Electric scooter rental company Bird today announced $275 million in Series D funding at what we hear was a $2.5 billion pre-money valuation. CDPQ and Sequoia Capital co-led the round.
The bottom line: E-scooter companies are simultaneously working to curb losses, curry favor with city regulators, and convince investors they're the next great transportation revolution.
Tesla delivered a record 97,000 vehicles last quarter but nonetheless fell short of some analysts' expectations for the July–September stretch.
Why it matters: The electric automaker's stock tumbled roughly 6% in after-hours trading following Wednesday's announcement, and is currently down around 5%.
Led by wind and solar, renewable energy will make up nearly 50% of global electricity within the next 30 years, up from today’s 28%, according to new data from the U.S. Energy Information Administration.
Yes, but ... The data also finds that carbon dioxide emissions will keep rising over that same time period, underscoring a stubborn, inconvenient fact: To tackle climate change, you need to address the emissions from oil, natural gas and coal, not just rapidly increase renewables.
The tendency for Washington policymakers to not accept mainstream climate science is growing inside echo chambers and under President Trump, according to a new peer-reviewed study.
Why it matters: The research adds some quantitative heft to the notion that Trump, who regularly dismisses and mocks climate change, is having a tangible impact among America’s most influential policy experts working inside the beltway of Washington, D.C.
Social media posts have been popping up in recent days of Tesla owners trying out their car's new "Smart Summon" feature.
Why it matters: As The Verge and others reported, Smart Summon "is already causing chaos in parking lots across America," suggesting the technology isn't ready or people are misusing it.
A growing number of cities are eliminating natural gas hookups in new homes and buildings as they work to reduce emissions and help meet climate targets.
The big picture: Fossil fuels burned in buildings contribute a tenth of overall U.S. greenhouse gas (GHG) emissions. While coal use continues to decline, natural gas use has held steady, making it a prime target in efforts to decarbonize.
Capitol Hill Democrats want more information about Energy Secretary Rick Perry's activities in the Ukraine as they investigate President Trump.
Where it stands:The Houston Chronicle notes that the House subpoena of Trump's lawyer Rudy Giuliani seeks "documents related to Energy Secretary Rick Perry’s involvement with Ukrainian leaders last spring."
The Trump administration will likely endorse modest increases in vehicle mileage and emissions standards when it completes rules to weaken Obama-era mandates, multiple sources tell Axios.
Why it matters: The move, depending on the details, will likely force automakers into tough decisions about whether to endorse it.
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