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US President Joe Biden spoke of the potential economic and standard of living benefits that could come as a result of addressing climate change. He said that the world is at an inflection point in dealing with the situation. President Biden delivered brief remarks at an economic forum on energy and climate. He said, “I wanted to show that we’re at an inflection point, and there’s a real consensus, a real consensus that while the climate crisis poses an existential threat, there is a silver lining. The climate crisis also presents real and incredible economic opportunities to create jobs and lift the standard of living for people around the world”. President said he’s planning historic investment and to modernize our climate-resilient infrastructure to build a clean-energy future that creates millions of jobs and ushers in new industries of the future.

Biden also warned against getting too close to a Point of No Return, citing hurricanes, flooding, and fires in regions across the globe, including temperatures of 118 degrees in the Arctic Circle. He encouraged other countries to bring their highest possible ambitions to November’s UN Climate Change Conference (known as COP26) in Glasgow, Scotland. Biden said, “The US is committed to reducing greenhouse emissions between 50 and 52% below 2005 levels by the year 2030. There was an objective to have a power sector free of carbon in up to 50% of cars sold in the US, by 2025”. But the White House later corrected this, stating that the goal is to achieve this by 2035. President Biden added, “This will not only rapidly reduce the rate of global warming, but it will also produce very valuable side-benefit like improving public health and agricultural output”.

The US Department of Justice (DOJ) is in talks with Huawei and lawyers for its Chief Financial Officer Meng Wanzhou about an agreement. The supposed agreement could allow her to return to China. Both parties have been in talks for weeks. Meng was arrested at Vancouver International Airport in December 2018 on a warrant from the United States, charging her with fraud for allegedly misleading HSBC about Huawei’s business dealings in Iran. She has maintained her innocence and is fighting extradition, is confined to Vancouver, and is monitored 24/7 by private security that she pays for as part of her bail agreement. Judicial hearings in her extradition case wrapped up in August with the date for a ruling to be set on 21^st October.