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Reduced Plastic Production is Key Demand for Many Parties
The second session of the Intergovernmental Negotiating Committee on Plastic Pollution, or INC-2, ended today with a “zero draft” of a treaty expected before INC-3 and no sign from the U.S. of firm commitments to curb plastic production.
During the week-long negotiations, country delegates debated the rules of the negotiation process, identified options they would like to see included in a zero draft — a preliminary document that gets the ball rolling — and agreed on how to make progress between now and the next negotiating session in November.
“I’m glad the United States helped jumpstart substantive talks in Paris, but the team must come to the next session with a bold commitment to cut plastic production,” said Julie Teel Simmonds, a senior attorney at the Center for Biological Diversity. “The U.S. hasn’t yet been willing to put the reduction of plastic production front and center in this treaty, and we can’t curb pollution without drastically scaling back its creation. At the next negotiations, the United States should take direct aim at the pervasive plastic that’s infiltrating every corner of our planet by hitting hard on production.”
Many country delegates and groups in attendance as observers, including the Center, expressed support for including mandatory measures in the treaty to reduce plastic production. Participants also called for prohibiting false solutions often suggested by industry representatives, such as “chemical” or “advanced” recycling that they misleadingly label “circular.”
The U.S. delegation in Paris was instrumental in resolving initial procedural debates, which focused on whether to adopt a consensus or a majority voting process throughout the negotiations. Its diplomacy helped move the negotiations into core discussions on the treaty’s potential contents. In the latter part of the week, delegates split into two groups to begin working out the treaty’s core elements, including obligations, financial mechanisms and other implementation measures.
But the United States stopped short of supporting any mandatory measures that will directly reduce plastic production and consumption and focused almost exclusively on voluntary measures and measures left to national definition.
Negotiations were marred by complaints from stakeholder groups about limited access to sessions and calls to give Indigenous Peoples and frontline and fenceline communities a bigger and more meaningful platform.
The next negotiating session, INC-3, will take place in Nairobi, Kenya, in November 2023.
At the Center for Biological Diversity, we believe that the welfare of human beings is deeply linked to nature — to the existence in our world of a vast diversity of wild animals and plants. Because diversity has intrinsic value, and because its loss impoverishes society, we work to secure a future for all species, great and small, hovering on the brink of extinction. We do so through science, law and creative media, with a focus on protecting the lands, waters and climate that species need to survive.
(520) 623-5252One Brazilian lawmaker said Teresa Regina de Ávila e Silva's death occurred "against a backdrop of extreme distress for the family, with the unjustifiable detention of Thiago in Israel."
The mother of detained Brazilian Gaza flotilla activist Thiago Ávila died Tuesday while her son is allegedly being abused in Israeli custody after being seized off the coast of Greece last week.
Brazilian media reported that Teresa Regina de Ávila e Silva, 63, died after a decadeslong affliction with Amyotrophic Lateral Sclerosis (ALS), also known as Lou Gehrig's Disease, a progressive neurodegenerative disorder.
The Civil Police Union of the Federal District in Brasília—where Luana de Ávila, Ávila e Silva's daughter, is vice president—said in a statement that "Teresa Regina is remembered as a woman of admirable joy and strength, whose life was marked by her ability to face life with lightness, dignity, and love."
"Throughout her journey, she built strong bonds with everyone around her, leaving behind a legacy of affection, presence, and care for her family," the statement continued. "Later in her life, she faced a delicate condition, which she confronted with courage and serenity, always supported by the unconditional dedication of her children, grandchildren, nephews, and all her family and friends."
Erika Kokay, a member of Brazil's ruling Workers' Party representing Brasília in the Federal Chamber of Deputies, said on X that "Teresa will be remembered as a woman of strength and joy, who faced life's challenges with dignity and left a legacy of love for her family."
"My solidarity is even deeper when considering that this grief is unfolding against a backdrop of extreme distress for the family, with the unjustifiable detention of Thiago in Israel," Kokay added. "He was arrested while on a humanitarian mission headed to the Gaza Strip, enduring violations of his rights."
Thiago Ávila and at least 175 other Global Sumud Flotilla members were intercepted and abducted by Israeli forces on April 30 approximately 45 nautical miles from the Greek coast and more than 600 nautical miles from Gaza while trying to deliver humanitarian aid to the Palestinian territory in dozens of boats.
After allegedly enduring abuse and brutal attacks that left over 30 flotilla activists with injuries including concussions and broken ribs and noses, all but two of the convoy's members were released.
Ávila and another member of the Global Sumud Flotilla steering committee, Spanish-Swedish national Saif Abu Keshek, were taken to Israel, which claims without evidence that the pair have links to Hamas, the militant Palestinian resistance group that led the October 7, 2023 attack on Israel.
Israeli authorities have twice extended the pair's detention. According to the Global Sumud Flotilla, Ávila and Abu Keshek “are being subjected to systemic psychological torture and explicit threats to the lives of their families.”
Adalah Legal Center, which represents the pair, said Ávila is being "subjected to repeated interrogations lasting up to eight hours," and “interrogators have explicitly threatened him, stating he would either be ‘killed’ or ‘spend 100 years in jail.’”
