Besieged Berkshire Utility Tries to Rewrite Who Pays for Wildfires Utility-ignited fires have become a thorny issue for Warren Buffett’s successor.

This much is clear: As climate change has made wildfires more frequent and destructive, the issue of who pays for their costs has come to a head.

My story with @alexrajbhandari.bsky.social on the all-out offensive to rewrite who pays for wildfires: www.bloomberg.com/news/feature... 5/5

This $26.5 Billion Power Loan Is All About the Midterms If you want to gauge the political temperature around utility bills and the datacenter boom, the Department of Energy just made its biggest loan in history to help keep a lid on utility bills in a dat...

The DoE’s biggest loan ever is a sign of how energy bills are shaping the midterms
@opinion.bloomberg.com

www.bloomberg.com/opinion/arti...

US Climate Forecaster to Be Absorbed in Weather Agency Reshuffle The US climate forecasting service will be absorbed into other federal departments as part of a re-organization announced to staff Thursday.

Scoop: The Climate Prediction Center is being folded into other agencies overseen by the National Weather Service

The change follows moves by the Trump administration to dismantle climate science programs

By @weathersullivan.bsky.social & @laurenthal.bsky.social

www.bloomberg.com/news/article...

‘Super Bomb’ Blizzard Aims Heavy Snow at New York, Northeast A powerful winter storm that may turn into a “super bomb” threatens New York City and the Northeast with heavy, wet snow by the foot starting Sunday and tropical storm-strength wind gusts that are lik...

A good-old-fashioned nor'easter "super bomb" is on the way for NYC, Boston, Long Island, New England: www.bloomberg.com/news/article...

What Democrats Can Learn From the Trump Energy Playbook Democrats shouldn’t be afraid to take more aggressive actions on clean energy, former Energy Secretary Jennifer Granholm said.

"Don't be afraid to break some eggs," former Biden-era Energy Secretary Jennifer Granholm said to the next Democratic administration at the BloombergNEF Summit in SF:

www.bloomberg.com/news/article...

Nuclear Fuel Makers Get $2.7 Billion From US as AI Boosts Power Demand The US is awarding $900 million each to Centrus Energy Corp. and two other nuclear fuel makers as part of an effort to restart domestic production and wean the US off of enriched Russian uranium.

SCOOP: The US is awarding $2.7 billion to domestic to nuclear fuel makers as part of an effort to restart domestic production. #energysky

www.bloomberg.com/news/article...

Trump’s Venezuela Oil Revival Plan Is a $100 Billion Gamble Realizing President Donald Trump’s plan for a US-led revival of Venezuela’s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion.

Realizing President Donald Trump’s plan for a US-led revival of Venezuela’s beleaguered oil industry could be a years-long and challenging process costing upwards of $100 billion www.bloomberg.com/news/article...

Cajun Navy groups may raise a few million dollars in a good year, collectively. As President Trump weighs major changes to FEMA - like shutting it down - some leaders say they wouldn't be able to replace it. Or simply aren't interested.

As one put it: "We don't want to end up sucking like them."

A DHS spokesperson said workers who publicly signed the Katrina Declaration "were wrongly and without authorization reinstated by bureaucrats acting outside their authority."

As one whistleblower lawyer put it: "I've never seen a retraction on a retraction like this."

Story w/ @zhirji.bsky.social

Agriculture Reporter - Brazil (Rio)

We're considering candidates in Rio as well as Sao Paulo:

bloomberg.avature.net/careers/Publ...

Agriculture Reporter - Brazil (Sao Paulo)

We're looking for a reporter to join our agriculture team, in Brazil! It's is a great opportunity for someone looking to chronicle the country's emergence as an agricultural-exporting superpower. Check out the link , or reach out direct: scasey4 at bloomberg,net
bloomberg.avature.net/careers/Publ...

Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes Power companies are turning to tech firms that can spot fragile trees and map high-risk areas before fires start.

PG&E, National Grid and other big utilities are using AI models to pick out relatively cheap, targeted fixes that cut the risk of sparking a deadly fire -- think individual poles to replace and trees to trim back. Story w/ @joewertz.bsky.social (gift link) www.bloomberg.com/news/article...

Tesla Co-Founder Straubel’s Battery Startup Redwood Fires Dozens Tesla Inc. co-founder JB Straubel’s battery recycling firm Redwood Materials Inc. cut dozens of jobs as the startup scales back some of its ambitious projects to refocus on tapping into demand for gri...

Scoop: Tesla co-founder JB Straubel's battery recycling firm Redwood Materials laid off dozens of staff, as the company shifts its focus to energy storage and critical minerals. This comes a month after Redwood raised $350 million for an over $6 billion valuation. www.bloomberg.com/news/article...

COP30 Climate Summit Reaches Deal That Leaves Many Nations Unhappy Almost 200 nations gathered in Brazil for the United Nations’ annual climate summit capped two weeks of fraught negotiations with an agreement Saturday on new efforts to help guide their transition aw...

www.bloomberg.com/news/article...
Almost 200 nations capped two weeks of fraught negotiations with an agreement on new efforts to help guide their transition away from the fossil fuels driving global warming. However, the accord dodged an explicit mention of the oil, gas and coal (🎁link)

Trump Calls on New York’s Con Ed to Cut Rates in Meeting With Mamdani President Donald Trump said he talked about the need for New York utility Consolidated Edison Inc. to lower rates during a meeting with New York Mayor-elect Zohran Mamdani at the White House.

