newsmart Logo
newsmart
newsmart
reset filter
Filter
washingtonpost.com | 1 hrs. 37 min. ago

Trump announces plan to weaken methane rules for oil and gas companies

#Boom #Compliance #CTA #Don #economy #energy #Fund #Gas #Guidance #index #Infrastructure #Iran #Li #Mexico #oil #R #Regulation #Support #trade #Trump #United States

The Trump administration is moving to weaken a regulation that requires oil and gas companies to limit leaks of methane, a more potent driver of climate change than carbon dioxide.President Donald Trump announced the Environmental Protection Agency’s proposed regulation at an event in Lubbock, Texas, on Tuesday evening.

EPA Administrator Lee Zeldin said earlier this month that the agency was “days not weeks” away from issuing the proposal, roughly outlining its contents.“We’ve been working on this for a long time,” Trump said at the rally. “We were working on this before the war broke out,” he added, referring to the Feb.

28 attack on Iran. Get Climate Coach newsletterNews and guidance on climate, science and technology. Sign up for freeThe move comes even as several major oil companies, including Chevron and ExxonMobil, have long supported direct federal regulation of methane, arguing that industry-wide rules are needed to curb leaks.

But that support has not always extended to every provision: The companies have at times pressed regulators to narrow monitoring and reporting requirements.Smaller independent producers and their trade groups have more aggressively fought methane rules as burdensome and costly. Executives at some of those firms — including several major donors to Trump — have pushed to roll them back.Methane, which traps about 80 times as much heat as carbon dioxide over a 20-year period, accounts for roughly 12 percent of greenhouse gases, according to an EPA webpage that the agency removed from its site after Trump took office.

Another EPA report says methane “emissions represent the greatest opportunity for low or no-cost mitigation” of climate change.Last year, Zeldin said the rule aimed at curbing methane leaks and dozens of other regulations were being reconsidered in what he has called the largest deregulatory action in U.S. history, aimed at saving businesses and consumers money.

Environmental advocates say any savings are more than outweighed by public health costs and damage to the economy caused by climate change and increasing weather extremes.“Americans must be able to afford to heat their homes in the winter and fill up their car and drive to work,” Zeldin said in a statement earlier this month, before the proposal’s release, while attending the New Mexico Oil and Gas Association’s annual meeting.

“They can’t do that when the people producing the energy are weighed down by unnecessary burdens.”The 2023 Biden-era rule requires companies to reduce methane emissions from new and existing oil and gas infrastructure, demanding monitoring and retrofitting old equipment to reduce leaks. The standard also instituted curbs on volatile organic compounds, which can cause air pollution that is harmful to breath or warm the climate.“The oil and gas industry says it’s a ‘good-faith’ partner eager to help craft regulations, but time and time again it’s worked behind the scenes to delay and weaken them.

As a result, the United States today emits more methane from its oil and gas sector than any other country in the world,” Julia Kane, a researcher with Fieldnotes, an oil and gas watchdog group, said in a statement.“Now, Lee Zeldin’s EPA is giving oil and gas corporations exactly what they’ve long wanted: a toothless methane standard they can use to pretend they’re well-regulated, all while they continue to knowingly leak and flare dangerous amounts of the heat-trapping gas.”Most Read From The Washington PostBoomer women are dating after divorce.

Men don’t always meet their standards.I went to Mexico to test-drive the cars Americans can’t buyAt 80, he’s a top dementia expert. Here’s how he keeps his brain healthy.Grand jury declines to indict Cassidy Hutchinson over Jan. 6 testimonyTrump defends White House redecorating — and Cheesecake Factory — from Obama’s mockingThe Trump EPA proposal is expected to reverse the 2023 rule’s ban on routine flaring, allowing companies to burn off excess gas rather than capturing it.

