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 … Read more

NATO outlines climate strategy amid Russia’s war in Ukraine

A naval exercise led by US Naval Forces Europe-Africa, and executed by the NATO Naval Striking and Support Forces, in the Baltic Sea on June 6, 2022. Russia’s onslaught in Ukraine is almost certain to eclipse other security concerns at NATO’s Madrid summit this week. Jonathan Nackstrand | afp | Getty Images The super-polluting military … Read more

Exxon Mobil CEO Darren Woods on energy transition, gas prices

Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.” The national average price for a gallon of gasoline is currently nearly $5, causing strife for all drivers, according to AAA. In an interview with CNBC’s David Faber, Woods cautioned against a government policy … Read more

Toyota issues recall for electric SUV following concerns about wheels

Toyota’s bZ4X electric sport utility vehicle photographed in Chiba Prefecture, Japan, on Feb. 24, 2022. The Japanese automotive giant has issued a safety recall related to the bZ4X’s wheels. Kiyoshi Ota | Bloomberg | Getty Images Japanese automotive giant Toyota issued a safety recall for more than 2,000 of its all-electric SUV, the bZ4X. Announced … Read more

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisition company, or SPAC. Polestar’s stock began trading on the Nasdaq exchange one day after it completed its merger with the SPAC Gores Guggenheim. The … Read more

The race to make green hydrogen competitive is on

One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images Siemens Energy and Air Liquide have announced plans to set up a joint … Read more

World’s largest hybrid ship to ferry passengers between UK, France

An artist’s impression of the Saint-Malo at sea. According to Brittany Ferries it will have a battery capacity of 11.5 megawatt hours. Brittany Ferries A ship set to carry passengers between the UK and France in the next few years will be the largest hybrid-vessel ever built, according to operator Brittany Ferries. In a statement … Read more

Canada’s Trans Mountain pipeline no longer profitable: Watchdog | Oil and Gas News

Canada’s contentious Trans Mountain pipeline is no longer profitable, a parliamentary budget watchdog has found, as the expansion project on the country’s west coast has faced years of delays, skyrocketing costs, and opposition from local communities. In a report on Wednesday, the Office of the Parliamentary Budget Officer said the Canadian government’s 2018 decision “to … Read more

What that means for prices

President Joe Biden called on Congress Wednesday to temporarily suspend the federal gas tax, as he tries to quell the rapid surge in prices at the pump. While experts say a suspension could provide some immediate relief, it could also keep demand elevated, thereby exacerbating tight supply. Consumers are getting hit with higher prices everywhere, … Read more

Nairobi hosts UN biodiversity talks aimed at ’30 by 30′ push | Environment News

The UN is asking countries to designate 30 percent of their land and sea areas for conservation by 2030. United Nations negotiators have begun talks in Nairobi towards reaching a new global pact for protecting nature and wildlife, after a previous round of talks in March failed to make progress. With scientists warning that an … Read more