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Why This Matters: Transportation accounts for 23% of carbon emissions globally according to the IPCC. As long as gas is cheap, car companies will keep making gas guzzlers and the public will keep buying them. But the bill is going to come due in a decade or two — indeed it already is — and we are just paying the cost in disaster aid. Leadership matters. GM is not leading and neither is our government. They claim that these new longer and heavier trucks will actually have improved gas mileage above the current dismal 15 mpg in the city, but they won’t say how much. We are not buying it. We are wondering why the government bailed GM out a decade ago — GM continues to “cost” the government and the public dearly by expanding its line of carbon-emitting gas guzzlers.
As Greentech Media reported, oil and gas giant BP announced yesterday that it will cut its oil and gas output by 40% by 2030 and increase its low-carbon investment tenfold by then as it begins to detail its 2050 net-zero strategy. This announcement comes after BP head of strategy Giulia Chierchia told investors on a […]
Investment in electric vehicles and their components and infrastructure continue to grow in spite of the pandemic and economic downturn, not to mention the infancy of the market.According to MarketWatch.com, there is “sky high” investor interest in clean energy and electric vehicle companies.
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