Write-downs of power plants, auto factories and fossil-fuel reserves could cause big losses in the transition to renewable energy
At the end of 2019, General Motors Co. announced a $1 billion investment to produce a new generation of Chevrolet Colorado and GMC Canyon pickup trucks at its factory in Wentzville, Mo.
Just over a year later, GM said it would go all electric by 2035. Analysts are worried that some of the new Wentzville machinery could end up on the scrap heap, adding to a multitrillion-dollar pile of assets that will lose value as the country shifts away from fossil fuels.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Moms write K-pop-inspired opera celebrating pandemic lockdowns endingRene Orth and Kanika Ambrose, who were new moms during the pandemic, wrote 'TakTakShoo,' an opera about emerging from lockdown, for Opera Philadelphia.
Lire la suite »
The Air and the Water and the Conservative Majority on the Supreme CourtOn the latest Amicus: There’s a new climate for environmental law at the Supreme Court.
Lire la suite »
What Cuba’s March for Change Revealed About the Future of the CountryThe protests yesterday may have been thwarted, but that doesn’t mean there aren’t signs of change.
Lire la suite »
Despite lingering questions in Senate, House Democrats project confidence in Build Back Better plan's chancesHouse Democratic leadership expressed confidence that the $2 trillion Build Back Better spending bill would pass the Senate without major changes despite a lack of commitment from centrist Democrats in the chamber.
Lire la suite »
Cheryl pays tribute to late bandmate Sarah Harding on her 40th birthday'Memories may be all we're left with, but they're enough to last a lifetime.'
Lire la suite »
A Cold Start To Thanksgiving Week Will Spawn Climate Change IlliteracyA cold start to Thanksgiving week in the U.S. will bring out the 'climate change isn't real' narrative. Here's why it happens.
Lire la suite »