The draft policy would also eliminate the Super Emitter Program, which required companies to take action on major methane leaks when detected by third-party watchdogs.Methane has accounted for about 30 percent of global temperature rise since the industrial revolution, according to the International Energy Agency, and the rollback is alarming environmental advocates.The proposed regulation would also change standards for “marginal wells,” which produce only 6 percent of U.S. oil and gas but account for about half of the sector’s methane emissions.Zeldin said in October that the old rules wrongly lumped together “mom and pop” oil and gas producers, which he said could be put out of business by the rules, with multinationals such as Exxon and Chevron.“Part of this process has been to keep the concerns that are coming in from the application of [the regulations] to these far smaller operations and how to get the regulation right for them,” Zeldin told reporters in a briefing at EPA headquarters.

Myron Ebell, who ran the EPA’s transition team going into Trump’s first term, praised the potential regulation change for trying to “level the playing field” between Big Oil and independent producers.The EPA weakened enforcement of existing methane regulations last year, saying the agency’s “enforcement and compliance will no longer focus on methane emissions from oil and gas facilities” in a memo on March 12, 2025. The Environmental Defense Fund, an advocacy group, estimates that additional gas released or flared in the first year under that policy could have otherwise supplied nearly 19 million households.In November, the EPA also delayed deadlines to comply with many of the 2023 standards until 2027.This article originally appeared on Washington Post at https://www.washingtonpost.com/climate-environment/2026/10/27/trump-announce-relaxed-rules-oil-firms-methane-leaks/

koreatimes.co.kr | 5 hrs. 7 min. ago

Lee, farmers at odds over farmland survey, trade pact

#CPTPP #economy #trade

President Lee Jae Myung tried in vain to appease disgruntled farmers who remain suspicious of the administration’s motives behind the nationwide farmland survey. Korea’s potential accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has further complicated reconciliation efforts. Joining the trade pact is important for Korea’s outward-looking economy, but doing so could come at a cost to farmers.

Monday’s town hall meeting was unproductive, if not an outright failure. Lee remained indecisive about the CPTPP, while his explanation of the farmland survey was evasive. He even attempted to deflect responsibility for the controversial policy, suggesting that a confrontation with farmers may be inevitable.

Farmers take the survey seriously, viewing it as a direct threat to their livelihoods. They fear they could be ordered to sell their land against their will. The Lee administration’s farmland survey has become one of its most controversial policies, deepening the decline in the president’s approval ratings.

The survey itself is not contro

axios.com | 8 hrs. 49 min. ago

Trump praises Canadian separatists amid delicate trade talks

#Canada #Hold #Import #Inflation #Li #Main #Mississippi #Momentum #R #relief #Support #tariff #tariffs #trade #trade war #Trump

President Trump applauded Quebec's new separatist premier Tuesday, continuing to jab at Ottawa despite fragile trade talks that seemed to be gaining momentum. The big picture: Even as Trump's top economic adviser suggested a deal to ease the ongoing trade war is possible, the president has continue to antagonize Canada.The U.S. recently accused Canada of trying to influence American elections through retaliatory tariffs, which Canadian officials have denied.Meanwhile, Trump's continued to antagonize Canada from the campaign trail, saying at a Mississippi stop Monday that it was "charging us massive tariffs" and has "treated us badly."Driving the news: In a brief shoutout Tuesday, the president congratulated Paul St-Pierre Plamondon for his win some three weeks ago.While a recent vote stymied an Albertan separatist push, St-Pierre Plamondon has vowed to hold Quebec's third referendum on independence, though he's said it wouldn't happen until after Trump leaves office.St-Pierre Plamondon's center-left Parti Québécois won 60 of 127 seats, leaving it four short of a majority.

It would likely need support from a fellow separatist party to advance a referendum.Prime Minister Mark Carney has emphasized the importance of Canadian unity as the nation faces unprecedented hostility from the American president.Trump shared an Irish Times article that framed the Quebec vote as a "blow to Mark Carney" that could "hamper" his "efforts to maintain national unity against Trump."Zoom out: Trump on Tuesday also congratulated British Columbia's premier-designate, Lorne Doerkson, after his Conservatives swung the province rightward."Conservatives are moving strong in Canada!" the president wrote.

