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    Canada Moves to Protect Arctic From Threats by Russia and China

    Ottawa says its focus on the Arctic comes after Russia’s invasion of Ukraine “has shaken the foundations” of international cooperation in the northern region.Citing growing interest by China and Russia in the Arctic as global warming makes the region more accessible, Canada on Friday said it would focus on building stronger alliances with other nations in the region, particularly the United States.“For many years, Canada has aimed to manage the Arctic and northern regions cooperatively with other states as a zone of low tension,” according to a statement by the Canadian government.But more recent developments, including Russia’s invasion of Ukraine in 2022, had “shaken the foundations of international cooperation in the Arctic,” the statement said.Canada has long debated how best to assert control over its vast but very sparsely populated Arctic.The policy statement calls climate change “the overarching threat” to that control. Warmer temperatures and thinning ice make it increasingly likely that it will soon be possible in the summers for ships to regularly travel from the Pacific to the Atlantic Ocean by way of an Arctic route known as the Northwest Passage.Canada’s government said the country was committed to increasing military spending in the Arctic, including a 5 billion Canadian dollar, or $3.6 billion, upgrade of defense systems used by the North American Aerospace Defense Command — a joint operation of the two countries.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Bitcoin Price Surges to a Milestone: $100,000

    The price of a single Bitcoin rose to six figures for the first time, an extraordinary level for a 16-year-old cryptocurrency once dismissed as a sideshow.In May 2010, Laszlo Hanyecz, an early cryptocurrency enthusiast, used Bitcoin to buy two pizzas from Papa John’s. He spent 10,000 Bitcoins, or roughly $40 at the time, in one of the first purchases ever made with the digital currency.It has turned out to be the most expensive dinner in history.On Wednesday, the price of a single Bitcoin rose to more than $100,000, a remarkable milestone for an experimental financial asset that had once been mocked as a sideshow and a fad. The total cost of those pizzas today: $1 billion.Bitcoin now stands as arguably the most successful investment product of the last 20 years. The value of all the coins in circulation is $2 trillion, more than the combined worth of Mastercard, Walmart and JPMorgan Chase. The motley assortment of hackers and political radicals who embraced Bitcoin when it was created by an anonymous coder in 2008 have become millionaires many times over. And the invention has spawned an entire industry anchored by publicly traded companies like Coinbase, a cryptocurrency exchange, and promoted by celebrities, athletes and Elon Musk.Even the president-elect says he is a believer. During the campaign, Donald J. Trump marketed himself as a Bitcoin enthusiast, vowing to create a federal stockpile that could push its price even higher.

    Note: As of 10 p.m. Eastern on Dec. 4Source: Investing.comBy The New York TimesBitcoin began as “essentially an experimental hobbyist project,” said Finn Brunton, the author of a 2019 book about the history of cryptocurrency. “To see where it is now is to see a really impressive feat.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Patagonia C.E.O.: Corporate Responsibility Still Matters

    Companies continue to invest in sustainability, though many are no longer broadcasting it.This personal reflection is part of a series called Turning Points, in which writers explore what critical moments from this year might mean for the year ahead. You can read more by visiting the Turning Points series page.Turning Point: Some of the world’s largest financial firms pulled out of a group committed to fighting climate change.It’s been a tough year for companies wanting to do the right thing. In addition to managing a turbulent global economy, brands have faced backlash from a handful of activists on everything from climate and diversity commitments to supporting Pride events and even encouraging people to vote. More than 100 laws against environmental, social and governance principles have been introduced in Congress and state legislatures since 2023, and right-wing politicians and activists continue to force companies that value corporate responsibility into a culture war by smearing them as “woke.”When a few companies got skittish and pulled back on their diversity or climate efforts, headlines crowed about the demise of corporate responsibility as a whole.This is what happens when sound bites and taglines replace the real work needed to make progress. It seems impossible to find a product now that doesn’t claim to be “green” or “sustainable” or made responsibly. Although some businesses are putting in the time and work to back up those claims, others are confronting the reality that their investors and customers are paying close attention, and the bill to produce results is past due.As I look back on 2024, I think the backlash against corporate responsibility — and sustainability in particular — has been overstated. But while some companies are talking less about their commitments, I’m heartened that many are still quietly setting ambitious targets to reduce emissions, care for their employees and create inclusive communities. They’re doing the work to get there, and they’re pressing ahead in the face of disgruntled pundits and social media trolls.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    An Arctic Hamlet is Sinking Into the Thawing Permafrost

