Business

Subterms

    More stories

    • 150 Shares129 Views

      in US Politics

      Hemp: the green crop tied down by red tape in the US

      by

      Hemp: the green crop tied down by red tape in the USStalky plant is not approved as a livestock feed, holding back a sustainable industry that could invigorate agricultureKen Elliott runs a hemp oilseed and fiber processing facility in Fort Benton, Montana. His company, IND Hemp, grinds up the stalky plant so that it can be used for a variety of purposes, such as snacks, grain, insulation and paper. About 20 truckloads of spent biomass lie in heaps on his property.Elliott estimates he could make a couple million dollars if he sold this leftover stuff as livestock feed. Hemp seedcake would make a great substitute for alfalfa – rich in fatty acids, proteins and fiber. His cattle rancher buddies are hit hard by the soaring costs of hay and would love to get their hands on this alternative. One buffalo herder wanted to buy the whole lot.But Elliot can’t sell to them. He can’t even give it away for free. That’s because when the 2018 Farm Bill took hemp off the list of controlled substances, hemp as commercial livestock feed was not approved.‘Filling in the gaps’ for food access: women-run farms rethink California agricultureRead moreThe Food and Drug Administration (FDA) has approved hempseed and its meal and oil for human consumption. A variety of hemp snacks for pets are allowed on the market, because they don’t constitute the main part of the diet. But you can’t give hemp as feed to farm animals that produce eggs, meat and milk for sale, until tests prove it is safe and nutritious to pass along the food chain.In other words, Elliott can serve hemp products to his baby grandchild. Or to a cat. But not to 2,000lbs steer. And that’s bad for the American farmer, he says. “Some of these guys have to sell their cattle and five-generation farms because they can’t afford hay and barley,” Elliott says. “Why wouldn’t you want to help them?”Hemp industry advocates say this ban on livestock feed not only denies livestock farmers necessary relief, but is also denying the $80bn American feed sector an inexpensive product during a time of global grain shortages. And it is hindering a nascent green industry that could invigorate American agriculture while also saving the environment.The type of hemp in question is not the flowery plant that yields CBD. The bamboo-like “industrial” variety processed by Elliott has greater potential to be a commodity. Its woody core, grain (seeds) and fiber have 25,000 uses. They include dietary ingredients, textiles, biofuel, bioplastics, mulch, lubricants, paints and construction materials.Industrial hemp is also a dream sustainable crop. It requires less water than similar plants and sequesters carbon. It can grow in nearly every climate, with up to two harvests a year. Hemp also regenerates the soil, absorbs toxic metals and it resists pests, mold and fire.But this sector is stymied by the federal government’s linkage of hemp to its cousin, marijuana. Both come from the cannabis sativa plant, but industrial hemp has none or negligible quantities of tetrahydrocannabinol, THC, the main psychoactive compound in marijuana.Nonetheless, hemp is highly regulated. Growers must be fingerprinted and background-checked. They must spend thousands of dollars for tests that prove their harvests contain less than 0.3% THC. Anything above that fraction must be destroyed.Further burdens are placed on those seeking approvals for commercial hemp livestock feed. (So far none have been granted on the federal level.) Manufacturers complain that with only a dozen FDA officials processing requests, applicants can wait up to six months for a response or for questions, which when answered require further waits. The process can take years.“The FDA responds to requests with very resistant language that creates a long back and forth,” says Andrew Bish, a harvesting equipment entrepreneur from Nebraska who helms the Hemp Feed Coalition advocacy group. He added that funding the clinical trials to prove safety can cost hundreds of thousands of dollars.Moreover, separate testing must be done for each species that would eat the feed. Data involving dairy cows, for instance, won’t suffice for beef cattle. Different research is required for chicken broilers and egg layers, and trout versus salmon.The FDA approval group is “woefully understaffed with a backlog of work”, Leah Wilkinson told a webinar in August that brought together regulators, hemp companies and university researchers. She is the vice-president of public policy at the American Feed Industry Association.