14 Apr 2023 | Synopsis
"In the wake of new U.S. vehicle emissions laws, the fossil fuel industry is trying to win moral high ground by arguing that cutting emissions is the wrong goal."American Fuel and Petrochemical Manufacturers association [favors] focusing on expensive, energy-intensive, difficult-to-scale carbon capture technology to pluck those emitted particles from the atmosphere. It's Occam's Razor in reverse: The most overcomplicated solution, that harms the profits of the fewest archaic industries..."
14 Apr 2023 | Synopsis
There are two types of emissions targets for banks: Absolute...aims for a specific total volume of emission cuts relative to a baseline, and intensity...aims for a specific level of emissions per dollar of financing."...the climate plans of six major U.S. banks...are on track to be where they need to be by 2030 to limit warming to 1.5 C. Only Bank of America is on track for 2 C...60 largest global banks...dedicated $5.5 trillion in total $5.5 trillion in total to oil, gas, and coal since 2016."
13 Apr 2023 | Synopsis
"...30% of E-bike users in Europe primarily use their E-bikes for commuting to work or school, demonstrating the significant demand for E-bikes in the commuter/urban segment...North America will become a dominant player in the E-Bike market from 2022 to 2030...U.S. government announced a $3 billion investment in the development of e-bike infrastructure...Asia Pacific region is expected to maintain its leading position in the E-bike market."13 Apr 2023 | Synopsis
"Beep, beep: Here comes the end of the dominance of gas-guzzling cars in the United States.""The EPA anticipates that the rules could save between $850 billion and $1.6 trillion in climate and health impacts...The EPA's new rules are a major step in the electric car revolution that has been a long time coming. Still, electric vehicles alone will not fix our country's transportation system."
13 Apr 2023 | Synopsis
"...the 1,475 pages of proposed Environmental Protection Agency regulations that could transform the way Americans get around...Biden's regulators envision, two out of every three new cars and light trucks sold in the U.S. in 2032 will be electric - more than 10 times the current national sales rate."EPA estimated that its proposal would add an incremental cost of $844 for cars and $1,385 for trucks in 2032."
13 Apr 2023 | Synopsis
Representative Curtis, the leader of the Conservative Climate Caucus "demonstrated one of the ways Republicans talk differently about climate—by defending the fossil-fuel industry and defending legislation that would ease permitting for oil and gas."...do we hate fossil fuels or do we hate emissions, and I think we hate emissions, and fossil fuels can actually play a role. They can be part of the solution, and not the problem."
13 Apr 2023 | Synopsis
"...the documents show how Shell was actively supporting research that clearly underscored the dangers posed by burning its fossil fuel products from the mid-1970s"...as the company's awareness of the potentially devastating consequences of climate change grew, the documents show how Shell shaped a series of influential industry-backed publications that downplayed or omitted key risks...
12 Apr 2023 | Synopsis
EPA proposal "includes four different options, the most aggressive of which would set emissions reduction requirements so stringent that automakers would have to boost electric vehicles' share of the market to between 54 percent and 60 percent by 2030..."…the rule changes wouldn't order or require auto companies to sell a certain number of electric vehicles, it would set emissions limits so tightly the only way to comply would be to sell large percentages of EVs."
12 Apr 2023 | Synopsis
Vermont..."estimates that it will miss out on about $1 million in revenue in 2023 due to the uptake of EVs and hybrids...as the gas tax helps fund road maintenance and improvements...H.479 would be based on the number of miles driven by the vehicle rather than the amount of gasoline used."Lawmakers are roughly aiming for July 2025 to launch a mileage-based EV tax because that's when the state aims for 15% of all new vehicles to be fully electric or plug-in hybrids."
12 Apr 2023 | Synopsis
"Porsche and the VW main brand see things differently when it comes to efuel...Porsche has a different agenda and is trying to save the internal combustion engine by offering a zero-emission ICE alternative to battery-powered EVs. In contrast.."The Wolfsburg-based marque has already announced plans to become a purely electric automaker in Europe by 2033."Thomas Schafer stated "Why spend a fortune on old technology [ICE running on efuel] that doesn't really give you any benefit?"
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