Friday, September 19, 2025

Trump just opened another front in his all-out war on U.S. media

Robert Reich
September 18, 2025 





Donald Trump has sued the New York Times for, well, reporting on Donald Trump.


Rather than charging the Times with any specific libelous act, Trump’s lawsuit is just another of his angry bloviations.

The lawsuit says he’s moving against "one of the worst and most degenerate newspapers in the History of our Country, becoming a virtual ‘mouthpiece’ for the Radical Left Democrat Party.” And so on.

At least he sued the Wall Street Journal’s parent company for something specific — reporting Trump’s birthday message to Jeffrey Epstein (which Trump continues to deny even though it showed up in the Epstein files).

Last year, Trump sued ABC and its host George Stephanopoulos for having said that Trump was found liable for rape rather than "sexual abuse" in the civil suit brought by E. Jean Carroll. The network settled for $16 million.

Trump sued CBS for allegedly editing an interview with Kamala Harris on 60 Minutes to make her sound more coherent. CBS also agreed to pay $16 million.

Defamation lawsuits are a longstanding part of Trump’s repertoire, which he first learned at the feet of Roy Cohn, one of America’s most notorious legal bullies.

In the 1980s, Trump sued the Pulitzer-winning Chicago Tribune architecture critic Paul Gapp for $500 million, for criticizing Trump’s plan to build the world’s tallest building in Manhattan, a 150-story tower that Gapp called "one of the silliest things anyone could inflict on New York or any other city.”

Trump charged that Gapp had "virtually torpedoed" the project and subjected Trump to "public ridicule and contempt." A judge dismissed the suit as involving protected opinion.

But such lawsuits are far worse when a president sues. He’s no longer just an individual whose reputation can be harmed. He’s the head of the government of the United States. One of the cardinal responsibilities of the media in our democracy is to report on a president — and often criticize him.

The legal standard for defamation of a public figure, established in a 1964 Supreme Court case New York Times Co. v. Sullivan, requires that public officials who bring such suits prove that a false statement was made with knowledge of its falsity or with reckless disregard for the truth.

That case arose from a libel suit filed by L.B. Sullivan, the police commissioner of Montgomery, Alabama, against the New York Times for an advertisement in the paper that, despite being mostly true, contained factual errors concerning the mistreatment of civil rights demonstrators.

The Supreme Court ruled in favor of the Times, finding that the ad was protected speech under the First Amendment and that the higher standard of proof was necessary to protect robust debate on public affairs.

Under this standard, there’s no chance Trump will prevail in his latest lawsuits against the Times or Wall Street Journal. Nor would he have won his lawsuits against ABC and CBS, had they gone to trial.

But Trump hasn’t filed these lawsuits to win in court. He has sought wins in the court of public opinion. These lawsuits are aspects of his performative presidency.

ABC’s and CBS’s settlements are viewed by Trump as vindications of his gripes with the networks.

He’s likewise using his lawsuit against the New York Times to advertise his long standing grievances with the paper.

His lawsuit against the Wall Street Journal is intended to send a message to the Journal’s publisher, Rupert Murdoch, that Trump doesn’t want Murdoch to muck around in the Jeffrey Epstein case.

These lawsuits also put the media on notice that Trump could mess up their businesses.

Not only is it costly to defend against them — requiring attorney’s fees, inordinate time of senior executives, and efforts to defend the media’s brand and reputation.

When a lawsuit comes from the president of the United States who also has the power to damage a business by imposing regulations and prosecuting the corporation for any alleged wrongdoings, the potential costs can be huge.

Which presumably is why CBS caved rather than litigated. Its parent company, Paramount, wanted to be able to sell it for some $8 billion to Skydance, whose CEO is David Ellison (scion of the second-richest person in America, Oracle’s Larry Ellison). But Paramount first needed the approval of Trump’s Federal Communications Commission — which held up the sale until the defamation lawsuit was settled.

Here we come to the central danger of Trump’s wanton use of personal defamation law. The mere possibility of its use — coupled with Trump’s other powers of retribution — have a potential chilling effect on media criticism of Trump.

We don’t know how much criticism has been stifled to date, but it’s suggestive that a CBS News president and the executive producer of 60 Minutes resigned over CBS’s handling of the lawsuit and settlement, presumably because they felt that management was limiting their ability to fairly and freely cover Trump.

It’s also indicative that CBS ended Stephen Colbert’s contract. Colbert’s show is the highest-rated late night comedy show on television. He’s also one of the most trenchant critics of Trump.

Among the capitulations CBS’s owners made to the Trump administration was to hire an “ombudsman” to police the network against so-called bias — and the person they hired was Kenneth R. Weinstein, the former president and chief executive of the conservative-leaning Hudson Institute think tank.

Note also that on Wednesday ABC pulled off the air another popular late-night critic of Trump — Jimmy Kimmel — because Kimmel in a monologue earlier this week charged that Trump’s “MAGA gang” was trying “to score political points” from Charlie Kirk’s assassination.

ABC announced the move after Brendan Carr, the chairman of the FCC, appeared to threaten ABC, and its parent company Disney, for airing Kimmel’s monologue —ominously threatening: “We can do this the easy way or the hard way.”

Jeff Bezos, owner of Amazon and related businesses, has muzzled the editorial page of the Washington Post — prohibiting it from endorsing Kamala Harris in the 2024 election and imposing a stringent set of criteria on all editorials and opinion columns, which has led to the resignations of its opinion page editor and a slew of its opinion writers.

Trump hasn’t sued the Washington Post for defamation, but Bezos presumably understands Trump’s potential for harming his range of businesses and wants to avoid Trump’s wrath.