“Many of these ingredients are stuck in an antiquated regulatory review process at the FDA, which has resulted in the US trailing its global competitors in bringing these products to the market.”Regulators on both the state and federal levels defend the process, however. They say animals metabolize food differently from humans, so a person snacking on hemp seeds might process the ingredient differently than a goat subsisting on it every day.“I understand the processors’ standpoint,” says Ian Foley, a plant regulatory official with Montana’s department of agriculture. “It’s a difficult burden to sponsor and pay for research. But the product must be beneficial as well as not cause harm. Everyone wants the safest ingredients, and I don’t think we’re there just yet.”While the US government treats hemp as a new product, it was historically a staple crop in America from the 1600s onwards, thriving especially in Kentucky. George Washington grew it. A draft of the Declaration of Independence was on hemp paper. But the 1937 Marihuana Tax Act debilitated the once-thriving industry, and then the 1970 Controlled Substances Act essentially killed it.With decriminalization five years ago, the industry had to jumpstart from scratch.This has cost the US market share in a global market estimated at more $4bn and expected to grow to over $17bn by 2030. Canada, China and Europe (particularly France) are big players. The US produced merely $824m worth of hemp in 2021, the last available figures.Stakeholders say that the animal feed issue is particularly stymying the industry.The only way around stringent federal restrictions is to win consent on the regional level, but the products cannot be transported or sold across state lines. Kentucky has approved feeding hemp-seed meal and oil to chickens and horses. In Montana, it can be given to non-production animals. Tennessee requires informing consumers in writing if hemp adulterants are added to feed.‘When in doubt, plant a nut tree’: the push to seed America with chestnutsRead moreThe Wenger Group of Lancaster, Pennsylvania, managed to get state approval to sell feed for chickens. Wenger, which produces about 2m tons of feed a year, first had to invest $400,000 to do a hemp feed study on the nearby Kreider Farms involving 800 hens and 120,000 eggs.The data found that hemp feed produced healthy yolks and weight, with no THC residue. “It was absolutely compelling and convincing that the ingredient was safe,” says Raj Kasula, the chief nutrition officer for Wenger.But getting the green light to sell was “unduly” time-consuming. “The process was delayed by objections and questions which were not worth the delay,” Kasula says. “Each time they come with a new set of questions. To their credit they are being very thorough but it’s a source of frustration.”Still, experts see hopeful baby steps and believe the first federal approval for egg-laying hens might come within a year.The US Department of Agriculture (USDA) has granted millions of dollars for clinical studies into hemp as animal feed through its National Institute of Food and Agriculture office.Panelists participating in the August webinar included scientists from universities across the country, including Texas, North Dakota, Ohio and Kentucky. They saw great potential for livestock, horses and fish.“I was blown away,” said Massimo Bionaz, an associate professor of dairy nutrigenomics at Oregon State University. “It has good fiber content, the protein is at the level of alfalfa, even better. We found it’s safe to feed this to animals.”Even if it won approvals for feed, the hemp industry must convince farms farmers to grow industrial hemp, says Bish. After the 2018 legalization, most hemp growers planted the CBD type. Many went bust due to an ensuing glut and are reluctant to pivot to industrial hemp even though it has more potential as a cash crop.How America’s most enigmatic fruit is making a comebackRead moreOne reason is the paucity of processing facilities. What with soaring freight costs, the handful of facilities that are scattered across the country lie too far away for most farmers to transport the bulky product. Prospective processors baulk at investing in multimillion-dollar machinery without enough raw supply of hemp.“It’s a chicken and egg story, so there’s no economy of scale,” says Bish.Hemp stakeholders are pinning hopes on Congress, which is due to renew the Farm Bill this year. They are lobbying for exemptions to make it easier to produce hemp fiber and grain, such as lifting the 0.3% THC limit. They also seek more Congressional funding to boost the number of FDA staff processing feed applications.Meanwhile, progress remains glacial. “I would like to see more collaboration between the FDA and the industry to come up with clear guidelines to make the application process more efficient,” says Kasula. “Other countries are moving forward, and we need to reinvent the wheel.”TopicsAgricultureCannabisUS politicsMontanafeaturesReuse this content More

