Biden set to rejoin Paris climate accord, impose curbs on U.S. oil industry

WASHINGTON (Reuters) by Valerie Volcovici, Trevor Hunnicutt – Incoming U.S. president Joe Biden will announce America’s return to the international Paris Agreement to fight climate change on Wednesday, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements will also include a sweeping order to review all of ex-President Donald Trump’s actions weakening climate change protections, the revocation of a vital permit for TC Energy’s Keystone XL oil pipeline project from Canada, and a moratorium on oil and gas leasing activities in the Arctic National Wildlife Refuge that Trump’s administration had recently opened to development, Biden aides said. The orders will mark the start of a major policy reversal in the world’s second-largest greenhouse gas emitter behind China, after four years during which Trump’s administration pilloried climate science and rolled back environmental regulation to maximize fossil fuel development. Biden has promised to put the United States on a track to net-zero emissions by 2050 to match the steep and swift global cuts that scientists say are needed to avoid the most devastating impacts of global warming, using curbs on fossil fuels and massive investments in clean energy. The path won’t… continue reading

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