A truck stop electrification company and a defunct pro basketball league have nothing in common, except that they just merged.
Driving the news: Shorepower, an Oregon-based firm founded in 2004, has gone public via a reverse merger with the United States Basketball League, which operated between 1985 and 2008.
President Biden's plan for stringent sourcing requirements in his expanded consumer EV tax credit aims to promote certainty — but it leaves room for China-linked vehicles to be left out in the future.
Why it matters: The new details released Fridaymean fewer electric vehicles will likely qualify for the credit, but they might help confused companies and consumers.
It's long been clear that uneven federal disaster recovery and relief efforts lead to exacerbated racial and social divides.
The big picture: From tracking disaster impacts, response and recovery for Black communities following a devastating tornado to providing food supplies to Latino farmers amid deadly wildfires, community-based organizations across the country are revising that narrative.
California's snowpack is at record-high levels following a relentless series of atmospheric rivers — and forecasters warn another winter storm is due to hit the Golden State this weekend.
The big picture: The latest bomb cyclone associated with an atmospheric river that dumped more heavy snow across the Sierra Nevada this week helped break the record 1982-1983 season in terms of water content on Thursday, per the California Department of Water Resources.
Residents of a Minnesota town were under an evacuation order for at least seven hours Thursday after a train hauling ethanol and corn syrup derailed and caught fire, according to local officials.
Why it matters: The derailment comes as Congress is weighing rail safety reforms stemming from a separate train derailment last month in East Palestine, Ohio, which prompted evacuations and lingering health concerns for residents.
Private equity firm Antin Infrastructure Partners and Sweden's Scandinavian Enviro Systems have formed a joint venture, backed by tire giant Michelin, to launch a large-scale European tire recycling group.
Why it matters: An estimated 1 billion tires reach the end of their lives each year, the vast majority are tossed into landfills.
Why it matters: On Wednesday, the UN General Assembly took the extraordinary step of adopting, by consensus, a resolution that would do just that. It's asking the court for an advisory opinion laying out what countries' obligations are to protect the climate in order to secure human rights.
Much of California and the midwestern United States just had some of the wettest winter weather on record, per data from the National Oceanic and Atmospheric Administration.
The opposite was true in the Pacific Northwest and in parts of Texas and Florida, which were significantly drier than average.