    • 150 Shares119 Views

      in US Politics

      Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank

      by

      Joe Biden nominates former Mastercard boss Ajay Banga to lead World BankUS president puts forward choice to oversee new focus on climate crisis after resignation of Trump appointee David MalpassJoe Biden has nominated a former boss of Mastercard with decades of experience on Wall Street to lead the World Bank and oversee a shake-up at the development organisation to shift its focus to the climate crisis.The US president’s choice of Ajay Banga, an American citizen born in India, comes a week after David Malpass, a Donald Trump appointee, quit the role.The World Bank’s governing body is expected to make a decision in May, but the US is the Washington-based organisation’s largest shareholder and has traditionally been allowed to nominate without challenge its preferred candidate for the post.Malpass, who is due to step down on 30 June, was nominated by Trump in February 2019 and took up the post officially that April. He is known to have lost the confidence of Biden’s head of the US Treasury, Janet Yellen, who with other shareholders wanted to expand the bank’s development remit to include the climate crisis and other global challenges.Malpass upset the Biden administration when he appeared to question the extent to which humans had contributed to global heating.World Bank chief resigns after climate stance misstepRead moreBiden said he wanted Banga to use his decades of experience on Wall Street to support private-sector lending to countries in the developing world.“Ajay is uniquely equipped to lead the World Bank at this critical moment in history. He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organisations through periods of fundamental change,” the president said.“He has a proven track record managing people and systems, and partnering with global leaders around the world to deliver results,” he added.Anti-poverty groups are expected to question Banga’s commitment to fighting the climate crisis using private sector funds. Several countries have defaulted on foreign loans, in effect declaring themselves bankrupt, and are locked in negotiations with banks and other private-sector lenders to reduce their debts.The World Bank said the first criterion for a future president was “a proven track record of leadership and accomplishment, particularly in development”.Banga has recently joined several bodies as a climate adviser. He became vice-chairman of General Atlantic’s climate-focused fund, BeyondNetZero, at its inception in 2021.Raised in India, Banga is expected to appeal to many developing world leaders as an executive bringing financial acumen to the job and a strong relationship to the Biden administration.skip past newsletter promotionafter newsletter promotionThe World Bank’s board has rebutted previous criticism of its commitment to reducing global heating, saying that climate finance doubled under Malpass from $14bn (£12bn) in 2019 to $32bn last year.John Kerry, Biden’s climate envoy, said Banga was “the right choice to take on the responsibilities of the World Bank at this critical moment”.He said it would allow the World Bank to “mobilise capital to power the green transition”.Manish Bapna, chief executive of the research organisation, the Natural Resources Defense Council, said Banga would need to be a “transformative leader with a clear vision for ambitious climate action” who must prevent the world’s most vulnerable people from being “forced to pay a price they can’t afford for a crisis they didn’t cause”.TopicsWorld BankGlobal economyJoe BidenBiden administrationUS politicsnewsReuse this content More

