Economics

Election Puts Obama Climate Pledge at Risk

A demonstrator wears a flag as a cape during the People's Climate March in New York, U.S., on Sunday, Sept. 21, 2014.

Photographer: Timothy Fadek/Bloomberg
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President Barack Obama’s pledgeBloomberg Terminal to lead a global effort raising $100 billion a year to help poor nations combat climate change may be an early casualty of the Republican takeover of Congress.

Lawmakers set to gain roles in setting policy, such as Oklahoma Senator James Inhofe, have questioned spending U.S. dollars on the effort, a linchpinBloomberg Terminal of efforts to win a global pact fight global warming. Inhofe, who has decried climate-change science and is the probable next chairman of the Senate Environment and Public Works Committee, has said the funding is a misguided foreign-aid effort.