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[ad_1] Fossil fuel debate takes center stage at COP28 - CBS News Watch CBS News Phasing out fossil fuels has been a heated debate at the U.N. Climate Change Conference, known as COP28, in Dubai, and many climate activists fear the process has been compromised by being held in the oil rich United Arab Emirates. The Biden administration has touted record levels of federal funding for clean energy projects, but the U.S. is also producing record amounts of crude oil. Ben Tracy reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link https://worldnews2023.com/science-environment/fossil-fuel-debate-takes-center-sta...

[ad_1] JPMorgan Chase's move to acquire most of First Republic Bank's assets  this week hasn't stemmed investor concerns about the financial prospects for other regional lenders. The stock prices of Comerica, PacWest Bancorp, Western Alliance Bank and Zions Bank shares fell sharply Tuesday as attention shifted to other financial players that could be at risk of the startling bank runs that have taken down First Republic, Silicon Valley Bank and Signature Bank in recent weeks.  "Wall Street is quickly hitting the sell button as banking turmoil appears it is not going away anytime soon and is ready to focus on the next weakest link — potentially distressed lenders with tremendous exposure to commercial real estate," Edward Moya, a senior market analyst at Oanda, said in a research note. Shares of Los Angeles-based PacWest, with $44 billon in assets, plunged 28%, while $65 billion Western Alliance tumbled 15%. The KBW...

[ad_1] Biden administration officials announced a significant step Wednesday in moving the U.S. toward a more expansive and cohesive network of EV charging stations. Part of the move includes a major concession from EV market  leader Tesla, which owns and operates an extensive network of proprietary "superchargers" for its cars. But now, White House infrastructure coordinator Mitch Landrieu says the Elon Musk-led company has agreed to open part of its charging network to non-Tesla vehicles.   "These recent and new commitments will make more public chargers available for all EVs," Landrieu said Tuesday on a background call with reporters. "With announcements like today's and the overall growth we're seeing, it's clear that this administration is making incredible progress towards building our electric future."  Some $7.5 billion from the Infrastructure Investment and Jobs Act will be spent on bu...

[ad_1] Another student loan forgiveness plan Biden administration takes steps to forgive billions in student loans 03:43 President Joe Biden on Tuesday said he is forgiving $130 million in student debt for 7,400 borrowers who attended CollegeAmerica in Colorado, a defunct for-profit college that shut down in 2020 after misleading students about their career prospects and loans. The debt will be forgiven automatically for students who were enrolled in the Colorado-based locations of CollegeAmerica between January 1, 2006 and July 1, 2020, the U.S. Department of Education  said Tuesday in a statement. The college's Colorado locat...

[ad_1] White House reacts to North Korea detaining U.S. soldier - CBS News Watch CBS News A U.S. soldier is being detained in North Korea after officials said he crossed over into the country "willfully and without authorization." The soldier had been released from military detention and was being escorted out of South Korea, but he somehow joined a tour group after going through airport security. CBS News senior White House correspondent Weijia Jiang has the latest on how the Biden administration is responding to the situation. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On [ad_2] Source link https://worldnews2023.com/top-stories/white-house-react...