Doerkson, however, has rejected suggestions that he's aligned with the president, similar to St-Pierre Plamondon.Friction point: The U.S. Embassy in Canada last week accused Canadian leaders of trying to influence American politics with reciprocal tariffs on politically important products and states in the U.S.The White House did not immediately respond to Axios' request for comment.The intrigue: White House economic adviser Kevin Hassett said in a Fox interview Sunday that negotiations with Canada have "picked up" and are "gathering steam."Carney told reporters Monday trade talks had intensified slightly since the talks last fell apart in August.Midterm politics are complicating Trump's tariff agenda, Axios' Courtenay Brown reports.

Last week, the the White House exempted certain Canadian imports from 50% tariffs following pressure from Sen. Susan Collins (R-Maine).Collins pledged to seek to seek further tariff relief and encourage a broader trade agreement with Canada.The bottom line: Trump relationship with Canada has been tumultuous — rattled by trade tensions and the president's persistent "51st state" threats.Go deeper: Trump's Canada feud collides with Alberta's separatist vote

nbcnews.com | 10 hrs. 54 min. ago

White House tempers its tough talk on Canada trade as inflation tops voter concerns

#Canada #Inflation #tariff #trade #Trump

Trump’s combative approach to Canada appears to be softening just days before midterm elections where tariff fueled inflation is a primary concern for voters.

koreatimes.co.kr | 11 hrs. 32 min. ago

Iran president tells Putin region can solve problems without US

#cooperation #Export #Gas #Iran #Russia #sanctions #trade #United States

MOSCOW — Iranian President Masoud Pezeshkian told his Russian counterpart Vladimir Putin on Tuesday that the Middle East can solve its problems without the involvement of the United States. "I believe we are capable of resolving our problems in the region without relying on the United States," Pezeshkian said at a meeting with Putin on the sidelines of a summit of the Gas Exporting Countries Forum in Moscow.

"Our trade is expanding and growing day by day. U.S. actions in the region make it easier for U.S. to move towards greater multilateralism and strengthen our cooperation with you and other countries subject to unilateral U.S. sanctions," he told Putin. Putin said he discussed the war with Pezeshkian, expressing hope that the situation would improve.

"We spoke earlier, one-on-one, about the situation in the region -- a situation that, undoubtedly, cannot help but cause concern," he said, adding that he hoped it would "evolve in a positive direction." Pezeshkian said he was confident the will existed on both sides to expand cooperation in science, industry, culture, security and milit

theguardian.com | 18 hrs. 24 min. ago

Tories dismiss PM’s budget ‘everyday fixes’ as little more than ‘cheaper gherkins’, and ‘an insult to families’ – UK politics live

#budget #customs union #European Union #Export #growth #Import #market #Options #R #REST #single market #tariff #tariffs #trade #union

Removing tariffs on more than 100 products, including gherkins and baked beans, was one of five measures announced this morning before tomorrow’s budgetIt is not just gherkins where the Treasury is cutting import tariffs. (See 9.07am.) Here is the lists from the Treasury of mostly food imports where tariffs are being cut.Garlic (8% + £100 per 100 kg)Gherkins (12%)Yes, I do.

We certainly stand taller in the world. The terrible projections of doom as to what would happen to our financial sector etc haven’t happened. Our growth rates are higher than our European competitors. Our exports, particularly of services to the European Union, have actually rocketed.

And we’ve now got more trade deals and more options around the rest of the world.Five months ago, Andy Burnham says … I’m not going to reopen these arguments.Two-and-a-half years ago, a Labour government got a massive majority in parliament saying we will not be re-entering the single market, the customs union, or opening up a debate on the free movement of people.

