Climate
GM, Ford rising, Tesla falling in EV ‘car wars’ in U.S., Bank of America analyst says
DETROIT – It’s the beginning of the end for Tesla’s dominance of the U.S. electric vehicle industry, according to Bank of America Securities. As startups and legacy automakers introduce a significant number of new electric vehicles, Tesla’s domestic share of the EV market is expected to decrease from 70% or more in recent years to […]
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Nikola still short of shareholder support to issue new stock – hampered by founder Trevor Milton
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Electric truck startup Nikola is still short of clearing a shareholder hurdle to raise new funds, the […]
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Supreme Court says EPA does not have authority to set climate standards for power plants
A view of the backside of the U.S. Supreme Court on June 6, 2022 in Washington, DC. According to media reports, Drew Angerer | Getty Images The Supreme Court on Thursday ruled the EPA does not have authority to set standards on climate-changing greenhouse gas emissions for existing power plants. The 6-3 ruling said that […]
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Palantir CEO Alex Karp on the difference between fighting with Peter Thiel and progressives
As U.S. companies and executives balance publicly addressing hot-button political topics, Palantir CEO Alex Karp said many still struggle with figuring out when they must speak out and when they shouldn’t. “Companies have a problem that it’s very hard for them to tether what they’re producing to a higher mission, and therefore they cannot exactly […]
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Crypto is not replacing the U.S. dollar, Bitfury CEO Brian Brooks says
Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former U.S. Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstanding around cryptocurrencies is that if they’re “not doing a great job of replacing the U.S. dollar, then crypto is failing in its mission,” Brooks, now the […]
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DroneSeed uses swarms of drones to reseed forests after devastating wildfires
Fire seasons are now longer and the destruction more intense, as fires burn hotter and spread to more drought-stricken ground. Since the start of this year, 32,247 wildfires have burned over 3.3 million acres in the United States, according to the National Interagency Fire Center. An early start to the season, and an especially […]
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From milligrams to gigatons: Start-up that sucks carbon dioxide from the atmosphere is building a big new plant in Iceland
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal start-up Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a […]
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Chinese electric vehicle maker Li Auto to raise $2B from U.S. investors in a new stock offering
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images Chinese electric vehicle maker Li Auto said Tuesday that it plans to raise $2 billion from U.S. investors through an “at-the-market” stock offering, in which […]
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Can war be net-zero? NATO pledges massive revamp of energy-guzzling equipment
A naval exercise led by U.S. Naval Forces Europe-Africa, and executed by the NATO Naval Striking and Support Forces, in the Baltic Sea on June 6, 2022. Russia’s onslaught in Ukraine is almost certain to eclipse other security concerns at NATO’s Madrid summit this week. Jonathan Nackstrand | Afp | Getty Images The super-polluting military […]
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Electrode maker De Nora ‘not scared’ about volatility as it braves IPO
De Nora was founded in 1923 and specializes in electrode and water treatment technologies. Pavlo Gonchar | Lightrocket | Getty Images The CEO of electrode maker Industrie De Nora says it is “not scared” about the current market turbulence as it braves an IPO this week. The initial public offering was priced at 13.50 euros […]
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