New from me: Big investment banks are hesitant to offer so-called tax-equity financing to wind, solar and battery projects because of uncertainty over new restrictions on ownership ties to China. It's obstacle for the US renewable industry. Gift link: www.bloomberg.com/news/article...

By @michellema.bsky.social @laurenthal.bsky.social

By @mchediak.bsky.social

A year after the LA wildfires, the price tag for the costliest blazes in US history is still climbing. Who pays is uncertain. Our story on how risk and damage have spread beyond burned neighborhoods and the fight to limit losses and shift liability: www.bloomberg.com/features/202...

Update: As it turns out, the meeting is not currently happening bsky.app/profile/did:...

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

In a reversal from this morning, FEMA puts whistleblowers back on leave after reinstating them Gift link: www.bloomberg.com/news/article...

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...

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...

Outgoing FEMA leader David Richardson told @bloomberg.com he "agreed to be the acting administrator through hurricane season when others wouldn’t." As season ends, "I can now leave for other opportunities." From @zhirji.bsky.social, Myles Miller + me: www.bloomberg.com/news/article...

Two of the world’s biggest data center developers have projects in Nvidia's hometown that may sit empty for years because the local utility isn’t ready to supply electricity. We called the developers and utility in question to find out why: www.bloomberg.com/news/article...

After Hurricane Beryl devastated Jamaica’s grid last year, officials at the island’s sole utility vowed to fortify it. But the company’s initiatives were only in the planning + early implementation stages when Hurricane Melissa hit. Story @bloomberg.com, gift link: www.bloomberg.com/news/article...

Arbor Energy was founded as a carbon removal company that uses waste biomass to create electricity and remove CO2 from the atmosphere. Now, the company is pivoting to generating carbon-free electricity with natural gas, supported by a $55M Series A. Our story: www.bloomberg.com/news/article...

NEW: Weather models were performing worse ahead of a devastating storm in Alaska compared to a year ago. As one scientist @ecmwf.int put it, "the fact that all the models mis-captured this event tells us something." From me + @joewertz.bsky.social (gift link): www.bloomberg.com/news/article...

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...

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...

We're hiring: bloomberg.avature.net/careers/Publ...

By @michellema.bsky.social

Barely a month before COP30, the main topic remains "logistics". There's barely been any discussion about what the US, which is set to leave Paris Agreement in January, will be doing to make negotiations harder. 🎁 link www.bloomberg.com/news/article...

Utilities + traders are "craving" more detailed forecasts as power demand gets harder and harder to predict. Using AI, a tech firm is pushing to predict swings in weather - down to the hour - months in advance. Story with @naurtorious.bsky.social (gift link): www.bloomberg.com/news/article...

It's officially fall! And more than 80% of the Northeast is in drought or teetering on the edge of it. Why that's cause for concern: (gift link) www.bloomberg.com/news/article...

More than 80% of the region is now abnormally dry or in drought, compared to just 11% this time last September. Some parts of the Northeast have gone weeks without significant rains — akin to conditions less than a year ago that led to a historic outbreak of brush fires. By @laurenthal.bsky.social

🚨Hot off the press🔥 LIGHTS OUT How Trump's war on climate science is weakening the US A feature about the White House's "cluster-bomb approach" to dismantling the world's most sophisticated scientific apparatus. By @zhirji.bsky.social @blkahn.bsky.social and me 🎁🔗 www.bloomberg.com/features/202...

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...

Surging utility bills in key battleground states are threatening to become a political liability for Republicans heading into upcoming elections. 🎁 www.bloomberg.com/news/article...

Summer commutes in NYC can be miserable - 108F on the platform at City Hall w/ humidity. But New Yorkers are lucky compared to London, where subway cars lack AC + get hotter than city streets. With reporting from 3 continents: (free link) www.bloomberg.com/news/feature...

NEW: Offshore wind opponents and their lawyers are pressuring a climate lab at Brown U to retract its research, and saying they will escalate their complaint to the Trump administration. Gift link:

NEW: An anti-offshore wind group is targeting a Brown researcher who studies climate obstruction. It's not the first time they've done it, but there's a new twist: They're threatening to go to the Trump administration unless the university retracts the work

California's last nuclear power plant was supposed to be shut down. But now it's on the verge of a 20-year extension, thanks to the state's mounting power needs. Here's an inside look at Diablo Canyon amid its bid for relicensing (free gift link): www.bloomberg.com/news/feature...