Continue reading...

independent.co.uk | 19 hrs. 3 min. ago

Canada's leader says Trump is backing down in trade war as US moves closer to his demands

#Canada #trade #trade war #Trump

Canadian Prime Minister Mark Carney said Monday that trade talks with U.S. President Donald Trump’s administration have picked up slightly

thestar.com | 20 hrs. 37 min. ago

American steel — not overseas dumping — dominates Canadian imports, trade data shows

#Dumping #Import #steel production #trade

Stelco's Hamilton operations steel production facility is pictured from across the Hamilton Harbour in Burlington, Ont., on Friday, Oct. 9, 2026. THE CANADIAN PRESS/Nick Iwanyshyn

koreatimes.co.kr | 1 days ago

Governments can't take their resilience for granted

#economy #Forecast #Fund #global economy #growth #IMF #Iran #pandemic #Russia #trade #Ukraine

Somewhat unexpectedly, the global economy has weathered the challenges of the past few years extraordinarily well. Following the pandemic, shock followed shock — Russia’s war on Ukraine, Washington’s rejection of rule-based liberal trade, then most recently the war with Iran. Any one of these might’ve led you to expect a severe economic setback, let alone all three combined.

Yet global output kept on growing. The International Monetary Fund’s new World Economic Outlook grapples with this puzzle — and sounds a warning that governments would be wise to heed. The system’s resilience has indeed been impressive, but there are limits. Steady growth against the odds has surprised the IMF’s economists as much as anyone: They’ve underestimated year-ahead global growth in every annual forecast since 2023. They currently expect output to expand by a respectable 3.1 percent this year and 3.4 percent in 2027, noting that some countries are doing better than others.

The pattern has shifted in favor of those, like the U.S., with two key characteristics: limited exposure to the energ

koreatimes.co.kr | 1 days ago

Seoul stocks trade nearly 4% higher Tuesday morning on renewed AI optimism

#AI #Anthropic #artificial intelligence #Benchmark #Dow Jones #earnings #Federal Reserve #Futures #growth #index #interest rate #IPO #KOSPI #Nasdaq #oil #oil price #Optimism #revenue #shares #Startup #stock #stocks #Tech #trade

Korean stocks traded higher late Tuesday morning, led by gains in technology shares, as renewed optimism over artificial intelligence (AI) and falling oil prices boosted risk appetite. After opening 3.46 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) extended its earlier gains to trade up 213.1 points, or 3.9 percent, to 5,682.6 as of 11:20 a.m.

Amid a rally driven by foreign buying, the Korea Exchange activated a buy-side sidecar at 10:13 a.m., suspending buy orders in program trading for KOSPI-listed shares for five minutes. The measure is triggered when KOSPI 200 futures rise at least 5 percent and remain at that level for one minute or longer.

Overnight, the Dow Jones Industrial Average gained 0.28 percent, while the S&P 500 advanced 0.7 percent and the tech-heavy Nasdaq Composite climbed 0.82 percent. Investor sentiment improved after AI startup Anthropic disclosed strong revenue growth in its U.S. initial public offering (IPO) filing, reigniting enthusiasm for AI-related stocks ahead of major tech earnings and the Federal Reserve's interest rate decision.

Oil

axios.com | 1 days ago

Economic policy vets see risks in AI overreliance

#AI #Bank #budget #China #CPI #Don #Fed #Federal Reserve #GDP #investment #jobs #Li #market #oil #R #real #Return #Taxes #trade #Trump

Harvard economist Jason Furman told Axios that if he were to return to his old job as chairman of the White House Council of Economic Advisers today, he would rely on AI tools over staff economists for much of the council's day-to-day analytical work.The big picture: Unsurprisingly, this made some waves in the online discourse, particularly the loose-knit community formerly known as Econ Twitter.Many veterans of the economic policy trenches see real risks in future policymakers becoming overly reliant on AI — or at a minimum think that Furman is underestimating the importance of human economists in advising the nation's leaders.What they're saying: "CEA work, at least in my experience, is highly bespoke as you're explaining the data flow (and much else) to very busy people who don't want only market-shop analysis," Jared Bernstein, the CEA chair under President Biden, wrote on Substack."Yes, they want and need that — what will the markets make of this CPI, jobs, GDP, etc. report — but more so they want to know how this report fits into our narrative, our agenda, the president's trip today to Iowa."He adds that within a White House, "the human skill of reading-the-room is paramount.