“Both activists remain in total isolation, subjected to 24/7 high-intensity lighting in their cells, and kept blindfolded whenever they are moved, including during medical examinations,” the group added.
Brazilian President Luiz Inácio Lula da Silva, Spanish Prime Minister Pedro Sánchez, and their respective governments have condemned the activists' detention and demanded their release.
On Wednesday, the United Nations Office of the High Commissioner for Human Rights joined calls for the pair's release, asserting that "it is not a crime to show solidarity and attempt to bring humanitarian aid to the Palestinian population in Gaza, who are in dire need of it."
Gazans are suffering from 31 months of what UN experts say is a genocidal war and siege perpetrated by Israel, whose leader, Prime Minister Benjamin Netanyahu, is a fugitive from the International Criminal Court. The Hague-based tribunal accuses Netanyahu and former Israeli Defense Minister Yoav Gallant of war crimes and crimes against humanity in Gaza, including murder and forced starvation.
Since October 2023, more than 250,000 Palestinians have been killed or wounded—including thousands of bodies still buried beneath rubble—and most of the Gaza Strip's more than 2 million people have suffered forced displacement, starvation, or illness caused by Israel's onslaught.
Ávila isn't the first high-profile person to lose his mother while jailed by Israel. Samiha Abu Safiya died of a heart attack attributed to “severe sadness” after her son, Kamal Adwan Hospital director Dr. Hussam Abu Safiya, was imprisoned by Israeli forces, including in the notorious Sde Teiman prison. Abu Safiya—who has allegedly been subjected to torture including electric shock and has suffered broken ribs—is still being held by Israel.
"Only a select few in the top tax bracket are benefiting from this, and the majority of you ain’t in it," said former Rep. Marjorie Taylor Greene.
Observers are once again raising concerns about insider trading on Wednesday after a trader took a colossal crude oil short position just over an hour before a US-Iran peace deal was reported to be on the horizon, causing prices to fall.
The Kobeissi Letter, a financial newsletter, reported on X that at 3:40 am on Wednesday, "nearly 10,000 contracts worth of crude oil shorts were taken without any major news."
This was equivalent to $920 million in notional value, which the letter described as "an unusually large trade" so early in the morning. But it would soon pay off.
At 4:50 am, just 70 minutes later, Axios published an exclusive scoop by Middle East reporter Barak Ravid that the White House believed the US and Iran were on the verge of agreeing to a one-page "memorandum of understanding" to end the war, which included more nuclear negotiations, one of the key sticking points for US President Donald Trump.
By 7:00 am, just over two hours after Axios dropped its report, oil prices had fallen by 12%, allowing the savvy investor to make $125 million in a matter of hours, which led to accusations that it was yet another example of "epic insider trading" by those in the know about Trump's plans.
Prices have since rebounded by about 8% after Iran announced the creation of the new "Persian Gulf Strait Authority," to mediate the passage of ships through the Strait of Hormuz on its terms.
The Trump administration has already been deluged with accusations that its members are using insider information to take advantage of financial markets and prediction market apps.
Last month, an active-duty US special forces soldier was indicted by the Department of Justice after he made about $400,000 betting on Polymarket that Venezuelan President Nicolás Maduro would be removed from power, a bet he allegedly placed using classified information about an operation he himself was involved with.
More bettors collected around $1 million in profits from bets on the specific timing of Trump's war with Iran in late February. The Financial Times also reported a surge of more than $580 million in oil futures trading right before Trump announced a pause in strikes on Iran's energy facilities in March.
Of course, Wednesday's bet theoretically could have been made without the aid of insider information.
The new peace framework is the latest in what has seemed to be an endless pattern over the past several weeks in which US officials tell media outlets that a peace agreement is on the horizon, causing oil prices to dip, only for it to collapse later in the week, often with Trump issuing hostile threats or making new demands.
It has become such a familiar story that some have speculated that the announcement of productive ceasefire talks is deliberately choreographed to calm oil markets and bring down prices, which have become a growing problem for Trump among voters.
But as The Economic Times explained, the bet placed Wednesday morning likely "is not a routine hedge" or "a portfolio rebalancing move."
"At that hour, in that size," it said, "a crude oil short of that magnitude is a deliberate, high-conviction directional bet."
Former Rep. Marjorie Taylor Greene (R-Ga.), a one-time Trump cheerleader who's become one of his leading critics, suggested Trump's erratic approach to negotiating an end to the war was just a tool used by him and his allies to profit.
"When is everyone going to start realizing that the on-again, off-again war/peace rhetoric is really just insider trading? And sprinkle in some murder," Greene wrote on social media. "Only a select few in the top tax bracket are benefiting from this, and the majority of you ain’t in it."
Democrats in Congress have urged the Securities and Exchange Commission (SEC) to investigate what Sen. Chris Murphy (D-Conn.) suggested could be "mind-blowing corruption" by the White House, not only related to Trump's wars, but also to his tariff regime, which has caused similar market chaos that bettors have been able to capitalize on with fortuitously timed wagers.