Make no mistake. Trump’s efforts to silence media criticism of him and his administration constitute another of his attacks on democracy.

What can be done? Two important steps are warranted.

First, the New York Times v. Sullivan standard should be far stricter when a president of the United States seeks to use defamation law against a newspaper or media platform that criticizes him.

Instead of requiring that he prove that a false statement was made with knowledge of its falsity or with reckless disregard for the truth, he should have to prove that the false statement materially impaired his ability to perform his official duties.

Better yet, a president should have no standing to bring defamation suits. He has no need to bring them. Through his office he already possesses sufficient — if not too much — power to suppress criticism.

Second, antitrust authorities should not allow large corporations or ultra-wealthy individuals with many other business interests to buy major newspapers or media platforms. They cannot be trusted to prioritize the public’s right to know over their financial interests in their range of businesses.

The richest person in the world was allowed to buy X, one of the most influential news platforms on earth, and has turned it into a cesspool of rightwing lies and conspiracy theories.

The family of the second-richest person in the world now owns CBS.

The third-richest person now owns the Washington Post.

The Disney corporation — with its wide range of business enterprises — owns ABC.

The problem isn’t concentrated wealth per se. It’s that these business empires are potentially more important to their owners than is the public’s right to know.

If Democrats win back control of Congress next year, they should encode these two initiatives in legislation.

Democracy depends on a fearless press. Trump and the media that have caved in to him are jeopardizing it and thereby undermining our democracy


Robert Reich is an emeritus professor of public policy at Berkeley and former secretary of labor. His writings can be found at https://robertreich.substack.com/

Robert Reich's new memoir, Coming Up Short, can be found wherever you buy books. You can also support local bookstores nationally by ordering the book at bookshop.org


'Pathetic' Trump's silencing of Kimmel by the 'woke right' will 'backfire': analysis


ABC late-night host Jimmy Kimmel on May 29, 2025 
(Image: Screengrab via Jimmy Kimmel Live! / YouTube)

September 19, 2025 
ALTERNET


Joining the growing chorus of experts condemning the firing of late night host Jimmy Kimmel is New York Magazine political columnist Ross Barkan, who says the move by ABC was not only "disturbing," but a battle that President Donald Trump will lose.

Kimmel was abruptly terminated Wednesday after the FCC chairman threatened to pull ABC’s license because of a joke he made about President Donald Trump's tepid reaction to the death of slain conservative podcaster Charlie Kirk.

"Trump is not a popular president, Kirk was nowhere near as revered as conservatives seem to believe he was. They cannot force millions of people to suddenly pretend to think Kirk is a fallen martyr who should never be critiqued again," Barkan says.

And although, Barkan says, "The Trump administration longs to systematically silence dissent," their efforts, he says, are failing.

With experts calling Trump's latest defamation suit against The New York Times "a meritless publicity stunt" designed to intimidate the media, Barkan says that eventually, this will backfire.

"Trump himself is repeatedly suing news outlets that defy him, and he’s hoping a ludicrously specious $15 billion lawsuit against the New York Times will force the newspaper to retract their tough reporting on his administration and career," Barkan says.

Those calling for Kimmel's—among other late night hosts who ruffle the president's feathers—head, are what Barkan has deemed "the woke right, a resurgent regime that is stifling free discourse and justifying it through the same logic that social justice activists and certain Democratic politicians employed in the 2010s and early 2020s."

The biggest difference between the "woke right" and their perceived enemies on the left, Barkan explains, is "the power of the state: if the Biden administration could pressure tech platforms over certain content about the pandemic, it never wielded the Federal Communications Commission to force a major news conglomerate to suspend a comedian who offended the president."

In fact, FCC Chair Brendan Carr doubled down on that move, telling Fox News, that Kimmel's ousting "is not the last shoe to drop." He also praised Trump for creating a “massive shift” in the media ecosystem.

"It’s remarkable to witness how fast conservatives have abandoned any pretense of caring about the First Amendment after years of decrying illiberalism on the left," Barkan says, adding, "Now it’s the right that is making speech taboo."

Barkan says Trump will lose this battle against free speech, pointing to open defiance as the war strategy.

"Artists, writers, intellectuals, politicians—anyone with a voice must use it now. Trump can bend America, damage America, but he cannot break it," Barkan says.



Khanna Moves to Subpoena FCC Chair Carr Over Effort to ‘Shred the First Amendment’

“We will not be intimidated and we will defend the First Amendment,” said Rep. Robert Garcia.



US Rep. Ro Khanna (D-Calif.) is seen in the US Capitol
(Photo by Tom Williams/CQ-Roll Call, Inc via Getty Images)

Brad Reed
Sep 18, 2025
COMMON DREAMS

Democratic lawmakers are vowing to investigate the Trump administration’s pressure campaign that may have led to ABC deciding to indefinitely suspend late-night talk show host Jimmy Kimmel.

Rep. Ro Khanna (D-Calif.) announced on Thursday that he filed a motion to subpoena Federal Communications Commission (FCC) Chairman Brendan Carr one day after he publicly warned ABC of negative consequences if the network kept Kimmel on the air.
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“Enough of Congress sleepwalking while [President Donald] Trump and [Vice President JD] Vance shred the First Amendment and Constitution,” Khanna declared. “It is time for Congress to stand up for Article I.”

Rep. Robert Garcia (D-Calif.), the ranking member of the House Oversight Committee, also said on Thursday that he was opening an investigation into the potential financial aspects of Carr’s pressure campaign on ABC, including the involvement of Sinclair Broadcasting Group, which is the network’s largest affiliate and is currently involved in merger talks that will need FCC approval.

