Home

Canada’s biggest banks come in at bottom of low-carbon finance ranking

Published Mon, 16 Dec 2024 20:54:46 GMT

TORONTO — A report by BloombergNEF finds that while Canada’s top five banks are among the biggest energy financiers globally, they rank among the worst of the top 100 when measured on how much of that funding is directed to low-carbon sources.The report found that in 2022 banks globally directed an estimated 73 cents toward low-carbon energy for every dollar supporting fossil fuel supply, or a 0.73-to-one ratio. That’s well off the four-to-one ratio the report notes they need to hit this decade to limit global warming to 1.5 C. Canada’s biggest banks ranged in ratios of between 0.45:1 for BMO’s $18.9 billion in energy funding, enough to place it 88th in the ranking, down to 0.32:1 for Scotiabank’s $35.9 billion in funding, which pushed it below the top 100.In between, CIBC had a 0.41:1 ratio for its $17.9 billion in funding, RBC had a 0.37:1 ratio for its $42.7 billion, and TD Bank had a 0.35:1 ratio for its $30.2 billion in funding, putting it at the b...

Amazon, Target and more will stop selling water beads marketed to kids due to rising safety concerns

Published Mon, 16 Dec 2024 20:54:46 GMT

NEW YORK (AP) — Three major retailers — Amazon, Target and Walmart — say they’re suspending sales of water-bead products marketed to young children due to growing safety concerns.Water beads are small, colorful balls made of superabsorbent polymers. They are often sold as toys, including in craft activity kits, and as sensory tools for children with developmental disabilities. But warnings about the dangers of the beads being ingested have been piling up. “When (water beads) absorb water, they can swell to many times their size,” said Dr. Joshua King, medical director of the Maryland Poison Center. “And while most even still pass through the gut without trouble, occasionally they swell to a size where they actually obstruct the bowel.”This can lead to severe discomfort and life-threatening injuries, the U.S. Consumer Product Safety Commission notes in online guidance — adding that water beads can also end up in ears, causing damage or hearing loss. According to the regulator, ...

Palestinian envoy in Ottawa praises Canada’s UN vote for ceasefire, seeks more action

Published Mon, 16 Dec 2024 20:54:46 GMT

OTTAWA — The Palestinian ambassador in Ottawa is praising Canada’s vote at the United Nations for a ceasefire in the Gaza Strip, while urging the Canadian government to do more to stop Israel’s military campaign. Mona Abuamara, the chief representative of the Palestinian General Delegation to Canada, says Ottawa could act as a catalyst and inspire other countries to push for a peaceful two-state solution that would include a Palestinian country.Canada voted in favour of a non-binding resolution at the UN General Assembly on Tuesday that called for “an immediate humanitarian ceasefire” between Israel and Hamas, a departure from its long-standing policy to side with Israel in major UN votes. The conflict began in October when Hamas militants killed 1,200 people in brutal surprise attacks on Israel, taking another 240 people hostage.Israel has responded by withholding vital supplies from the Hamas-controlled Gaza Strip, bombarding it with airstrikes and conducti...

GOP lawmakers sink aid to Penn as statehouses watch how universities are handling Israel-Hamas war

Published Mon, 16 Dec 2024 20:54:46 GMT

HARRISBURG, Pa. (AP) — Republican lawmakers in Pennsylvania defeated legislation to send $35 million to the University of Pennsylvania’s veterinary school over criticism that the school has tolerated antisemitism, as statehouses across the U.S. eye how higher ed is handling tensions around the Israel-Hamas war.The bill’s defeat is perhaps the starkest example of how some lawmakers and governors around the country are trying to keep universities from taking sides and to toughen the schools’ response to acts of hate and discrimination, including antisemitism and Islamophobia.The vote came four days after Penn President Liz Magill resigned amid pressure from donors and criticism over testimony at a congressional hearing where she was questioned about whether calls on campus for the genocide of Jewish people would violate the Ivy League school’s conduct policy.Annual state aid for Penn’s veterinary school normally draws strong bipartisan support in Pennsylvania’s Legis...

Ohio clinics want abortion ban permanently struck down in wake of constitutional amendment passage

Published Mon, 16 Dec 2024 20:54:46 GMT

Abortion clinics in Ohio are pushing for a court to strike down abortion restrictions now that voters have enshrined abortion rights into the state Constitution, arguing that even the state’s Republican attorney general says the amendment invalidates the ban.The push comes on the heels of an amendment that Ohio voters approved last month that ensures access to abortion and other reproductive health care. It took effect last week.A law signed by Republican Gov. Mike DeWine in April 2019 prohibited most abortions after the first detectable “fetal heartbeat.” Cardiac activity can be detected as early as six weeks into pregnancy, before many women know they are pregnant.The law had been blocked through a federal legal challenge, briefly went into effect when the landmark 1973 Roe v. Wade decision was overturned, and then was again put on hold in county court.Republican Attorney General Dave Yost appealed that ruling to the state Supreme Court, which is reviewing the case, but he decline...

