New UN data shows that annual financial aid from wealthy nations to poor countries for fighting climate change and adapting to its effects reached over $70 billion in 2016, according to Bloomberg.
Why it matters: The report arrives ahead of the next major UN climate summit in Poland next month, and climate finance will be among the items on the agenda, the story notes.
The Trump administration didn't interfere with the content of today's grim report about the damage we're already seeing from climate change. It just released the report in a way that will draw the least attention possible: by putting it out on Black Friday.
That's a good way to minimize the impact of a science-heavy report that clashes with President Trump's attitude toward climate change.
The Trump administration released a major new climate science report on Black Friday, warning of "hundreds of billions of dollars" in annual losses to some economic sectors without scaled up actions to adapt to current changes and slash emissions to avoid future warming.
Why it matters: The report by scientists from 13 federal agencies constitutes the second volume of the Fourth National Climate Assessment, which is a congressionally mandated report. Its conclusion: Lives and property are already at risk in the U.S. due to climate change.
Crude oil prices tumbled by several dollars to their lowest levels in over a year on Friday.
Why it matters: The latest slide will fuel the already intense focus on the December 6-7 OPEC meeting, where the cartel and allied producers — notably Russia — will decide on potential output cuts aimed at tightening the market.
From mass shootings to hurricanes and fires, The Associated Press reminds that "2018 was a year of loss unlike any other."
The big picture: In the past year, the U.S. has experienced two major hurricanes, several mass shootings, hate crimes and destructive fires. Amid the tragedy, people are focusing on unity this Thanksgiving season, sometimes without the traditional meal attached.
