Walker says NO to carbon tax; Cooking the Books in Brazil means $ for the US

Gov accepts climate change plan
Kevin Gullufsen, Juneau Empire, September 26, 2018

Gov. Bill Walker on Wednesday approved a wide-ranging list of recommendations to address climate change impacts in Alaska and announced a series of “early actions” the state could take. The Alaska Climate Action Plan is the product of 10 months of work by a group of Alaskans representing the oil and gas industry, science, tribal entities, conservation and development, among others. After Walker signed an administrative order last year calling for the plan, the team of 21 Alaskans developed the 38-page document and a shorter list of Alaska Climate Policy Recommendations

Our Take: Non-binding plan, Governor says “no” to the carbon tax that would pay for implementation, where does it go from here? Our prediction? Nowhere. In the meantime, industry will continue to do the work they’ve been doing to reduce emissions. Don’t confuse activity with results.

From the Washington Examiner, Daily on Energy:

SECRETARY GENERAL SAYS CLIMATE CHANGE IS THE ‘ABSOLUTE PRIORITY’ OF THE UNITED NATIONS: UN Secretary General Antonio Guterres said Wednesday that combating climate change is the “absolute priority” of the international organization and underscored the need for faster action.

“Climate change is the defining issue of our time – and we are at a defining moment,” Guterres at the Informal Leaders Dialogue on Climate Change, held on the sidelines of this week’s General Assembly meeting.

“We have many priorities in the UN – peace and security, human rights, and development – but I would say that this is the absolute priority.”

Our Take: Climate Change is more important than human rights? A cynical person would see this as a political statement meant to gain more money form other countries as the US reduces their financial support.

Petrobras in $853m settlement of bribery case that rocked Brazil
Andres Schipani, Financial Times, September 27, 2018

Petrobras has agreed to pay $853.2m in penalties over the “Lava Jato” bribery scandal that rocked Brazil’s establishment and led to a jail sentence for Luiz Inácio Lula da Silva, the former president. The deal, announced on Thursday, is one of the biggest ever corruption-related settlements. It resolves US Department of Justice claims that Brazil’s state-run oil company violated the Foreign Corrupt Practices Act as well as related cases with the US Securities and Exchange Commission and Brazilian authorities. Former Petrobras executives and board members “facilitated the payment of hundreds of millions of dollars in bribes to Brazilian politicians and political parties and then cooked the books to conceal the bribe payments from investors and regulators”, Brian Benczkowski, US assistant attorney-general, said.