I'm far from an AI expert, but my sense is it sucks at that and probably always will, a conclusion that derives in no small part from listening to its creators!"Zoom in: Claudia Sahm, a former Federal Reserve economist, raised an issue that we've often heard from senior people in fields like consulting and investment banking: If you get rid of junior positions, where will future senior leaders come from?Furman's staff "went on to found the Yale Budget Lab, run Treasury economic policy and a Fed institute, serve in later [administrations], and publish research on trade, environment, and taxes.

That's what '20 staff' become," she wrote on X. "No model does that."Bloomberg chief U.S. economist Anna Wong argues that the "ability to now not depend on anyone, as a senior person, is very, very empowering. Now, with just the idea, a senior person can go far."Zoom out: "Entering into sci fi speculation," Wong wrote on X, "as humans [we're] not about to replace the aging experts due to low pipeline of young human experts, AI themselves, through the training over the years, became the one spawning the ideas.""That seems like a disaster waiting to happen that current social policy needs to address."Yes, but: Casey Mulligan, who served in President Trump's first-term CEA and now as chief economist at the Department of Health and Human Services, said that the implications of AI for human labor in policymaking are not so obvious."I built AI tools at two federal offices," Mulligan wrote on X. "Able to do economic research better and more quickly, we needed more economists rather than fewer due to the added demand for what we do.

This pattern is also evident in the small business sector."This concept — that labor-saving tools can actually increase demand for labor — is known as Jevons Paradox.The bottom line: "Be the labor-augmenting technological change you want to see in the world," wrote Stanford economist Neale Mahoney."It's on us olders to build organizations where people and AI complement each other, and to prepare the youngers for a world with better and better AI," he adds.

nationalpost.com | 1 days ago

Canada-U.S. trade war to end ‘soon,’ Trump says, but there’s no real sign of a breakthrough

#Canada #real #trade #trade war #Trump

Trump’s trade war with Canada has been a friction point ahead of the November midterm elections

livemint.com | 1 days ago

India, US fine-tuning trade deal after concluding most discussions, says minister Piyush Goyal

#GDP #India #tariff #tariffs #trade

The proposed trade agreement could give Indian exporters greater certainty on US tariffs as New Delhi pursues preferential access to economies accounting for a majority of global GDP.

theguardian.com | 1 days ago

Donald Trump has been a disaster for rural America

#Diesel #Export #R #trade #trade war #Trump

Steven Greenhouse | The president’s policies have taken such a toll on farmers that Republicans face trouble in deep-red statesDonald Trump’s policies have been a disaster for the nation’s farmers, so much so that a near electoral miracle may soon happen: Kansas, one of the deepest red, most rural states, may elect its first Democratic senator in nearly a century.After Trump won farm country handily in 2024, many rural voters in Kansas, Iowa and elsewhere have soured on him because the price of diesel fuel, a key input for farming, has soared by nearly 70%, farm bankruptcies have surged and because Trump’s trade wars have significantly reduced agricultural exports.Steven Greenhouse is a journalist and author, focusing on labor and the workplace, as well as economic and legal issues Continue reading...

livemint.com | 1 days ago

India’s green hydrogen ambition is going global; 14 deals in just the first four months of 2026, says Amitabh Kant

#energy #Export #India #market #trade

India signed 14 binding clean hydrogen supply contracts in the first four months of 2026, covering 311,520 metric tonnes of annual supply, with 62% destined for export markets, former NITI Aayog CEO Amitabh Kant said. The contracts signal India's growing ambitions in the global clean energy trade.

aljazeera.com | 1 days ago

Has Pakistan reopened its border with Iran for trade?

