Clean energy investment is a top priority for the Biden administration. With concerns surrounding the United Auto Workers’ (UAW) strike and oil prices reaching as high as $100 per barrel, discussions surrounding clean energy and vehicle electrification are becoming more prevalent. White House National Climate Advisor Ali Zaidi sits down with Yahoo Finance’s Akiko Fujita to explain the current progress the Biden administration is making in clean energy investments “We’ve got to invest in those workers and we’ve got to bring them into this broad supply chain,” Zaidi says, addressing auto workers’ concerns over being replaced by automation. “We have an opportunity to not just deliver the product but have this be a moment of uplift for workers in the American middle-class.” When asked about a shift in public declarations from businesses’ commitment to clean energy investment, Zaidi said “smart money is still chasing climate change solutions”. Zaidi confirms the Biden Administration’s devotion to energy transitions by stating “$240 billion of capital has been committed to expanding clean energy deployment and manufacturing here in the United States, 100 new factories and counting…” since the Inflation Reduction Act’s signing. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Autoworkers on currently carrying out a targeted strike against the Big Three automakers, Ford (F) , General Motors (GM), and Stellantis (STLA), while both Hollywood writers and actors are striking against the big movie and streaming studios. It may seem that there may be a new rise labor activity, but Yahoo Finance's Rick Newman is "not too sure about that." He explains why in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A few prominent strikes are getting attention this year, but major work stoppages hardly ever happen anymore.