About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Biden Marks U.S. Pivot From Trump on Climate by Talking Up Jobs” – below is their description.
President Joe Biden signed a series of directives to combat climate change that he presented as a boost for U.S. employment, arguing that improvements in infrastructure and technology to curb global warming will add millions of jobs.
“Today is climate day at the White House which means that today is jobs day the White House,” Biden said Wednesday, as he unveiled measures aimed at fulfilling a campaign pledge.
The announcement marked the latest in a series of executive actions intended to quickly reverse some of the more controversial policies of his predecessor, Donald Trump, who rejected calls to address global warming and pulled the U.S. from the Paris climate accord.
Even as he cited the potential long-term jobs gains, Biden also took actions regarded as adversarial by the fossil fuels industry, among them halting the issuance of new oil and natural gas drilling leases on federal lands — prompting an early legal challenge from the energy industry. His administration seeks to leverage federal regulations and purchasing power to fight climate change.
“In my view we’ve already waited too long to deal with this climate crisis,” he said before signing directives mandating that the federal government incorporate climate change considerations in everything from federal purchases to national security.
The actions he took on Wednesday, he said, will “supercharge our administration’s ambitious plan to confront the existential threat of climate change.”
Shifting to cleaner methods of transportation and power generation while reinforcing U.S. property and infrastructure against extreme weather from the changing climate would add millions of “good paying union jobs,” he said.
The sweeping actions represent Biden’s opening foray to respond to a crisis his administration has described as on par with the coronavirus pandemic and systemic racial inequality. The president will host a global climate summit on April 22 — which is Earth Day — and has ordered a review of fossil-fuel subsidies and emissions targets.
“This is a case where conscience and convenience cross paths,” he said. “When I think of climate change, I think of answers to it, I think of jobs.”
The pause on new leases was a flashpoint during the presidential campaign, with former President Donald Trump attacking Biden regularly on the stump for a move that Republicans argue could kill jobs in states where fracking and oil drilling are key industries. About 22% of total U.S. crude supplies and 12% of U.S. natural gas came from federal lands and waters in 2019, according to the Energy Information Administration.
But Biden courted progressive supporters by promising to make a push to combat climate change central to his agenda. The White House has said the economic effects of acting on climate can be mitigated if tax subsidies for oil and gas companies are redirected to new, greener industries. But that effort — like many of Biden’s climate proposals — is likely to face opposition in Congress, where Democrats hold only narrow advantages in both chambers.
“We’re not going to ban fracking,” Biden said.
Biden’s order directs federal agencies to purchase zero-emission power and automobiles, such as electric vehicles, as a way to “leverage the federal government’s footprint and buying power to lead by example,” according to a White House fact sheet. The U.S. maintains a fleet of 645,000 vehicles and operates nearly 10,000 buildings, according to the General Services Administration.
The Biden Administration is also planning to create new government commissions focused on climate, job creation and environmental justice. Biden will establish a climate-focused civilian conservation corps along the lines of the program created by President Franklin Delano Roosevelt during the Great Depression.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: Climate Change
Climate Change is the name commonly given to the notion that the Earth is undergoing a changing climate as a result of human activity, including notable leaders, scientists and naturalists including Sir David Attenborough.
Climate change includes both the global warming driven by human emissions of greenhouse gases, and the resulting large-scale shifts in weather patterns.
2 Recent Items: Climate Change
In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
5 Recent Items: COVID-19
In This Story: Democrats
“Democrats” usually refers to the The Democratic Party of the United States – one of the two major political parties in the country, along with its main, historic rival, the Republican Party.
It was founded on 8th January 1828 and has its contemporary headquarters in Washington, D.C., United States. The present leadership is Nancy Pelosi (Party leader) and Jaime Harrison (Party chair).
2 Recent Items: Democrats
In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.