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[German Institute for Economic Research: The weakening of Germanys economic potential stems from a failed ecological transition] Fratzcher, director of the German Institute for Economic Research, said that the potential growth rate of the German economy may be below 1% within ten years. The weakening of Germanys economic potential stems from a failed ecological transition, an overreliance on fossil fuels and expensive imported energy sources, and a neglected transition to sustainable and innovative technologies.[Germanys main economic research institutions issued a joint report saying that the German economy faces long-term weakness] On the 29th local time, the main German economic research institutions, the German Institute for Economic Research, the German Institute for World Economic Research, the Leibniz Institute for Economic Research and the Ifer Institute for Economic Research The joint report issued stated that due to the shortage of skilled workers and high energy import prices, the German economy will face continuous weakness for many years. It is expected that the annual growth rate of the economy in the medium term will be less than 1%, which is far below the average level of the past 30 years.British Ministry of Defense: Ukrainian soldiers have arrived in the UK to receive training on the "Challenger 2" tank, which is expected to end in the spring.Qatari Foreign Minister: During his visit to Iran, he conveyed information from the United States to Iran.Market news: Iran and Qatars foreign ministers discussed the Iran nuclear deal.

Biden Reversing Trump's Decision to Expand Oil Drilling in The Arctic

Haiden Holmes

Apr 26, 2022 10:01

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On Monday, the Biden administration rescinded a Trump administration proposal that would have permitted the government to lease more than two-thirds of the country's greatest tract of public property to oil and gas drilling.


The decision by the Bureau of Land Management reduces the amount of land available for lease in Alaska's National Petroleum Reserve, a nearly 23 million-acre zone home to species such as caribou and polar bears.


The decision reverts to an Obama-era plan that authorizes fossil fuel exploitation in up to 52% of the reserve, vs the Trump administration's desire to open up 82 percent of the land to drilling. Additionally, it will reinstall some environmental safeguards for designated portions of the reserve, including Teshekpuk Lake, a wildlife-rich wetland complex.


The action comes after the Bureau of Land Management awarded the fewest oil and gas permits for drilling on public lands under the Biden administration earlier this year.