EQT Corp., the largest U.S. natural gas producer, plans to take a fourth-quarter write-down of up to $1.8 billion.
Why it matters: EQT, which has major Appalachian operations, is the latest company to write down the value of U.S. assets amid a glut of supply and very low prices.
Volkswagen won't meet its electric vehicle targets, but it'll come close enough to become the world's largest EV manufacturer by decade's end, a new analysis finds.
Why it matters: The new projections from the consultancy Wood Mackenzie offer a piece of the puzzle as to how the increasingly competitive EV market will shake out this decade.
Tesla has been among the most derided companies in the world, but CEO Elon Musk has been getting revenge against hated short sellers since the electric car company's June swoon.
Why it matters: Many probably wish Musk had taken the company private at $420 a share, as he said he would in an August 2018 tweet in which he claimed to have "funding secured" for the move.
BlackRock, the world's largest asset manager, vowed on Tuesday to make climate change a pillar of its corporate strategy and mission.
Why it matters: BlackRock has $7 trillion in assets under management, and faces growing activist pressure to use its leverage to hasten the global transition to low-carbon energy.
The Department of Energy has agreed to comply with a request from watchdog American Oversight to begin producing records related to former Secretary Rick Perry’s communications with key figures in the Trump-Ukraine investigation, according to a joint status update filed Monday.
Why it matters: The agency will release its first batch of records on Jan. 28, which could coincide with the Senate impeachment trial.
China announced it will "not make significant cuts" this year to subsidies on new energy vehicles including electric vehicles, via Reuters, "signaling that its policy will remain relatively stable, state media quoted the country’s industry ministry as saying on Saturday."
Why it matters: EV sales in China, which has the world's largest auto market, dropped sharply after the Chinese government significantly cut industry subsidies in July.
We’ve had enough news in recent daysto suggest we’re 13 months, not days, into this decade.
Driving the news: President Trump pushes the biggest changes to environmental law in 50 years, the world’s biggest investor is going big on global warming and House Democrats are going it alone on climate policy. And this all just happened last week!
Australia's wildfires have devastated the koala population and could cause the unique marsupial listed as endangered, Environment Minister Sussan Ley warned Monday, per the Sydney Morning Herald.
The big picture: Over 1 billion animals are believed to have died in fires across the country since September. Ley announced a A$50 million funding plan to help protect and support affected wildlife. In New South Wales, wildlife workers dropped thousands of pounds of food for the endangered brush-tailed rock wallaby, state Environment Minister Matt Kean said.
