Scoop: President Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. www.bloomberg.com/news/article... #climate #oil

Exclusive by @jendlouhy.bsky.social: Biden is mulling exempting Mexico from tariffs on imported solar, a last-minute change that would primarily benefit Maxeon Solar, a Singapore-based manufacturer majority-owned by China’s TCL Zhonghuan Renewable Energy Technology www.bloomberg.com/news/article...

Tough climate talks came to the brink of failure before reaching a $300 billion deal. It was messy. Few left happy. Yet it validates the current system of climate diplomacy still can nudge progress on a global scale. www.bloomberg.com/news/feature... @johnainger.bsky.social @akshatrathi.bsky.social

Back from the brink: After a chaotic day of COP29 talks marked by finger-pointing & frustration, key factions homed in on a possible deal to deliver billions of dollars for poor nations confronting climate change: www.bloomberg.com/news/article... w/ @akshatrathi.bsky.social @johnainger.bsky.social

We're one day away from scheduled end of #COP29. The mood can be summed up as "anger". New text drafts have made seemingly no one happy. www.bloomberg.com/news/article... Story with @johnainger.bsky.social & @jendlouhy.bsky.social.

Mexico will pursue a net-zero economy by 2050 — part of a commitment outlined at COP29 alongside the EU, Canada and other countries seen prodding the world’s biggest emitters to boost their own climate ambition. www.bloomberg.com/news/article...

The EU, US & other nations are making a last-ditch push to throttle tens of billions of dollars in annual support for foreign oil & gas projects - a multilateral finance ban some say would be "Trump-proof." They're confronting opposition from South Korea & Turkey. www.bloomberg.com/news/article...

Biden's energy secretary, Jennifer Granholm, said it's up to the incoming Trump administration to implement the forthcoming LNG exports report, a signal there won't be license approvals or denials before Inauguration Day. www.bloomberg.com/news/article... #COP29 #LNG