    On the shore of Lake Tiktalik in Canada’s Western Arctic, the thawing permafrost had set off two huge landslides into the water, leaving yawning craters on the tundra. These “thaw slumps” measured several hundred feet wide and just as deep.Jaden Cockney, 17, clambered down the side of one slump as his boss, William Dillon, looked on cautiously. Jaden was part of the team that Mr. Dillon, 69, had created to measure the retreating permafrost. Only a few decades earlier, the permafrost had lain just several inches below much of the region’s surface. But now it was thawing so rapidly that it was being pushed further and further underground. Along shorelines, it collapsed into lakes or the Arctic Ocean.For centuries, the Western Arctic has been home to Mr. Dillon and his ancestors, the Inuvialuit, as the region’s Inuit are called. But these days, the thaw slumps — like the one Mr. Dillon’s team was documenting 10 miles south of their hamlet, Tuktoyaktuk — are the most dramatic evidence of a phenomenon that could turn the local Inuvialuit into Canada’s first climate refugees.William Dillon, Jaden Cockney and their colleague, Derek Panaktalok, overlooking a permafrost thaw slump at the edge of Tiktalik Lake.Mr. Dillon collects data on the climate and the evolution of the territory for the Tuktoyaktuk Community Corporation and has been monitoring the land for three decades.Tuktoyaktuk itself now stands face to face with the Arctic Ocean’s increasingly angry Beaufort Sea, and rests atop 1,300 feet to 1,600 feet of thawing permafrost threatening to sink it.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Republicans Would Regret Letting Elon Musk Ax Weather Forecasting

    One way Donald Trump may try to differentiate his second term from his first is by slashing the federal work force and budget and consolidating and restructuring a host of government agencies.For people who care about weather and climate, one of the most concerning proposals on the table is to dismantle the National Oceanic and Atmospheric Administration. The authors of Project 2025, a blueprint for the administration crafted by conservative organizations, claim erroneously that NOAA is “one of the main drivers of the climate change alarm industry” and should be “broken down and downsized.” An arm of Mr. Trump’s team, the Department of Government Efficiency, to be led by Elon Musk and Vivek Ramaswamy, wants to eliminate $500 billion in spending by cutting programs whose funding has expired. That could include NOAA.With the rising costs of and vulnerability to extreme weather in a changing climate for the United States, dismantling or defunding NOAA would be a catastrophic error. Rather, there is a golden opportunity to modernize the agency by expanding its capacity for research and innovation. This would not only help Americans better prepare for and survive extreme weather but also keep NOAA from falling further behind similar agencies in Europe. While the incoming administration may want to take a sledgehammer to the federal government, there is broad, bipartisan support for NOAA in Congress. It is the job of the incoming Republican-controlled Congress to invest in its future.NOAA was established via executive order in 1970 by President Richard Nixon as an agency within the Department of Commerce. Currently its mission is to understand and predict changes in the climate, weather, ocean and coasts. It conducts basic research; provides authoritative services like weather forecasts, climate monitoring and marine resource management; and supports industries like energy, agriculture, fishing, tourism and transportation.The best-known part of NOAA, touching all of our daily lives, is the National Weather Service. This is where daily forecasts and timely warning of severe storms, hurricanes and blizzards come from. Using satellites, balloon launches, ships, aircraft and weather stations, NOAA and its offices around the country provide vital services like clockwork, free of charge — services that cannot be adequately replaced by the private sector in part because they wouldn’t necessarily be profitable.For most of its history, NOAA has largely avoided politicization especially because weather forecasting has been seen as nonpartisan. Members of Congress from both parties are highly engaged in its work. Unfortunately, legislation introduced by Representative Frank Lucas, Republican of Oklahoma — a state with a lot of tornadoes — that would have helped NOAA to update its weather research and forecasting programs passed the House but languished in the Senate and is unlikely to move forward in this session of Congress. However, in 2025 there is another opportunity to improve the agency and its services to taxpayers and businesses.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Newsom Challenges Trump on Electric Vehicle Tax Credits

