The BMW Group said Monday that it will make sustainability "central to the company’s strategic direction" as it rolled out new climate goals and revealed fresh details about its electric lineup.
Driving the news: The German automaker said it's setting emissions targets for 2030 that apply to vehicles' "entire lifecycle," including supply chains, production and use.
This week brings the heart of Big Oil's earnings season and it's not going to be a pretty picture for the industry.
Why it matters: The second-quarter results will bear the heavy imprint of the collapse in demand and prices in recent months — and could reveal more about steps that companies are taking in response.
As the world seeks to rebuild from the coronavirus pandemic, support is pouring in for hydrogen energy to cut carbon emissions and create jobs.
Why it matters: The obscure energy source could help tackle climate change in the thorniest parts of the global energy system, like shipping and power storage. But it’s prohibitively expensive and would need lots of government support to get off the ground.
As South Texas continued to feel the effects of one hurricane, another one was threatening parts of Hawaii, according to forecasters.
Driving the news: Former Hurricane Hanna triggered flooding after dumping over 15 inches of rain over Texas — and the downpour's continuing overnight, the Washington Post notes. Meanwhile, a "dangerous Hurricane Douglas" was approaching the Hawaiian island of Kauai Monday morning, the National Hurricane Center (NHC) said.
Tesla's decision to build a $1 billion factory in Texas is a good bit of economic news for a state that's suffering in the throes of the pandemic.
Why it matters: The creation of 5,000 new manufacturing jobs near Austin comes as the state's ongoing coronavirus outbreak threatens to overwhelm hospital systems and tears at the economy.
