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July 8th - According to CNN, citing three sources familiar with the decision-making process, prior to the February 28th attacks on Iranian targets, senior U.S. military commanders ignored warnings in key databases that intelligence regarding potential Iranian targets was severely outdated and approved multiple strikes, including an attack on an Iranian girls school that killed nearly 200 children and adults. The sources stated that the system contained warnings indicating that the intelligence was based on data from years ago and needed to be reviewed, and that adding targets to the strike list required approval from senior officers. Two of the sources indicated that senior commanders ignored the warnings for "efficiency reasons," as identifying targets was urgently needed in the early stages of a war, but this directly led to the mistaken bombing of the school. This attack is one of the deadliest civilian casualties in recent U.S. military operations.July 8th - According to Iranian state television today (July 8th), the US attack on Sirik in southern Iran has resulted in multiple injuries. Iranian President Pezechzian, who had just arrived in the Iraqi Shiite holy city of Najaf a few hours earlier, has left Iraq and returned home ahead of schedule. Pezechzian was scheduled to attend the funeral service for the late Iranian Supreme Leader Ali Khamenei in Iraq today.Bahrains Foreign Ministry condemned Irans attacks on Saudi and Qatari oil tankers, calling the incidents a "serious violation of international law" and a threat to maritime security and global energy supplies.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.25% to 52,925.15 points, the S&P 500 fell 0.45% to 7,503.85 points, and the Nasdaq Composite fell 1.16% to 25,818.69 points. Caterpillar fell more than 3%, Honeywell International fell more than 2%, leading the decline in chip stocks, with the Philadelphia Semiconductor Index falling 4.65% and Intel falling more than 9%. The Wind U.S. Tech Big Seven Index fell 0.01%, Tesla fell more than 4%, Facebook rose more than 2%, and SpaceX fell nearly 7%. 2. The three major European stock indexes closed mixed. The German DAX fell 1.37% to 25,465.25 points; the French CAC40 fell 0.51% to 8,436.24 points; and the UK FTSE 100 rose 0.13% to 10,665.88 points. 3. The WTI crude oil futures contract rose 5.32% to $72.2 per barrel; the Brent crude oil futures contract rose 5.49% to $75.94 per barrel. 4. International precious metals futures generally closed lower. COMEX gold futures fell 1.22% to $4116.60 per ounce, and COMEX silver futures fell 3.09% to $60.41 per ounce. 5. Most London base metals fell. LME aluminum rose 0.75% to $3139.0 per tonne, LME lead rose 0.40% to $1887.5 per tonne, LME tin fell 0.12% to $53000.0 per tonne, LME copper fell 0.51% to $13334.5 per tonne, LME zinc fell 0.56% to $3571.0 per tonne, and LME nickel fell 0.90% to $16275.0 per tonne.According to Iranian state television, Iranian President Peshizian has left Iraq and returned to Iran after the United States launched airstrikes on southern Iran.

EU Legislature Committees Disagree With The "Green" Term For Gas And Nuclear Projects

Charlie Brooks

Jun 15, 2022 11:13

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Tuesday, two European Parliament committees supported an effort to prevent the EU from labeling gas and nuclear energy as climate-friendly investments, paving the way for a full parliament vote next month on whether to reject the guidelines.


The environment and economic committees of Parliament supported a resolution that seeks to thwart a proposal by the European Commission to include gas and nuclear in the European Union's taxonomy - a labeling system for "sustainable" investments intended to steer private capital towards those that support climate change targets.


EU nations and legislators are divided over whether the fuels are sufficiently green to merit this name, echoing larger divisions over how Europe can fulfill its climate objectives, and the EU plan might be rejected.


Beginning in July, the whole European Parliament will vote on the resolution. With the support of at least half of its 705 legislators, the gas and nuclear regulations would be blocked.


The resolution states that based on current EU regulations, gas and nuclear cannot be deemed sustainable, and labeling them as green would deceive investors. Tuesday, it passed with 76 votes in favor and 62 against.


"We are already cash-strapped and need every euro for solar and wind power," said Michael Bloss, a German Green MP who backed the measure.


Pascal Canfin, chairman of the environment committee, was among those who opposed it, citing the proposed regulations that designate natural gas and nuclear energy climate-friendly with the proviso that they are "transitional activities" that cannot yet be deemed totally environmentally friendly.


French politician Canfin said that this delegated act is consistent with the reality of the alternatives available to progress toward carbon neutrality.


The invasion of Ukraine by the world's leading gas supplier, Russia, has exacerbated disputes about gas dependence. Eastern European nations have argued that investments in natural gas are necessary to replace more polluting coal, while others argue that labeling CO2-emitting natural gas as sustainable weakens efforts to combat climate change.


Meanwhile, pro-nuclear governments, such as France, regard the CO2-free energy source as important to achieving climate goals, while opponents, such as Germany, highlight waste disposal issues.


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