"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Reports of tensions may have been sparked by Kraft Heinz's underperformance, and because of accounting problems at the packaged goods company.Investingread more
The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Citi Private Bank says it has maintained an "overweight" stance on stocks in China, Hong Kong, Taiwan and South Korea.Asia Marketsread more
FedEx sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese...Traderead more
SpaceX used its high speed boat called "Ms. Tree" to catch the nosecone its Falcon 9 rocket after Monday's launch.Investing in Spaceread more
Stocks in Asia slipped on Tuesday, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen later in the...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Environmental Protection Agency Administrator Scott Pruitt did not violate the agency's Scientific Integrity Policy when he expressed his view that carbon dioxide is not the "primary contributor" to global warming, a panel of EPA officials has concluded.
The decision came after the Sierra Club, an environmental group, filed a complaint with the EPA's inspector general in March, which called for an investigation into Pruitt's comments on CNBC's "Squawk Box."
"I think that measuring with precision human activity on the climate is something very challenging to do and there's tremendous disagreement about the degree of impact, so no, I would not agree that it's a primary contributor to the global warming that we see," Pruitt said during a March 9 appearance on "Squawk Box."
That statement contradicted the public stance of the EPA at the time. An EPA web page that has since been edited read, "Carbon dioxide is the primary greenhouse gas that is contributing to recent climate change."
The EPA's Scientific Integrity Committee convened a review panel to look into Pruitt's comment following the Sierra Club's complaint.
The panel concluded that Pruitt did not violate the Scientific Integrity Policy because it "explicitly protects differing opinions," according to a draft letter to the Sierra Club from the panel. The draft was obtained by conservative media outlets including the Washington Examiner and Washington Free Beacon.
"In his response, the Administrator expressed his opinion regarding contributors to global warming and called for more debate, review, and analysis as a precursor to any future EPA policy decision on the matter," wrote Thomas H. Sinks, Jr., director of the EPA's Office of the Science Advisor, in the letter.
The EPA confirmed the panel's conclusion in a statement to CNBC.
"In its findings, the Panel stated that an Agency employee is free to express his or her opinion on the science. The Panel also stated that this is a fundamental principle to EPA's Scientific Integrity Policy even (and especially) when that point of view might be controversial. This protection is afforded to any employee including the Administrator," said Megan Maguire, an EPA science communications specialist.
Elena Saxonhouse, a senior attorney for Sierra Club, said in a statement that the decision lets Pruitt off the hook for deceiving the American public in high-profile contexts.
"Pruitt's statements on CNBC were not merely a scientific 'opinion', as EPA's letter suggests," Saxonhouse said. "With his many close ties to the fossil fuel industry, it is clear they were a politically motivated attempt to obfuscate basic facts that EPA scientists have studied and verified for years."
The Sierra Club noted in the release that it did not receive the letter from the EPA until Wednesday, one day after the Examiner and Free Beacon ran their stories. It alleged that the EPA press staff leaked the document to the conservative-leaning papers. An EPA spokesperson declined to comment on the record.
On Tuesday, the EPA press office emailed a copy of the Free Beacon article containing a link to the panel's letter to some reporters, according to a copy of the email reviewed by CNBC. An EPA spokesperson, Jahan Wilcox, retweeted the Washington Examiner story shortly after it came out.
In March, the Sierra Club contended that while Pruitt is within his rights to advocate for policy changes, he is not allowed to distort the basic science that underpins policies he opposes. It said the comment contradicted decades of established science and violated three principles of the EPA's Scientific Integrity Policy, including:
The overwhelming majority of climate scientists — as much as 97 percent of the community — has concluded that carbon dioxide emissions from human activity is the primary cause of global warming.
Pruitt rose to prominence as Oklahoma's attorney general, where he fought alongside fossil fuel companies and other Republican attorneys general to overturn Obama-era energy regulations. As EPA chief, he has been instrumental to President Donald Trump's effort to roll back those rules, and was a primary proponent for the United States leaving the Paris climate agreement.