“The Oversight Committee is launching an investigation into ABC, Sinclair, and the FCC,” he said. “We will not be intimidated and we will defend the First Amendment.”

Progressive politicians weren’t the only ones launching an investigation into the Kimmel controversy, as legal organization Democracy Forward announced that it’s filed a a Freedom of Information Act request for records after January 20, 2025 related to any FCC efforts “to use the agency’s licensing and enforcement powers to police and limit speech and influence what the public can watch and hear.”

CNN's Erin Burnett shreds right-wing hypocrisy with devastating superclip of their remarks

Daniel Hampton
September 18, 2025
RAW STORY


(Screengrab via CNN)

CNN anchor Erin Burnett tore into MAGA hypocrisy Thursday night in the aftermath of Jimmy Kimmel's suspension from ABC by throwing their own remarks back at them.

After showing new images of the late-night comedian less than 24 hours after his show was suddenly pulled, she noted President Donald Trump has made it "clear he is not done."

"The president is now threatening more networks," she said, playing a clip of Trump suggesting networks could lose their licenses for negative coverage.

Burnett then played a devastating series of clips to make the point that Republicans used to defend free speech, telling viewers, "If you are surprised at what has happened, maybe it is because you took the president, the vice president and the chairman of the FCC at their word when Trump came into office."

"If you don't have free speech, you don't have a country," Trump said in a 2022 clip played by Burnett.

"Thank God we have a president now who believes in free speech," Vice President JD Vance says in a subsequent clip.


"Free speech, diversity of opinion — and those are the bedrocks of democracy," said Brendan Carr, Trump's head of the Federal Communications Commission.

Carr, she noted, was the "very same man who made this threat this week after Kimmel's comments regarding Charlie Kirk."

"They have a license granted by us at the FCC, and that comes with it an obligation to operate in the public interest," Carr tells far-right podcaster Benny Johnson. He later adds: "But frankly, when you see stuff like this — I mean, look, we can do this the easy way or the hard way."

Burnett slammed Carr over his abrupt 180, and hurled his own tweet back at him.

"Threats obviously don't get more clearer than that, and that threat is a real about-face from a man, Brendan Carr, who, in December of 2023, wrote — and I want to quote him — 'Free speech is the counterweight. It is the check on government control. That is why censorship is the authoritarians' dream.'"

After playing a clip of Kimmel's words that got him targeted, Burnett played a 2021 clip of Fox News host Jesse Watters making an inflammatory joke about Dr. Anthony Fauci.


"Now you go in for the kill shot. The kill shot with an ambush? Deadly. Because he doesn't see it coming. This is when you say, 'Dr. Fauci, you funded risky research at a sloppy Chinese lab, the same lab that sprung this pandemic on the world. You know why people don't trust you, don't you?' Boom, he is dead is done."

Watters was promoted a month after the comment.

Burnett also played remarks from other right-wing pundits making light of Paul Pelosi's hammer attack, in which he was hospitalized with a skull fracture.


"There was a lot of really ugly rhetoric and conspiracy theories coming from the right at the time," she noted.

"At 82 years old, and comes home to find out that her husband's playing hide the hammer with the Black Lives Matter guy!" exclaimed Jason Whitlock on Fox News in 2022.

"We can't confirm or deny your suggestion," a coy Tucker Carlson replies in a subsequent clip.

"It's MAGA extremists behind this, because they always attract illegal alien nudists who live in school buses, who think they're Jesus Christ," Greg Gutfeld yells at viewers.

Donald Trump Jr., Burnett noted, posted a photo on Instagram of a hammer and underwear after Pelosi was attacked.

"Got my Paul Pelosi Halloween costume ready," he wrote.

Elon Musk chimed in, "There is a tiny possibility there might be more to this story than meets the eye," linking to an article suggesting the attack stemmed from a drunken encounter with a male sex worker



MAGA podcaster calls for 'lawful violence' against the left: 'We are being hunted!'

Robert Davis
September 18, 2025
RAW STORY


Piers Morgan Uncensored screenshot


MAGA podcaster Steven Crowder defended the use of "defensive, lawful, ruthless" violence against the left during an interview about conservative activist Charlie Kirk's death last week.

Crowder appeared on "Piers Morgan Uncensored" on Thursday to discuss the impact of Kirk's death on the conservative movement. He claimed that Kirk's killing is an example of left-wing groups being more likely to commit political violence than right-wing groups.

"Every position that the right holds has been presented as violence," Crowder said, mentioning issues like abortion and gender expression. "And so people deal with the right with violence."

"We are being hunted, and I don't want to see any more dead friends," Crowder added. "Violence? Absolutely. Lawful, ruthless, defensive violence."

Crowder also argued that data showing right-wing groups are more likely to commit violence is flawed because some studies omitted acts of violence committed by the left.

"Nobody is saying there is no violence on the right," Crowder said. "All I am saying is that people on the right have to have armed security, flak jackets, and an entire strategy when they go out and those on the left don't!" Crowder said. "That is verifiably true."

"The left lies," Crowder said. "They label you a fascist. They label you a totalitarian. And how do you deal with those people? You don't do it at the ballot box. We all know that."


MAGA'S HORST WESSEL

Trump's Pentagon mulls recruiting Charlie Kirk fans: 'Awakened a generation of warriors'

Matthew Chapman
September 18, 2025 
RAW STORY


FILE PHOTO: Founder and president of Turning Point USA Charlie Kirk speaks at the Conservative Political Action Conference (CPAC) at National Harbor in Oxon Hill, Maryland, U.S., February 28, 2019. REUTERS/Kevin Lamarque/File Photo/File Photo

Department of Defense higher-ups are considering a recruitment campaign to explicitly target fans of assassinated right-wing youth activist Charlie Kirk.

