General Motors is overhauling its electric vehicle management with several internal moves as the automaker works to have 20 EV models launched worldwide by 2023.
Why it matters: The moves signal increased focus on EVs by major automakers — even though they hold only a tiny share of the market today.
OPEC's latest long-term forecast sees global oil demand rising through at least 2040, effectively rebuffing analyses released since last year's edition that project an earlier peak in the world's crude thirst.
Why it matters: The timing of the eventual peak in crude oil demand is relevant to the long-term planning of oil producers and companies — not to mention the trajectory of worldwide greenhouse gas emissions.
The flooding from Hurricane Florence continues in the Carolinas, after the storm dumped an epic amount of rain. Rising waters have breached dams and overtopped levees, and pollution concerns are growing as hog waste and coal ash enters swollen rivers and lakes.
The big picture: Photos taken using DigitalGlobe's satellites show a dramatic contrast between the landscape before and after this historic storm. The company, which operates a fleet of Earth imaging satellites for civilian and government use, released these images as rivers were still rising.
Porsche announced Sunday that it will no longer offer cars with diesel propulsion and instead focus more of its attention on hybrid and electric vehicles.
The big picture: Porsche stressed that it is "not demonizing diesel," and that the decision is simply a case of demand for hybrid models skyrocketing at the same time interest in diesel is falling.
