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For climate progressives, Biden's $2.25 trillion isn't enough

For climate Progressives, Biden s $2.25 trillion isn t enough
Leslie Kaufman and Brian Eckhouse, Bloomberg
April 1, 2021
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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,� ....

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Oil rally could extend into summer

Oil rally could extend into summer
Elizabeth Low and Alex Longley, Bloomberg
Feb. 24, 2021
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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. ....

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Oil holds near $60 amid power crisis

Oil holds near $60 amid power crisis
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U.S. energy crisis leaves millions without power in big freeze

U.S. energy crisis leaves millions without power in big freeze
Brian K. Sullivan and Naureen S. Malik, Bloomberg
Feb. 16, 2021
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Pump jacks operate in the Permian Basin in Midland, Texas, U.S, on Saturday, Feb. 13, 2021. The arctic freeze gripping the central U.S. is raising the specter of power outages in Texas and ratcheting up pressure on energy prices already trading at unprecedented levels. Photographer: Matthew Busch/BloombergMatthew Busch/Bloomberg
(Bloomberg) The energy crisis crippling power grids across the U.S. showed no sign of abating on Tuesday morning as blackouts left almost 5 million customers without electricity during unprecedented cold weather. ....

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Texas cold blast boosts oil

Texas cold blast boosts oil
Sharon Cho, Rob Verdonck and Alex Longley, Bloomberg
Feb. 15, 2021
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Oil rallied to a 13-month high as cold weather in Texas disrupted flows from America’s largest shale patch, exposing the fragility of global supplies amid sharp cutbacks by OPEC and its allies.
U.S. West Texas Intermediate futures surged as much as 2.5% and rose above $60 a barrel for the first time since January last year. Brent crude in London, meanwhile, rose above $63. Permian oil production has fallen by as much as 1 million barrels a day as temperatures fall to minus 1 Fahrenheit (minus 18 degrees Celsius) in Midland, Texas, the de facto capital of U.S. shale production, according to the National Weather Service Midland. ....

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