Volkswagen plans to buy stakes in Canadian mines and mine operators, per a company director, and has signed a related MOU with the Canadian government.
Why it matters: This would help the German automaker ensure access to raw materials for battery production, including nickel, cobalt and lithium. It also would help VW sidestep new U.S. tariffs imposed by the Inflation Reduction Act.
Restrictions on the use of private jets in France may be on the horizon after Transport Minister Clément Beaune floated the idea of further regulations on the European level.
Why it matters: Private jet use surged during the pandemic despite the copious amounts of CO2 these flights emit.
The Democrats' new climate law could cut related damages by as much as $1.9 trillion through 2050 by reducing impacts from extreme weather events, sea level rise and more, according to a new White House analysis shared first with Axios.
Why it matters: The economic ramifications of climate change are potentially staggering, eating into U.S. GDP by the end of the century, reports have warned.
In a six-month trial, New York Cityhas equipped 50 municipal vehicles with "intelligent speed assistance" — software that can make a car obey the speed limit.
Why it matters: While you probably haven't heard of intelligent speed assistance — ISA — you're about to: In July, the European Union mandated its use in new models of vehicles; in 2024, it'll be compulsory in all new cars sold there.
Heavy rains across the U.S. South and Southwest triggered flooding that killed at least one person in Texas and prompted evacuations in Arizona on Monday — as the storms caused hundreds of flight cancellations.
Threat level: The National Weather Service warns the widespread heavy rain and flooding is expected to persist throughout the week, advancing slowly into the Lower Mississippi Valley and South.
The extreme heat and drought that has been roasting a vast swath of southern China for at least 70 straight days has no parallel in modern record-keeping in China, or elsewhere around the world for that matter.
Why it matters:Based on recent studies, the question facing climate scientists is how much climate change contributed to this disaster.
