Drought points to need climate fund: Obama

MarketWatch: President Barack Obama wants to use California’s current drought as an example of the need for a $1 billion “climate resilience fund” that would aid research and help communities find ways to handle climate change, reports said Saturday. Associated Press said Obama outlined the initiative as he announced more than $160 million in aid to California’s farms that are struggling to deal with the effects of the worst drought in more than a century. “We have to be clear. A changing climate means......

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