Article snippet: EL PORTAL, Calif. (AP) — Democratic presidential candidate Beto O’Rourke has announced his first major policy initiative, a $5 trillion plan to combat climate change that he says will keep the Earth from sliding past the point of no return in less than a generation. The former Texas congressman unveiled his proposal on Monday before a tour of California’s Yosemite National Park, a dramatic backdrop for a move he hopes can jumpstart a campaign that began to much national fanfare but has seen some of that luster fade in recent weeks. The plan calls for increasing taxes on ‘‘corporations and the wealthiest among us’’ and ‘‘ending the tens of billions of dollars of tax breaks currently given to fossil fuel companies’’ while offering federal grants to encourage innovative improvements in housing and transportation. It includes $1.5 trillion in direct federal funding, while seeking to incentivize an additional $3.5 trillion from states, private capital and other sources over 10 years to improve aging infrastructure nationwide and to take ‘‘significant actions to defend communities’’ preparing for intensified floods, droughts, hurricanes, fires and other natural disasters fueled by a changing climate. Like others in the packed field of Democrats seeking the White House, O’Rourke promised to sign climate change-fighting executive orders on the first day of his presidency — including rejoining the 2016 Paris Agreement, from which President Donald Trump withdrew the U.S. A... Link to the full article to read more