Jan 25, 2018

Gore defends Trump's solar tariffs

Gore speaks at an event in Sydney, Australia last year. Photo: Brendon Thorne / Getty Images

Former vice president and climate activist Al Gore defended President Trump's move earlier this week to impose tariffs on solar panel imports, Politico reports.

Why it matters: It's a rare sign of agreement between Gore, one of the most outspoken advocates for acting on climate change, and Trump, who openly mocks climate change and is taking steps to reverse policies addressing the problem. Solar energy helps address climate change, but the trade issues related to it are more complicated, as Gore indicated Thursday.

Quoted: “I don't typically defend him. (But) I will say, in this case, it really did not start with him,” Gore said on a panel at the World Economic Forum in Davos, Switzerland. “This was a trade action brought by private companies. They chose a kind of midpoint in the range of alternatives ... It could have been handled differently, should have been handled differently, but it's not an utter catastrophe.”

Big picture: This is actually the third, and broadest, set of tariffs the U.S. government has issued on solar imports in recent years. The Obama administration issued two earlier rounds of tariffs on a narrower set of imports.

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Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.