President Trump said Tuesday that he will extend a longstanding ban on offshore drilling off the coast of Florida, a critical 2020 swing state, and expand it to Georgia and South Carolina.
Why it matters: The announcement would further seal off the eastern Gulf of Mexico, a region long-coveted by oil companies.
Uber is immediately expanding its "Green" program to new cities and setting a longer-term target of having fully electric cars account for 100% of rides on its platform in the U.S., Canadian and European cities by 2030.
Why it matters: Those plans — and other new climate pledges Uber unveiled Tuesday — come as ride-hailing firms face growing scrutiny over their carbon emissions amid evidence they're cannibalizing public transit and increasing congestion.
California power giant Pacific Gas & Electric is imposing intentional outages to prevent extreme weather from igniting new wildfires in the state already facing widespread blazes.
Driving the news: The company announced shut-offs Monday night expected to affect 172,000 customers in parts of 22 counties and tribal communities.
General Motors is taking an 11% stake in the electric vehicle startup Nikola Corp. and will manufacture its planned Badger pickup truck, the companies said Tuesday.
Why it matters: It's the latest vote of confidence for Nikola, which is among a number of startups that have been attracting significant capital and investor interest before making any profits or vehicles.
The U.S. has spent the biggest share of its GDP on discretionary stimulus spending compared to other major economies, but it’s spent the smallest share on clean energy, per a new analysis from consultancy Rhodium Group.
Why it matters: To what degree the world invests in clean-energy technologies as it recovers from the pandemic-induced recession could go a long way toward reaching climate goals.
7,563wildfires in California have burned across 2,178,015 acres this year, killing eight people and destroying or damaging 3,867 structures as of Monday, as firefighters battle two dozen major blazes in the state, per Cal Fire.
Why it matters: It's the most land burned by wildfires in California on record. The size of land charred is 10 times bigger than New York City.