    • 125 Shares169 Views

      in US Politics

      Republicans in the US ‘battery belt’ embrace Biden’s climate spending

      by

      Republicans in the US ‘battery belt’ embrace Biden’s climate spending Southern states led by Republicans did not vote for climate spending, but now embrace clean energy dollars like never beforeGeorgia, a state once known for its peaches and peanuts, is rapidly becoming a crucible of clean energy technology in the US, leading a pack of Republican-led states enjoying a boom in renewables investment that has been accelerated by Joe Biden’s climate agenda.Since the passage of the Inflation Reduction Act (IRA) in August, billions of dollars of new clean energy investment has been announced for solar, electric vehicle and battery manufacturing in Georgia, pushing it to the forefront of a swathe of southern states that are becoming a so-called “battery belt” in the economic transition away from fossil fuels.Biden’s climate bill victory was hard won. Now, the real battle startsRead more“It seems like all roads are currently leading to Georgia, it’s really benefiting disproportionately from the Inflation Reduction Act right now,” said Aaron Brickman, senior principal at energy research nonprofit RMI. Brickman said the $370bn in clean energy incentives and tax credits in the bill are a “complete game changer. We’ve just frankly never had that before in this country. The IRA has transformed the landscape in a staggering way”.Georgia is part of a pattern where Republican-headed states have claimed the lion’s share of new renewable energy and electric vehicle activity since the legislation, with Republican-held Congressional districts hosting more than 80% of all utility-scale wind or solar farms and battery projects currently in advanced development, according to an analysis by American Clean Power.States blessed with plentiful wind and sunshine, along with significant rural and industrial communities, such as those across the Great Plains and the south, appear best positioned to capitalize on the climate bill. Texas, already a bastion of wind power, could see $131bn in IRA-linked investment this decade, Florida may see $62bn and Georgia $16bn, according to an RMI analysis.The irony of this bonanza, which is coming despite no Republican voting for the climate spending, was alluded to by Biden in his recent state of the union address. “My Republican friends who voted against it – I still get asked to fund the projects in those districts as well,” the US president said, to jeers from some members of Congress. “But don’t worry, I promised I’d be a president for all Americans. We’ll fund these projects and I’ll see you at the groundbreaking.”Beeswarm bubble chart of states’ IRA climate investmentsA mixed political groundbreaking did take place in Georgia in October, when Brian Kemp, the Republican governor, was served champagne by a robotic dog before ceremonially shoveling dirt alongside Democratic senators Raphael Warnock and Jon Ossoff to kick off Hyundai’s first dedicated electric vehicle plant in the US.The $5.5bn facility in Bryan county, which will create around 8,000 jobs when it opens in 2025, came about because “we heard the clarion call of this administration to hasten the adoption of new electric vehicles and reduce carbon emissions”, according to José Muñoz, Hyundai’s global president.Ossoff told the Guardian he has long held a vision that Georgia “should be the advanced energy innovation and manufacturing hub for the US” and credits a bill he wrote, the Solar Energy Manufacturing for America Act, which was then folded into the IRA, for helping convince Hanwha Qcells, another South Korean-owned company, to commit $2.5bn for two new solar panel factories in the state in January.“This targeted legislation was by no means a foregone conclusion but passing it has opened the floodgates in Georgia,” Ossoff said. Democrats have touted the bill for not only helping tackle the climate crisis but also as a way to wrest the initiative from China, which has dominated the manufacturing of parts for clean energy systems and electric cars until now.Georgia’s embrace of clean energy technology was underway before the IRA, with Atlanta, bolstered by leading renewables research at Georgia Tech, increasingly viewed as an innovative fulcrum. In 2021, Freyr, a Norwegian company, announced a $1.7bn battery plant for Coweta county, south of Atlanta, while SK Battery, yet another South Korean-owned firm, said last spring it will hire another 3,000 workers at its battery factory in Commerce, north-east of Georgia’s capital.Rivian, the electric car company, meanwhile is keen to build a sprawling $5bn facility east of Atlanta although it has faced opposition from some residents in the small town of Rutledge, who have sued to stop the development.But last year’s IRA, with its sweeping tax incentives for emissions-reducing technologies, has made the environment even more enticing. Scott Moskowitz, head of market strategy for Qcells said that Georgia has been a “great home” since 2019 but that the IRA is “some of the most ambitious clean energy policy passed anywhere in the world” and gave the Hanwha-owned company certainty to triple capacity at its site in Dalton, which already cranks out around 12,000 solar panels a day, as well as create a new complex in Cartersville that will manufacture ingots and wafers, the basic building blocks of solar panel components, made from poly silicon.“There’s a ton of opportunity and excitement in [the] clean energy sector right now,” Moskowitz said. “We’ve always had strong support from both sides of the aisle, even if there hasn’t always been agreement.”Map of recently announced clean energy projects in GeorgiaBarry Loudermilk, a Republican congressman whose House of Representatives district includes Cartersville, denied that the rush of investment is politically awkward for the GOP, accusing Biden of an “elementary school-level response” to the issue in his state of the union speech.“I’m not against this industry and I’m all about bringing in new technology, but it has to be market-driven,” Loudermilk told the Guardian. “When the government heavily subsidizes something it will crest and then fall down because the market hasn’t matured.“We aren’t ready for this (full EV and clean energy adoption). This is just subsidizing one industry over another and just throwing taxpayer dollars at something usually just leads to failure, and sets you back a decade.”Georgia is a draw for businesses due to its relatively low tax rate, transport links -including Atlanta’s busy airport and Savannah’s deep port – and a diverse and adept pool of workers, according to Loudermilk. “The days of the backwoods country bumpkin are in the past, we have educated, skilled workforce,” he said.It’s uncertain whether Loudermilk will be at the Cartersville groundbreaking, nor Marjorie Taylor Greene, the far-right extremist who represents the neighboring congressional district that includes Dalton. Greene has previously said the IRA is an “energy disaster” and erroneously said that global heating is “actually healthy for us”, although she has said she welcomes any new jobs to Georgia.Warned of ‘massive’ climate-led extinction, a US energy firm funded crisis denial adsRead moreKemp, meanwhile, has offered state-level incentives for firms to set up in Georgia, while denouncing Democrats for “picking winners and losers” with the national climate bill. The governor recently pitched his state as a destination for clean tech investment at Davos and has denied any hypocrisy in his stance.“Georgia is a destination state for all manner of new jobs and opportunity despite the bad policies coming out of DC – not because of them,” said a spokesman for Kemp. “Companies are choosing Georgia over places like New York and California because they know they’ll find success here, not because of the IRA.”Even if the causes for the renewables investment are in dispute, the trajectory of the transition is becoming more undeniable. As the cost of renewables continues to plummet and more Americans turn to electric cars, thanks in part to the “unprecedented scale” of the IRA, partisan divides on the issue may soften, according to Ashna Aggarwal, an associate at RMI, the energy research nonprofit.“This is a bill that benefits everyone and it actually benefits the people who weren’t necessarily in favor of the bill the most,” Aggarwal said.“I think what’s really exciting about the clean energy economy is that party lines don’t really matter here. There’s more opportunity for Republican states and I hope that Republican policymakers see that and really think this is good for the people who are living in our states.”TopicsRenewable energyEnergyClimate crisisGeorgiaUS politicsBiden administrationEnergy industryfeaturesReuse this content More

