Yes. Since the annual UN conference began in the ‘90s, countries have agreed to reduce emissions — but never called out fossil fuels, the leading cause of climate change. This year, that changed. For the past two weeks, as diplomats gathered in Dubai, tension mounted over whether to use language calling specifically to “phase” them out. On the one side: more than 100 countries calling for a reduction in oil and gas, including the US — the world’s top oil producer. On the other: Saudi-led oil-producing countries and climate deniers. The summit went into overtime and threatened to end without a deal. Today, after all-night discussions, countries landed on one.
Go on.
Instead of a “phase-out” or “phase down” of fossil fuels, the deal calls for “transitioning” away from fossil fuels “in a just, orderly and equitable manner.” That language could give countries some wiggle room. Still, it focuses countries on “fossil fuels” as they have two years to submit formal plans on how to cut their emissions. Conference president and oil exec Sultan al-Jaber called the deal “historic” and described the move away from fossil fuels as “inevitable.” Some small and developing countries criticized the deal as insufficient and said it puts disproportionate economic pressure on them as opposed to wealthy countries.
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Many remain skeptical that the deal coming out of COP28 will be enough to change the current trajectory on climate change. But the language provides a landmark warning to investors on where the world is headed with fossil fuels, just as Earth reached its hottest year on record.
Israel and the US. Yesterday, President Biden told donors that Israel is losing international support over its “indiscriminate bombing” in Gaza. Since the Israel-Hamas war began, more than 18,000 Palestinians have been killed in Gaza — mostly women and children. Biden and Israeli PM Benjamin Netanyahu also aren’t on the same page about what a post-war Gaza could look like. The Biden admin has pushed for the Palestinian Authority, which oversees parts of the West Bank, to play a governing role. Netanyahu rejected that yesterday, saying that “Gaza will be neither Hamastan nor Fatahstan.” The news comes as a majority of the UN General Assembly voted for a cease-fire in Gaza, except for the US and nine other countries.
…Oh and speaking of politics, Ukrainian President Volodymyr Zelenskyy spent yesterday with congressional leaders in hopes of getting more aid for Ukraine.
Where’s the latest flashpoint for the abortion debate…
Kentucky. Yesterday, lawyers for a woman seeking an abortion said her embryo no longer has a heartbeat. Last week, the woman, identified as Jane Doe, filed a lawsuit against the state’s abortion laws while eight weeks pregnant. Kentucky has a six-week abortion ban and a law that bans the procedure unless necessary to save a pregnant person’s life. Her suit argues the laws violate her rights to privacy and self-determination. Now, the case will continue, and her lawyers said any woman in the state could join the suit. The case is similar to a lawsuit out of Texas, where the woman in question ended up leaving the state to get an abortion.
Who people are remembering…
Andre Braugher. Yesterday, his publicist announced that the Emmy Award-winning actor died at age 61 after a brief illness. Born and raised in Chicago, Braugher went on to earn degrees from Stanford University and Juilliard. He was known for his roles in “Brooklyn Nine-Nine,” “Men of a Certain Age,” and “Homicide: Life on the Street.” Braugher recently co-starred in “She Said,” a movie about the New York Times investigation into Harvey Weinstein. “Brooklyn Nine-Nine” co-star Terry Crews said Braugher “left us too soon.”
What’s letting the numbers do the talking…
Netflix. Yesterday, the streaming giant released its first-ever engagement report, analyzing over 18,000 titles and 100 billion hours of watched content. At the top of the list from January to June this year was “The Night Agent,” a show about an FBI agent doing agent things at the White House. Time to binge watch another show.
What’s finally getting the hint…
Inflation. Yesterday, the Labor Department said inflation eased up last month as gas prices dropped. It comes ahead of the Fed’s final meeting of the year today and as many are checking off their holiday shopping lists.
…Oh and if inflation has your wallet or credit card hurting, we have tips to bring your debt down.
We're building a tool to help you cross off the to-dos keeping you up at night. Meet theSkimm Beta, a space where you can learn how to manage your debt & get more pleasure. Check it out.
Q: What’s the most meaningful financial advice you’ve ever received?
Vanessa Okwuraiwe: Always try to save a percentage of your income and live below your means. I learned this when I was a kid, and it’s shaped how I view investing, spending, and saving. It showed me the true difference between "needs" and "wants," which really helped me build a discipline around instant gratification versus waiting a little longer.
Featured Expert
Vanessa Okwuraiwe
Diversity, Equity, and Inclusion Principal at Edward Jones. Her answer has been edited for length and clarity. Find more financial insights here.
Pop quiz: What’s something good for your gut and Halle Berry-approved? Pendulum’s microbiome health-boosting blends and supplements, of course. They’re science-backed, easy to take, and (wait for it) Skimm’rs can use code SKIMM20 for 20% off their first month of membership. Start with…
Here are today’s recs to help you live a smarter life…
1. How to get in the holiday spirit.
Brookfield Place in Lower Manhattan is chock-full of festive activities, so we made a list of our faves. Catch their Luminaries light show, skate at NYC’s only waterfront ice rink, and visit Winter Wanderland: our IG-worthy, interactive holiday experience.*
2. Explore the impact of a hidden educational crisis.
16 million students are impacted by chronic absenteeism.† Enter: the Whirlpool Care Countsᵀᴹ Laundry Program. They’re on a mission to get kids back in school, one laundry machine at a time.*
3. The only mascara you’ll want to wear for holiday gatherings this year.
This nourishing mascara makes lashes look like extensions and supports longer, healthier-looking lashes with every wear. No wonder it’s got 25K+ five-star reviews. Pro tip: Snag a few extras for stocking stuffers.*
This viral brand is known for their impeccably designed swimwear, but they also make gift-worthy sweaters, joggers, PJs, and party pieces. Get it all in time for the holidays and score free shipping with code SLEIGH.*
We like to celebrate the wins, big and small. Let us know how your friends, neighbors, coworkers (and yes, even you) are making career moves, checking off goals, or making an impact in the community.
On a mission…Enrique F (WI). He established the Gente Chicana/SOYmos Chicanos Fund in 2019. The goal is to promote the understanding, appreciation, and practice of Chicano/na arts through the fund's grants. Learn more here.
(Some) Birthdays…Cidnye Weimer (OH), Caroline Read (TX), Coley Wogsland (ND), Genevieve Parshley (NC), Amanda Bruno (OH), Elizabeth Spencer (GA), Tammy Renzi (CA), Pauline Minas (KY), Becky Balistreri (WI), Amanda Meigs (TX), Carol Harper (OH), Lauren Marie Paciullo (NY), Dania Borrero (FL), Elizabeth Gregory (NJ), Mary Timmons-Schneider (GA)
PS: Paging all members of theSkimm. Reach out here for a chance to be featured.
Skimm'd by: Rashaan Ayesh, Chantal Vaca, Maria del Carmen Corpus, and Julie Shain
Photos by Fadel Dawod via Getty Images, Brand Partners, Pendulum
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