Salesforce and AT&T are teaming up to cut greenhouse gas emissions from Internet of Things (IoT) connected devices, such as construction equipment and transportation infrastructure.
Driving the news: AT&T said it's joining Salesforce's Net Zero Cloud, which allows users to track their carbon emissions.
Crack spreads — a proxy for the profits oil refiners pocket — have soared this year as gasoline demand outstrips supply,
The big picture: These spreads measure the gap between the cost of crude oil and the prices of refined products like gasoline — and are a key contributor to both profits at oil refiners and to the prices we pay at the pump.
The White House is showing a renewed focus on hammering down gasoline prices — including calling oil company executives to Washington for face-to-face talks Thursday.
Why it matters: Prices at the pump have become a central focus for increasingly cranky consumers, and a ubiquitous reminder of the administration's fecklessness on inflation, their top concern.
The Biden administration needs gas prices to come down fast. But that could require supporting greater oil and gas production over the long term — the opposite of what it wants to do to fight climate change.
Why it matters: The result so far has been mixed messages and rising tensions with the energy industry, whose help the White House needs to bring gas prices down.
Tesla's new plants in Texas and Germany are "losing billions of dollars" as the electric car maker struggles with production due to supply chain disruptions and battery shortages, Elon Musk said in an interview released Wednesday.
What he's saying: "Both Berlin and Austin factories are gigantic money furnaces right now," Musk said in the interview with Tesla Owners of Silicon Valley, an official Tesla-recognized club, recorded on May 31. "It's really like a giant roaring sound, which is the sound of money on fire."
Oil companies have boosted clean energy investment, but it's unevenly spread in the industry and the sector should parlay big profits into more aggressive initiatives, the International Energy Agency said.
Why it matters: "High prices are generating an unprecedented windfall," IEA said in a new report.