According to NBC News, "The idea would be to frame the recruiting campaign as a national call to service, the officials said. Possible slogans that Pentagon leaders have discussed include 'Charlie has awakened a generation of warriors,' according to the officials."

Kirk was shot and killed while engaging with students at a political event at Utah Valley University in Orem last Wednesday. His death has sent shockwaves through the right-wing media ecosystem, with many mourning his loss and some seeking to blame it on Democrats.\

These proposals also come amid reports that Secretary of Defense Pete Hegseth is working to purge the military of individuals who posted on social media about Kirk's death.

This recruitment drive would potentially focus on partnering with chapters of Kirk's student political organization, Turning Point USA, running enlistment centers out of these student groups, according to the report: "That could include inviting recruiters to be present at events or advertising for the military at the chapters, one of them explained."

Turning Point USA, which has faced numerous controversies in recent years for promoting racism and Christian nationalism, formed a key part of President Donald Trump's voter canvassing operation in the 2024 presidential election, as the campaign had a negligible such operation in-house.

Tech billionaire Elon Musk's America PAC also carried out much of this work.

The plan is still up in the air, according to the report.

"The idea is facing resistance from some Pentagon leaders who have privately warned those working on the effort that such a campaign could be perceived as the military trying to capitalize on Kirk’s death ... two officials said. Kirk did not serve in the armed forces."

























Thursday, September 18, 2025

Canadian SMR project shortlisted for federal fast-track



Ontario Power Generation's Darlington New Nuclear project has been named as one of the first projects to be reviewed by a new office set up by the federal government to help fast-track major projects.
 
(Image: Lars Hagberg/PM of Canada)

Prime Minister Mark Carney announced the launch of the Major Projects Office (MPO) in August, to fast-track "nation-building" projects by streamlining regulatory assessment and approvals and helping to structure financing, in close partnership with provinces, territories, Indigenous Peoples, and private investors. Headquartered in Calgary, with offices in other major Canadian cities, the MPO's mandate is to serve as a single point of contact to get nation-building projects built faster. By creating a single set of conditions it will be possible to reduce the approval timeline for projects of national interest to a maximum of two years, the government claims, and the MPO will work with provinces and territories to achieve a "one project, one review" approach.

The Darlington New Nuclear project is one of five that have now been referred to the MPO for its consideration.

"This project will make Canada the first G7 country to have an operational small modular reactor (SMR), accelerating the commercialisation of a key technology that could support Canadian and global clean energy needs while driving CAD500 million annually into Ontario's nuclear supply chain. Once complete, Darlington's first of four planned SMR units will provide reliable, affordable, clean power to 300,000 homes, while sustaining 3,700 jobs annually, including 18,000 during construction, over the next 65 years. The project has the potential to position Canada as a global leader in the deployment of SMR technology for use across the country and worldwide," the government said. CAD500 million is about USD363 million.

Also referred to the Major Projects Office are a project to double LNG Canada's production of liquefied natural gas; a capacity expansion of the Port of Montréal; a copper and zinc mining project in Saskatchewan, that the government says will strengthen Canada's position as a global supplier of critical minerals for clean energy; and a major expansion of a copper mine in British Columbia.

"Together, these projects represent investments of more than CAD60 billion in our economy and will create thousands of well-paying jobs for Canadians," the government said.

These first projects have already achieved many regulatory milestones and have undertaken extensive engagement with Indigenous Peoples, provincial governments, local authorities, proponents, and other stakeholders, the government noted, so for these projects, "the work of the Major Projects Office will be to close final regulatory and permitting gaps, co-ordinate with provinces and territories, and ensure financing plans can be achieved. The MPO will recommend to the federal government the best course to complete each project approval quickly so proponents can make smart investment decisions".

“At this moment of transformative change, Canada's new government is focused on delivering major projects to connect our communities, empower Canadian workers, and build Canada's strength. With the first in a series of new projects, we will build big, build now, and build Canada strong," Carney said.

The Province of Ontario on 8 May announced its final investment decision to give the green light to Ontario Power Generation for construction of the first of four GE Vernova Hitachi Nuclear Energy BWRX-300 SMRs at the Darlington site. The total cost of the four-SMR project has been estimated at CAD20.9 billion.

 

Teck deal with Anglo faces Indigenous challenge on smelter plan


Trail Operations is one of the world’s largest fully integrated zinc and lead smelting and refining complexes. (Image courtesy of Teck Resources.)

An Indigenous group in Canada vows to bring political and legal challenges against Teck Resources Ltd.’s merger with Anglo American Plc, unless the companies consult with them over expansion plans for a smelter in southern British Columbia.

Teck’s zinc-and-lead smelter in Trail, BC, is on lands that are the responsibility of the Osoyoos Indian Band, according to Chief Clarence Louie. He said Teck hasn’t meaningfully talked to the group about its proposed merger and investments for the Trail operations, which faced historic complaints about pollution.

“To date we have experienced significant impacts without any benefit,” Louie said in an emailed statement, calling the companies’ proposal to expand the operations without consulting First Nations “unconscionable.”

Anglo and Teck agreed this month to combine in a deal that would create a mining giant worth more than $50 billion. As part of the transaction, the companies said they would invest as much as C$750 million ($544 million) in the Trail operations to explore ways to add copper processing and expand output for germanium and other so-called strategic metals.

Canada’s government has the ability to block the proposed transaction under the rules of the Investment Canada Act. The “net benefit test” allows the minister to judge any deal based on a number of factors, including the impact on jobs, exports, technological development and “Canada’s ability to compete in world markets.”

