Asia snubs IEA’s call to stop new fossil fuel investments
Asian energy officials on Wednesday disputed the International Energy Agency’s (IEA) call for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too narrow.
Biden pitches $174 bln EV plan in Michigan, takes truck for a spin
President Joe Biden made the case on Tuesday for his $174 billion electric-vehicle proposal, urging automakers not to build zero-emission vehicles abroad for U.S. consumers – and even got to take a new zero-emission truck out for a drive.
Senate Democrat proposes $52 billion for U.S. chips production, R&D
U.S. Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve $52 billion to significantly boost U.S. semiconductor chip production and research over five years.
Analysis: To tackle climate change, China must overhaul its vast power grid
One of the most pressing challenges for China to meet its pledge to cap carbon emissions this decade and pivot toward renewables is overhauling its electricity grid, the world’s largest, officials and analysts say.
IOC reassures anxious Japan Olympics will be safe
The International Olympic Committee (IOC) reassured an anxious Japan on Wednesday that the Tokyo Olympics would be safe for athletes as well as the host community, amid mounting opposition to the Games and fears it will fuel a spike in COVID-19 cases.
FTSE 100 drops as commodity stocks weigh, inflation doubles
London’s FTSE 100 slipped on Wednesday, dragged down by heavyweight commodity stocks, while a bigger-than-expected jump in inflation stoked fears that the central bank may tighten its monetary policy earlier than expected.
Bitcoin slides below $40,000 after China’s fresh crypto curbs
Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.
Berkshire sheds nearly all of Wells Fargo, a holding since 1989
Berkshire Hathaway Inc (BRKa.N) has sold nearly all of its holdings in Wells Fargo & Co (WFC.N), as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers.
Spanish study finds AstraZeneca vaccine followed by Pfizer dose is safe and effective
A Spanish study on mixing COVID-19 vaccines has found that giving a dose of Pfizer’s (PFE.N) drug to people who already received a first shot of AstraZeneca (AZN.L) vaccine is highly safe and effective, preliminary results showed on Tuesday.
Ditch new fossil fuel spending to reach net zero emissions – IEA
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels.
