The climate bill could short-circuit EV tax credits, making qualifying for them nearly impossible

The U.S. Senate passed a far-reaching climate, energy and health care bill on Aug. 7, 2022, that invests an unprecedented US$370 billion in energy and climate programs over the next 10 years – including incentives to expand renewable energy and electric vehicles.

The climate bill could short-circuitEV tax credits, making qualifying for them nearly impossible

On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatization and job losses.

Jianlong Steel Holding Company official Chen Guojun, who earned over 3 million yuan the previous year, planned to take over the majority state-owned Tonghua Iron and Steel Group. He announced plans to cut the number of workers from 30,000 down to around 5,000, with those made redundant receiving around 200 yuan in compensation. The firm was still profitable, but the planned restructuring was aimed at increasing profits further amidst a global economic downturn.

Outraged, the workers shut down production and rioted, beating Chen, blocking roads and smashing police cars to prevent police and ambulances from reaching him.

The sale was subsequently scrapped.

On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatisation and job losses.

More:

China, rising wages and worker militancy

Why G7’s Program for Developing Countries is Still No Match for China’s Belt & Road

Samizdat – 28.06.2022

The G7 on 26 June re-launched its previous Build Back Better World program to provide infrastructure funds to poor and developing nations under a new name, the Global Investment and Infrastructure Partnership. The project aims to compete with China’s Belt and Road Initiative kicked off by Beijing in 2013.

Why G7’s Program for Developing Countries is Still No Match for China’s Belt & Road

Russia’s energy revenue higher now than just before Ukraine war, U.S. official says

Russia may be getting more revenue from its fossil fuels now than shortly before its invasion of Ukraine, as global price increases offset the impact of Western efforts to restrict its sales, U.S. energy security envoy Amos Hochstein told lawmakers during a hearing on Thursday.

Russia’s energy revenue higher now than just before Ukraine war, U.S. official says
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Poland: Civil Unrest As Fuel Prices Soar High After Russia Bans Key Polish Pipelines

Poland: Civil Unrest As Fuel Prices Soar High After Russia Bans Key Polish Pipelines

Poland urged EU to impose ‘punitive sanctions’ on Russian oil

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Polish motorists block petrol station in protest of high fuel prices

These [fuel] prices have already caused some unrest. In the town of Bielsko-Biała on Sunday, several drivers who pretended their cars had broken down blocked a petrol station of the partially state-owned PKN Orlen fuel company, local media reported.

Massive “failure” in Orlen. The cars blocked the entrance to the petrol station

The price of the euro is falling. The dollar is falling. The zloty is getting stronger and the fuel is going up. I don’t think it is sticky. Economically, no one can explain why – says Szymon Twardak , one of the participants of the action at the Orlen station.

The drivers have blocked the petrol station again. This time, not one

Poland Suggests Expanding EU’s Seventh Tranche Of Sanctions Against Russia

‘Nuclear Winter’ Discussed in Newly Released Reagan-Era Documents

Newly released government documents from the 1980s outline the devastation that would be wrought on the planet if nuclear superpowers go to war—which should serve as a reminder for policymakers to prioritize peace negotiations as the war in Ukraine rages on, according to Scott Horton, editorial director of Antiwar.com.

‘Nuclear Winter’ Discussed in Newly Released Reagan-Era Documents

Related:

Nuclear Winter: U.S. Government Thinking During the 1980s