Global leaders want Elon Musk to build Tesla factories in their home countries even as upstarts and legacy carmakers chip away at the company's EV dominance.
Why it matters: The company has a goal to sell 20 million cars a year by 2030, up from about 1.3 million as of last year. In order to hit that goal, Musk has said that Tesla will need about a dozen factories.
Lowercarbon Capital has raised over $550 million for a pair of new venture funds focused on climate tech startups, per a letter to limited partners that appeared this morning on the firm's website.
Why it matters: In that letter, firm founder Chris Sacca, called out fellow climate tech investors for accepting capital from unsavory sources.
Catch up fast: The Golden State's Democratic governor and attorney general on Saturday unveiled litigation against Exxon, Chevron and other oil giants.
It alleges decades of deception about the effects of their products, and seeks damages for ways global warming is hurting California.
World leaders, business titans, scientists, activists and others are meeting in New York City this week to discuss turning the tide against climate change.
Why it matters: The conclave is taking place against a backdrop that's raising the global warming stakes. Climate change-linked extreme weather continues to make headlines worldwide, raising alarms across the scientific and policymaking communities.
The big picture: Climate Week NYC coincides with the United Nations General Assembly, and is supersized this year into a blitz of hundreds of events, ranging from panels to a full-day U.N. summit called by the secretary general.
Tens of thousands of people marched in New York City and across the U.S. Sunday to demand President Biden and other world leaders to end fossil fuels ahead of this week's UN Climate Ambition Summit.
The big picture: Several of the speakers at the New York event that kicked off Climate Week NYC took aim at the Biden administration for approving new oil and gas drilling permits.
This year is on track to be the hottest year on record, marred by climate-related disasters all over the globe — and El Niño is a big part of the reason.
Why it matters: El Niño and climate change both contribute to extreme weather events like flooding, heat waves and intense tropical cyclones. When their powers combine, as they have this year, the effects can be catastrophic.