Teck and Anglo have made commitments to invest in Canada, relocate the joint headquarters to Teck’s base of Vancouver and invest C$4.5 billion in Canada if the deal is approved. Canadian Industry Minister Melanie Joly said Tuesday the companies haven’t yet done enough to demonstrate the deal’s advantages to the nation’s economy.

In an interview with Bloomberg News, Osoyoos Chief Louie said he’ll ask politicians to obstruct the deal unless there’s better consultation, citing the United Nations Declaration on the Rights of Indigenous People. The declaration was legally adopted by BC and Canada, and outlines the need for free, prior and informed consent from Indigenous groups for measures affecting their lands.

The chief said he wants to discuss involvement by the area’s Indigenous people on environmental and cultural issues and the potential for jobs and revenue sharing related to the Trail operations. The smelter in Trail now operated by Teck was established more than a century ago.

“They’re doing these deals on other mines,” Louie said of Teck, referring to deals the company has struck elsewhere, “but they have nothing with the smelter, nothing in Trail itself.”

Teck has invested in remediation efforts for Trail and worked with local Indigenous communities, according to company filings, though the Osoyoos Indian Band isn’t among groups it names.

Louie said efforts are underway to meet Teck chief executive officer Jonathan Price within weeks, after a previous meeting was canceled. Teck said it has been in touch with the Osoyoos Indian Band about the proposed merger and looks forward to discussing further.

“Teck is committed to building and maintaining relationships with Indigenous governments affected by our operations and engaging meaningfully for significant projects,” a company spokesperson said Thursday in an emailed statement. “That includes Trail operations as the merger transaction progresses and the potential investments proposed as part of the merger become better defined.”

An Anglo spokesperson said the company echoed Teck’s comments.

If the deal goes ahead anyway — the companies expect to complete the transaction within 12 to 18 months — the Osoyoos band is prepared to challenge the companies in court.

“We’ll use whatever legal options we have,” Louie said. “Whatever we have to do.”

(By Thomas Seal)

Canadian banks' fossil fuel funding nearly double compared with renewables: report


Story by Ian Bickis
Sept. 18, 2025.


Suncor's base plant with upgraders in the oilsands in Fort McMurray Alta, on Monday June 13, 2017. THE CANADIAN PRESS/Jason Franson© The Canadian Press

TORONTO — Canada's big banks financed about US$145 billion in fossil fuel investments last year, compared with about US$75 billion to low-carbon energy, said a report released Thursday.

The report by energy transition research firm BloombergNEF focuses on the ratio of global bank funding going to oil, gas and coal projects compared with low-carbon investments like wind, solar and electrical grids, as a way to see how much financial institutions are helping or hindering the transition.

BloombergNEF found that globally, the ratio for banks was 89 cents going toward low-carbon options for every dollar to fossil fuels in 2024, roughly the same rate as a year earlier.

"The ratio is not rising at the pace needed to meet global climate goals," said lead author Trina White in the report.

The ratio for Canada's Big Six banks was 0.61 to 1 last year, worsening from 0.67 to 1 in 2023. However, the picture was mixed, with some seeing a higher ratio of funding to renewables and others slipping.

Banks finance a range of projects across sectors, said Canadian Bankers Association spokeswoman Nathalie Bergeron in a statement.

"Banks in Canada remain committed to strategically supporting clients in their transition efforts as part of Canada’s strategy to address climate change.”

Excluding National Bank — an outlier among the six major lenders as the only one to fund more renewables than fossil fuels — the ratio worked out to 0.49 to 1 in 2024, compared with 0.47 to 1 a year earlier.

Last year, RBC committed to release its own calculated energy supply ratio but said in April it would not be disclosing it publicly, citing new greenwashing laws, while Scotiabank has committed to releasing its findings next year.

RBC, which has also committed to provide $35 billion in low-carbon financing by 2030, fared the best among the Big Five banks with a ratio of 0.61 to 1.

Spokeswoman Sarah Kennedy said RBC's goal is to be the bank of choice for the transition to a low-carbon and resilient economy.

"Our strategy is to support our clients across sectors in the transition, while focusing first on the areas that we believe present the greatest opportunities and risks."

Kennedy did not clarify if or when the bank plans to publicly release its own clean energy finance ratio. Other major banks including Citi and JPMorgan Chase have already publicly released their first ratio reports.

TD Bank Group had the worst ratio of its Canadian banking peers with 31 cents going to low-carbon energy for every dollar directed at fossil fuels. The bank did not respond to a request for comment.

Richard Brooks, climate finance program director at Stand.earth, said the lack of overall progress from a year earlier shows voluntary action from banks, including their commitments to net-zero financed emissions by 2050, isn't working.

"With the hottest year on record and fires still raging across many countries, we need governments to step in and regulate and legislate action by the banks," said Brooks in a statement.

"We need investors and customers who have been misled into believing the bank's net-zero commitments are real to litigate a change in behaviour."

He said some banks are showing progress, pointing to BNP Paribas, which has achieved a ratio of 2:1 in favour of low-carbon energy, as an example to follow.

This report by The Canadian Press was first published on Sept. 18, 2025.

Ian Bickis, The Canadian Press




South Korea's HD Hyundai Heavy in talks to buy US shipyard

South Korea's Hyundai Heavy Industries eyes buying a shipyard in the US as it targets building American warships · Reuters


Heejin Kim
Thu, September 18, 2025


ULSAN, South Korea (Reuters) -South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.

