January 27, 2021
868
14
14
3.23%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
5:30Now PlayingPresident Joe Biden signed a series of directives to combat climate change that he presented as a boost for U.S. employment, arguing that improvements in infrastructure and technology to curb global warming will add millions of jobs.
“Today is climate day at the White House which means that today is jobs day the White House,” Biden said Wednesday, as he unveiled measures aimed at fulfilling a campaign pledge.
The announcement marked the latest in a series of executive actions intended to quickly reverse some of the more controversial policies of his predecessor, Donald Trump, who rejected calls to address global warming and pulled the U.S. from the Paris climate accord.
Even as he cited the potential long-term jobs gains, Biden also took actions regarded as adversarial by the fossil fuels industry, among them halting the issuance of new oil and natural gas drilling leases on federal lands -- prompting an early legal challenge from the energy industry. His administration seeks to leverage federal regulations and purchasing power to fight climate change.
“In my view we’ve already waited too long to deal with this climate crisis,” he said before signing directives mandating that the federal government incorporate climate change considerations in everything from federal purchases to national security.
The actions he took on Wednesday, he said, will “supercharge our administration’s ambitious plan to confront the existential threat of climate change.”
Shifting to cleaner methods of transportation and power generation while reinforcing U.S. property and infrastructure against extreme weather from the changing climate would add millions of “good paying union jobs,” he said.
The sweeping actions represent Biden’s opening foray to respond to a crisis his administration has described as on par with the coronavirus pandemic and systemic racial inequality. The president will host a global climate summit on April 22 -- which is Earth Day -- and has ordered a review of fossil-fuel subsidies and emissions targets.
“This is a case where conscience and convenience cross paths,” he said. “When I think of climate change, I think of answers to it, I think of jobs.”
The pause on new leases was a flashpoint during the presidential campaign, with former President Donald Trump attacking Biden regularly on the stump for a move that Republicans argue could kill jobs in states where fracking and oil drilling are key industries. About 22% of total U.S. crude supplies and 12% of U.S. natural gas came from federal lands and waters in 2019, according to the Energy Information Administration.
But Biden courted progressive supporters by promising to make a push to combat climate change central to his agenda. The White House has said the economic effects of acting on climate can be mitigated if tax subsidies for oil and gas companies are redirected to new, greener industries. But that effort -- like many of Biden’s climate proposals -- is likely to face opposition in Congress, where Democrats hold only narrow advantages in both chambers.
“We’re not going to ban fracking,” Biden said.
Biden’s order directs federal agencies to purchase zero-emission power and automobiles, such as electric vehicles, as a way to “leverage the federal government’s footprint and buying power to lead by example,” according to a White House fact sheet. The U.S. maintains a fleet of 645,000 vehicles and operates nearly 10,000 buildings, according to the General Services Administration.
The Biden Administration is also planning to create new government commissions focused on climate, job creation and environmental justice. Biden will establish a climate-focused civilian conservation corps along the lines of the program created by President Franklin Delano Roosevelt during the Great Depression.
Subscribe to our YouTube channel
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.