DAVOS, Switzerland — Australian mining executive Andrew Forrest is emerging as one of the world's few top business leaders willing to publicly and loudly buck President Trump on climate change.
Why it matters: The broader business community is largely staying quiet in the face of Trump's aggressive moves in a number of areas, including on clean energy.
The Trump administration plans to provide USA Rare Earth with $1.6 billion in mostly loan financing to extract and process the materials and manufacture rare earth magnets.
The agreement will provide the U.S. government a stake somewhere between 8% and 16%, depending on how the agreement is executed, a filing states. The company announced a separate $1.5 billion in private finance.
This weekend's winter storm has caused widespread power outages in Nashville and other areas of the South — but as of Monday morning it hasn't severely strained the electricity grid.
Why it matters: Electric utilities across the country have seen heavy demand during the storm, with the possibility of power outages lasting multiple days.
