Consumer

"Liz Truss, New UK Leader, Lays Out Sweeping Plan to Cap Energy Prices"

"Scrambling to spare millions of households the pain of skyrocketing energy bills this winter, Britain’s new prime minister, Liz Truss, announced a sweeping plan on Thursday to freeze gas and electricity rates for two years, at a cost of tens of billions of pounds to the British Treasury."

Source: NYTimes, 09/08/2022

"Hundreds Of Thousands Drop Flood Insurance As Rates Rise"

"When the Federal Emergency Management Agency overhauled its flood insurance program last year, it wanted to encourage homeowners to buy coverage by showing them more precisely the risk that each property faces of being flooded. But instead, hundreds of thousands of people have dropped the flood policies they were buying through FEMA, raising concerns that an unprecedented number of households are financially exposed to flood damage."

Source: E&E News, 08/17/2022

"Shadowy Oil and Gas Interests Are Deciding Texas' Energy Fate"

"The future of Texas’ troubled electric grid is being decided in the dark, with zero public input, by a group of people with deep connections to the fossil fuel industry."

Source: Earther, 08/17/2022

"Billions in Feds’ Spending on Megafire Risks Seen as Misdirected"

"Congress is spending billions to save communities from Western megafires by thinning large swaths of forests even as scientists say climate change-driven drought and heat are too extreme for it to work. The money would be better spent thinning woods closest to homes and shoring up houses against embers raining down from firestorms, according to academics, former agency officials, and others who study wildfires."

Source: Bloomberg Environment, 08/09/2022

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