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For climate Progressives, Biden s $2.25 trillion isn t enough Leslie Kaufman and Brian Eckhouse, Bloomberg April 1, 2021 FacebookTwitterEmail President Joe Biden delivers a speech on infrastructure spending at Carpenters Pittsburgh Training Center, Wednesday, March 31, 2021, in Pittsburgh.Evan Vucci/AP (Bloomberg) As a candidate, Joe Biden garnered nearly unanimous support from environmentalists, progressives, and clean energy advocates for his promise to reconfigure the U.S. economy for the fight against climate change. But as president, his $2.25 trillion jobs-and-infrastructure blueprint released Wednesday and meant to fulfill much of that campaign pledge received a much less harmonious welcome. “Today I find myself caught between two truths,” said Varshini Prakash, executive director of the youth climate activist group the Sunrise Movement. “This infrastructure plan is a historic step forward that would not have been possible without us,� ....
J&J s COVID-19 vaccine could protect millions - if people take it One-dose version s overall efficacy is below Pfizer, Moderna Angelica LaVito and Riley Griffin, Bloomberg March 1, 2021 FacebookTwitterEmail Johnson & Johnson’s Covid-19 vaccine could protect millions more Americans from contracting the coronavirus. The key will be assuring people that the single-shot vaccine is worth taking, as its overall efficacy appears lower than the two-dose ones already on the market in the U.S. J&J’s shot, which U.S. regulators authorized Saturday, is more convenient than the vaccines cleared by the Food and Drug Administration last year. It requires one injection and can be stored for months in a refrigerator. State health officials and the Biden administration see it as a way to quickly host mass clinics as more transmissible virus variants continue to spread. Yet the ease of distributing the vaccine will need to be balanced with the risk of creating the percep ....
Oil rally could extend into summer Elizabeth Low and Alex Longley, Bloomberg Feb. 24, 2021 FacebookTwitterEmail The effects of the winter storm in Texas may be seen on crude stockpiles when government data is released Wednesday.David Paul Morris / Bloomberg Oil climbed again, with mixed news on global inventories offset by expectations of a prolonged market rally into the summer. Futures in New York climbed as much as 1.4%, wiping out an earlier loss. The American Petroleum Institute reported crude inventories increased by 1.03 million barrels last week, though stockpiles at a key European storage hub are at their lowest level since September, according to Genscape. The structure of the futures curve continues to indicate tighter supply. ....
Houston man hit with $2,700 power bill after snowstorm Yueqi Yang and Naureen S. Malik, Bloomberg Feb. 22, 2021 FacebookTwitterEmail HOUSTON, TEXAS - FEBRUARY 21: The U.S. and Texas flags fly in front of high voltage transmission towers on February 21, 2021 in Houston, Texas.Justin Sullivan/Getty Images (Bloomberg) After enduring a wretched week of Arctic storms, hunger and cold, several Texans lucky enough to have power were handed another pain point massive electricity bills. Houston resident David Astrein, 36, a human resources director at a manufacturing company, said he’s been charged $2,738.66 for 20 days this month versus $129.85 for the whole of January for a three-bedroom home with a detached garage. He and his wife stopped using their dishwasher, washer and dryer, and turned on as few lights as possible at night. They kept the heat on for their 5-month old son. ....
Jerry Jones gas company hits jackpot with surge during Texas power outages Sergio Chapa, Bloomberg FacebookTwitterEmail FILE: Jerry Jones, owner of the Dallas Cowboys, looks on before the game against the Washington Football Team at FedExField on October 25, 2020 in Landover, Maryland. (Photo by Patrick McDermott/Getty Images)Patrick McDermott/Getty Images (Bloomberg) The natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices for the fuel as a brutal freeze grips the central U.S., leaving millions without power. Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday. As demand jumps amid the cold, gas at some regional hubs has soared past $1,000 per million British thermal units. ....