Ford is getting $9.2 billion to develop three EV battery factories. The loan is a watershed moment in the US race to catch up with China on green tech.
It's by far the biggest government backing for an automaker since the bailouts in the 2009 financial crisis.
The new factories will eventually supply Ford's expansion into electric vehicles.
Three are already under construction in Kentucky and Tennessee through a joint venture called BlueOval SK, owned by the Detroit automaker and South Korean battery giant SK On.
Alaskan officials recently canceled the Bering Sea snow crab season for the first time ever after scientists discovered an unprecedented decline in crab numbers.
The decision to cancel both the Bering Sea snow crab and Bristol Bay red king crab seasons came as a devastating blow for local fisheries in a state where the seafood industry is an economic cornerstone trib.al/2Lbn0Pp
It’s not entirely clear what happened to all the snow crabs, but the animals are "sensitive to the loss of sea ice and really warm temperatures," an expert says trib.al/2Lbn0Pp
From solar power and electric cars, to grid-scale batteries and heat pumps—the world is crossing into a mass-adoption moment for green technologies trib.al/Aj17qEM
Bloomberg Green has identified 10 of those tipping points and analyzed which countries have crossed the threshold and how quickly those markets then expanded trib.al/Aj17qEM
It all starts with the transition to clean energy.
Now, 87 countries are drawing at least 5% of their electricity from wind and solar. The US hit 5% in 2011 and surged past 20% renewable electricity last year trib.al/Aj17qEM
The vast majority of electric cars and e-trucks are now expensive, high-trim versions packed with extra features.
Here's a look at the yawning gap between starting prices and average sticker prices
For example, in July, Ford's electric F-150 "Lightning" was priced at $80,400 on average — that's more than double the base price (and that's before dealership "market adjustment" fees)
Waterways are drying up due to droughts and heat waves that owe their origins to climate change.
These photos reveal what lies beneath normal water levels 🧵 bloom.bg/3RiwmEp
The world is fully in the grip of accelerating climate change, and it has a profound economic impact.
Losing waterways means a serious risk to shipping routes, agriculture, energy supplies — and drinking water
In Europe, rivers that have been critical to commerce for centuries are now shriveled, threatening the global movement of fuel, food and other commodities