#Export #Iran #Pakistan #trade

Traders say some exports are crossing border after a weeklong halt, but Tehran says its cargo is not getting through.

globalnews.ca | 1 days ago

Trade war with Canada could end ‘pretty soon,’ Trump says during rally

#Canada #trade #trade war #Trump

Trump told a rally in Port Huron, Michigan, on Sunday that Canada had been "ripping off" the U.S. on trade and that the U.S. had no choice but to impose levies on Canadian goods.

thestar.com | 1 days ago

Trump says he expects trade war with Canada to end 'pretty soon'

#Canada #trade #trade war #Trump

President Donald Trump speaks during a campaign rally at McMorran Place Sports and Entertainment Center, Sunday, Oct. 25, 2026, in Port Huron, Mich. (AP Photo/Julia Demaree Nikhinson)

koreatimes.co.kr | 1 days ago

Who is Tami Overby?

#Bilateral #free trade #free trade agreement #FTA #investment #market #market access #silver #trade #United States

Tami Overby is a veteran U.S. business executive and trade advocate who played a key role in strengthening economic ties between Korea and the United States, including efforts to advance the Korea-U.S. Free Trade Agreement (KORUS FTA) and expand travel access for Korean citizens. During her tenure as president and CEO of the American Chamber of Commerce in Korea (AMCHAM) from 1995 to 2009, Overby was directly involved in bilateral trade discussions and advocated policies aimed at improving market access and business conditions for U.S. companies operating in Korea.

In 2009, former President Lee Myung-bak personally presented Overby with the Silver Tower Order of Industrial Service Merit in recognition of her contributions to attracting foreign investment to Korea over more than two decades and advancing the bilateral trade pact. The honor reflected her longstanding efforts to promote Korea as an investment destination for American businesses and deepen commercial ties between the two countries.

She also contributed to efforts that led to Korea's inclusion in the U.S. visa waiver program,

koreatimes.co.kr | 1 days ago

Lee says aware of farmers' concerns over CPTPP membership, vows to prevent unfair damage

#CPTPP #Export #Hold #market #trade

President Lee Jae Myung on Monday acknowledged concerns among farmers and fishermen over Korea's potential entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), ensuring he will make efforts to prevent any unfair damage to them. The president made the pledge during a meeting with representatives from the agricultural, fisheries, forestry and livestock industries as he sought to address controversies facing the sectors, including CPTPP membership.

Earlier this month, Lee ordered the government not to apply for CPTPP membership this year, pledging to hold sufficient consultations with farmers and fishermen who are opposed to Korea's entry into the major Indo-Pacific trade bloc. While CPTPP membership is expected to help boost Korea's exports, the agricultural and fisheries sectors are likely to take a hit from market opening.

"I know that there are worries and concerns over CPTPP ... To be clear, there will be no cases of you sustaining unfair damage," the president said, adding he had instructed officials to make decisions on CPTPP entry through suf

☕ Support newsmart

newsmart is free – and should stay that way.

#free #independent #curated #NoAds

No subscription, no ads, no tracking.
Just curated news from reliable RSS sources.
If you enjoy the service, I'd love a coffee. ☕

buymeacoffee.com/newsmart
Buy Me a Coffee QR-Code
koreatimes.co.kr | 1 days ago

Korea unlikely to join CPTPP by 2030

#Australia #Canada #CPTPP #free trade #Gross Domestic Product #Japan #loss #Stress #trade #United Kingdom

President Lee Jae Myung said Monday that Korea is unlikely to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) during his term, but stressed the need to lay the groundwork despite political criticism, while protecting farmers and fishers from losses. Speaking at a meeting with representatives from the farming, livestock, forestry and fisheries sectors at Cheong Wa Dae, Lee said joining the mega trade bloc requires approval from every member country, making negotiations potentially lengthy.

The CPTPP comprises 12 countries, including major economies such as Japan, the United Kingdom, Canada and Australia. It accounts for about 15 percent of global gross domestic product, making it one of the world’s largest free trade blocs. “Even if we pursue CPTPP membership, it is far more likely that a final agreement will not be reached during my term,” Lee said, referring to his single five-year presidency, which ends in June 2030. “Nevertheless, for the country as a whole, we have to do the groundwork despite some criticism so we can move to the next sta

Comments
Loading …