Climate
‘It’s a 50-50 call’: The Earth is close to crossing a key temperature threshold within 5 years
Vehicles move amid yellow dust in the Iraqi capital of Baghdad during a severe sandstorm on May 1, 2022. Sandstorms in the country have been part of a series of mind-bending extreme weather events around the world. Anadolu Agency | Anadolu Agency | Getty Images There’s a 50-50 chance of surpassing the critical global heating […]
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Rivian reports earnings Wednesday. Here’s what we learned after 3 rivals reported last week
Rivian CEO RJ Scaringe inside the company’s customer experience center outside of its plant on Aptil 11, 2022 in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive will report its first-quarter earnings after market close on Wednesday. Wall Street analysts polled by Refinitiv expect a loss of $1.44 per share on revenue […]
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Lordstown’s future is at stake as it burns through cash and faces a crucial deal deadline next week
The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric vehicle start-up Lordstown Motors said that it’s on track to begin production of its Endurance pickup in the third quarter, about a […]
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Rivian stock plummets as Ford unloads 8 million shares of EV start-up
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive plummeted in premarket trading Monday following a CNBC report that Ford Motor is selling 8 million shares of the electric vehicle start-up. Rivian’s stock was down 19% in extended […]
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Carbon capture challenges are not deterring investor at Bill Gates’ firm
06 January 2022, Mecklenburg-Western Pomerania, Wismar: Smoke rises from chimneys of wood-processing industrial plants at the seaport of Wismar. Photo: Jens Büttner/dpa-Zentralbild/ZB (Photo by Jens Büttner/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Eric Toone is a technical lead investor for Bill Gates’ climate tech investment firm, Breakthrough Energy Ventures. […]
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Ice cream freezers to get ‘warmed up’ in trial by Ben & Jerry’s owner
According to Unilever, the industry standard for freezer temperatures in many markets stands at minus 18 degrees Celsius (around 0 degrees Fahrenheit). The temperature of freezers in the trials will be minus 12 degrees Celsius. Chris Ratcliffe | Bloomberg | Getty Images Unilever — which owns brands including Ben & Jerry’s, Magnum and Wall’s — […]
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How a trip to rural Zambia, backed by U2 singer Bono, led Matt Damon to campaign for clean water
Hollywood superstar Matt Damon told CNBC that a visit to rural Zambia in 2006 first opened his eyes to the impact of a global water crisis that nobody was talking about. The Oscar-winning actor, producer and screenwriter co-founded nonprofit Water.org in 2009 with former civil and environmental engineer-turned-global water and sanitation expert, Gary White. Together […]
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Scientists are hoping to grow coral reefs at the base of wind turbines in Taiwan
Alongside their natural beauty, coral reefs have an important role to play in the natural world. According to the National Oceanic and Atmospheric Administration, around one quarter of the ocean’s fish rely on healthy coral reefs. Reinhard Dirscherl | Ullstein Bild | Getty Images Danish energy firm Orsted is to trial growing corals on the […]
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Lucid reports 30,000 EV reservations and raises prices on its Air sedans
CEO Peter Rawlinson poses at the Lucid Motors plant in Casa Grande, Arizona, U.S. September 28, 2021. Caitlin O’Hara | Reuters Electric luxury vehicle maker Lucid Group said Thursday it now has more than 30,000 reservations for its Air sedan — but any customers making reservations after June 1 will have to pay higher prices. […]
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New York is close to a bitcoin mining crackdown — here’s what that means for the industry
The state of New York wants to ban new bitcoin mining operations, a move that some industry insiders fear could have a domino effect across the U.S. The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on certain cryptocurrency mining operations that use proof-of-work authentication […]
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