Companies with a climate proposition are juggling a trade war, rolled back federal support, jittery investors, you name it. Amid all the chaos, one industry has been propping up clean tech: artificial intelligence. My latest with @mchediak.bsky.social: www.bloomberg.com/news/article...

ICYMI - Story with @jendlouhy.bsky.social & @arinatter.bsky.social on the Trump Administration’s moves to stop #solar and #wind development and support other energy sources.

Trump killed the government's billion-dollar disaster database. Now, it's coming back at @climatecentral.org and being led by the former NOAA scientists who ran it. Nice scoop from @laurenthal.bsky.social

Scoop: The U.S. billion-dollar disaster database is set to return this fall over at @climatecentral.org. They've hired the former NOAA scientist who ran the project for 10+ years www.bloomberg.com/news/article...

Neil Jacobs - the weather scientist who was in charge at NOAA during "Sharpiegate" - is poised to come back. “I’m hopeful that he’s learned how to fight within the political system," one former NOAA chief said, "because he is going to have to fight." / 1 www.bloomberg.com/news/article...

Constellation Energy is planning to pursue a nuclear project in upstate New York, responding to a push from the governor -- SCOOP with @tylerskendall $CEG www.bloomberg.com/news/article...

Trump's sweeping immigration crackdowns are causing a brain drain to the climate tech sector, hurting the economy and energy transition, tech billionaire Vinod Khosla told my colleague @akshatrathi.bsky.social today at the Bloomberg Green Festival in Seattle. www.bloomberg.com/news/article...

The Central Texas areas pummeled by recent storms have long earned the reputation as the “Flash Flood Alley.” Yet only a fraction of homeowners there have flood #insurance. Here's why. My latest for @bloomberg.com w @eroston.bsky.social and Kyle Stock #Texasflood www.bloomberg.com/news/article...

The tragedy in Texas ranks among the costliest and deadliest flash floods in US history. From 1980 through last year, flooding killed hundreds of people nationwide and inflicted at least $203.3 billion in losses, according to data from NOAA's NCEI. My story: www.bloomberg.com/news/article...

If passed, the new Senate plan would threaten billions of dollars of clean energy investments and risk causing household energy bills to spike higher. ACP: New tax would raise clean energy costs $4 bn to $7 bn Rhodium: 10% to 20% cost increase Gift link: www.bloomberg.com/news/article...

Nearly six months out from the Los Angeles area wildfires, toxic smoke damage is still making it hard for some victims to move on. Investigations and lawsuits are mounting against insurers. My latest on California's mounting insurance and climate crisis: www.bloomberg.com/news/feature...

By @cocojournalist.bsky.social and @naurtorious.bsky.social

Fluence Energy Inc. said it can work with US Senate Republicans’ latest version of President Donald Trump’s fiscal package, which would preserve tax credits for the industry while gutting incentives for wind and solar power. www.bloomberg.com/news/article...

In March, FEMA's then-leader recommended that the federal govt only offer assistance for “disasters of national significance.” “This just means you should not expect to see FEMA on the ground unless it’s 9/11, Katrina, Superstorm Sandy," says Carrie Speranza www.bloomberg.com/news/article...

Nuclear and geothermal power are unexpected winners in the Senate tax bill, while solar and wind would lose. 🎁 Link to story: www.bloomberg.com/news/article...

US & Disasters triptych, from Bloomberg Green: 1) Exclusive: The secret memo from March that details how to abolish FEMA, by @zhirji.bsky.social @jasonleopold.bsky.social and @laurenthal.bsky.social 🎁🔗 www.bloomberg.com/news/article...

These are possible names considered for a smaller organization to replace FEMA, from a March memo: - Office of Crisis Management (OCM) - Office of Crisis Response (OCR) - National Crisis Response Agency (NCRA) - National Office of Emergency Management (NOEM) 👀 www.bloomberg.com/news/article...

Can't-miss detail from Zahra's great scoop: Among the names considered for an agency to replace FEMA include "the National Office of Emergency Management (NOEM) — an acronym that dovetails with the name of the Homeland Security secretary"

SCOOP: DHS Sec. Kristi Noem directed the Federal Emergency Management Agency to prepare a memo on how to abolish itself and create a re-branded, radically smaller disaster response organization, according to a copy of the document reviewed by Bloomberg News. www.bloomberg.com/news/article...

Utilities and power developers are planning to build a lot more natural-gas power plants to meet demand from AI data centers. The Trump EPA's proposed repeal of restrictions on GHG emissions will make that a lot easier and cheaper. My latest: 🎁 www.bloomberg.com/news/article...