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Biden Rejoins Paris Climate Agreement, Halts Arctic Oil Leasing

  • Notification to United Nations will take effect in 30 days
  • Imposes temporary moratorium on oil leasing in Arctic refuge
Bloomberg business news
Biden Plans Sweeping Orders to Unwind Trump Policies
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President Joe Biden signed sweeping actions to combat climate change just hours after taking the oath of office, moving to rejoin the Paris accord and imposing a moratorium on oil leasing in the Arctic National Wildlife Refuge.

Environmentalists said Biden’s actions -- some of which could take years to be implemented -- renew the U.S. commitment to safeguarding the environment and signal to the world that America has returned to the global fight against climate change.