General Motors plans to reintroduce the Hummer to consumers as an electric pickup truck under the GMC brand, unnamed sources familiar with the matter tell the Wall Street Journal.
Thousands of protesters took to the streets across Australia on Friday, calling on Prime Minister Scott Morrison to resign for what they call inaction on climate change and an inadequate response to the bush fire crisis that has scorched the continent, the Washington Post reports.
Why it matters: Morrison's stance onclimate-related issues has come under scrutiny throughout the deadly wildfire season. In particular, his "reputation as a coal advocate has not helped as he has struggled to project empathy for victims of the fires," the Post writes.
If elected, Pete Buttigieg — the 37-year-old South Bend, Indiana mayor — would be the youngest U.S. president ever. He also would be the first openly gay president in the nation's history.
Investment giants are becoming increasingly prominent actors — and targets — in battles over corporate climate policy.
What's happening: The behemoth fund manager BlackRock has joined Climate Action 100+, an investor network that pushes fossil fuel companies to make new disclosures and carbon emissions commitments, adding heft to the 3-year-old group, which has already won concessions from companies including Shell, BP and Norwegian oil major Equinor.
Russia would emerge as a winner if the U.S.-Iran conflict — which has cooled off — greatly escalates, argues Anna Mikulska, a senior fellow with UPenn's Kleinman Center for Energy Policy.
The big picture: That could result via the unlikely — but not impossible — event that Iran shut down oil tanker traffic through the Strait of Hormuz, a critical shipping lane for Middle East oil and nearly 20 million barrels per day pass through the narrow channel.
Utility companies are helping cash-strapped school districts replace diesel buses with electric ones that have a secondary purpose: helping to manage electricity demand.
Why it matters: Electric buses are cleaner, but cost about three times more. Using them for energy storage can help close that cost gap and smooth out energy demand on the electric grid.
Former Nissan chairman Carlos Ghosn was in pugnacious form on Wednesday during a 145-minute press conference in Beirut, at which he proclaimed his innocence while simultaneously bemoaning the underperformance of the Nissan share price.
By the numbers: Since Ghosn was arrested in November, Nissan's enterprise value has declined to $85 billion from $96 billion, a rate of roughly $36 million per trading day.
The Australian wildfires have elicited massive charitable donations: $33 million crowdsourced from Celeste Barber via Facebook; $1 million from actor Chris Hemsworth; $700,000 from a bikini model sending nudes on Twitter.
But, but, but: Most of the money is ending up in the coffers of the New South Wales Rural Fire Service (RFS) — part of the state government — and which last year saw donations of less than $1 million.
President Trump on Thursday announced that his administration is vastly narrowing the scope of a 50-year-old law governing environmental reviews of large infrastructure and energy projects.
Why it matters: The proposed changes to the National Environmental Policy Act (NEPA) will make the process to review big-ticket fossil-fuel projects like the Keystone XL Pipeline easier and faster, while also excluding consideration of climate change.
Scooter company Lime is laying off about 14% of its workforce (roughly 100 employees) and shuttering operations in 12 markets as it seeks to become profitable this year, the company tells Axios.
Why it matters: After two years of explosive growth, scooter companies have entered a new phase—survival of the fittest in a capital-intensive, money-losing industry.
We can already draw some conclusions from yesterday's rollout of the "framework" for big climate legislation House Democrats are crafting through the powerful Energy and Commerce Committee.
Driving the news: The planned bill aims to achieve net-zero U.S. greenhouse gas emissions by 2050.
The Sunrise Movement, a collective of young people advocating for action on climate change, announced Thursday that it is endorsing Bernie Sanders in the 2020 presidential election.
Why it matters: Young people are the demographic leading the charge against climate change, which has been at the forefront of Democratic policy proposals this cycle. The group said it endorsed Sanders for his decision to spearhead the Green New Deal — along with his top surrogate, Rep. Alexandria Ocasio-Cortez (D-N.Y.).
Tom Donohue, the longtime CEO of the U.S. Chamber of Commerce, will deliver a speech Thursday urging bipartisan support for issues that Democrats hold dear — like climate change and infrastructure investment, Axios has learned.
Why it matters: The Chamber is the largest business organization in the U.S., and some of Donohue's remarks will be a departure for a group that has, under his leadership, "battled environmental regulations, restrictions on cigarette packaging, workplace antidiscrimination rules and minimum-wage requirements," as WSJ put it.
