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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
PoliticsCOP26

Biden calls out Russia at COP26—first for skipping the climate conference, then for not pumping enough oil

By
Katherine Dunn
Katherine Dunn
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By
Katherine Dunn
Katherine Dunn
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November 2, 2021, 5:19 PM ET

U.S. President Joe Biden hit out at Russia and China’s absence at the COP26 climate conference on Tuesday, even as he was pushed to justify whether support behind his own $1.75 trillion climate legislation was crumbling back home.

Speaking from Glasgow, Scotland, where the conference is taking place, Biden said that the United States “showed up” to demonstrate climate leadership, calling the absence of fellow leaders Vladimir Putin and Xi Jinping “a big mistake.”

“[China] walked away. How do you do that and claim to be able to have any leadership now?” he said. “Same with Putin, and Russia. Literally, the tundra is burning. He has serious, serious climate problems. And he is mum on the willingness to do anything.”

But Biden’s defense of the U.S.’s return to climate leadership—after a four-year absence under the Trump administration, which withdrew the country from the Paris Agreement—comes amid a difficult struggle at home over whether his “Build Back Better” infrastructure plan can pass. That plan, which devotes more than half a trillion dollars to climate efforts alone, is in danger of falling apart as support is withheld by Sen. Joe Manchin (D-W.Va.), who said he had “never signed off” on the framework.

“I think that I’ve made it clear to Joe [Manchin] . . . that it’s going to lower inflation, raise wages, and increase competition and create 2 million jobs, etcetera,” he said. “I think we’ll get this done.”

Biden’s appearance also comes amid rising inflation, and sharp energy price rises in particular. Questioned on rising gas prices, Biden again turned to an approach he has taken for months, putting the blame squarely on major oil and gas producers—a somewhat incongruous admission at a climate change conference that has largely called for the end of fossil fuels.

“That is a consequence of, thus far, the refusal of Russia or the OPEC nations to pump more oil,” said Biden.

Division at home has cast a distinct shadow over Biden’s trip to Glasgow. While the U.S. President reminded attendees that he had returned the country to the Paris Agreement immediately upon taking office, and that he had been repeatedly told by other leaders how glad they were to have the U.S. back at the table on climate change, he has often seemed to be directing his message of climate action squarely back across the Atlantic, arguing on Tuesday in his national statement that his plan was a chance to make a “generational investment” in the U.S.

More politics coverage from Fortune:

  • A shortage of 80,000 truck drivers is wreaking havoc on the supply chain—and it’s about to get worse
  • It could take nearly a decade for public transit to return to pre-pandemic levels
  • Top D.C. financial regulators release stablecoin report and urge Congress to pass legislation
  • FDA tightens rules for breast implants, after deaths and years of scrutiny over health risks
  • Greenpeace to take Volkswagen to court in effort to stop it from selling polluting cars

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