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And, September has historically been a good month for Neil Young album releases. So a cut from "Ragged Glory," a burst of Neil Young & Crazy Horse brilliance which turned 28 this month, is today's intro tune...
The changing of the guard at auto giant Daimler is the latest C-suite move at auto and energy giants that will help shape the future of both industries.
Driving the news: Daimler yesterday said that CEO Dieter Zetsche will step aside for current development head Ola Källenius, who the Wall Street Journal notes has been "leading the car maker’s push into electric vehicles and self-driving cars."
The big picture: The move comes after rival Volkswagen, the world's largest automaker, announced a new CEO at a time when it's also expanding its EV program.
My thought bubble: A big question is whether there will be a bankshot effect that alters the Beltway posture of powerful auto and oil industry trade groups, which often oppose or seek to scale back climate regulations.
Uber announced Wednesday that it's funneling $10 million over three years into a new "fund for sustainable mobility" to help address congestion, aid urban design, boost electrification and bicycle transit, and more.
Why it matters: The move arrives as some analysts and policymakers fear that the growth of ride-hailing is worsening urban traffic — and hence boosting emissions — and could be cannibalizing mass transit.
The details: Some goals for the Uber fund, the company says, include...
The big picture: Fast Company's piece on the new efforts takes stock of Uber's wider evolution. Eillie Anzilotti writes:
Whereas in the early days, Uber thrived by positioning itself as a luxurious counterpoint to public transit, and a more convenient alternative to car travel in a city by doing away with the need to search for parking, it’s now trying to position itself as one node in a city’s transportation fabric, and potentially one that can use its reach and revenue to create broader change.
Separately, SharedStreets announced that it's collaborating with Uber, Lyft and Ford. Via a joint statement, the companies say:
The data sets pledged by the companies will provide the public and private sectors with new tools to manage curb space in order to reduce congestion and emissions that cause climate change; improve the efficiency of city streets by making it easier for everyone to get around; and save lives by preventing traffic crashes.
Go deeper: How Uber is making traffic even worse
Breaking Thursday: "Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried it might need to limit output next year to balance global supply and demand as the United States pumps more crude," Reuters reports.
Why it matters: The report arrives amid a tight market as the U.S. is seeking to drive down Iranian exports with sanctions that formally resume in November.
The intrigue: Per S&P Global Platts, "The Trump administration is not considering a release from the Strategic Petroleum Reserve in order to blunt the impact of looming US sanctions on Iranian crude oil exports on the global oil market, US Energy Secretary Rick Perry said Wednesday."
The only nuclear power project under construction in the U.S. will proceed after co-owners reached an 11th-hour deal Wednesday on how to handle further cost overruns.
Why it matters: For days the future of Southern Company's delayed, way-over-budget construction of two new reactors at its Vogtle plant has been cloudy.
The details: Under the arrangement described in this filing, Southern subsidiary Georgia Power, which has a 45.7% stake in the project, agreed to assume a larger share of future cost increases. Per the Securities and Exchange Commission filing:
The other owners of the project are the Oglethorpe Power, the Municipal Electric Authority of Georgia, and Dalton Utilities.
The big picture: Via Utility Dive...
EV charging: Axios Expert Voices contributor Maggie Teliska writes that the Electric Vehicle Charging Carbon Coalition (EVCCC) recently announced a new method to certify the contribution of EV charging stations to the reduction of greenhouse gases (GHG).
Tesla: Per Bloomberg, "Panasonic Corp., the sole battery supplier for Tesla Inc.’s best-selling Model 3, is taking steps to help Elon Musk solve the 'production hell' problem that has plagued the car that’s key to making profits."
Trucks: This Financial Times feature gets into why, despite all the attention, electrified heavy trucking is unlikely to grab much of diesel's dominant market share anytime remotely soon.