October 19, 2021
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Africa Needs Electricity Now More Than Ever, Especially To Keep COVID-19 Vaccines Cold

Solar energy conjures up images of solar panels on rooftops. The depiction is especially true in Africa, where about 600 million people are without reliable access to power — power to keep the lights on and power to keep the COVID-19 vaccine frozen. Africa’s economy has experienced solid growth at an average of 3.7% throughout the continent. Tha...
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ExxonMobil’s Investor Magical Mystery Tour (Waiting To Take You Away!)

My Oxford colleague Professor Colin Mayer and I have written before about the campaign Engine No. 1, a new and small hedge fund, is waging against the oil and gas giant ExxonMobil. The purpose of their campaign is to place four directors on the board who can help the company create a business strategy that is both financially and environmentally su...
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Tesla Extends Profit Streak On Strong Q1 Sales Of Electric Car–And Pollution Credits

Tesla stayed profitable in the first quarter, posting earnings and revenue figures that topped consensus expectations, helped by the electric-car maker’s robust first-quarter vehicle deliveries and sales of pollution credits to other automakers. The company also said it’s targeting annual growth in deliveries of 50% a year. The Palo Alto, Califor...
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Gov. Newsom Orders End To New Fracking Permits In California In 2024

ToplineCalifornia Gov. Gavin Newsom ordered a state agency to halt issuing fracking permits by 2024 and tasked another with studying options to end oil extraction in the state by 2045, a move that environmental groups say isn’t aggressive enough to address climate change. Key Facts Newsom's order directs the Department of Conservation’...
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Houston-based utility wants Minnesotans to pay for Texas deep freeze problems

EnlargePhoto by Robert Nickelsberg/Getty ImagesTexas’ deep freeze didn’t just disrupt natural gas supplies throughout Lone Star country—its effects rippled across the country, extending as far north as Minnesota. There, gas utilities had to pay $800 million more than they anticipated during the event, and Minnesota regulators are furious. “The inep...