Canada will offer a substantial incentive to companies that invest in carbon-capture technologies and will set aside as much as C$3.8 billion ($3 billion) over eight years to accelerate critical mineral exploration, extraction and processing as it seeks to cut carbon emissions. In this year’s budget presented on Thursday, Canada is introducing a 60 percent […]
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Rio Tinto, General Motors and even the U.S. Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries. Now those technologies just have to prove they work on a commercial scale. If they do, miners will be able to boost global lithium […]
U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. In a speech on digital assets policy released by the Treasury, Yellen said that in many cases regulators already […]
Toyota Motor Corp unit Woven Planet is following the lead of Tesla Inc in trying to advance self-driving technology with low-cost cameras. Woven Planet told Reuters it is able to use cameras to collect data and effectively train its self-driving system, a “breakthrough” that it hopes will help drive down costs and scale up the […]
The White House held a classified briefing on Wednesday with some U.S. lawmakers on the dire risks to the American economy from semiconductor supply chain issues as it pushes Congress for $52 billion in funding to subsidize production. White House National Economic Council Director Brian Deese told reporters “the best estimates are the lack of […]
The U.S. dollar’s share of world currency reserves continues to ebb slowly – but reserve stashes are only one measure of its dominance of global finance, and there’s no realistic scenario where that gets derailed any time soon. Central banks and private businesses need their rainy day funds to be in liquid assets that are […]
Pitchers and catchers this season will be able to use a new wearable technology that allows them to communicate what pitch to throw next in an effort to minimize sign stealing and speed the pace of play, Major League Baseball said on Tuesday. “PitchCom” equips the catcher with an electronic transmitter on his wrist that […]
Twitter Inc said on Tuesday it will offer Elon Musk a seat on its board of directors, a position the Tesla boss and entrepreneur plans to use to bring about significant improvements at the social media site after disclosing a sizeable holding. Musk reported in a regulatory filing on Monday that he had amassed a […]
Drastic cuts to fossil fuel use. Growing forests and eating less meat. These are just some of the actions needed in this decade to contain global warming to 1.5 degrees Celsius above preindustrial temperatures, a major report by the U.N. climate science agency said Monday. Despite climate change warnings issued by the Intergovernmental Panel on […]
The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine. Defensive sectors, such as utilities and healthcare, lagged. Shares of […]