The companies say the $2.3 billion electric battery operation will create 1,100 jobs
General Motors announced a joint venture with South Korea-based LG Chem to manufacture electric vehicle batteries in northeast Ohio, a significant step for the nation’s largest automaker in its bid to electrify its future offerings. Washington Post
When you have Mike Bloomberg money, there is no shortage of ways to spend it. Bloomberg announced he was seeking the Democratic nomination for president along with plans to spend up to $1 billion of his own fortune on his campaign. What he didn’t announce was his role as the new climate clarion.
Journalist Kate Aronoff tweeted about seeing Bloomberg ads pop up whenever she Google searched climate-related terms. Bloomberg ads were appearing at the top of searches for phrases including “climate change,” “climate crisis,” “climate breakdown,” “global warming,” and this year’s word of the year, “climate emergency.
And that’s just the tip of the iceberg. Earther(photo credit: Vanity Fair)
Chart of the Week: DOE Fuel Costs for All Vehicle TypesThe Department of Energy (DOE) released annual fuel cost data for 2019 model year (MY) vehicle types. This is why it makes sense (and cents) to buy an electric vehicle (EV) over an internal combustion engine (ICE) vehicle. US DOE
“I am writing this book to help identify how we can work on a local, national, and global level to build the technologies, businesses, and industries to avoid the worst impacts of climate change.” - Bill Gates
In “How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need,” Gates will explain why he cares so deeply about climate change and what makes him optimistic that the world can prevent the worst impacts of the climate crisis.
While it's great to see Gates (the world's riches person) take a stand against man-made climate change, we hope his daring will match his words. Technology is important, but successfully combating climate change will require much more - leadership, speed and scale are necessary to avoid catastrophic consequences.
The book is scheduled to be released on June 24, 2020.
Tesla’s CYBRTRCK pickup made its global debut last week to roaring cheers, some criticism and sighs of relief from Detroit automakers. The pickup features a unique trapezoidal design that’s unlike anything ever produced outside of sci-fi movies. The truck will be available in 2021. Business Insider
Last week, a study from economists at Columbia University found that a carbon tax plan with the most support in Congress would slash American carbon pollution by almost 40 percent within a decade. It would outperform any Obama-era climate policy and go well beyond the United States’ 2015 commitment under the Paris Agreement.
There’s only one hitch: the politics. There is a popular, revenue-neutral carbon-tax bill in Congress, but it is only “bipartisan” on a technicality. Dozens of Democrats support the plan. Its sole GOP backer is planning to leave politics. (link) The Atlantic
“Thorium produces only one percent of the nuclear waste that uranium produces, with 200 times the power per ton.”
Nuclear energy is by far the most efficient source of energy, but due to several drawbacks that come with this resource, many are hesitant to support it. However, this could all change if the source of nuclear power changed from uranium to thorium. If this switch occurred, we could have an enormous supply of clean, efficient energy at our fingertips. Are you convinced? (link) Trinitonian Bonus: check out this short video on the history of thorium.
Bezos worries that in the coming generations the planet’s growing energy demands will outstrip its limited supply. “We have to go to space to save Earth.”
Jeff Bezos controls nearly 40 percent of all e-commerce in the United States. More product searches are conducted on Amazon than on Google, which has allowed Bezos to build an advertising business as valuable as the entirety of IBM. One estimate has Amazon Web Services controlling almost half of the cloud-computing industry. Forty-two percent of paper book sales and a third of the market for streaming video are controlled by the company; Twitch, its video platform popular among gamers, attracts 15 million users a day. All of this makes Bezos arguably the most powerful man in American culture. (link) The Atlantic
Rocky Mountain Institute's (RMI) latest report, Breakthrough Batteries: Powering the Era of Clean Electrification, shows that cost and performance improvements are quickly outpacing forecasts, as increased demand for EVs, grid-tied storage, and other emerging applications creates positive feedback loops for further investment and research, setting the stage for mass adoption. Now, analysts expect the capital cost for new battery manufacturing capacity to drop by more than half from 2018 to 2023.
The majority of the carbon emission reduction pledges for 2030 that 184 countries made under the Paris Agreement aren’t nearly enough to keep global warming well below 3.6 degrees Fahrenheit (2 degrees Celsius). Some countries won’t achieve their pledges, and some of the world's largest carbon emitters will continue to increase their emissions, according to a panel of world-class climate scientists. (link) NatGeo