"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...
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.
Joann Muller of Axios writes on startups that are trying to make EV charging easier in cities. “In New York, several mobility startups are trying to tackle the urban charging dilemma, not just for private EV owners but also for taxis, ride-hailing fleets and delivery vehicles that need to keep running.” Read the full article...
Dan Romito writes in RealClearEnergy that regulation will not solve our energy problems. “Highlighting emissions data, although helpful in some cases, is also not going to solve any functional or operational aspect of climate risk. Should an investor deem any data point material to valuation, the communication avenues to attain such information already exist. We...
The Climate and Freedom Agenda is a comprehensive policy playbook that offers real solutions to lower prices for consumers, bolster energy security, and accelerate climate progress.
"The initiative will allow the U.S. to shape strengthened business, energy, and geopolitical ties to the critical region, particularly through the private sector that is the catalyst for real and meaningful economic transformation."
"Done right (and it seems likely that’s the way they’re trying to do it) a ship doing this can handle some of the longest and most popular routes across the Pacific."
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