The Democrat in the White House may be different, but the attacks are very familiar. Joe Biden’s early blitz to confront the climate crisis has provoked a hostile Republican backlash eerily similar to the opposition that stymied Barack Obama 12 years ago. Once again, efforts to reduce planet-heating emissions are being assailed as radical, job killing and elitist.
Republican lawmakers in Congress have denounced Biden’s flurry of executive orders on climate and have even introduced legislation to bypass the president and approve the contentious Keystone XL oil pipeline. Republican-led states are also joining the fray with Greg Abbott, the governor of Texas, who is vowing to use the courts to block Biden’s move to halt oil and gas drilling on public lands. “Texas is going to protect the oil and gas industry from any type of hostile attack launched from Washington DC,” Abbott said.
While some younger, more moderate Republicans want to reform the party’s position on climate, the criticism of Biden has wandered into bizarre territory, such as Texas senator Ted Cruz tweeting that the president has shown he is “more interested in the views of the citizens of Paris than in the jobs of the citizens of Pittsburgh” by rejoining an international agreement to cut emissions that happened to be signed in Paris. John Kennedy, another Republican senator, mocked Biden’s plan to boost take-up of electric cars by telling Fox News on Tuesday that “my car doesn’t run off fairy dust, it doesn’t run off unicorn urine”.
This range of opposition “is pretty much the standard Republican message to any sort of climate proposals”, said Robert Brulle, an academic at Brown University whose own research has found fossil fuel companies spent $2bn lobbying lawmakers over climate change between 2000 and 2016. “This argument certainly resonates in areas with a large presence of fossil fuel employment.”
Janet Yellen warns of ‘tough months ahead’ for Covid-hit US economy
Treasury secretary Janet Yellen on Thursday warned of “tough months ahead” before the US economy gets to the other side if the coronavirus-related crisis.
She also said that she and financial market regulators needed to “understand deeply” what happened in the trading frenzy involving GameStop and other retail stocks in recent days before taking any action.
Yellen, who is convening a meeting of top market regulators on Thursday, told ABC’s Good Morning America: “We really need to make sure that our financial markets are functioning properly, efficiently and that investors are protected.”
She added: “We’re going to discuss … whether or not the recent events warrant further action.”
In her first television interview since being confirmed as Joe Biden’s treasury secretary, having previously served as chair of the federal reserve – the first time a woman has held either of those posts – Yellen also urged Congress to “act forcefully” on the coronavirus relief package now under discussion there.
Read more here: Janet Yellen warns of ‘tough months ahead’ for Covid-hit US economy