But critics have described profiting from the machinations of a war that has killed more than 1,700 civilians as particularly grotesque.
"This has to stop," said Fox News commentator Jessica Tarlov. "Lives on the line so they can insider trade!"
"Reckless actions on the economy and the expensive fallout from the war in Iran has made it harder for working families to purchase a car and has left millions more feeling major pocket pain at the pump," one researcher said.
As Americans on Wednesday continued to face the economic fallout of President Donald Trump's war on Iran, a gallon of gasoline cost $4.536, the average transaction price for a new vehicle was $49,275, and a pair of progressive groups published a report detailing "how surging auto loan debt is hurting households."
"The costs of purchasing and financing a car have been going up for years," noted Protect Borrowers senior fellow Tara Mikkilineni, who co-authored the report, "When The Wheels Come Off," with other experts from her organization and The Century Foundation.
"Unfortunately, the Trump administration's reckless actions on the economy and the expensive fallout from the war in Iran has made it harder for working families to purchase a car and has left millions more feeling major pocket pain at the pump," Mikkilineni said. "For millions of working families, a car is not a luxury, it is an essential economic lifeline. Working families deserve relief and they deserve to have a government that is watching out for them, not allowing lenders and auto dealers to rake in record profits at their expense."
Mikkilineni's team found that "in recent years, aggregate total auto debt has reached $1.68 trillion, a 37% jump since early 2018, and now comprises the largest volume of outstanding loan debt ever recorded. At the end of 2025, nearly 86 million Americans—roughly 28% of consumers—have outstanding auto loan or lease debt. Residents in states where driving is most necessary, such as Texas, Alaska, Louisiana, and Florida, are struggling with the highest levels of auto debt."
"Borrowers carrying auto loans see significantly higher and faster credit card balance growth—regardless of income level—suggesting that auto debt cascades into broader financial pressure," according to the report. Specifically, "between early 2018 and late 2025, credit card balances for middle-income borrowers with auto debt surged by 31%, while those without auto loans saw a notably lower growth of 17%. Borrowers with extended-length auto loans are carrying monthly balances on their credit cards that are 190% of (that is, nearly twice) their monthly income."
"At the end of 2025, the average origination balance for an auto loan reached $33,519, an amount $10,000 higher than the average in 2018, due to massive increases in the price of even the most basic cars and a shortage of 'affordable' car models," the publication explains. "Borrowers are also facing higher interest rates. Today, the average annual percentage rate (APR) for auto loans is nearly 10%, up from 7.5% in 2018."
Financially vulnerable borrowers are being hit particularly hard by current conditions. The researchers found that for those with the most limited access to credit, "the average APR is up to 18.7%, which means a six-year loan on a $30,000 car will cost $20,000 in interest alone. Furthermore, Black, Hispanic, and American Indian and Alaska Native borrowers face higher interest rates than their white and Asian counterparts."
NEW from @cnbc.com: Auto debt is crushing families. Our new report with @borrowerjustice.bsky.social shows that 86 million Americans owe a staggering $1.68 trillion in auto loan debt, with auto debt now reaching the highest level ever recorded. www.cnbc.com/2026/05/06/c...
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— The Century Foundation (@tcfdotorg.bsky.social) May 6, 2026 at 10:24 AM
Affordable vehicles are also harder to find these days. Sean Tucker, a managing editor at Kelley Blue Book, told CNBC that "in 2017, [automakers] built 36 models priced at $25,000 or under... Today? Four."
Tucker said that a "record" share of new cars—over 43%—are now bought by households with incomes of at least $150,000. According to him, "Automakers are serving that market."
Angela Hanks, another report co-author and chief of policy programs at The Century Foundation, stressed that "for the overwhelming majority of working families, a car is a necessity—yet purchasing a car has become a financial trap, eating up more of people's paychecks than ever before."
With so many US communities lacking quality public transit, some US families in need of a vehicle turn to loans with longer terms. The report points out that "for these borrowers, even after taking on these riskier products with additional lifetime costs, auto loan payments are still nearly 20% of their monthly income, meaning nearly $1 out of every $5 they earn will go toward car payments over the seven years of their loan."
Hanks highlighted that "while families drown" from costly, extended-term loans, "the Trump administration is refunding big businesses for the tariffs that consumers paid, with interest."
The Trump administration last month launched a portal designed to facilitate refunds for around $166 billion in tariffs that the US Supreme Court struck down as unconstitutional, but only businesses that directly paid the import taxes are eligible, even though companies largely passed on the cost hikes to consumers.
Meanwhile, the president responded to the high court's decision by imposing temporary import taxes, and his administration is pursuing "plan B," holding hearings required to impose tariffs under Section 301 of the Trade Act of 1974, a different legal authority than the one Trump used last year.
The new report concludes by calling on US policymakers to act: "Amidst the growing affordability crisis, Americans deserve urgent action to bring down costs and rein in profiteering from the dealers and lenders who have been allowed to get away with nickel-and-diming working families for far too long."