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Pepe Escobar – Made in China: G20 and its geoeconomic significance

What has just taken place in Hangzhou, China, is of immense geoeconomic importance. Beijing from the start treated the G20 very seriously; this was designed as China’s party, not the declining West’s. And much less Washington’s. Outlining the agenda for the discussions, President Xi Jinping went straight to the point also geopolitically, as he set the tone: “The outdated Cold War …

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Nadia Prupis – TPP Would Make Climate Goals ‘Nearly Impossible’ to Reach: Report

In unsurprising news, a report has found that so-called free trade deals like the Trans Pacific Partnership (TPP) would make it nearly impossible to reach the goals set out by the Paris climate agreement. If passed, the TPP would impair the treaty’s mission by supporting high-emission industries like fossil fuels and agriculture while suppressing climate action at the national and local …

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Lauren McCauley – ‘The Mother of All Risks’: Insurance Giants Call on G20 to Stop Bankrolling Fossil Fuels

Warning that climate change amounts to the “mother of all risks,” three of the world’s biggest insurance companies this week are demanding that G20 countries stop bankrolling the fossil fuels industry. Multi-national insurance giants Aviva, Aegon, and Amlin, which together manage $1.2tn in assets, released a statement Tuesday calling on the leaders of the world’s biggest economies to commit to ending coal, …