Why it matters: Ominous forecasts about the impact of climate change serve as the backdrop for the world — led by U.S. lawmakers and companies — to debate big action on the problem, which could upend energy systems and our way of life.
A view above Ellesmere Island, Canada, in 2017.
Canada's only ice shelf broke apart due to a hot summer and climate change, the AP reports.
Why it matters: Ice shelves are between hundreds and thousands of years old and bulkier than long-term sea ice. Their disappearance from Canada showcases how the Arctic has warmed faster than the rest of globe.
Illustration: Eniola Odetunde/Axios
General Motors is trying to revive an incendiary lawsuit against Fiat Chrysler Automobiles with explosive new allegations including bribes paid from secret offshore bank accounts and a union official acting as a double agent between the two automotive giants.
Why it matters: The extraordinary legal battle is occurring amid earth-shaking changes in the global auto industry that threaten to turn both litigants into dinosaurs if they aren't nimble enough to pivot to a future where transportation is a service, cars run on electrons and a robot handles the driving.
Coming in 2022: the electric Cadillac LYRIQ. Photo: GM
Wall Street still views General Motors as yesterday's news, so one way for GM to get credit for its in-house capability is to spin off its electric vehicle operations as a stand-alone business.
Why it matters: Pure plays on electric vehicles are all the rage among investors — just look at Tesla's valuation.
Illustration: Sarah Grillo/Axios
While overall energy use declined when coronavirus-induced lockdowns took effect, residential power costs rose for many people, the Wall Street Journal reports.
Why it matters: It shows how staying at home means moving energy costs from offices to homes, "a shift that, with the accompanying expense, could make things worse for those already suffering financially as a consequence of the pandemic."
The Cadillac Lyriq. Image courtesy of Cadillac
Cadillac on Thursday unveiled the Lyriq, the luxury brand's first all-electric model and GM's first consumer electric vehicle unveil since the Chevy Bolt several years ago.
Why it matters: It's the first reveal by GM of an electric vehicle that will use the company's new modular platform and Ultium battery system — technologies meant to underpin the 20 electric vehicles that GM plans to launch by 2023.