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Biden sees opportunity and calls for big spending on infrastructure


WASHINGTON — President Joe Biden on Wednesday launched a bold effort to reshape American life by repairing roads, installing electric car charging stations, renovating schools, expanding broadband connectivity and much more — a vision, he said, “not seen through the eyes of Wall Street and Washington, but the eyes of hardworking people.”
The ambitious proposal, with a price tag exceeding $2 trillion over eight years, reflects Biden’s belief that the country is ready for the federal government to play a larger role in providing for its citizens, tackling climate change and modernizing its public works, recalling expansive Democratic initiatives during the New Deal and the Great Society eras. ....

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A reshaped battlefield for climate policy


As Washington talks climate rules and legislation, carbon emitters are burnishing their climate credentials.
TC Energy, the company behind the Keystone XL pipeline, pledged days before President Joe Biden’s inauguration to buy carbon emissions offsets for the project, which the administration halted.
General Motors announced in January it plans by 2035 for the bulk of cars it sells to be electric. Volkswagen said it expects it will double sales of electric vehicles, or EVs, in 2021. Volvo intends to only sell electric cars by 2030. “There is no long-term future for cars with an internal combustion engine,” said Henrik Green, Volvo’s chief technology officer. ....

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