The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S. Navy, said Woo-maan Jeong, head of planning and management for HD Hyundai's naval and special ship unit, in an interview at its Ulsan headquarters.

"It seems to be clear that we need to build a manufacturing base in the U.S. sometime in the future," Jeong said on Wednesday, declining to name any companies involved in the talks or to give the scale of any potential investment.

"The U.S. is apparently facing a situation that pushes it to inevitably open the shipbuilding market," said Jeong, given the widening gap in naval capabilities between the United States and China and the lack of sufficient U.S. capacity for building warships.

The U.S. "will have to utilise the infrastructure and capacities built already by its allies to overcome a short-term ship shortage."

U.S. shipyards, which had the world's highest production capacity during World War Two, had a global market share of just 0.04% in 2024, according to U.N. Trade and Development data.

China and South Korea are now responsible for 83% of global commercial shipbuilding, the data also shows.

Shipbuilders still operating in the U.S. include Philly Shipyard, bought in 2024 by Korean shipbuilder Hanwha Ocean, and a full-service shipyard run by General Dynamics on the West Coast. Huntington Ingalls Industries is also building ships as a large supplier for U.S. Navy.

South Korea pledged in July to invest $150 billion in U.S. shipbuilding, as part of $350 billion in investment funds that Seoul agreed to put into U.S. projects as part of negotiations over lower tariffs.

In late August, HD Hyundai also announced a merger with affiliate HD Hyundai Mipo to utilise Mipo's yards to expand its warship business and help lead U.S.-Korea shipbuilding projects.

Jeong said challenges to building ships in the United States include a shortage of skilled workers.

"Another issue is retention. Many U.S. shipyard workers quit within a year," he said.

It could take between three and five years for Hyundai to train U.S. workers to boost productivity, Jeong said, citing the company's experience in setting up a shipyard in Peru.

Another obstacle could be U.S. immigration policy, he said, as he called for better visa policies for Korean trainers, after the recent arrest of hundreds of Korean workers at Hyundai Motor's battery plant in the state of Georgia.

US LAWS RESTRICT FOREIGN SHIPBUILDERS

HD Hyundai Heavy christened on Wednesday in its Ulsan yard an 8,200-metric ton, Aegis-equipped destroyer to be delivered to the South Korean Navy by end-2026.

The company touted the ship, built in just 18 months, as a "symbol of U.S.-Korea cooperation" since its combat system uses technology supplied by U.S. companies such as Lockheed Martin.

The company can build such warships in less than two-thirds of the time required by U.S. peers, Jeong said.

U.S. laws restricting foreign firms from building ships are among the other challenges. The U.S. Merchant Marine Act of 1920, better known as the Jones Act, restricts domestic shipping to vessels that are U.S.-built and U.S.-flagged, while the Byrnes-Tollefson Amendment prohibits foreign shipyards from constructing naval vessels.

Jeong said the U.S. Congress is considering amendments to those acts to help foreign companies build ships for the U.S., although it's unlikely the century-old laws would be scrapped entirely.

Still, despite the challenges, there is no other market for warships as attractive as the U.S., he said.

But, "the undeniable reality is that if you want to do business with the U.S., you need to do it in the U.S.," Jeong said.

(Reporting by Heejin Kim; Editing by Ed Davies and Tom Hogue)
Bernie Sanders Says Pope Leo Is Exactly Right About Elon Musk's Pay Package: 'No Society Can Survive When One Man Becomes A Trillionaire'


Shomik Sen Bhattacharjee
Wed, September 17, 2025 


Sen. Bernie Sanders (I-Vt.) on Monday aligned himself with Pope Leo's criticism of outsized executive pay, saying the pontiff is "exactly right" to call out soaring compensation packages and pointing specifically to Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's proposed $1 trillion award.

Bernie Sanders Echoes Pope On Soaring Executive Pay

Sanders said such windfalls call attention to widening inequality and argued the package should be rejected, renewing a fight he waged last week when he labeled Musk's prospective payout "grossly immoral."

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Sanders posted on X on Monday, stating, "The Pope is exactly right. No society can survive when one man becomes a trillionaire while the vast majority struggle to just survive — trying to put food on the table, pay rent and afford health care. We can and must do better."



Pope Warns Of Trillionaire Era Dangers Ahead

Pope Leo, in a recent interview published in bits over the last weekend, warned about the concentration of wealth and the dramatic expansion of CEO pay ratios, saying chief executives now make "600 times more than what average workers are receiving."

See Also: These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends

Citing reports that Musk could become a trillionaire under Tesla's plan, he asked, "What does that mean and what's that about? If that is the only thing that has value anymore, then we're in big trouble."
Tesla Board And Analysts Defend Compensation Plan

Tesla's board has framed the proposed, performance-based award as a way to keep Musk focused on meeting audacious targets over a decade, including massive growth in robotaxis, robotics and market value. Board chair Robyn Denholm defended the package, saying it motivates "doing things that no one else has done before," and argued comparisons to conventional executive pay miss its purpose.


Morgan Stanley's Adam Jonas has called the proposal "a good deal" for Tesla shareholders, adding that while $1 trillion is a large figure, it is "modest compared to the size of the market opportunity" Tesla is pursuing in AI, autonomy and robotics.

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Elizabeth Warren says there's a hidden reason why Trump wants to end companies' quarterly earnings requirement

Bryan Metzger
Wed, September 17, 2025 
Business Insider

"It undermines transparency," Sen. Elizabeth Warren said of Trump's proposal. "That is the whole point here."
Angela Weiss / AFP via Getty Images

Trump said that companies should no longer have to report earnings to the SEC every quarter.


Sen. Elizabeth Warren criticized the suggestion, saying it undermines transparency.


