Category: News

June 5 2017

Hunt for Trump’s Climate Views Like `Chasing Rabbit,’ Perry Says

People shouldn’t focus on whether U.S. President Donald Trump believes climate change is real, according to one of his own cabinet members. “Those of you that focus on that are chasing a rabbit down a hole,” U.S. Energy Secretary Rick Perry said to reporters in Tokyo on Monday. “Is the climate changing? Yes. Is man […]

June 5 2017

Star Rapper Akon Mulls IPO of Chinese-Funded African Solar Unit

Akon, the star rapper and renewable-energy entrepreneur, is considering an initial public offering of his Chinese-funded solar business in Africa to fuel an intercontinental expansion. “That’s definitely a conversation we’ve had with the financial team on how to structure as we move forward,” Akon said in a telephone interview. “We’ve been moving at a really […]

June 5 2017

How Mercedes Plans to Recapture Its Early Lead in Robo-Cars

Three decades ago, an experimental Mercedes-Benz van managed to steer, brake and accelerate on its own. But after the technology was refined enough to put an S-Class sedan through its paces on a highway around Paris in 1994, it was largely set aside as commercially unviable.  Now, the prospect of autonomous vehicles is threatening to […]

June 5 2017

Shenhua, China Guodian Said to Mull $267 Billion Power Giant

Shenhua Group Corp., China’s biggest coal miner, and China Guodian Corp., one of the nation’s largest coal-fired power generators, are in merger discussions, according to people with knowledge of the matter. The talks are preliminary and the merger may not go ahead, said the people, who asked not to be identified as the information isn’t public. […]

June 2 2017

Pittsburgh, the City Trump Prefers to Paris, Plans to Go Green

Donald Trump looked to the U.S. Rust Belt to explain why he’s withdrawing from the global effort to fight climate change, saying, “I was elected to represent the citizens of Pittsburgh, not Paris.” The thing is, the people of Pittsburgh are going green. Pittsburgh mayor, William Peduto, issued a statement decrying Trump’s decision to quit […]

June 2 2017

United Against Trump, CEOs and Politicians Push Ahead on Climate

Donald Trump’s plan to scrap U.S. involvement in the world’s broadest deal on global warming may actually have the opposite effect, galvanizing countries, businesses and even U.S. states, to double down on stopping pollution. The U.S. president on Thursday sided with the interests of coal miners, who dig up the dirtiest fossil fuel, as he […]

June 2 2017

Brazil Plots Steady Clean-Energy Course Amid Political Turmoil

Brazil is taking steps to promote new renewable-energy projects as the government seeks to reassure the industry that political turmoil won’t threaten current power policies. The country will organize at least one power auction for clean-energy projects this year, according to Eduardo Azevedo, secretary of energy planning and development at the Ministry of Mines and […]

June 2 2017

Here’s How Trump’s Paris Plan May Hurt the EU Carbon Market

President Donald Trump’s plan to exit the Paris climate accord is seen curbing the willingness of European Union lawmakers to tackle low carbon prices. Europe will probably need to focus on protecting its industry from economic costs the U.S. now won’t bother with, said Andrei Marcu, a senior fellow at the International Centre for Trade […]

June 2 2017

Top Russia Oil Boss Scorns Tesla, Electric Cars as Overrated

The day after President Donald Trump said the U.S. will exit from the Paris climate deal, the Russian chief of the world’s largest listed oil producer by output is taking on electric cars.  Igor Sechin, chief executive officer of Rosneft PJSC, called manufacturers including Elon Musk’s Tesla Inc. overvalued and said electric cars are “not […]

June 2 2017

Trump’s Toughest Climate Foe Taking Clean-Air Crusade to China

With President Donald Trump’s withdrawal from the Paris climate pact, the leader of the U.S. state with the strictest clean-car rules is turning toward Beijing in his longtime mission to stem automotive pollution. California Governor Jerry Brown departs Friday for China, where he’ll urge the world’s most populous country and largest car market to take […]