White House launches clean energy effort, $100 million in technology funding

2/2 © Reuters. FILE PHOTO: Solar panels are seen on a parking garage in Palm Springs 2/2 By Valerie Volcovici WASHINGTON (Reuters) – The Biden administration on Thursday announced the U.S. Department of Energy will offer $ 100 million in funding to support low-carbon energy technologies and create a working group to aid their development […]

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GM hits reverse on Trump effort to bar California emissions rules

© Reuters. FILE PHOTO: Mary Barra , chairwoman and CEO of General Motors Company. By David Shepardson WASHINGTON (Reuters) – General Motors Co (NYSE:) said on Monday it was reversing course and will no longer back the Trump administration’s effort to bar California from setting its own emissions rules in an ongoing court fight. GM […]

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U.S. EPA chief challenges California effort to mandate zero emission vehicles in 2035

© Reuters. Justice Department news conference By David Shepardson and Nichola Groom WASHINGTON/LOS ANGELES (Reuters) – The head of the U.S. Environmental Protection Agency (EPA) on Monday questioned California Governor Gavin Newsom’s plan to require all new passenger vehicle sales in 2035 be zero-emission models, according to a letter seen by Reuters. EPA Administrator Andrew […]

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In rescue effort, Fed has broad stake in corporate America’s fortunes

By Dan Burns and Ann Saphir (Reuters) – The U.S. central bank now has a stake in the fortunes of a broad swath of corporate America after buying about $ 1.3 billion of bond funds with debt issued by firms in all walks of the world’s biggest economy, from Apple Inc (O:) to a clutch […]

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South Korea says will make all-out effort to prevent credit crunch

SEOUL (Reuters) – South Korea’s government will make an all-out effort to prevent market volatility from turning into a credit crunch as the coronavirus pandemic hammers stocks and bonds across emerging economies, its vice finance minister said on Monday. Kim Yong-beom also said a new task force within the finance ministry will hold a policy […]

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