Ford plans to invest $22 billion in vehicle electrification through 2025, an amount that's nearly double its prior plans, the company said.
Why it matters: The announcement is the latest sign of how the world's biggest carmakers are pouring more resources into tech that's still a tiny slice of the auto market.
The electric bike company Rad Power Bikes has landed $150 million in new funding to expand its operations, including plans to widen its retail and service network.
Driving the news: Funders include Morgan Stanley, Fidelity, the Rise Fund, existing investor Vulcan Capital and others.
A new report offers a window onto something on a lot of people's minds in the energy world: what kind of policies Democrats could try to move through the Senate with 51 votes.
Driving the news: The groups Evergreen Action and Data for Progress yesterday released a proposal for ways to move a "clean energy standard" through the Senate using the budget reconciliation process.
Updated analysisfrom the Rhodium Group finds that among the world's largest greenhouse gas emitters, "green" provisions in pandemic stimulus packages have been very limited beyond the EU.
Why it matters: The UN, the International Energy Agency and others have called for nations' COVID-19 responses to bolster low-carbon energy and infrastructure.
UN Secretary-General António Guterres on Friday named former New York City Mayor Michael Bloomberg as his "special envoy for climate ambition and solutions."
Why it matters: The appointment comes in the run-up to a pivotal UN climate summit in Scotland late this year aimed at strengthening nations' efforts under the Paris Agreement.
