Environment

Karma Automotive has raised a $100 million lifeline from outside investors, as reported by Bloomberg, with the struggling electric vehicle maker’s fortunes likely buoyed by the current market optimism on other EV companies including Tesla. Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014.
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Tesla’s 2014 acquisition of SolarCity turned the electric vehicle manufacturer into the undisputed largest player in residential solar, but that lead has steadily eroded as its major competitor, Sunrun, surged ahead with more aggressive plans. Now with the $3.2 billion dollar acquisition of the residential solar installation company, Vivint Solar, Sunrun looks to solidify its
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DroneBase, a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies. While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services. Even
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(Reuters) – Six European Union countries, including Germany, France and the Netherlands, have called for EU legislation and increased funding to support hydrogen, a low-carbon technology in line for cash from the bloc’s coronavirus recovery fund. FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, February 19, 2020. REUTERS/Yves Herman/File
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(Reuters) – Agriculture Secretary Sonny Perdue on Friday unveiled what he called a “blueprint” for enabling energy extraction, mining, grazing and logging in federal forests by speeding up environmental reviews and permitting. FILE PHOTO: U.S. Secretary of Agriculture Sonny Perdue holds a U.S. flag-themed face mask while speaking about the nation?s food supply chain during
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BRASILIA (Reuters) – Deforestation in Brazil’s Amazon rainforest rose for a 13th consecutive month in May, government data showed on Friday, despite President Jair Bolsonaro’s deployment of the military to fight soaring environmental destruction in the region FILE PHOTO: FILE PHOTO: An aerial view shows a deforested plot of the Amazon near Porto Velho, Rondonia
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