Joe Biden’s administration on Friday issued a report warning that the climate crisis “poses serious and systemic risks to the US economy and financial system”.
The 40-page report, issued as the crucial Cop26 global climate talks are due to begin in Scotland at the end of the month, sets out steps for action as “climate impacts are already affecting American jobs, homes, families’ hard-earned savings, and businesses”.
The report lays out what the White House calls government-wide plans to protect the economy with steps that potentially alter the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting.
“The intensifying impacts of climate change present physical risk to assets, publicly traded securities, private investments, and companies … the failure of financial institutions … account for and measure these … risks threatens the competitiveness of US companies and markets, the life savings and pensions of US workers and families, and the ability of US financial institutions to serve communities,” the president said in the report.
British MP stabbed at constituency meeting
The Conservative MP David Amess has been stabbed multiple times while holding a constituency surgery, his office and police said on Friday. A man has been arrested.
The veteran MP, who has represented Southend West in Essex, south-east England, since 1983, was attacked at Belfairs Methodist church in Leigh-on-Sea, Sky News first reported.
In a brief statement, Essex police said a man had been arrested following an incident in Leigh-on-Sea.
They said: “We were called to reports of a stabbing in Eastwood Road North shortly after 12.05pm. A man was arrested shortly after and we’re not looking for anyone else. We’ll bring you more info when we have it.”
The Sky report said a man walked into the constituency surgery and stabbed the MP a number of times, and that Amess was receiving treatment at the scene.
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