    Gov. Gavin Newsom said California would fill the void for residents if the Trump administration killed a $7,500 E.V. tax credit.California will step in and provide rebates to eligible residents who buy electric vehicles if President-elect Donald J. Trump ends the $7,500 federal E.V. tax credit, Gov. Gavin Newsom said on Monday.“We will intervene if the Trump administration eliminates the federal tax credit, doubling down on our commitment to clean air and green jobs in California,” Mr. Newsom, a Democrat, said in a statement. “We’re not turning back on a clean transportation future — we’re going to make it more affordable for people to drive vehicles that don’t pollute.”Mr. Newsom’s proposal comes as California officials gird for an extended battle with the incoming Trump administration over environmental policy, immigration and other issues. As he did during his first term, Mr. Trump is expected to try once again to block California’s authority to set auto emissions limits that are stricter than federal standards.Already, Mr. Newsom has called a special session of the California Legislature for December, in part to discuss an increase in funding for litigation. During Mr. Trump’s first term, California sued his administration more than 120 times.Mr. Trump cannot unilaterally eliminate the electric vehicle tax credits, which are part of the Inflation Reduction Act of 2022. Congress would have to amend the law or pass a new one to erase the credits. But his transition team has indicated that the president-elect wants the credits gone.Under the law, consumers can lower the purchase price of an electric, plug-in hybrid or fuel-cell vehicle by up to $7,500 for a new vehicle and up to $4,000 for a used one. There are some restrictions, including income ceilings, for those who qualify.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    COP29 Climate Talks Get a Deal on Money, but Only After a Fight

    The financing plan, which calls for $300 billion per year in support for developing nations, was immediately assailed as inadequate by a string of delegates.Negotiators at this year’s United Nations climate summit struck an agreement early on Sunday in Baku, Azerbaijan, to triple the flow of money to help developing countries adopt cleaner energy and cope with the effects of climate change. Under the deal, wealthy nations pledged to reach $300 billion per year in support by 2035, up from a current target of $100 billion.Independent experts, however, have placed the needs of developing countries much higher, at $1.3 trillion per year. That is the amount they say must be invested in the energy transitions of lower-income countries, in addition to what those countries already spend, to keep the planet’s average temperature rise under 1.5 degrees Celsius. Beyond that threshold, scientists say, global warming will become more dangerous and harder to reverse.The deal struck at the annual U.N.-sponsored climate talks calls on private companies and international lenders like the World Bank to cover the hundreds of billions in the shortfall. That was seen by some as a kind of escape clause for rich countries.As soon as the Azerbaijani hosts banged the gavel and declared the deal done, Chandni Raina, the representative from India, the world’s most populous country, tore into them, saying the process had been “stage managed.”“It is a paltry sum,” Ms. Raina said. “I am sorry to say that we cannot accept it. We seek a much higher ambition from developed countries.” She called the agreement “nothing more than an optical illusion.”Speakers from one developing country after another, from Bolivia to Nigeria to Fiji, echoed Ms. Raina’s remarks and assailed the document in furious statements.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Saudi Arabia Is Working to Undercut a Pledge to Quit Fossil Fuels

    Despite endorsing the declaration at last year’s U.N. climate summit, officials have tried to eliminate the same language in at least five U.N. forums, diplomats said.As United Nations climate talks enter their final week in Azerbaijan and G20 leaders gather in Brazil, diplomats from Saudi Arabia, the world’s top oil exporter, are working to foil any agreement that renews a pledge to transition away from fossil fuels, negotiators said.“Maybe they’ve been emboldened by Trump’s victory, but they are acting with abandon here,” said Alden Meyer, senior associate with E3G, a London-based climate research organization, who is at the talks in Azerbaijan. “They’re just being a wrecking ball.”Negotiators say it’s part of a year-long campaign by Saudi Arabia to foil an agreement made last year by 200 nations to move away from oil, gas and coal, the burning of which is dangerously heating the planet.Saudi Arabia was one of the signatories to that deal, but has been working ever since to bury that pledge and make sure it’s not repeated in any new global agreements, according to five diplomats who requested anonymity to discuss the closed-door negotiations.With varying degrees of success, the Saudis have opposed transition language in at least five U.N. resolutions this year, the diplomats said. The Saudis fought it at a United Nations nuclear conference, at a summit of small island nations, during discussions of a U.N. blueprint for tackling global challenges, at a biodiversity summit and at a meeting of the Group of 20 finance ministers in Washington in October, according to the diplomats.Saudi government officials did not immediately respond to requests for comment.The election of Donald J. Trump has cast a pall over the climate negotiations in Azerbaijan, known as COP29. Mr. Trump has promised to withdraw the United States from the global fight against climate change and increase the American production of fossil fuels, which is already at record levels. That may be emboldening Saudi officials at the current climate talks, analysts say. On Saturday, Yasir O. Al-Rumayyan, the chairman of the board at Saudi Aramco, the state petroleum company, sat ringside with Mr. Trump at a U.F.C. fight in Madison Square Garden in New York City.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More