October 19, 2021
Markets

Dillard’s, Inc. Announces New $500 Million Share Repurchase Program and Declares $0.15 Cash Dividend

Bloomberg

The Pipeline Crisis Is Over. Cue the Lobbyists and Their Agendas

(Bloomberg) — The cyber-attack that crippled the nation’s biggest fuel pipeline this week triggered spot shortages of gasoline and a gusher of political rhetoric, with groups from across the political spectrum offering myriad, and contradictory, solutions.The oil industry says the answer is to invest in more fossil-fuel infrastructure, including refineries. Environmental groups think the key is more electric vehicles on the road and solar panels on the grid. A conservative think tank called the outage a “wake-up call” for pipeline protesters to stop. Even a coal group got involved, noting that its product doesn’t need to be piped anywhere.“Wind and solar power networks are by their very nature more distributed, more sensibly scaled, and more resilient than fossil fuel systems,” Wenonah Hauter,…

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