The Cuadrilla fracking site in Preston, England. Photo: Christopher Furlong/Getty Images

The United Kingdom has issued a moratorium on hydraulic fracking, citing concerns about earthquakes that could create "unacceptable impacts," the AP reports.

The big picture: "The ban marks a major U-turn for the Conservative party and the Prime Minister Boris Johnson, who once referred to fracking as 'glorious news for humanity' and urged the UK to 'leave no stone unturned, or unfracked' in pursuit of shale gas, the Guardian reports.

Between the lines: Fracking has far less of a presence in the U.K. than the U.S., where Democratic 2020 candidate Elizabeth Warren has vowed to ban the process if elected president.

  • "The UK’s only active fracking site at Preston New Road in Lancashire was brought to an immediate halt this summer after fracking triggered multiple earth tremors that breached the government’s earthquake limits," the Guardian notes.

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The 53 countries supporting China's crackdown on Hong Kong

Saudi Crown Prince Mohammed bin Salman with Chinese President Xi Jinping. Photo: Rolex/Pool/Getty Images

China's foreign ministry and state media have declared victory after 53 countries joined a statement at the UN Human Rights Council supporting Beijing's new national security law for Hong Kong — compared to 27 who criticized the law.

The big picture: The list of 53 countries was not initially published along with the statement, but has been obtained by Axios. It is made up primarily of autocratic states, including North Korea, Saudi Arabia, Syria and Zimbabwe.

CO2 emissions may have peaked, but that's not enough

Reproduced from DNV GL; Chart: Axios Visuals

More analysts are making the case that COVID-19 could be an inflection point for oil use and carbon emissions, but it's hardly one that puts the world on a sustainable ecological path.

Driving the news: The risk advisory firm DNV GL, citing the pandemic's long-term effects on energy consumption, projects in a new analysis that global CO2 emissions "most likely" peaked in 2019.

U.S. economy added 4.8 million jobs in June

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added 4.8 million jobs last month, while the unemployment rate dropped to 11.1% from 13.3% in May, according to government data released Thursday.

The state of play: While the labor market showed more signs of recovery when the government’s survey period ended in early June, the lag means that more recent developments, like the surge in coronavirus cases and resultant closures in some states, aren't captured in this data.