NEWS - Trump and Mamdani agree that NY utility ConEd needs to lower utility bills.

🎁 Link: www.bloomberg.com/news/article...

This $1 Billion Nuclear Loan Is a Bad Look for Nuclear America’s biggest nuclear power company just scored an unequivocal home-run. The implications for America’s vaunted nuclear power renaissance are a little more equivocal.

Constellation’s $1B DoE loan is a bad look for nuclear power
@opinion.bloomberg.com

www.bloomberg.com/opinion/arti...

Turkey Beats Australia in Race to Host UN Climate Talks in 2026 Turkey is set to host the flagship United Nations climate change conference next year, beating a rival proposal from Australia following a protracted contest between the two countries.

Scoop: Turkey is set to host the flagship United Nations climate change conference next year, beating a rival proposal from Australia. Via @johnainger.bsky.social, Jen Dlouhy, @bykeirawright.bsky.social
(🎁link):
www.bloomberg.com/news/article...)

Bloomberg Economics - Geoeconomics - Climate Economist/Econometrician

📣Bloomberg Economics is hiring a climate specialist:
bloomberg.avature.net/careers/JobD...

Fossil Fuel Transition Emerges as Key Climate Fight in Brazil The thousands of protesters who brought traffic to a halt Saturday in the Brazilian city of Belém implored leaders to act faster to tackle global warming. As United Nations climate talks enter their c...

We're into week 2 at #COP30.

Over the next few days we'll see whether support for a roadmap to transition away from fossil fuels can get enough support from countries, or be blocked by producer nations:

www.bloomberg.com/news/article...

The Risky Movement to Make America Nuclear Again A Silicon Valley startup called Oklo is leading the charge to bring nuclear power back to the US with small reactors. Its backers have wealth and political connections that could undermine nuclear saf...

Do not miss this stunning investigation that reveals how a Koch-funded machine and Silicon Valley's new found interest is behind the dangerous advanced nuclear hype in the US.

🎁🔗 www.bloomberg.com/news/feature...

Tracking Hurricane Melissa’s Latest Path

Track Hurricane #Melissa here (🎁link):
www.bloomberg.com/graphics/202...

GAS TURBINE SHORTAGE 🚨⚡

Orders for turbines for natural gas power plants are vastly outpacing supply, threatening the world’s ability to keep pace with rising electricity demand

🧵 Thread on how we got here and what it means for power-hungry nations

www.bloomberg.com/features/202...

Trump Set to Cancel West Coast Hydrogen Hubs Amid Shutdown Fight The Trump administration is planning to cancel billions of dollars earmarked for hydrogen projects in California and the Pacific Northwest as part of its first tranche of funding cuts following the go...

SCOOP: The Trump administration canceling billions of dollars earmarked for hydrogen projects in California and the Pacific Northwest as it seeks to pressure Democrats in shutdown fight.

www.bloomberg.com/news/article...

Commodities Editor and Calgary Bureau Chief

We're hiring:

bloomberg.avature.net/careers/Publ...

US to Take Stake in Lithium Americas to Boost Nevada Project The US government agreed to acquire a stake in Lithium Americas Corp., Secretary of Energy Chris Wright said Tuesday on Bloomberg TV, giving a boost to the Canadian company as it develops its Thacker ...

SCOOP: The Trump administration has completed a deal to take an equity stake in Lithium America’s as part of a deal to renegotiate a $2.3 billion U.S. loan.

www.bloomberg.com/news/article...

“Question,” Epstein wrote to Maxwell on May 23, 2008. “Which one do you prefer,,, lewd and lscivious conduct ,, or procuring minors for prostituion.” At the time, he and his star-studded team of defense lawyers were closing in on a generous plea deal with federal and state officials in Florida, and Epstein was trying to negotiate the state charges to which he’d plead guilty. Maxwell’s response was matter-of-fact: From: gmax <gmax[REDACTED]> To: J. Epstein <jeeproject@yahoo.com> Date: Fri, May 23 2008 3:22 PM Subject: Re: I suppose Lewd and lecivious conduct..I would prefer lewd and lescivious conduct w/a prositute if possible

EXCLUSIVE/BOMBSHELL: @bloomberg.com has obtained **18K** previously unreported emails from Jeffery Epstein's personal Yahoo account. The emails are disturbing & revelatory & reveal new details about Ghilaine Maxwell's role

FREE to read

www.bloomberg.com/features/202...

Trump’s Ex-FEMA Chief Says Killing Agency Puts Public at ‘Extreme Risk’ Cameron Hamilton’s tenure was short and marked by a struggle over the agency’s future.

Trump's ex-FEMA chief Cameron Hamilton speaks out against push to abolish the agency.

“I cannot get behind this position that abolishing FEMA is the answer,” Hamilton said on Disaster Tough podcast, calling such a move "an extreme risk" to the American people.

www.bloomberg.com/news/article...

Small New Jersey Earthquake Rattles New York City Buildings A small earthquake shook the dust off the walls and rattled windows across northern New Jersey and the greater New York City area Tuesday.

NJ micro-shake rattles windows in NYC. This is the second since Saturday, but the USGS says they are unrelated:
www.bloomberg.com/news/article...