By Joey Klender Posted on July 23, 2021 Rivian has announced another successful private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company, along with funds and accounts advised by T. Rowe Price. Third Point, Fidelity Management and Research, Dragoneer Investment Group, and Coatue participated in the second investment round
Rivian announced that it closed a $2.5 billion investment round with investments from Amazon, Ford, and others. The automaker also confirmed that it’s looking for a location for a second electric vehicle factory in the US after the media reported on the project. As we have often reported in the past, Rivian has been quite
In this article TSLA DAI-DE VOW3-DE Sina Schuldt | picture alliance | Getty Images Germany’s Daimler said Thursday that its Mercedes-Benz brand would “be ready to go all electric at the end of the decade, where market conditions allow.” It’s the latest sign of how major automotive firms are gearing up for a future based
(Bloomberg) — Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. Futures in New York rose 0.2% this week, completely recouping a selloff on Monday that was stoked by the rapidly spreading delta variant.
The Australian government is keen on an economic recovery from covid that is led by gas — used domestically and also sold to our Asian trading partners. Gas, they say, is the bridge to a cleaner future. They promote and fund gas over any form of renewable energy. Australian conservative politicians at the federal level
Drazen_ | E+ | Getty Images Swedish energy firm Vattenfall has been given a permit to build a project in the Netherlands that plans to combine solar power with farming, in the latest example of how renewables and agriculture can potentially dovetail with one another. In a statement earlier this week Annemarie Schouten, Vattenfall’s head
Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron’s site in Pungesti, Romania, April 8, 2014. Bogdan Cristel | Reuters The challenges around climate and renewable energy appear to be outweighing higher oil prices for investors, and that dynamic will hold back stocks like Chevron, according
By Simon Alvarez Posted on July 22, 2021 Tesla has rolled out its latest round of price adjustments to the Model 3 sedan and the Model Y crossover’s Dual Motor AWD variants. Prices for other vehicles in the company’s lineup remained consistent for now. With the most recent price adjustment, the Tesla Model 3 Long
President of Iran, Hassan Rouhani speaks during the National Combat Board Meeting with Coronavirus (Covid-19) in Tehran, Iran on Nov. 21, 2020. Iranian Presidency Handout | Anadolu Agency | Getty Images WASHINGTON – Iran opened its first oil terminal in the Gulf of Oman on Thursday, a move aimed at making Iranian President Hassan Rouhani’s
(Bloomberg) — Oil rose to the highest in a week amid expectations that recovering demand from the U.S. to India and Europe will further tighten global crude markets. Futures in New York climbed 2.3% on Thursday after posting the biggest gain in three months on Wednesday. Gasoline demand is essentially back to normal in many
Generate Capital Community Solar Project, 17B, in New York, courtesy of NY Governor Cuomo. New York’s solar growth has climbed 2,100% since the NY-Sun initiative was launched in 2011. The cost of solar dropped 69% in that same period. Naturally, there are large global trends driving these results, but they are great for New York
In this article WM RSG A rising industry America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the solid waste management industry sees
By Maria Merano Posted on July 21, 2021 Tesla and BHP, a global mining company in Australia, signed a nickel supply agreement with each other recently. BHP will supply Tesla with nickel from its Nickel West asset in Western Australia. The mining company assured that its Nickel West asset is one of the most sustainable
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Workers during the production process of pipes at the Nord Stream 2 facility at Mukran on Ruegen Islandon in Sassnitz, Germany. Carsten Koall | Getty Images WASHINGTON – The United States and Germany reached an agreement to allow completion of the $11 billion Nord Stream 2 pipeline, a thorny, long-standing point of contention between the
(Bloomberg) — Oil jumped the most since mid-April amid broader market gains and after a U.S. government report showed declining fuel and distillate stockpiles during the high-demand summer driving season. Futures rose 4.6% in New York on Wednesday with U.S. equities advancing as better-than-expected corporate earnings took the focus off concerns about the economic impact of coronavirus
A Microburst Cuts Us Off From The Grid June is always very dry in most of the southwest United States, and it’s the hottest month of the year. Phoenix often approaches 120 degrees Fahrenheit (49C) and sometimes tops it, while other high desert lowlands spend days at a time with highs over 110F (43C). Between
In this article .VIX Market bull Art Hogan is looking beyond the trading week’s rough start. The National Securities chief market strategist expects the violent moves will set the stage for a massive comeback that will prompt him to hike his S&P 500 year-end target. “Here we are with everything for sale in a risk-off
By Maria Merano Posted on July 20, 2021 Blue Origin successfully launched and landed its first space flight with human passengers recently. Blue Origin’s first astronauts rode a Rivian R1S to the historic space launch. Blue Origin shared a short video of the astronauts heading to the launch pad and riding in a Rivian R1S.
In this article GSBD Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas. Nick Oxford | Reuters A panic-induced sell-off in the oil market triggered by virus concerns has thrown the commodity’s upward march into question — but energy experts at Goldman Sachs don’t appear to be rattled.