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Everybody Is Going to End Up Paying for Texas’ Climate Crisis Source: By David R Baker, Bloomberg • Posted: Monday, March 15, 2021
Americans already share the collective financial burden of climate change, even if they don’t realize it
Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by $400, after the crisis jacked up natural gas prices across the country. Xcel Energy’s Colorado customers could face a $7.50 per month surcharge for the next two years.
This is a subtle demonstration of the way Americans already share the collective financial burden of climate change, even if we don’t realize it. The national bill for global warming is here, and it’s rising.
How Everybody Ends Up Paying for Climate Crisis
Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by $400, after the crisis jacked up natural gas prices across the country. Xcel Energy’s Colorado customers could face a $7.50 per month surcharge for the next two years.
This is a subtle demonstration of the way Americans already share the collective financial burden of climate change, even if we don’t realize it. The national bill for global warming is here, and it’s rising.
Americans already share the collective financial burden of climate change, even if they don’t realize it. The national bill for global warming is here, and it’s rising.
Everybody is going to end up paying for weather crisis in Texas - and elsewhere
David R Baker and Mark Chediak, Bloomberg News
March 13, 2021
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Residents shovel snow from the street in front of a home in East Austin, Texas, U.S., on Wednesday, Feb. 17, 2021.Thomas Ryan Allison / Bloomberg
Fallout from last month’s deadly deep freeze in Texas has quietly spread to people living hundreds of miles away. Minnesota utilities have warned that monthly heating bills could spike by $400, after the crisis jacked up natural gas prices across the country. Xcel Energy’s Colorado customers could face a $7.50 per month surcharge for the next two years.
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