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McDonald's Has Pledged to Reduce Plastic Use in Happy Meal Toys by 2025 snopes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from snopes.com Daily Mail and Mail on Sunday newspapers.
In 'critical step' for climate, Biden to restore protections for Tongass National Forest nationofchange.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationofchange.org Daily Mail and Mail on Sunday newspapers.
Read time: 12 mins By Justin Mikulka • Sunday, April 4, 2021 - 00:01 The fossil fuel industry and its investors have financially benefited from tax policies and subsidies designed to reduce the emissions from oil, gas, and coal sometimes without taking the action required to tackle climate change. Recently, claims have been surfacing of companies taking the taxpayer money offered to incentivize these actions but not following through on reducing their emissions. In March, for example, Reuters reported that Congress has opened an investigation into problems with the government’s “clean coal” tax credit. This is after Reuters revealed that financial institutions, including Goldman Sachs, were making huge profits off the program, despite it not effectively reducing emissions. ....
Environmental groups hailed the expected moratorium as the kind of bold, urgent action needed to slow climate change. “The fossil fuel industry has inflicted tremendous damage on the planet. The administration’s review, if done correctly, will show that filthy fracking and drilling must end for good, everywhere,” said Kieran Suckling, executive director at the Centre for Biological Diversity. Oil industry groups condemned the move, saying Mr Biden had already eliminated thousands of oil and gas jobs by killing the Keystone XL oil pipeline in his first day in office. “This is just the start. It will get worse,” said Brook Simmons, president of the Petroleum Alliance of Oklahoma. “Meanwhile, the laws of physics, chemistry and supply and demand remain in effect. Oil and natural gas prices are going up, and so will home heating bills, consumer prices and fuel costs.” ....