She says that's the point — and that Trump doesn't want "real numbers reported."

Sen. Elizabeth Warren isn't a fan of President Donald Trump's idea to end quarterly earnings reporting requirements.


"It undermines transparency," the Massachusetts Democrat said in an interview with Yahoo Finance on Tuesday night. "That is the whole point here."

As of now, the Securities and Exchange Commission requires publicly traded companies to report their earnings on a quarterly basis, meaning every three months.

Trump said on Monday that the requirement should be relaxed to every six months, and that doing so would save companies money and allow for more long-term thinking.

Warren argued that Trump is floating the change because he doesn't "want real numbers reported in any of the economic areas, because he knows he's in trouble on the economy." She also mentioned Trump's firing of the Bureau of Labor Statistics commissioner after a disappointing July jobs report.

"This is the standard Donald Trump trick, and that is, if you don't like the numbers, then try to get them out of sight," Warren said. "And that's what he's trying to do."

In a statement to BI, White House spokeswoman Taylor Rogers did not address Warren's comments directly, instead taking a swipe at Warren's previous identification as a Native American.

"The last person who should be giving advice on SEC requirements is Pocahontas," Rogers said. "She couldn't even tell the truth about her own background!"

Companies have reported earnings on a quarterly basis in the United States since 1970. The European Union moved from a quarterly earnings reporting schedule to a bi-annual reporting schedule in 2015.

Experts are conflicted on the change, which could also disrupt the existing ecosystem of corporate lawyers and data providers who help companies comply with the requirements.

The change won't take place immediately. It would need to be approved by the SEC, though the agency has said that it will prioritize his proposal.

Quarterly earnings reports are one of several factors that investors might weigh when making decisions. A move to six-month reporting would mean that information would be available less often.

"Investors do not need to see less information about the companies that they are investing in," Warren said. "After all, those companies are using investors' money."


Four arrested after photos of Trump and Epstein projected onto Windsor Castle during president's U.K. visit

Raquel Coronell Uribe
Tue, September 16, 2025
NBC


Four arrested after photos of Trump and Epstein projected onto Windsor Castle during president's U.K. visit

Police in the U.K. arrested four people after photos of President Donald Trump and convicted sex offender Jeffrey Epstein were projected onto Windsor Castle on Tuesday night.

The projections included photos of Trump and Epstein; of the two joined by first lady Melania Trump with Epstein and his co-conspirator, Ghislaine Maxwell; and of a lewd birthday message Trump allegedly sent Epstein in 2003 for a 50th birthday book.

Trump arrived in London on Tuesday for a state visit. He's expected to spend most of Wednesday at the castle with King Charles III and Queen Camilla and other members of the royal family.

Thames Valley Police said in a statement Tuesday night that they arrested four adults “on suspicion of malicious communications following a public stunt in Windsor.” The police added they will conduct an investigation into the incident, and that all four people arrested remain in custody.

“Our officers responded swiftly to stop the projection and four people have been arrested,” the statement read.

The inclusion of the alleged birthday message from Trump comes after its release by the House Oversight Committee last week after it subpoenaed Epstein’s estate for documents. Trump and the White House have vehemently denied the authenticity of the message.

The committee launched an investigation into the Epstein case following uproar after the FBI and Justice Department said over the summer that they would not release more files linked to the case. The decision sparked outrage by many MAGA supporters — on the campaign trail last year, Trump vowed more transparency in the Epstein case after claiming the government was withholding information.

In addition to subpoenaing the Epstein estate, the committee ordered several high-profile former officials to testify, including former Attorney General Merrick Garland, former Secretary of State Hillary Clinton and former President Bill Clinton.

The Oversight Committee on Tuesday released a transcript of its interview with one such official, Bill Barr, who was attorney general in Trump's first term when Epstein died in jail by suicide in 2019 while awaiting trial on federal sex trafficking charges. In his deposition, Barr said he was not aware of any evidence suggesting that Epstein procured women for Trump.

Trump said in 2019 that he had a falling out with Epstein “a long time ago,” and that he hadn’t spoken with the disgraced financier “for 15 years.” In July, Trump said that their falling out came after Epstein “stole” staff from Trump’s Mar-a-Lago club.

The release of the so-called Epstein birthday book led to the dismissal of U.K. ambassador to the U.S. Peter Mandelson, who was fired last week over his relationship with Epstein. The book purportedly showed a message signed by Mandelson in which called Epstein “my best pal.”

In 2019, the king’s brother, Prince Andrew, stepped back from his royal duties over his friendship with Epstein. Three years later, he was stripped of his military affiliations and royal patronages by Queen Elizabeth II after his lawyers failed to persuade a U.S. judge to dismiss a lawsuit accusing him of sexual abuse.

Epstein survivor Virginia Giuffre had alleged that Andrew sexually abused her when she was 17. He repeatedly denied the allegation but made an an out-of-court settlement with Giuffre. She died by suicide earlier this year.

This article was originally published on NBCNews.com


This Scottish Newspaper's Cover About Trump's UK Visit Is Going Viral

Matt Stopera
Thu, September 18, 2025 


As you know, Donald Trump is in the UK for a state visit.

He was "welcomed" with this banner:


- / Everone Hates Elon/AFP via Getty Images

There was also a light show directly on Windsor Castle:

Mark Kerrison / In Pictures via Getty Images
Activists projected that alleged card:

Mark Kerrison / In Pictures via Getty Images

Personal messages:

Mark Kerrison / In Pictures via Getty Images

Related: This FSU Student Had A Scathing Message For Donald Trump, And It's Going Mega Viral
Mugshots:

Mark Kerrison / In Pictures via Getty Images
And a photo of Trump with Jeffrey Epstein:

Mark Kerrison / In Pictures via Getty Images

Related: Donald Trump Just Shared A Very Ominous Post, And People Are Calling It "One Of The Worst Statements Ever Made By A Sitting US President"
Well, Reuters reported that four people were arrested for the prank, and now a Scottish newspaper is calling that out.

