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"'Free-For-All' Used Car Export Threatens Climate Goals"

"Replacing gasoline cars with electric vehicles is a pillar of President Biden's strategy for tackling climate change. But even if the administration sets a deadline to sunset sales of gas-powered passenger vehicles, the export of used cars abroad could stall the global reductions needed to stave off catastrophic warming."

Source: E&E News, 05/20/2021

"Banks Always Backed Fossil Fuel Over Green Projects — Until This Year"

"In more than five years since the world agreed to limit warming temperatures, banks have poured more than $3.6 trillion into fossil fuel—almost three times more than total bonds and loans backing green projects, according to Bloomberg data. Now this enduring disparity favoring oil, gas and coal producers might finally be at an end."

Source: Bloomberg Green, 05/20/2021

"Nations Must Drop Fossil Fuels, Fast, World Energy Body Warns"

"Nations around the world would need to immediately stop approving new coal-fired power plants and new oil and gas fields and quickly phase out gasoline-powered vehicles if they want to avert the most catastrophic effects of climate change, the world’s leading energy agency said Tuesday."

Source: NYTimes, 05/19/2021

"Biden Makes Electric Pitch At Ford Plant: 'There's No Turning Back'"

"Visiting the Ford Motor Co. Rouge Electric Vehicle Center Tuesday, President Joe Biden presented an American auto industry at a crossroads, forced to choose between two options: Spend around $174 billion and speed ahead to dominate the burgeoning electric vehicle market, or cede the race to China."

Source: Detroit News, 05/19/2021

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