In a recent article by Zachary Shahan, he wrote that some of the main challenges that face EV manufacturers are specifically around securing a supply chain for their EV battery manufacturing. While it is clear that EVs need efficient batteries, it is not as well known that it also takes one or two years to get a battery production plant up and running, just ask industry leader Tesla, Inc.
Tesla will buy more cobalt from Swiss mining company Glencore to use in both Giga Berlin and Giga Shanghai, according to fresh reporting. This provides a boost to Glencore, which faced a bit of a slide over the past two years as the price of cobalt has dropped.
Norges Bank Investment Management, which manages Norway’s sovereign wealth fund, has made a powerful stance in favor of climate action.
Danish renewable energy giant Ørsted announced last week that it has signed an agreement with leading global natural resources company Glencore to divest itself of its liquefied natural gas (LNG) business
One of the world’s largest coal miners, Glencore, announced on Wednesday that it plans to cap its coal production capacity to current levels and is developing long-term targets in line with the Paris Climate Agreement.
Electric vehicles are widely expected to become the dominant form of personal transportation as cities and countries around the world look to complete bans of new internal combustion vehicle sales in the coming years.
Shifting the world to this new technology is disrupting the entire automotive industry and gives hope that the world just might have a chance when it comes to combatting climate change and shifting to new, zero-emission technologies like electric cars.
More or less, this story could be about Daimler, BMW, Ford, GM, Toyota, Honda, or any other major automaker. In fact, while this article was in the works, a couple of Daimler execs came out and admitted a couple of the core challenges in a rather direct way. Fiat Chrysler CEO Sergio Marchionne did the same a year and a half ago in his own dramatic style. But the complexity of the story means that it’s not a black and white issue and it also goes far beyond the statements referenced above.
The world’s major publicly-listed mining companies are generating up to $16 billion in emissions costs by passing the climate risk down their value chain, and are exposed to up to 30 times more emissions by passing down the buck.
The idea of the president of any normal country also owning one of its largest assets and using his office to protect it seems outrageous. Putin used his position to gain wealth for himself and a small group of cronies, and is trying to prevent sanctions from reducing the value of that wealth.
The world’s 47 largest investor-owned fossil fuel and cement producers have found themselves accused this week of human rights abuses. In December of 2015, we reported on an investigation being carried out by the Philippines Commission on Human Rights (CHR) into whether fossil fuel companies are to be held responsible for … [continued]