Ukraine’s a step closer to joining the EU. Here’s what it means, and why it matters

Published Mon, 16 Dec 2024 20:54:46 GMT

BRUSSELS (AP) — Ukraine got a green light Thursday to start sped-up talks on joining the European Union. That’s a big boost for war-ravaged Ukraine and a loud message to Vladimir Putin – but it could be years or even decades before the country actually becomes a member of the EU.Here’s a look at what Thursday’s decision means, and why joining the EU is especially important, and especially hard, for Ukraine.WHAT IS THE EU AND HOW DO YOU JOIN?The European Union was born after World War II as a trading bloc with a bold ambition: to prevent another war between Germany and France. The six founding members were Belgium, France, Germany, Italy, the Netherlands and Luxembourg.Since then, the EU has steadily expanded to contain 27 democratic nations, many from the former communist bloc in Eastern Europe, inspired by the idea that economic and political integration among nations is the best way to promote prosperity and peace.This notably led to the creation of the shared euro currency in 199...

Brazil’s Congress overrides president’s veto to reinstate legislation threatening Indigenous rights

Published Mon, 16 Dec 2024 20:54:46 GMT

SAO PAULO (AP) — Brazil’s Congress on Thursday overturned a veto by President Luiz Inácio Lula da Silva so it can reinstate legislation that undoes protections of Indigenous peoples’ land rights. The decision sets a new battle between lawmakers and the country’s top court on the matter.Both federal deputies and senators voted by a wide margin to support a bill that argues the date Brazil’s Constitution was promulgated — Oct. 5, 1988 — is the deadline by which Indigenous peoples had to be physically occupying or fighting legally to reoccupy territory in order to claim land allotments.In September, Brazil’s Supreme Court decided on a 9-2 vote that such a theory was unconstitutional. Brazilian lawmakers reacted by using a fast-track process to pass a bill that addressed that part of the original legislation, and it will be valid until the court examines the issue again.The override of Lula’s veto was a victory for congressional supporters of former President Jair Bols...

Virginia lawmaker with Parkinson’s helps lead the charge in creating panel to fight the illness

Published Mon, 16 Dec 2024 20:54:46 GMT

WASHINGTON (AP) — With a nod to a colleague struggling with an aggressive form of Parkinson’s disease, members of the House saved, for likely the last vote of the year, a bill they hope may one day help stomp out the debilitating illness.The bill is named for Democratic Virginia Rep. Jennifer Wexton, who has the disease, and Republican Florida Rep. Gus Bilirakis’ brother, who passed away in May after a long battle with it.The legislation sets up an advisory council of public health experts and others in the private sector who will provide an annual report evaluating efforts to prevent, treat and cure Parkinson’s. Bilirakis and Rep. Paul Tonko, D-N.Y., are the lead sponsors of the legislation.Thursday’s vote was hardly controversial, passing by a vote of 407-9, but it was emotional.Wexton, now serving her third term representing a Northern Virginia district, has physically deteriorated so rapidly this year that colleague Jennifer McClellan, D-Va., read Wexton’...

Dems push for better gun violence prevention 11 years after Sandy Hook

Published Mon, 16 Dec 2024 20:54:46 GMT

WASHINGTON (NEXSTAR) – Thursday, on the steps of the Capitol building, House Democrats reflected on the 11 years since the Sandy Hook shooting, and the remaining need for gun violence prevention."We will not rest until we end the gun violence epidemic in the United States of America," House Democratic Leader Hakeem Jeffries (D-N.Y.) said.Jeffries says his party is ready to make necessary changes to protect Americans."But extreme MAGA Republicans are standing in the way," Jeffries said.In 2022, Everytown says there were 635 mass shootings in the country. Rep. Jahana Hayes (D-Conn.) is demanding action to keep kids safe."It should be something that we are putting on the floor and taking a vote on so that the American people know where we stand on gun violence," Hayes said. Some Republicans recognize the problem with gun violence in the country, but say Democrats and the president are not getting to the root of the issue.

Senators say diabetes and obesity epidemics are harming health of millions of Americans and costing billions of dollars

Published Mon, 16 Dec 2024 20:54:46 GMT

WASHINGTON (NEXSTAR) -- “According to the American Diabetes Association, the total cost of diabetes in the United States was nearly $413 billion last year,” Senator Bernie Sanders (I-Vermont) said. “That’s up 27% over the past six years.” Sanders, chairman of the Senate Health, Education Labor and Pensions committee, said during a hearing on Thursday that the problem is only expected to get worse. “According to the CDC, the number of children in America with Type 2 diabetes is estimated to skyrocket by nearly 700% over the next 40 years unless we get a handle on that,” Sanders said. Lawmakers on the committee say addressing the problem is two-fold: bringing down the cost of prescription drugs and holding the food industry accountable. Dr. Kasia Lipska, associate professor of medicine at Yale School of Medicine, told the committee that the rising cost of insulin has put some of her patient’s health in jeopardy. “These prices are absolutely outrageous,” Dr. Li...