Headline News:

  • “GE Bet On Fossil Fuels, Lost Nearly $200 Billion Misjudging Renewable Energy Transition, Study Says” • General Electric’s profitability collapse over the past few years can be largely attributed to the company’s inability to judge the accelerating pace of the global energy transition away from fossil fuels and toward renewables, a study claims. [Electrek]

GE Haliade-X turbine

  • “GM Claims It Can Sell Affordable Electric Cars That Are Profitable” • GM president Mark Ruess told an audience at the UBS Global Industrials and Transportation Conference that GM will soon be able to sell electric cars at “very average transaction prices.” He said GM’s EVs are being engineered to make money at low cost. [CleanTechnica]
  • “Michael Bloomberg Promises $500 Million To Help End Coal” • Michael R. Bloomberg, the former mayor of New York City, will donate $500 million to a new campaign to close every coal-fired power plant in the United States and halt the growth of natural gas, his foundation said. The campaign will focus on state and local governments. [The New York Times]
  • “Navajo Tribal Utility Authority To Receive $94 Million Loan Supporting Renewable Energy” • The Navajo Generating Station is expected to close in December 2019, and the Four Corners region is transitioning from coal to renewables. A $94 million loan from USDA to build a solar farm should help the transition. [Utah Public Radio]
  • “Large Ebola Outbreaks New Normal, Says WHO” • The world is entering “a new phase” in which large outbreaks of deadly diseases like Ebola are a “new normal,” according to the World Health Organization. Climate change, rainforest exploitation, emerging diseases, population pressures are among the issues making outbreaks worse. [BBC]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

Source: Green Events

June 7 Green Energy News