Environment

The world’s most powerful tidal turbine just got a major funding boost

Orbital Marine Power’s O2 turbine at the Orkney Islands, north of the Scottish mainland, in September 2021. Scotland has become a hub for companies and projects focused on tidal power and marine energy in general. William Edwards | AFP | Getty Images Scottish engineering firm Orbital Marine Power said Monday it secured £8 million ($9.64 …

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There’s a massive pile-up of car, furniture exports bound for US

Labor slowdowns and strikes at the German and Netherland ports are creating a massive pile-up of export containers bound for the US that will take months to clear out. According to the bills of lading found through ImportGenius, some of the items that are exported out of these ports are critical components to the auto …

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GM Is Training First Responders on Electric Car Crashes

A firefighter from the Illinois Fire Service demonstrated how to access an electric vehicle for rescue attempts.Image: General Motors More firefighters and EMTs will soon be able to pry you out of your burning Prius and maybe even save the car. General Motors announced Thursday it was expanding its training program on rescues involving electric …

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Elon Musk is a smart person but he doesn’t understand ESG: Tech CEO

In May, electric-vehicle maker Tesla was removed from the S&P 500’s ESG Index. In response, CEO Elon Musk tweeted that ESG was “a scam” that had been “been weaponized by phony social justice warriors.” Jim Watson | AFP | Getty Images Tesla chief Elon Musk may have misunderstood the meaning behind ESG (environmental, social, and …

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Natural gas drops 10%, on track for worst month in more than three years

A liquid natural gas (LNG) tank. Artinun Prekmoung / Eyeem | Eyeem | Getty Images US natural gas futures plunged below $6 per million British thermal units on Thursday, after an inventory report showed a larger-than-expected storage build, sparking fears of an oversupplied market. Henry Hub futures declined 12.5% ​​to $5.68 per million British thermal …

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Why companies like Stripe, Meta and Alphabet are behind carbon removal

The market for carbon removal is expanding rapidly, and private money is pouring in from tech companies seeking to help early-stage carbon capture and storage startups scale up and bring costs down. The wave of funding comes as reports from the Intergovernmental Panel on Climate Change double down on the need to remove billions of …

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ECB member Holzmann on inflation, fragmentation ahead of July rate hike

The ECB is heading to a critical meeting in July with a rate rise expected and investors awaiting details of its new fragmentation tool. Daniel Roland | Afp | Getty Images A member of the European Central Bank told CNBC Wednesday that there’s plenty of runway to hike interest rates, following the two planned raises …

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Climeworks, carbon dioxide removal company, building Iceland plant

Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal startup Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a …

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Hydrogen powered trains to be used in Berlin-Brandenburg region

A Mireo Plus H train photographed in North Rhine-Westphalia, Germany, on May 5, 2022. According to Siemens Mobility, the train can hit a top speed of 160 kilometers per hour, or around 99 mph. Sophie Brossler | Picture Alliance | Getty Images Siemens Mobility is to build several hydrogen-powered trains for a network in the …

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The housing market slowdown is showing up in shipping data from China

Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by US importers of 20-30%, as recently reported by CNBC, and more recent data from US shippers shows the housing market slowdown is now showing up in the Asian supply chain data too. “We are seeing the impact and slowdown across …

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