Commercial vans are emerging as a key growth area for electrification — and General Motors is developing a vehicle for the sector, according to a Reuters report.
Why it matters: GM's interest shows how a powerful legacy automaker wants in on what Morgan Stanley analysts called "America's hottest new vehicle" in a research note this week.
Last month brought the highest level of atmospheric CO2 concentrations ever recorded at 417 parts per million, per new data from the National Oceanic and Atmospheric Administration.
Why it matters: Measurements at the Mauna Loa Observatory in Hawaii show that while emissions have recently fallen due to the pandemic, it's not something that really changes the overall picture of ongoing buildup.
Welcome to the crisis era of energy and environmental policymaking.
Driving the news: A new White House executive order, citing COVID-19, invokes emergency powers to accelerate and even waive some environmental reviews of infrastructure and energy projects.
European oil companies, led by Equinor and Royal Dutch Shell, are investing the most in solar and wind projects, according to new data from consultancy Rystad Energy.
Why it matters: Scrutinizing the actual size of renewable investments by big oil companies reveals the degree to which they’re serious about evolving into broader energy players as the world seeks to tackle climate change and shift to cleaner energy types.
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