“By working together, these companies might bring more options to the table than if a single company went out and tried to do so alone, and thus spur the market for complicated new technology, Leverdige said. It is significant that the request is for enough fuel to move 600,000 units, which Leveridge called ‘a substantial’...
Bets on energy transition spark rise in North American pipeline deals
"TC Energy, the Canadian company behind the abandoned plan to build the controversial Keystone XL crude oil pipeline, is in the process of spinning off its oil business to focus on handling natural gas, a split it said would leave TC 'uniquely positioned to meet growing industry and consumer demand for reliable, lower-carbon energy.'"
Hydrogen startup spins out of Bill Gates-backed R&D effort, lands $7.8M
"Hydrogen is made from a variety of sources, namely fossil fuels, and through the use of dirty power. Peregrine is among the ventures aiming to make hydrogen without carbon dioxide production."
Redwood Materials acquires European battery recycler in expansion push
Kirsten Korosec of TechCrunch reports that Redwood Materials has bought a European battery recycler. “Redwood made its first move into Europe last year as part of Straubel’s global ambitions to be one of the largest battery materials and recycling companies. It sees Redux as a pathway towards that expansion.” Read the full article here.
Amazon Wants to Turn Its Supply Chain Green
Amazon's commitment to reducing not only its direct, but indirect emissions as well, shows that the private sector is ready to continue leading the way in delivering meaningful climate progress.
A Huge Lithium Discovery That Economists Were Expecting
"Now about elasticity of supply, in which we economists tend to have more faith than do most people. Time and again over the centuries, economists have observed that resource shortages are often remedied by discovery, innovation and conservation — all induced by market prices. To put it simply: If a resource is scarce, and there is upward pressure on its price, new supplies will usually be found."
Top Green Fund Backs Deforestation-Free Crops With $189 Million
"The money provided by the Green Climate Fund comprises grants, loans, private sector co-financing, and will be deployed to a bigger facility that has $981.6 million in financing. The &Green fund will ensure agricultural companies that benefit from it contractually commit to sustainable farming practices and protecting and restoring forests, Sinha said."
Invasive species cost the world more than $400 billion a year, UN report finds
Jeronimo Gonzalez of Semafor writes on a UN report about invasive species. “However, the authors emphasized that governments should focus their resources on prevention rather than eradication. ‘It’s much more cost-effective to prevent the introduction of invasive species such as taking biosecurity measures, border controls and risk analysis of non-native species,’ one of the authors...
Electric Car Sales Reached New Heights in 2022
Almost 1 in 7 new cars sold last year was a battery electric vehicle
How Oil and Tech Giants Came to Rule a Vital Climate Industry
"If funded and completed, the two carbon-removal hubs would remove roughly 1 million metric tons of carbon dioxide from the atmosphere annually and store it underground. That amount is equivalent to the annual emissions of about 220,000 gasoline-powered cars, which is a fraction of what is needed overall to limit climate change. Each project would be roughly 250 times bigger than the only direct-air capture facility currently in commercial operation."
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