    • 138 Shares129 Views

      in US Politics

      Tesla recalls 362,000 vehicles over self-driving software flaws that risk crashes

      by

      Tesla recalls 362,000 vehicles over self-driving software flaws that risk crashesRegulators say driver assistance system does not adequately adhere to traffic safety laws and can cause crashes Tesla said it would recall 362,000 US vehicles to update its Full Self-Driving (FSD) Beta software after regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes.The National Highway Traffic Safety Administration (NHTSA) said the Tesla software allows a vehicle to “exceed speed limits or travel through intersections in an unlawful or unpredictable manner increases the risk of a crash”.Tesla will release an over-the-air (OTA) software update free of charge, and the electric vehicle maker said is not aware of any injuries or deaths that may be related to the recall issue. The automaker said it had 18 warranty claims.Tesla shares were down 1.6% at $210.76 on Thursday afternoon.The recall covers 2016-2023 Model S, Model X, 2017-2023 Model 3, and 2020-2023 Model Y vehicles equipped with FSD Beta software or pending installation.NHTSA asked Tesla to recall the vehicles, but the company said despite the recall it did not concur in NHTSA’s analysis. The move is a rare intervention by federal regulators in a real-world testing program that the company sees as crucial to the development of cars that can drive themselves. FSD Beta is used by hundreds of thousands of Tesla customers.The setback for Tesla’s automated driving effort comes about two weeks before the company’s March 1 investor day, during which Chief Executive Elon Musk is expected to promote the EV maker’s artificial intelligence capability and plans to expand its vehicle lineup.Tesla could not immediately be reached for comment.NHTSA has an ongoing investigation it opened in 2021 into 830,000 Tesla vehicles with driver assistance system Autopilot over a string of crashes with parked emergency vehicles. NHTSA is reviewing whether Tesla vehicles adequately ensure drivers are paying attention. NHTSA said on Thursday despite the FSD recall its “investigation into Tesla’s Autopilot and associated vehicle systems remains open and active.”Tesla said in “certain rare circumstances … the feature could potentially infringe upon local traffic laws or customs while executing certain driving maneuvers”.Possible situations where the problem could occur include traveling or turning through certain intersections during a yellow traffic light and making a lane change out of certain turn-only lanes to continue traveling straight, NHTSA said.NHTSA said “the system may respond insufficiently to changes in posted speed limits or not adequately account for the driver’s adjustment of the vehicle’s speed to exceed posted speed limits.”Last year, Tesla recalled nearly 54,000 US vehicles with FSD Beta software that may allow some models to conduct “rolling stops” and not come to a complete stop at some intersections, posing a safety risk, NHTSA said.Tesla and NHTSA say FSD’s advanced driving features do not make the cars autonomous and require drivers to pay attention.TopicsTeslaElon MuskUS politicsnewsReuse this content More

