Current Climate: DOGE Cuts Are Undermining Wildfire Readiness
Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox.
Aggressive federal budget cuts by Elon Musk’s DOGE team, empowered by President
The confusion spurred by Musk’s chainsaw approach to budgets and staffing, including a freeze on money already appropriated by
“Uncertainty is at an all-time high. Morale is at an all-time low,” said one federal wildland firefighter who, in addition to numerous federal employees, asked not to be named because of fear of retribution by the
In response, a bipartisan
“We can all agree that the federal government must do a better job protecting our people, property, public lands, and communities from wildfires, and this bill will go a long way in streamlining our wildland firefighting efforts and best leveraging all available resources,” said Sheehy, who ran the country’s largest operator of Super Scooper aircraft before becoming a Senator.
The Big Read
Tesla Faces Protests, Vandalism And Boycott Threats Over Musk’s MAGA-DOGE Rampage
Trump voters loved the idea of
The company’s
In
Investors are spooked too. Since
Hot Topic
Chuck Templeton, managing partner at S2G Investments, on climate-conscious investment opportunities
Given that the environment for cleantech investing has changed under the new administration what areas look like promising bets?
What we may see is that there's interest in better-for-you food brands, given some of the perspectives from the current administration. How do we get toxins, harmful chemicals and microplastics out of our food? That's a big discussion that's happening and we're very excited about that. And then from the ag standpoint, can we figure out how to make either conventional products much more efficient and effective or help biologics be successful? Maybe using AI to solve some of these problems that Mother Nature has taken tens of thousands, if not millions, of years to figure out - while also acknowledging we need to address the associated energy requirements there.
The application of technology into ag, I think is, only accelerating. We're going to need to find more efficient ways than what we've been doing for the last 150 years. With new tools and technologies now at our disposal, we have the potential to unlock solutions that were previously beyond our reach in taste, nutrition, and affordability. At the same time, farmers can be more profitable.
Do investments related to electric vehicles and clean energy remain compelling right now?
With EVs, we think that most people believe, on average, they are a better driving experience. So we do think that EVs will continue to grow and find new niches in lots of applications like trucking, logistics, and robotics.
Same with wind and solar, particularly with storage. We've done all the 1.0 stuff in this respect. Now as we take it to the next level, the focus shifts to optimizing storage, peak shaving, efficient transmission, and refining how the energy grid functions. How do we make sure that we don't have these peak periods that we can't handle? Now we're getting to the scale where we see those problems acutely and there are opportunities for entrepreneurs to go to solve.
Additionally, we think there's a huge opportunity in decarbonizing shipping. Shipping is international and the world wants more energy-efficient and cleaner options. Ocean intelligence is another area that we’re excited about. There's tremendous potential in accurately capturing and understanding what’s happening in the ocean and knowing how to use that data to turn the ocean from a victim of climate change to a mitigator and solution. The ocean is an under-explored and untapped opportunity.
And then there’s adaptation. We are going to need to think about the solutions we have for a warming planet. So while mitigation continues to be a priority, we see opportunity in shifting investment resources toward adaptation. We've spent a lot of time thinking about that over the last year and how we can identify and pursue more opportunities in that space. Right now about 5% to 7% of investment in this space is around adaptation. We think that there are opportunities to do more of that.
What Else We’re Reading
Scientists harness AI to protect whales. Researchers at Rutgers University-New Brunswick have developed an artificial intelligence tool that will help predict endangered North Atlantic right whale habitats, guiding ships along the
Ford’s CEO says Trump policies may lead to layoffs. The automaker has invested heavily in factories to produce batteries and electric vehicles in
Indian Prime Minister
The
The
Opinion: Jonathan Levin: Trump fanned inflation fears. Now they haunt his presidency.
Republicans skeptical of major gains on Trump orders in shutdown fight
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News