Environment

Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg, with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies including Tesla. Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014.
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Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion dollar acquisition of the residential solar installation company, Vivint Solar, Sunrun looks to solidify its
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DroneBase, a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies. While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services. Even
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(Reuters) – European Union lawmakers on Thursday approved green finance rules ensuring investments do not prop up polluting industries, requirements they and investors say should also guide spending of hundreds of billions of euros in coronavirus recovery funds. European Union flags fly outside the European Commission headquarters in Brussels, Belgium, December 19, 2019. REUTERS/Yves Herman
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(Reuters) – Six European Union countries, including Germany, France and the Netherlands, have called for EU legislation and increased funding to support hydrogen, a low-carbon technology in line for cash from the bloc’s coronavirus recovery fund. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, February 19, 2020. REUTERS/Yves Herman/File
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(Reuters) – Agriculture Secretary Sonny Perdue on Friday unveiled what he called a “blueprint” for enabling energy extraction, mining, grazing and logging in federal forests by speeding up environmental reviews and permitting. FILE PHOTO: U.S. Secretary of Agriculture Sonny Perdue holds a U.S. flag-themed face mask while speaking about the nation?s food supply chain during
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FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol (Reuters) – E-commerce companies Amazon Inc and eBay Inc have been instructed by the U.S. Environmental Protection Agency (EPA) to stop selling unproven or unsafe disinfectants, including products falsely marketed as killing COVID-19, on their platforms, Bloomberg reported
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Workers disembark from a helicopter after being evacuated from oil production platforms ahead of Tropical Storm Cristobal, at Bristow Galliano Heliport in Galliano, Louisiana, U.S. June 6, 2020. REUTERS/Jonathan Bachman HOUSTON (Reuters) – Tropical Storm Cristobal moved through the U.S. Gulf of Mexico on Saturday carrying strong winds and heavy rains that prompted the evacuation
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FILE PHOTO: The Environmental Protection Agency headquarters is seen in Washington, D.C., U.S., January 19, 2020. REUTERS/Lucy Nicholson WASHINGTON (Reuters) – The U.S. Environmental Protection Agency released on Thursday a proposed overhaul of how major clean air rules are written by changing the cost-benefit analysis process, a move that would affect the stringency of future
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MOGADISHU (Reuters) – A new solar power plant in Mogadishu should quadruple the city’s generation capacity and cut bills, the owners said, providing relief to businesses facing crippling costs from diesel-generated electricity. Electrical power lines from the Benadir Electricity Company (BECO) solar project in the outskirts Mogadishu, Somalia May 21, 2020. REUTERS/Feisal Omar BECO, Somalia’s
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FILE PHOTO: EPA Administrator Andrew Wheeler testifies at a hearing titled ‘Oversight of the Environmental Protection Agency’ in the Dirksen Senate Office Building in Washington, DC, U.S., May 20, 2020. Kevin Dietsch/Pool via REUTERS/File Photo WASHINGTON (Reuters) – U.S. Environmental Protection Agency chief Andrew Wheeler will sign a rule on Monday that would limit state
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The U.S. has suffered from devastating wildfires over the last few years as global temperatures rise and weather patterns change, making the otherwise natural phenomenon especially unpredictable and severe. To help out, Stanford researchers have found a way to track and predict dry, at-risk areas using machine learning and satellite imagery. Currently the way forests
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LONDON/JOHANNESBURG (Reuters) – Glencore on Thursday defended its climate policy from activists who want targets set for the use of its products, with Chairman Tony Hayward saying the miner’s current plan will cut greenhouse gas emissions. FILE PHOTO: Tony Hayward, Chairman of Glencore and Genel Energy responds to questions during a panel debate at the
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The European Commission is proposing to direct billions of euros of financial relief into high tech and green investments to help the bloc recover from the coronavirus crisis. Technologies such as 5G, AI, cloud, cybersecurity, supercomputing and renewable energy look set to benefit from a €750BN pan-EU support package set out today — aligning with
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BRASILIA (Reuters) – Brazilian Environment Minister Ricardo Salles called on the government to push through further deregulation of environmental policy while people are distracted by the coronavirus pandemic, in a video the Supreme Court ordered released on Friday. FILE PHOTO: Brazil’s Environment Minister Ricardo Salles looks on during a ceremony to sign a memorandum of
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SANTIAGO/LIMA (Reuters) – Indigenous leaders are calling for help to stop oil companies drilling in the headwaters of the Amazon river in the wake of the coronavirus pandemic, warning that encroaching on their homelands would destroy a bulwark against climate change. In video shared with Reuters on International Day for Biological Diversity on Friday, communities
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FILE PHOTO: People are seen on a polluted day in central Beijing, China March 2, 2019. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – China said on Friday it will continue to strengthen anti-pollution controls and meet its environmental targets for 2020, but warned that the coronavirus pandemic would weigh on energy intensity goals. “By maintaining the
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KOLKATA/DHAKA (Reuters) – The most powerful cyclone to strike eastern India and Bangladesh in over a decade killed at least 82 people, officials said, as rescue teams scoured devastated coastal villages, hampered by torn down power lines and flooding over large tracts of land. Mass evacuations organised by authorities before Cyclone Amphan made landfall undoubtedly
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FILE PHOTO: Power-generating windmill turbines are pictured during sunset from the Drachenberg hill in Berlin, Germany, August 19, 2019. REUTERS/Fabrizio Bensch BERLIN (Reuters) – Germany’s ruling coalition reached a compromise deal in a row over the minimum distance onshore wind turbines should have from dwellings, leaving the final decision to regional governments and lifting a
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FILE PHOTO: Equinor’s logo is seen at the company’s headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins OSLO (Reuters) – Equinor’s shareholders, dominated by the Norwegian government, rejected all climate resolutions at the oil firm’s annual general meeting on Thursday, the company said. One of the resolutions, proposed by Follow This, a group which
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