    • 163 Shares169 Views

      in UK Politics

      Centrica boss urged to waive £1.6m bonus – but refuses to discuss it

      by

      For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails The boss of British Gas owner Centrica has been urged to waive his £1.6m bonus, after the company’s “monster” record profits of £3.3bn sparked outrage among campaigners. Chief executive Chris […] More

    • 163 Shares169 Views

      in US Politics

      Trump pick for World Bank chief makes early exit after climate stance misstep

      by

      Trump pick for World Bank chief makes early exit after climate stance misstepDavid Malpass’ decision comes after running afoul of White House for failing to say whether he accepts global warming consensus World Bank president David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.Malpass, appointed by Donald Trump, will vacate the helm of the multilateral development bank, which provides billions of dollars a year in funding for developing economies, with less than a year remaining in a five-year term. He offered no specific reason for the move, saying in a statement, “after a good deal of thought, I’ve decided to pursue new challenges”.Treasury secretary Janet Yellen thanked Malpass for his service in a statement, saying: “The world has benefited from his strong support for Ukraine in the face of Russia’s illegal and unprovoked invasion, his vital work to assist the Afghan people, and his commitment to helping low-income countries achieve debt sustainability through debt reduction.”Yellen said the United States would soon nominate a replacement for Malpass and looked forward to the bank’s board undertaking a “transparent, merit-based and swift nomination process for the next World Bank president”.By long-standing tradition, the US government selects the head of the World Bank, while European leaders choose the leader of its larger partner, the International Monetary Fund (IMF).Pressure to shake up the leadership of the World Bank to pave the way for a new president who would reform the bank to more aggressively respond to climate change has been building for over two years from the United Nations, other world leaders and environmental groups.In November 2021, special adviser to the UN secretary-general on climate change Selwin Hart called out the World Bank for “fiddling while the developing world burns” and said that the institution has been an “ongoing underperformer” on climate action.Pressure on Malpass was reignited last September when the World Bank chief fumbled answering a question about whether he believed in the scientific consensus around climate change, which drew condemnation from the White House.In November, special envoy on climate change John Kerry said he wants to work with Germany to come up with a strategy by the next World Bank Group meetings in April 2022 to “enlarge the capacity of the bank” to put more money into circulation and help countries deal with climate change.More recently, Yellen has launched a major push to reform the way the World Bank operates to ensure broader lending to combat climate change and other global challenges.Malpass took up the World Bank helm in April 2019 after serving as the top official for international affairs at US treasury in the Trump administration. In 2022, the World Bank committed more than $104bn to projects around the globe, according to the bank’s annual report.A source familiar with his thinking said Malpass had informed Yellen of his decision on Tuesday.The end of the fiscal year at the end of June was a natural time to step aside, the source said. The World Bank’s governors are expected to approve the bank’s roadmap for reforms with only minor changes at the spring meetings of the IMF and World Bank set for mid-April.Still, World Bank sources said they were surprised by his decision to step down before the joint meetings of the World Bank and the International Monetary Fund (IMF) in Morocco in October.TopicsWorld BankEconomicsGlobal economyUS politicsnewsReuse this content More

