A group of energy industry veterans announced Tuesday that they are launching a special purpose acquisition company (SPAC) aimed specifically at taking climate tech startups public.
Why it matters: They're self-branding as "the world’s first climate-focused" SPAC to launch.
The debate was a mess as moderator Chris Wallace struggled with President Trump's interruptions. But let's analyze the climate parts anyway without normalizing the whole thing.
Why it matters: The contest provided a collision over the topic between Trump and Joe Biden, and underscored the two candidates' immense differences.
Royal Dutch Shell will shed up to 9,000 jobs as it undergoes a long-term restructuring around climate-friendly energy sources and continues to grapple with the coronavirus pandemic that has battered the oil industry.
Why it matters: The cuts could amount to over 10% of the company's global workforce, which was 83,000 at the end of 2019.
The AFL-CIO, a key part of the Democratic coalition, says it wants to go big on climate change. But its policy goals don't always line up with other parts of the left.
Driving the news: The labor federation and the nonprofit Energy Futures Initiative yesterday unveiled a "framework for good jobs in a low-carbon future."
EPA is making its opening moves against California's plan to phase out sales of new gasoline-powered cars by 2035 — the latest front in the battle between the White House and the state over climate policy.
Driving the news:Via The Wall Street Journal, EPA boss Andrew Wheeler sent California Gov. Gavin Newsom a letter attacking the plan and arguing it would require EPA approval.
Electric vehicle sales have taken off over the last decade, and full electrics have overtaken plug-in hybrids over the last five years, according to the Energy Department's handy transportation "fact of the week" series.
Why it matters: Electric vehicles are growing, but still represent a tiny share of the roughly 17 million-plus passenger vehicles sold annually in the U.S. (a number dropping this year because of the pandemic).
Polaris plans to electrify its popular lineup of off-road vehicles and snowmobiles through a new 10-year technology partnership with Zero Motorcycles.
Why it matters: People who want to enjoy the Great Outdoors don't have to worry about polluting the environment or disturbing the wilderness when they're riding on a nearly-silent, zero-emission machine.
Three people have died in a wildfire in Northern California and tens of thousands were evacuated across the state, as firefighters contended with strong winds and dry conditions that saw blazes explode across the state on Monday.
Driving the news: Shasta County Sheriff Eric Magrini confirmed the deaths occurred as the Zogg Fire spread across 15,000 acres, forcing the evacuation of 1,200 people. More than 5o,000 people were under evacuation orderds, per AP.
