President Joe Biden touts US efforts as oil overshadows climate summit ...Middle East

Economy by : (Business Standard) -
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. Climate leaders and scientists have sharply criticised the U.S. and many other nations, thoug

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