Bloomberg News
California Decline: Population Likely Peaked Three Years Ago
A July projection from the state's Demographic Research Unit indicates that the population in 2060 may be about what it is today.
Seven Charts Highlight the Strangeness of the Housing Market
The unique conditions created during the last few years have upended the U.S. housing market and led to some unusual trends.
The Big Divide Between Big and Little Oil on the New Climate-Energy Law
President Joe Biden signed what he called “one of the most significant laws in our history” last Tuesday. The energy provisions in the law that benefit oil and gas extraction exposed different perspectives within the industry on the law.
The Surprising Oil Tax in the Inflation Reduction Act
President Biden has made reducing gas prices paramount in his administration, so it was likely a surprise to hear a Republican senator last Sunday warn TV viewers that a revived and increased oil fee in the climate bill will increase their gas costs.
Extending the Life of California's Largest Power Plant
Gov. Gavin Newsom has notified the U.S. Department of Energy of his interest in using funding included in the Infrastructure Investment and Jobs Act to extend the life of the Diablo Canyon nuclear power plant slated to close in three years.
Pandemic Paradox: World's Most Vaccinated Country Also the Most Infected
Is the lesson from the Seychelles, an African archipelago nation in the Indian Ocean, that all COVID-19 vaccines are not the same? If so, that could spell trouble for other countries relying on the Sinopharm and Covishield vaccines.
Pandemic Still Surging in Parts of the U.S.
Bloomberg News' 'Evening Briefing' on April 29 looked at the global pandemic, noting the horrific scenes in India, Brazil's rising death toll, and added, "Coronavirus mutations are also wreaking havoc in America." Oregon is their focus.
The World's Highest Rates of Coronavirus Infections and Deaths
Brazil and the U.S. lead the world in daily COVID-19 cases and deaths. Western Europe is undergoing a third wave of infections, resulting in a new round of lockdowns, yet most of these nations are not among the 12 hotspots shown on a global tracker.
Hospitals and Healthcare Workers Brace for Influx of COVID Patients
Coronavirus infections, while at record-high levels, have decreased during the past week, unlike hospitalizations, which are still surging. Public health experts expect it to get a lot worse due to the Thanksgiving holiday travel.
Hong Kong Acts Decisively to Stamp Out Coronavirus Resurgence
Hong Kong, hailed as an early success in containing the virus, is seeing a resurgence that threatens to exceed the initial outbreak. While minimal by U.S. standards, the government is enacting its strictest restrictions to date to extinguish it.
U.S. Becomes Net Oil Exporter, If Only Briefly
Oil independence, a goal set by President Nixon in the depth of the 1973 energy embargo, was achieved in the last week of November thanks to a fluke in record keeping as well as an "unprecedented boom in American oil production."
Prime Minister Trudeau Extends Carbon Pricing Throughout Canada
A carbon tax-and-dividend plan goes into effect on January 1 in the four Canadian provinces that don't price carbon emissions. Revenues will be rebated to residents, small businesses, and public institutions as Climate Action Incentive payments.
The Most Carbon-Intensive Component of Electric Vehicles Deserves Attention
It's well known that an electric vehicle is only as clean, from a greenhouse gas perspective, as the electricity it consumes to power it. A new study finds that the electricity used in the manufacturing of car batteries also must be considered.
More Diesel Driving Bans Coming to German Cities
Germany's automotive industry and Chancellor Angela Merkel are increasingly worried about the economic effects of court-sanctioned diesel driving bans to improve air quality, as enacted in Hamburg last May. Four more cities are likely to enact bans.
San Francisco Voters to Decide on Employer Tax to House the Homeless
It started in Seattle with the Amazon Tax to pay for transportation and housing needs exacerbated by the city's largest employers. Last month, a Google Tax was placed on the November ballot in Silicon Valley. A landlord tax in Oakland could be next.
California and Auto Industry Agree on Vehicle Emissions Standards
Normally having the California Air Resources Board and the auto industry in agreement on emissions standards would be enough, but the Trump administration wants to ensure that California plays no role in setting standards.
Will GOP Reconsider Redirecting Amtrak Funding After Train Crash?
Republican lawmakers got a first-hand lesson in train safety Wednesday when their chartered Amtrak train hit a trash truck at a grade crossing in Virginia, killing one in the truck. Trump's infrastructure plan redirects Amtrak and transit funding.
Energy Transformation Predicted in 12 Years
By 2030, the world's consumption of oil will drop due to increasing electric vehicle sales, according to a report by Bank of America. Other researchers disagree on the timeframe. The report is useful for highlighting the term, "peak oil demand."
China to Ban Gas and Diesel Car Sales to Spur EVs
Electric vehicles (EVs) have a bright future in the world's most populous nation and largest auto market, unlike those powered by oil. That was a ministry chief's message at an auto forum on Saturday.
Shell Gives Another Early Christmas Gift to Environmentalists
Shell Oil surprised the environmental community in September by announcing an end to Arctic drilling. What could come next? Shell is abandoning plans for the Carmon Creek oil-sands project in Alberta and taking a $2 billion write-down.
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