Mark Kerrison / Getty Images

Here's their cover:

Getty Images/ScotNational/x.com
A bunch of people are simply saying "No."

X

Related: "What The F**k?": Jon Stewart Was Stunned By These 2 Words Trump Let Slip When Denying Visiting Jeffrey Epstein's Island
Other people were like, ah ha, "I see what you're doing."

celtic1967/x.com
And finally, this Brit said, "This headline makes me wish I was Scottish."

BigHairyJack/x.com




Unstoppable Martial Arts Robot Can Take a Direct Dropkick Without Falling Down

Victor Tangermann
Tue, September 16, 2025 



A new viral video shows a kickboxing humanoid robot shrugging off a flying dropkick from a human being.

"OK, should we start worrying?" one user asked on the r/singularity subreddit in response to the video.

"It looks like it doesn't like falling," another user added.

The research behind the stunt was conducted by scientists at the Active Intelligent Systems (ACT) Lab at the Southern University of Science and Technology (SUSTech) in Shenzhen, China, using Unitree's popular G1 robot.

The robot's incredible agility highlights how far the tech has come in a matter of years. Chinese robot manufacturer Unitree's G1, in particular, has quickly turned into a popular test bed for reinforcement learning techniques, allowing it to pick up new skills very quickly.

In fact, the only thing that even came close to defeating the robot in the video was a loose tile that tripped it up — and even in that case, it made an impressive recovery, jumping right back up to fight some more in less than a second.

https://twitter.com/XRoboHub/status/1967496323701276997

We've already seen the G1 show off its martial arts prowess several times, from punching the air and delivering a swooping roundhouse kick to two of the bots facing off in a kickboxing showdown event at the World AI Conference in Shanghai last month.

However, things can still go off the rails — with alarming results. A video of a failed test run by robot combat company REK in July showed a G1 flailing its arms and legs, seemingly trying to break free of a harness.

Others are using the robot for dramatically different purposes as well. Case in point, a cowboy hat-toting bipedal robot, dubbed "Jake the Rizzbot," has been wandering the streets of several US cities this summer, turning heads and flinging compliments — instead of punches and kicks — at passersby.



Past presidents have hit a financial windfall after leaving office. Biden is struggling to find work

Ariana Baio
Tue, September 16, 2025
Former President Joe Biden has not cashed in on his presidency in the same way his predecessors have, according to a new report (Getty Images)

Former President Joe Biden is reportedly struggling to cash in on his years of public service, unlike other former commanders-in-chief, with fewer lucrative speaking gigs and a smaller advance on his memoir.

In the modern post-presidency, many profit off their time in office by charging hundreds of thousands of dollars for speaking engagements, earning millions from must-read memoirs, establishing nonprofits, or going back into business.

But at 82 years old, coming off an unpopular presidency, combined with concerns about President Donald Trump seeking retribution against companies that show allyship toward Biden, the former president is struggling with money-making ventures, according to the Wall Street Journal.

Biden has had speaking engagements since leaving office, for which he charges anywhere from $300,000 to $500,000. But he’s only had a handful.

He’s also received a $10 million advance for his upcoming memoir about his time in office. It’s a significant amount, but far less than the reported $60 million former President Barack Obama and First Lady Michelle Obama received for their memoirs.

Former President Joe Biden has not cashed-in on his presidency the same way his predecessors have, according to a new report (Getty Images)

Biden’s days of flying private appear to have been left with Air Force One. The former president has been spotted in the first-class cabin of commercial flights or taking Amtrak.

The Independent has asked a Biden spokesperson for comment.

Presidents receive a pension after leaving office that is adjusted annually. In 2024, that was approximately $246,400, according to the National Taxpayers Union Foundation. But Biden is also eligible for an additional pension, worth around $166,374, given to members of Congress, since he served in the Senate for 36 years and then Vice President for eight years.

Though that’s more than $400,000, it may not be enough to sustain the Bidens' lifestyle, pay off debts, and leave money for their two living children and seven grandchildren – which Biden wants to do, according to the Journal.

Shortly after leaving office in January, Biden reportedly confided in those close to him that he intended to pay off around $800,000 in personal debts.

Biden has delivered speeches for at least four different events this year – fewer than expected but the former president is also battling prostate cancer (Getty Images)

The Bidens have liabilities in the form of a home equity loan secured in 2022 for the couple’s Rehoboth Beach house and a mortgage obtained in 2013, according to financial disclosures.

Two of Biden’s children have also recently confronted expensive legal woes. Hunter Biden has publicly expressed financial troubles after his high-profile federal gun trial last year. Hunter recently asked a judge to dismiss a civil lawsuit regarding the contents of his laptop because he could not afford to proceed.

Ashley Biden, meanwhile, recently filed for divorce from her husband of 13 years.

In addition to those financial costs, Biden is battling an aggressive form of prostate cancer.

While Joe and Jill Biden are far from financial concerns, their lifestyles differ from other former presidents who have had decades post-presidency to build wealth through book deals and speeches.

The Obamas are estimated to have a net worth of $70 million, according to Forbes.

The Clintons, who left the White House in 2001 in debt, are believed to be worth more than $45 million.

Former President George W. Bush and First Lady Barbara Bush have an estimated net worth of $40 million.