November 17, 2023
🥳 It's Friday, climate readers. Research associate Natalie Breymeyer here with your weekly digest.
Programming note: Axios will be observing Thanksgiving next Thursday and Friday, so your next weekly digest will come on Dec. 2. Enjoy the holiday!
Situational awareness: The U.S. Export-Import Bank is providing $169 million in financing to Beta Technologies, an electric aircraft developer based in Burlington, Vt.
1. Exxon's lithium plans
Nov. 13 — ExxonMobil unveiled a major plan to develop lithium for electric vehicle batteries, Alan wrote.
- Why it matters: The announcement shows that one of the world's largest providers of fuel for combustion engines also has a detailed and long-term plan for doing the same for electric vehicles.
- Go deeper: Read Monday's newsletter, plus Monday's Pro Rata on senators introducing a bill that would increase regulations on PE and VC investments into China.