Climate

Lordstown Motors expects limited production and deliveries of electric pickup in 2022

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed plans to begin commercial production of its first vehicle this quarter and roll out the first …

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EV maker Lucid again cuts production targets as logistics challenges cripple output

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Electric vehicle maker Lucid Group again cut its production targets …

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Israeli lidar maker Innoviz wins $4 billion Volkswagen contract for millions of sensors

In this photo illustration a Innoviz Technologies logo is displayed on a smartphone. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Israeli lidar maker Innoviz announced Tuesday it has won a contract to supply lidar units and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4 billion …

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Oil major BP boosts dividend as quarterly profits jump on high commodity prices

A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images LONDON — U.K. oil giant BP on Tuesday reported bumper second-quarter profits, benefitting from a surge in commodity prices. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $8.5 billion. That compared …

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Amazon’s climate pollution is getting way worse

Amazon’s greenhouse gas emissions ballooned big time last year despite the company’s efforts to sell itself as a leader in climate action. Its carbon dioxide emissions grew an eye-popping 18 percent in 2021 compared to 2020, according to its latest sustainability report. Amazon generated 71.54 million metric tons of carbon dioxide equivalent last year, about …

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Ford CEO offers more clues about automaker’s ambitious electric vehicle plans

Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a year in just four years. This week, the Detroit automaker gave investors a little more clarity about how it plans to …

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