Paris climate agreement

BP agrees to activists' calls for wider climate disclosure

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Photo: Alexander Demianchuk/TASS via Getty Images

BP is supporting a proposal by activist investors that calls on the multinational giant to disclose how its spending and strategies sync up with the Paris climate agreement. In a related move, BP said progress on greenhouse gas cuts will factor into the pay of 36,000 employees, including executive directors.

Why it matters: Friday's move is the latest sign of how some of the world's biggest fossil fuel producers are responding to pressure from advocates — including some large investors — on global warming.

Brookings: The economic case for staying in the Paris agreement

Nations who abandon the Paris agreement designed to tackle global climate change would ultimately be worse off economically despite some GDP benefits from reneging, according to a new analysis of the Paris climate deal by researchers with the Brookings Institution.

Why it matters: The study arrives at a fragile moment in global climate diplomacy, even as more research piles up about the dangers of failing to steeply cut emissions. The U.S. is preparing to abandon the deal and now Brazil's new far-right president is undercutting confidence in that country's green commitments.

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