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The draft text for the UN climate conference in Baku, Azerbaijan, left out how much wealthy nations will pay poorer countries to help them to reduce greenhouse gasses and cope with climate change. The developing world says it needs the $1.3 trillion in climate finance, far more than negotiators say richer nations have been prepared to […]
Washington, President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he’d have a key role in carrying out Trump’s plans to raise and enforce tariffs. Lutnick is a co-chair of Trump’s transition team, along with […]
The Trump transition team is compiling a list of senior current and former U.S. military officers who were directly involved in the withdrawal from Afghanistan and exploring whether they could be court-martialed for their involvement, according to a U.S. official and a person familiar with the plan. Officials working on the transition are considering creating […]
Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. The Hollywood Reporter | The Hollywood Reporter | Getty Images On Saturday, Elon Musk shared who he is endorsing for Treasury secretary on X, a cabinet position President-elect Donald Trump has yet […]
US President-elect Donald Trump’s transition team is planning to kill a $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, Reuters news agency has reported, citing two sources with direct knowledge of the matter. Ending the tax credit could have grave implications for an already stalling electric vehicle (EV) transition in […]
Where once we dug deep for fossil fuels, today, we dig even deeper for critical minerals. They may be different resources, but their extraction will leave a similar scar on the land, particularly for Indigenous communities who are once again at the forefront of resource extraction’s environmental and cultural toll. Recent news highlights growing resistance […]
Rivian and Volkswagen announced today that the two companies would expand their joint venture and up the total investment to $5.8 billion — up from $5 billion — in an effort to survive the electric vehicle transition. The companies announced that Rivian and VW Group Technology LLC, the name of the joint venture, hope to […]
President Joe Biden and President-elect Donald Trumpp are meeting in the Oval Office, resuming a tradition that Trump himself flouted in 2020. Biden spoke first and called for a smooth transition. Trump then said politics is tough but the transition will be smooth. They did not answer questions. Trump returns to White House for 1st […]
President-elect Donald Trump is moving rapidly to name members of his next administration, including floating nominees that should not have trouble winning confirmation in next year’s GOP-led Senate. Florida Republican Sen. Marco Rubio, who is, according to multiple reports and Trump allies, the expected choice to be secretary of State, could be among the first […]
The global power technology sector is on a bull run as countries like Canada step-up plans to decarbonize their electricity grids with vast volumes of renewable energy generation to meet climate action targets. But behind the scenes, this is putting enormous strains on supply chains around the world and presenting a serious challenge for the industry […]