WRITTEN BY MICAELA BURROW ON NOV 11, 2022. POSTED IN LATEST NEWS
COP27: Biden Vows Billions More In Climate Spending, More Regs On US Drilling
President Joe Biden announced millions in spending aimed at clamping down on greenhouse gas emissions in a speech at the United Nations climate summit in Egypt on Friday.
The Environmental Protection Agency (EPA) will tighten requirements for oil and gas companies to cap methane emissions and mandate responses to credible reports of excessive methane leaks, according to a White House fact sheet released ahead of Biden’s address.
He also announced hundreds of millions in climate funding for poorer countries across the world, seen as vulnerable to climate change, and pledged to meet the administration’s objective of $11 billion in climate funding.
https://climatechangedispatch.com/cop27-biden-vows-billions-more-in-climate-spending-more-regs-on-us-drilling/