Climate
Tesla grows revenue 42%, but automotive margins decline
Tesla reported earnings after the bell, and the results sent the stock up slightly after hours. Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv Automotive gross margin came in at 27.9%, down from 32.9% last quarter and 28.4% a year ago, […]
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Biden announces new climate change programs, but no emergency declaration
U.S. President Joe Biden delivers remarks on climate change and renewable energy at the site of the former Brayton Point Power Station in Somerset, Massachusetts, U.S. July 20, 2022. Jonathan Ernst | Reuters President Joe Biden announced new executive steps to combat climate change on Wednesday, but fell short of issuing a climate-emergency declaration as […]
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Latest photos of European heat wave show future ‘normal’ as London fire department has busiest day since WWII
An aerial view shows the rubble and destruction in a residential area following a large blaze the previous day, on July 20, 2022 in Wennington, Greater London. Leon Neal | Getty Images Europe is suffering under an unprecedented heat wave, leaving firefighters in London dealing with a huge surge in emergency calls. “Yesterday was the […]
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Google and Chevron invest in nuclear fusion startup that’s raised $1.2 billion
Michl Binderbauer, CEO of TAE Technologies Photo courtesy TAE Technologies Google and Chevron are part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion. Nuclear fusion is often referred to as the holy grail of clean […]
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‘Heat apocalypse’: Photos show Europe’s devastating fires as temperatures surge
Dubbed a “heat apocalypse” by one French meteorologist, many nations in Europe are sweltering under record temperatures, causing devastating fires in some parts of the continent. Spain and Portugal have seen over 1,000 deaths in the last week attributed to the weather, according to Reuters. Firefighters in France and Greece have also been out in […]
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UK outlines net-zero aviation plan on hottest-ever day, says travelers can keep flying ‘guilt-free’
U.K. Transport Minister Grant Shapps laid out the government’s approach to reaching net-zero aviation emissions by the middle of the century. Justin Tallis | Afp | Getty Images FARNBOROUGH — The U.K. government on Tuesday published its so-called “Jet Zero” strategy, outlining how the country plans to decarbonize what is seen as one of the fastest-growing […]
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Rolls-Royce and easyJet to test hydrogen combustion engine tech for airplanes
easyJet aircraft photographed at Southend Airport in July 2020. There is excitement in some quarters about hydrogen planes and their potential. John Keeble | Getty Images News | Getty Images Aerospace giant Rolls-Royce said Tuesday it was pairing up with airline easyJet to develop and test hydrogen combustion engine technology for aircraft. In a statement, […]
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UK shatters record for its hottest day ever with temperatures hitting 104.4 Fahrenheit
U.K. rail services were heavily impacted Monday, with buckled rails reported and overhead wire systems failing in some places. Picture Alliance | Picture Alliance | Getty Images LONDON — Britain recorded its hottest-ever day Tuesday, with temperatures hitting a high of 40.2 degrees Celsius (104.4 degrees Fahrenheit) in south England, according to provisional data from […]
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Nuclear power plant lowers output to protect fish as Europe grapples with heatwave
Switzerland’s Beznau nuclear power plant photographed in July 2019. The facility uses the river Aare for cooling. Fabrice Coffrini | AFP | Getty Images A nuclear power plant in Switzerland is lowering its output in order to prevent the river that cools it from hitting temperature levels dangerous to marine life, in the latest example […]
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UK plans $95 million hydrogen gigafactory to produce components for vehicles
A sign for a hydrogen fuel pump at a train refueling station in Germany. Hydrogen has a diverse range of applications and can be used in a number of industries. Krisztian Bocsi | Bloomberg | Getty Images A U.K.-headquartered firm said Monday it was building an £80 million ($95.9 million) “gigafactory” specializing in the manufacture […]
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