January 31st, 2021 by Jennifer Sensiba The Bitcoin Logo, Public Domain Bitcoin gets a lot of bad press for the electrical power that it uses. Sure, the bitcoin wallet in your computer or phone itself doesn’t use much electricity, but the creator(s) set the system up to pay people to build the infrastructure needed to
Month: January 2021
An International truck is parked in front of a Navistar facility on April 17, 2018 in Melrose Park, Illinois. Scott Olson | Getty Images DETROIT — General Motors will supply Navistar International with fuel-cell electric vehicle technology for a new semitruck, adding to the automaker’s growing tie-ups in the emerging market. The companies are billing
The U.S. rotary rig count increased by six to 384 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating rigs Baker Hughes noted that all six of the additional U.S. drilling units are oil rigs, a subset that now totals 295. The U.S. gas and miscellaneous rig
By Maria Merano Posted on January 31, 2021 It appears that the fun and creative nature of Tesla’s engineers is starting to influence legacy carmakers, at least if a recently-teased image from a Ford Mustang Mach-E electric motor is any indication. As shared recently by the Mustang Mach-E VLOG, at least one of the all-electric
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U.S. President Joe Biden delivers remarks on tackling climate change prior to signing executive actions in the State Dining Room at the White House in Washington, January 27, 2021. Kevin Lamarque | Reuters President Joe Biden has passed an early flurry of executive action on climate change during his first weeks in office, reversing environmental
January 29th, 2021 by Rocky Mountain Institute Courtesy of Rocky Mountain InstituteBy Katie Siegner, Kevin Brehm, Mark Dyson Register for a webinar on Wednesday, February 10, with RMI authors and community leaders from the projects highlighted in the three case studies to learn more about how to effectively foster wind and solar project developments locally.
Institutional Investor Hall of Famer Richard Bernstein warns retail investors will pay a big price for getting caught up in speculative trades. Bernstein, who has spent decades on Wall Street, cites the democratization of the market as a critical contributor to the excessive euphoria. He worries naiveté will ultimately put amateurs in difficult positions. “Bubbles show
(Bloomberg) — Oil edged lower on Friday alongside a broader market decline as the recovery in consumption remains uncertain. The dip capped a third straight week with New York futures stuck near $52 a barrel. U.S. equities weakened amid lingering concerns over volatile retail trading. While Johnson & Johnson’s Covid-19 vaccine breakthrough allayed some worries
By Joey Klender Posted on January 29, 2021 Tesla (NASDAQ: TSLA) has received its second Wall Street price target that exceeds the $1,000 threshold from Argus Research analyst Bill Selesky. Following the electric automaker’s Q4 2020 Earnings Call, Selesky revised his price target to $1,010 while reiterating the “Buy” rating he has held on the
LONDON — An increase in city center traffic may cause issues for governments as they try to meet sustainability goals, according to the CEO of Irish postal company An Post. David McRedmond told CNBC that congestion caused by delivery trucks in particular could see lawmakers legislate for these vehicles to be electric. “It does raise
January 28th, 2021 by Zachary Shahan We’ve been covering automakers’ electrification plans for several years. Today, we got a gem from GM. The automaker that proudly brought the Chevy Bolt EV to market before anyone else had a semi-affordable electric car on the market with that much range has now dropped a new marker in
[The stream is slated to start at 08:00 ET. Please refresh the page if you do not see a player above at that time.] The coronavirus pandemic and declining oil prices pose severe risks to the Middle East and North African economies, which were collectively set to contract 5.2% last year. Discussing the policies, practices
(Bloomberg) — Oil declined the most in nearly a week with the spread of new Covid-19 variants and tighter lockdown measures weighing on nascent hopes of a demand recovery. Futures in New York fell nearly 1% after choppy trading earlier on Thursday. The coronavirus variant identified in South Africa is reported to have reached the U.S. At
By Eric Ralph Posted on January 29, 2021 While SpaceX technically launched its 1000th Starlink satellite on January 20th, the company’s next launch could give Starlink 1000 working satellites for the first time ever. Pushed from January 27th to no earlier than (NET) Sunday, January 31st by an apparent lack of drone ship availability, SpaceX’s
The co-CEO of DSM stressed the deep connection between climate change and food systems on Thursday, emphasizing the importance of moving fast and using technology to tackle the challenges they create. Speaking to CNBC’s “Squawk Box Europe”, Geraldine Matchett said food systems were “one of the big causes of climate change, with about 25% of
Elon Musk confirmed that the new Tesla Roadster has been delayed to 2022 – a good two years behind the original schedule. Tesla Roadster timeline When first unveiling the next-generation Tesla Roadster in 2017, Musk said that it will come to market in 2020. Tesla started taking reservations for the impressive electric supercar with a 0-60
A worker on a an oil drill near New Town, North Dakota. Daniel Acker | Bloomberg | Getty Images Last week, I watched as President Biden promised a return to the “restless, bold optimism” of yesteryear. Yet even as he opined on his commitment to govern for all Americans, his staff was quietly working to
January 28th, 2021 by Guest Contributor Originally published on EV Annex.by Charles Morris The climate crisis may seem like such a vast and complex problem that mankind is simply incapable of addressing it. However, a new study offers hope that transformational change in just a couple of key sectors could bring about “tipping points” that
(Bloomberg) — Oil erased most of its gains as futures traded in tandem with broader markets, with demand concerns prevailing over the biggest drop in U.S. crude supplies since last summer. While futures in New York closed 0.5% higher on Wednesday, a weaker U.S. equity market ultimately pushed the benchmark down in after-market trading. A meaningful recovery
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