Business > Climate

Gas car sales ‘have already peaked and may never recover' as battery prices plunge

11 days ago   |   By

Plunging battery prices are bringing the age of gasoline-powered cars to an end faster than anyone expected, according to a new report from Bloomberg NEF. That means peak oil demand will also arrive sooner than expected - which in turn means ambitious climate goals will be more affordable than previously thought.
“Sales of internal combustion passenger vehicles have already peaked, and may never recover,” BNEF's Electric Vehicle Outlook 2019 finds.
Electric vehicle sales are now seriously eating into internal combustion engine vehicle sales - and that trend is projected to accelerate in...
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The Latest: Colorado starts work on new oil and gas rules

The Latest: Colorado starts work on new oil and gas rules

11 days ago   |   By

The Latest on Colorado's new oil and gas rules : 10:45 a.m. Environmentalists and community activists are asking Colorado regulators to stop issuing new oil and gas drilling...
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Sarah Huckabee Sanders defended Trump's recent support of Kim Jong Un...

Sarah Huckabee Sanders defended Trump's recent support of Kim Jong Un, saying they agree on Biden

In an interview with NBC News , White House press secretary Sarah Huckabee Sanders defended President Trump for agreeing with Kim Jong Un's comments about Joe Biden. Trump said... Read more ...

Alexandria Ocasio-Cortez attacks former Trump aide Hope Hicks for...

Alexandria Ocasio-Cortez attacks former Trump aide Hope Hicks for 'considering participating in a coverup led by the President'

Rep. Alexandria Ocasio-Cortez criticized the New York Times on Sunday for writing that former White House aide Hope Hicks is facing an "existential question" over whether to... Read more ...

Trump and Prime Minister Abe took a smiling golf course selfie during the...

Trump and Prime Minister Abe took a smiling golf course selfie during the president's flying visit to Japan

Donald Trump and his Japanese counterpart, Prime Minister Abe Shinzo, posed for a rare world leader selfie while playing golf during the president's brief trip to Japan... Read more ...

Meet the Iraq War veteran and presidential candidate who wants to carry on...

Meet the Iraq War veteran and presidential candidate who wants to carry on John McCain's legacy of public service for a new generation

Democratic Rep. Seth Moulton of Massachusetts is running in the 2020 US presidential election. Moulton, a former Marine Corps infantry officer and combat veteran, carried his... Read more ...

Indy 500 purse: How much does the winner make in 2019? List of payouts...

Indy 500 purse: How much does the winner make in 2019? List of payouts, prize money

The Indy 500 purse is large enough that the race winner will make seven figures in prize money, and the driver who finishes in last place will still make six figures. Read more ...

Trump's tariffs are inflicting pain and uncertainty across the market...

Trump's tariffs are inflicting pain and uncertainty across the market. Comments from very different American companies show how

The US-China trade war has taken a toll on multinational companies' bottom lines and has injected an element of uncertainty into business planning. An analysis of executives'... Read more ...

Trump says he 'smiled' when Kim Jong Un insulted Joe Biden, wasn't...

Trump says he 'smiled' when Kim Jong Un insulted Joe Biden, wasn't 'disturbed' by North Korean missile tests even though his advisers were

President Donald Trump tweeted Saturday that he wasn't "disturbed" by recent North Korean missile tests, even though his advisers were. He said he has "confidence" in North... Read more ...

Stan Lee's Ex-Manager Arrested For Elder Abuse

Stan Lee's Ex-Manager Arrested For Elder Abuse

A former business partner and caretaker for comic book legend Stan Lee has been charged with elder abuse, the Los Angeles Police Department said Saturday. Lee died in November... Read more ...

World Health Organization classifies ‘gaming disorder' as an illness

World Health Organization classifies ‘gaming disorder' as an illness

The World Health Organization moved forward with a proposal to classify "gaming disorder" as an illness. The game industry opposed the move. Read more ...

Democrats are moving toward impeaching Trump, despite strong evidence it...

Democrats are moving toward impeaching Trump, despite strong evidence it could hurt them in 2020

At least 35 House Democrats have expressed support for starting an impeachment inquiry into President Donald Trump . House Speaker Nancy Pelosi is under increasing pressure to... Read more ...