"Initially the North Carolina plant will produce batteries for hybrid electric vehicles, but Toyota says eventually it will make materials for battery electric vehicles at the location. Currently electric vehicles make up about a quarter of Toyota’s sales, but the company says that will increase to 70% by 2030."
Thomas Frank of E&E News reports that global weather disasters cost $101 billion in 2021. >>>READ: The Truth About Extreme Weather<<< “Insured losses this year from storms, floods and other dangerous events are projected to reach $101 billion, with the damage occurring overwhelmingly in the U.S., Swiss Re said.” Read the full article here.
Bloomberg’s Stephen Stapczynski reports that U.S. LNG exports have topped rivals for the first time. “A shale gas revolution, coupled with billions of dollars of investments in liquefaction facilities, transformed the U.S. from a net LNG importer to a top exporter in less than a decade. U.S. natural gas production has surged by roughly 70%...
Christopher M. Matthews reports for The Wall Street Journal that Exxon is pledging to reach net-zero emissions by 2050. “With Exxon’s announcement, all of the largest Western oil companies have now made so-called net-zero commitments to reduce or offset greenhouse-gas emissions. BP PLC and Royal Dutch Shell PLC did so in 2020, and in time the largest U.S. oil...
"We cannot grow by subtraction. We must innovate, deploy the technology we have today and support the innovation necessary for the future and not be bound by only what we know today as the solutions. Transformation requires a vision and investment."
Eric Boehm of Reason writes on Biden’s solar tariffs. >>>One Simple Trick that Biden can do to Accelerate Clean Energy<<< “The administration wants to force consumers to pay higher prices to please domestic solar companies (which petitioned the White House to extend the tarrifs), then use tax dollars to offset the artificially higher prices with...
"There is a global need to increase crop production to feed a growing population. High-income industrialized countries already have the tools to increase crop yields; in contrast, farmers in lower-income countries often struggle to access inputs like fertilizer. By prioritizing organic production over yields, the EU is promoting deforestation and biodiversity loss in lower-income countries — all while continuing to import the non-organic genetically engineered crops that EU countries refuse to grow domestically."
"Lufthansa has also announced plans to roll out the AeroShark film on its entire cargo freight fleet of Boeing 777s as well. That’s 'just' 10 planes, but it’s enough to represent a savings of more than 3,700 tons of jet fuel and 11,700 tons of CO2 emissions, annually. What’s more, the AeroShark team believes those estimates are low, since the film might be slightly more effective on cargo planes that don’t have window openings to work around."
"It is still early days for the market. While that increases the chance it develops in unexpected ways, it also gives the likes of Air Liquide time to adapt."
To reduce costs on consumers, while increasing energy security, the government would do well to lessen regulations for domestic production and allow private sector leaders like Marathon to thrive.
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