S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

World Bank head says he's not a climate denier, won't quit


David Malpass, president of the World Bank Group, arrives for a meeting with Japan's Prime Minister Fumio Kishida at Kishida's official residence in Tokyo, Japan, Sept. 13, 2022. Malpass said Friday, Sept. 23, 2022, that he will not resign after coming under criticism for his remarks earlier this week regarding climate change. (Issei Kato/Pool Photo via AP, File)

WASHINGTON (AP) — World Bank President David Malpass said Friday he won't resign after coming under criticism for his remarks earlier this week regarding climate change.

At an event sponsored by The New York Times on Tuesday, Malpass wouldn't answer directly when asked whether the burning of fossil fuels has contributed to global warming. Instead, he said, “I am not a scientist.”

In an interview with Politico Friday, Malpass said he wouldn’t resign, and that he hasn’t been asked to do so by any of the bank’s member governments. He acknowledged he should have done a better job responding to questions on Tuesday, when he was asked to respond to a charge earlier that day from former Vice President Al Gore that he was a “climate denier.”

“When asked, ‘Are you a climate denier?’ I should have said no," he said.

Malpass also said the World Bank is taking a “forceful leadership” position on climate issues.

“It's clear that greenhouse gas emissions from human activity are causing climate change,” Malpass said in the Friday interview. "So the task for us, for the world, is to pull together the projects and the funding that actually has an impact.”

Malpass was nominated to the position by former President Donald Trump in 2019, under the longstanding tradition that allows the U.S. to choose the head of the World Bank and European governments to pick the head of the International Monetary Fund. His five-year term ends in April 2024.

White House press secretary Karine Jean-Pierre said Friday that the Biden administration disagrees with Malpass’ comments suggesting climate change is not caused by human activity.

Jean-Pierre did not say whether the administration would seek to remove Malpass, as that would require the approval of other World Bank members.

The Treasury Department “will hold Malpass accountable,” Jean-Pierre said, “and support the many staff working to fight climate change at the World Bank. But again, removal would require a majority of stakeholders.”


Environmentalists have urged that Malpass be pushed out if necessary.

“Climate denialism has no place in a world where millions of people are suffering from the ravages of this crisis,” said Johanna Chao Kreilick, president of the Union of Concerned Scientists. “Malpass should be replaced immediately.”

___

Associated Press writer Josh Boak contributed to this report.

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