Category: News

October 12 2017

Hybrid Truck Startup XL Gets $22 Million From Exelon, Ikea

Written by Chris Martin. This article first appeared in Bloomberg Technology.  XL Hybrids Inc. won $22 million in venture capital funding led by units of Exelon Corp. and Ikea Group to accelerate sales of its hybrid-electric delivery trucks. The Series D funding round will help reduce costs and increase demand for its hybrid truck designs, […]

October 12 2017

China ETF Surges as Smog-Clearing Drive Boosts Commodity Stocks

Written by Luzi-Ann Javier. This article first appeared in Bloomberg Markets.   China’s anti-pollution drive is brightening more than its smoggy skies. The Global X China Materials ETF has delivered a 56 percent return this year as inefficient and illegal production in the Asian nation is shut down, giving companies in the exchange-traded fund healthier profit margins and […]

October 12 2017

Philip Morris Joins Growing Group of Carbon-Pricing Corporations

Written by Chris Martin and Emily Chasan. This article first appeared in Bloomberg News.  Philip Morris International Inc. wants to know what a price on carbon will mean for smokers. The maker of Marlboro cigarettes now uses an internal cost of carbon emissions in its business decisions, joining a group of almost 1,400 companies that […]

October 12 2017

U.K. to Boost Low-Pollution Energy as It Moves to Cap Bills

Written by Jess Shankleman and Alex Morales. This article first appeared in Bloomberg News. The U.K. government is moving to boost energy supplies while ratcheting back pollution and limiting upward pressure on customer bills. The measures will benefit developers of offshore wind farms led by Dong Energy A/S and companies like Tesla Inc., which is […]

October 12 2017

How to Turn Trash Into Energy in 12 Hours

Written by Jess Shankleman. This article first appeared in Bloomberg Technology.  The U.K. might soon be powering its lights with energy that comes from the trash. A Danish energy company is working on new machines that sort household trash from recycling, while rapidly breaking down organic materials like food to create power from biogas produced by […]

October 11 2017

China Gobbles Amazon Rainforest Ore to Clean Its Polluted Skies

Written by R.T. Watson. This article first appeared in Bloomberg News. A bid by China to clean up pollution in its biggest cities and industrial towns is fueling a push to mine resource riches on the other side of the globe in the Amazon rainforest — one of the most environmentally sensitive areas on Earth. […]

October 11 2017

Wind and Solar’s Future Depends on Taxes, Not Clean Power Plan

Written by Joe Ryan, Brian Eckhouse and Ari Natter. This article first appeared on Bloomberg Technology.  The Trump administration’s decision to end the Clean Power Plan may be deeply symbolic, but the battle that matters most for renewable energy will be over taxes. Wind and solar have been the fastest growing sources of electricity in the […]

October 11 2017

BNP Paribas to Halt Shale Oil Financing in Climate Change Pledge

Written by Russell Ward. This article first appeared in Bloomberg News.  BNP Paribas SA promised to stop financing shale and oil sands projects as part of its latest efforts to tackle climate change. France’s biggest bank will no longer do business with companies whose main business stems from oil and gas obtained from shale or oil sands, […]

October 11 2017

10,000 Electric Cars Highlight Steep Path to India’s Ambitions

Written by P R Sanjal and Rajesh Kumar Singh. This article first appeared in Bloomberg Technology.  Prime Minister Narendra Modi has kicked off India’s race to turn all new passenger car sales electric by 2030. The largest order has gone to a company that hasn’t commercially started producing the vehicles. Tata Motors Ltd. hasn’t sold a […]

October 11 2017

Killing Obama’s Power Plan Hasn’t Stopped the Renewable Boom Yet

Written by Mark Chediak. This article first appeared in Bloomberg Markets.  For a look at what the death of the Clean Power Plan means for renewable energy, consider this: Since President Donald Trump signed the order to roll back the emissions-curbing rule, almost $30 billion has been spent on solar and wind projects. In the third […]