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.
Tesla CEO Elon Musk told a Chinese audience the carmaker is on the verge of developing fully self-driving cars, Bloomberg reports.
Why it matters: It's a claim he's made many times before, but has yet to deliver, so take it with a grain of salt.
Fisker, one of the many electric-vehicle startups with big plans to make cars but no actual production yet, could soon become a public company.
Why it matters: If Fisker has a successful public launch, it'll be yet another sign that the market hive-mind sees something in electric-vehicle startups that aren't yet reflected in their actual financials.
Electric vehicle company Rivian announced Friday the close of a $2.5 billion funding round.
Why it matters: It's another sign that the Michigan-based company is very well-positioned among the suite of electric vehicle startups with vehicles heading to the market.
Joe Biden is making it increasingly clear that he'll push for a large increase in energy research, development and demonstration funding if he wins the White House.
Driving the news: The economic proposals Biden unveiled yesterday include $300 billion over four years for investments in R&D and "breakthrough" tech — and one of the focus areas is energy.
The growth of coronavirus cases is "casting a shadow" over oil's recovery despite the partial demand revival and supply cuts that have considerably tightened the market in recent months, the International Energy Agency said Friday.
Why it matters: IEA's monthly report confirms what analysts have seen coming for a long time: Failure to contain the virus is a huge threat to the market rebound that has seen prices grow, but remain at a perilous level for many companies.
Meadows of seagrass on the ocean floor are among the planet's most efficient ecosystems for absorbing and storing carbon.
Why it matters: Climate change, industrial and agricultural run-off, and development along coastlines are threatening the world's seagrass meadows.