Large companies could spur a nationwide shift toward a circular economy, in which items are recycled back into supply chains for packaging and products, Bridget Croke, managing director of Closed Loop Partners, said Wednesday at an Axios virtual .
Why it matters: Several large companies committing to using recycled materials could substantial savings, as they move away from "spending billions of dollars throwing another multibillions of dollars of valuable materials in the trash," Croke said.
Projected and planned levels of global oil, natural gas and coal production are way out of step with the kind of emissions cuts needed to hold global warming significantly in check, a new analysis shows.
Why it matters: The "production gap" report from the UN's environment agency and other researchers provides another lens onto how the world is nowhere near on track to meet the Paris climate deal's goals.
Hyundai Motor Group says it's developed the in-house technology to thrive in the emerging market for electric vehicles as they prepare to unveil a suite of new models over the next several years.
Driving the news: The company yesterday took the wraps off "E-GMP," the Korean automakers' first dedicated EV platform.
Having at least 30% women on corporate boards "makes a key difference to climate governance and innovation," per new analysis of thousands of companies from the research firm BloombergNEF.
Why it matters: Companies worldwide are coming under increased pressure to curb emissions, adopt cleaner tech and disclose emissions data.
Nikola Corp.'s stock plummeted yesterday on the news that GM was no longer taking an equity stake in the electric and fuel cell truck company or planning to build its now-kaput Badger pickup.
Yes, but: Nikola will still use GM tech for their planned semitrucks under the scaled-back deal, and some analysts still see an upside.
There doesn't seem to be an oil major that's got it all figured out between the pandemic, cloudy demand and price outlooks, and the unknown path through a world getting a bit more serious about climate.
Driving the news: ExxonMobil yesterday afternoon showed the latest signs of its struggle to position itself as it announced large write-offs and a big rethink of long-term spending.
The Lion Electric, an electric truck and bus company, is going public via a merger with the special purpose acquisition company (SPAC) Northern Genesis Acquisition.
Why it matters: It's the latest in what's becoming a big collection of EV and EV-adjacent companies forgoing traditional IPOs and instead going the SPAC route.
Investors will be able to see what impact a warming world and the transition to cleaner energy sources could have on their portfolios in a tool BlackRock unveiled Tuesday.
Why it matters: The move by BlackRock, the world's biggest money manager, is one of the most concrete signs investors are getting more serious about acting on risks they’ve been saying for years they’re worried about.
