ceo has pleaded guilty to charges of violating anti money laundering rules and agreed to pay a 50 billion dollarfine. $50 million fine. merrick garland called it one of the biggest penalties ever obtained. the data comes and it doesn t include bitcoin. first coin also took a hit in value. a year long investigation into binance but the company continues operating. binance will also have a government appointed monitor and the company is required to ensure it is in compliance with us laws and the exchange is still the world s largest, holding more than $65 billion of assets. the gas and oil industry needs to cut emissions by 60 percent by 2030 to keep global warming to an increase ofjust 1.5 centigrades. that s the conclusion of a report from the global energy watchdog, the international energy agency. the report was released before the united nations climate summit, or cop28, which begins in dubai next week. joining me now is tim gould chief energy economist from the iea.
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