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Commentary: U.S. Senator Martin Heinrich (D-N.M.), a member of the Senate Energy and Natural Resources Committee, announced legislation to assist federal
U.S. Sen. Martin Heinrich Introduces Legislation To Ensure Budget Certainty For Fossil Fuel Producing States U.S. SENATE News: WASHINGTON — U.S. Sen. Martin Heinrich (D-N.M.), a member of the Senate Energy and Natural Resources Committee, introduced legislation to assist federal fossil fuel producing states like New Mexico as revenues decline in the coming years due to market forces and policies to curb carbon pollution. The Schools and State Budgets Certainty Act would provide a predictable transition for states, counties, and Tribes and give those governments time to transition their bud...
If enacted, the bill would provide federal relief funds to states, counties and tribes based on a baseline revenue level determined by past annual averages.
An oil well is pictured, Thursday, March 25, 2021, in Riverside Park in Aztec. Sen. Martin Heinrich announced Thursday plans to introduce legislation that would help areas that depend on revenue from fossil fuels maintain balanced government and education budgets as the country moves toward a clean energy economy. Known as the Schools and State Budgets Certainty Act, the bill would provide funding to offset the loss of revenue if money from fossil fuel extraction drops. The bill would create a baseline minimal revenue for governments based on the historical average revenue the governments rec...
Among the difficulties of entering uncharted macroeconomic territory, where daily "transitory" changes cause wild volatility in all corners of the market, is documenting key themes as they emerge. One of the better analyses of the current market environment that we have read has come from Bloomberg Opinion writer John Authers. In a piece published on Friday, Authers lays out two key market themes heading into the end of Q2: The developing problem of inflation, especially as it relates to the cost of food, in emerging markets. How Elon Musk has, alongside of all of his devotees and disc...