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Thanks To Climate Change & COVID, Disaster Capitalism Is Thriving

Posted on AllSides April 23rd, 2021
From The Left

In February, a historic winter storm and ensuing mass blackouts killed 111 people in Texas. Extreme weather events are becoming more frequent due to the climate crisis, but the tragedy was worsened by a system set up to profit when disaster strikes.
For days, the price of electricity in many parts of the state remained around $9,000 per megawatt-hour, because the rate changes based on demand. Texans were faced with electric bills in the thousands of dollars, with one man reporting a bill of over $16,000. Natural gas prices...

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