    • 150 Shares159 Views

      in US Politics

      Tesla to expand supercharger stations to all electric vehicles, White House says

      by

      Tesla to expand supercharger stations to all electric vehicles, White House saysFunding for the EV charging network comes from the infrastructure bill that allocates $7.5bn to the expansion The White House is partnering with Tesla to expand electric vehicle charging infrastructure in the US, with the company opening at least 7,500 of its chargers to all electric vehicles (EVs) by the end of 2024, the White House announced on Wednesday.Tesla charging stations currently use a certain power connector that require non-Tesla EVs to use an adapter. The White House said that Tesla will work to include at least 3,500 new and existing 250 kW superchargers along highways and level 2 destination chargers at locations like hotels and restaurants across the country. Tesla is also planning to double its network of superchargers.Electric car enthusiasts tantalized by new idea: converting old vehiclesRead moreThe Biden administration in 2021 set goals of having 50% of new vehicle sales in the country to be EVs and 500,000 EV chargers along highways by 2030. The US currently has around 3m EVs on the road and about 60,000 charging stations across the country.The administration’s goals “have spurred network operators to accelerate the buildout of coast-to-coast EV charging networks”, the White House said in a statement. “Public dollars will supplement private investment by filling gaps, serving rural and hard to reach locations and building capacity in communities.”Along with its partnership with Tesla, the White House is working with other companies, including car manufacturers like General Motors, Mercedes-Benz and Volvo, to build out more chargers. Rental car company Hertz is working with BP to bring chargers to Hertz locations in major cities. Hertz is planning to make one-quarter of its fleet electric by 2024.Funding for the EV charging network expansion comes largely from the bipartisan infrastructure bill passed in 2021. The bill allocates $7.5bn for charging infrastructure, including a $2.5bn community grant program. In September, the White House said that all 50 states have plans to build chargers using funding from the bill.The announcement of the White House’s partnership with Tesla comes after reports that Tesla CEO Elon Musk met with White House officials, though not with Biden himself, in late January. The Washington Post reported that Musk met with John Podesta and Mitch Landrieu, top White House aides charged with implementing Biden’s clean infrastructure policies, on 27 January.Musk has clashed with the administration and other Democrats, particularly over labor unions. In the past, Biden praised GM and Ford, both which work with unions, for their EV efforts over Tesla. In a tweet last year, Musk called Biden “a damp [sock] puppet in human form” after Biden praised GM and Ford for “building more electric vehicles here at home than ever before”.Landrieu told reporters that partnerships with companies, including Tesla, took “many, many months” and that Musk was “very open [and] very constructive” in meetings with the administration.TopicsElectric, hybrid and low-emission carsTeslaBiden administrationUS politicsnewsReuse this content More

    • 50 Shares189 Views

      in World Politics

      Breakfast with Chad: Posthumanism

      by

      The Fair Observer website uses digital cookies so it can collect statistics on how many visitors come to the site, what content is viewed and for how long, and the general location of the computer network of the visitor. These statistics are collected and processed using the Google Analytics service. Fair Observer uses these aggregate statistics from website visits to help improve the content of the website and to provide regular reports to our current and future donors and funding organizations. The type of digital cookie information collected during your visit and any derived data cannot be used or combined with other information to personally identify you. Fair Observer does not use personal data collected from its website for advertising purposes or to market to you.As a convenience to you, Fair Observer provides buttons that link to popular social media sites, called social sharing buttons, to help you share Fair Observer content and your comments and opinions about it on these social media sites. These social sharing buttons are provided by and are part of these social media sites. They may collect and use personal data as described in their respective policies. Fair Observer does not receive personal data from your use of these social sharing buttons. It is not necessary that you use these buttons to read Fair Observer content or to share on social media. More