President Donald Trump’s nominee to be ambassador to the United Nations, Kelly Craft, spent the equivalent of seven months of her 20-month tenure as U.S. ambassador to Canada back in the United States in places where she had homes, according to findings by the Senate Foreign Relations Committee’s Democratic staff. The minority staff’s findings are drawn from previously undisclosed documents provided by the State Department and Craft to the full committee following a June 19 hearing.Story Continued Below During the hearing, Craft came under fire for her frequent absences from the embassy in Ottawa, after POLITICO obtained Federal Aviation Administration records showing her family plane had made the equivalent of weekly roundtrips to the United States. The issue of her absences took on greater significance because Craft, a political appointee with close ties to Senate Majority Leader Mitch McConnell, lacked the extensive diplomatic or political experience typical of a … [Read more...] about Kelly Craft was out of Canada for half her days as ambassador
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Sections SEARCH Skip to content Skip to site index Energy & Environment Subscribe Log In Log In Today’s Paper Energy & Environment | U.S. Oil Companies Find Energy Independence Isn’t So Profitable Advertisement Supported by ByClifford Krauss June 30, 2019 HOUSTON — For decades, elected leaders and corporate executives have chased a dream of independence from unstable or unfriendly foreign oil producers. Mission accomplished: Oil companies are producing record amounts of crude oil and natural gas in the United States and have become major exporters. Yet the companies themselves are finding little to love about this seeming bonanza. With a global glut driving down prices, many are losing money and are staying afloat by selling assets and taking on debt. The value of oil and gas stocks as a proportion of the S&P 500 over the last six years has dropped to about 4.6 percent, from … [Read more...] about U.S. Oil Companies Find Energy Independence Isn’t So Profitable
Matthew Lee AP Diplomatic Writer Published 7:42 AM EDT May 7, 2019 Rovaniemi, Finland – The Arctic is melting, but don’t ask U.S. Secretary of State Mike Pompeo to talk about climate change. Nor even to agree on a text that mentions it. For the Trump administration, disappearing sea ice in the world’s “high north” appears to be first and foremost an economic opportunity to exploit rather than a crisis to mitigate. That position was made clear by Pompeo over two days of meetings in the northern Finnish city of Rovaniemi involving the foreign ministers of the eight members of the Arctic Council – Canada, Denmark, Finland, Iceland, Norway, Russia, Sweden and the United States. “Steady reductions in sea ice are opening new naval passageways and new opportunities for trade, potentially slashing the time it takes for ships to travel between Asia and the West by 20 days,” he said in a speech Monday, which was met with polite but muted … [Read more...] about Climate change missing as U.S. defends Arctic policy
By Suzanne Kapner WSJ Sun., April 14, 2019 New York could become the latest city to ban the sale of fur. There is just one problem: Consumers can’t seem to get enough of fluffy animal hides. The U.S. production of fur used in apparel and accessories has been climbing for a decade and in 2018 reached its highest level in 17 years, according to Euromonitor International. Compared with a 2009 low, annual U.S. fur sales more than doubled to $531 million last year. Once mainly used in coats, fur is now used to adorn everything from sneakers to pillows to purses. Sales at Canada Goose Holdings Inc., known for its down parkas trimmed in coyote fur, jumped 50% in the most recent quarter from a year ago. Macy’s Inc., which sells a number of fur products including mink coats and rabbit-fur keychains, has said fur sales are “fairly strong.” “If they can afford it, they are buying it,” said Nick Pologeorgis, a second-generation furrier in … [Read more...] about Bans on Fur Threaten an Industry’s Rebirth
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: The Bigger Picture Behind Amazon Ditching N.Y. DealBook Supported by Feb. 15, 2019 Good Friday morning. (Was this email forwarded to you? Sign up here .) What Amazon’s U-turn means Amazon yesterday canceled its plans to build a huge corporate campus in New York City. • The decision was an abrupt turnabout after a yearlong search for a second headquarters. The tech giant ultimately decided to open two new sites — in Queens and in Virginia. Each would have gained an estimated 25,000 jobs. • But Amazon faced a backlash in New York from lawmakers, activists and union leaders who said it didn’t deserve nearly $3 billion in government incentives. • “The company made its decision late Wednesday, after growing increasingly concerned that the backlash in New … [Read more...] about DealBook Briefing: The Bigger Picture Behind Amazon Ditching N.Y.