding would require congressional approval.
Biden, a Democrat, pointed to climate achievements including the United States’ record investments and initiatives in legislation passed last year, moves by the Environmental Protection Agency and other agencies to mandate cuts in tailpipe emissions from cars and trucks and other emissions cuts, and U.S. efforts at home and abroad to cap massive methane leaks from natural gas production.
“That’s what today is all about,” Biden said in his opening remarks, ahead of what were to be private consultations among leaders. “Coming together and candidly discussing how we can bridge the gap between our pledge … and our policies.
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