Business: President Biden host meet on supply chains

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The International Energy Agency today issued a sobering warning, claiming that clean energy progress remains “far too slow to put global emissions into sustained decline towards net zero.”

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The IEA’s report says while electric vehicle sales achieved new records in 2020 and renewable sources such as wind and solar continued their rapid growth, “every data point showing the speed of change in energy can be countered by another showing the stubbornness of the status quo.”

President Biden today will host a meeting on supply chains, as disruptions threaten to snarl the holiday-shopping season.

Biden will meet with the leadership of the Port of Los Angeles, the Port of Long Beach and the International Longshore and Warehouse Union to “discuss the challenges at ports across the country and actions each partner can take to address the delays.”

The administration will also hold a roundtable with companies including Walmart, Home Depot and UPS about “how the largest cargo owners and shipping companies can address congestion.”