Startups like Alto, Revel and Kaptyn are positioning themselves as Rideshare 2.0. — alternatives to Uber and Lyft that use employees rather than gig workers as drivers and put fleets of company-owned cars on the road.
Why it matters: These companies' vertically integrated business models mean they can roll out electric fleets more quickly than the current market leaders, whose pledges to go electric depend on persuading gig drivers to upgrade their personal cars to EVs.
President Biden and first lady Jill Biden on Friday traveled to Boulder County, Colorado, to tour the area razed by last week's firestorm and speak with residents who lost their homes.
Why it matters: The rapidly-moving flames of the Marshall Fire destroyed nearly 1,000 homes and businesses and led to evacuation orders that impacted over 30,000 people.
A new survey of institutional investors shows they feel increasing pressure to move away from fossil fuels and a growing belief that global oil demand will peak this decade.
Driving the news: The Boston Consulting Group polled 250 investors on the future of oil and gas, and how it fits into their strategies.
Big ratings agencies such as Moody's and S&P Global, along with other financial firms, are vacuuming up companies specializing in modeling physical climate risks.
Driving the news: The latest consolidation in the "climate intelligence" space arrived this week with S&P's purchase of The Climate Service, a climate risk consulting firm. The Climate Service analyzes physical climate risks, including extreme temperatures, coastal flooding and water stress, along with so-called transition risks, including changing regulatory and market conditions.
